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Bitcoin Lotto The best 5 bitcoin lottery sites for 2020 VideoFireLotto is international blockchain crypto lottery (eng subtitles). One Bitcoin has gone from ca. £ to over £ 13 When the Bitcoin Lotto was launched and now the jackpot is worth more than a staggering 13 million or over 17 million US dollars. Welcome to the Bitcoin Lotto, where you can play for the world’s first Bitcoin jackpot – exclusive to Lottoland! Be part of this exciting phenomenon that is taking over the world! Match 6 numbers and we’ll pay a huge jackpot, starting at BTC (currently worth an incredible €m*), direct to your Bitcoin . Bitcoin Lotto is an innovative game that gives players the chance to obtain bitcoins as prizes. You do not need to already own any bitcoins to play, instead you pay for your lines in fiat currency and attempt to correctly predict the six numbers drawn to win the jackpot of at least 1, BTC.
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Your password must contain at least one lowercase and one uppercase letter. Your password must contain at least one symbol or number. First name.
Middle name optional. YYYY Mobile phone number. Create a new account. Log in to your account. The Operator pays lower tier prizes from the money raised in sales for the game, with prizes transferred directly to your online player account, and takes out insurance policies for the jackpots.
As a lottery, Bitcoin Lotto compares well to other games as it has far more favourable odds of winning than other options such as EuroMillions and US Powerball, whilst still offering excellent prizes.
The jackpot is worth an eight-figure sum in Euros, but it is the fact that it offers bitcoins as prizes that really makes it stand out.
The jackpot prize being affected by what happens in a Spanish lottery draw may discourage some users and, with odds of 1 in nearly 14 million for the top prize and 1 in 55, for the Match 5 award, this is certainly not a guaranteed way to pick up bitcoins, but the opportunity will certainly attract many bitcoin hunters.
One Bitcoin has gone from ca. When the Bitcoin Lotto was launched and now the jackpot is worth more than a staggering 13 million or over 17 million US dollars.
How much more can Bitcoin gain in value? That is hard to answer but there are fact you need to know about Bitcoin if you are wondering yourself — could this actually be worth more than its monetary value in other currencies?
Bitcoin is a crypto-currency which means that it is a form of digital currency. Digital currency means that it is only held and controlled electronically.
All crypto-currencies are controlled eletronically and they are decentralized. This means that no institution controls the currency like central banks in the case of other currencies.
In mining the computing power of a larger network is used to solve problems and give value in the form of Bitcoin. Can you use Bitcoins as regular money for your daily needs and payments?
This is a a very common question to ask by you and also very important one. However, in order to give you an idea of the underlying odds, we have taken the industry average — which is a 49 ball game with 6 numbers drawn.
As you can see from the above examples from a typical 49 ball game, the odds are heavily stacked against you once you get past the 3 number requirement.
As such, it is crucial to assess how much each corresponding win is going to pay. Probably not. So now that you know the ins and outs of how Bitcoin lotteries work, we are now going to show you how you can get started.
Follow our simple step-by-step guide below to find out how to register and deposit funds at a Bitcoin lottery platform!
Your first port of call is going to be to choose a platform that hosts a Bitcoin lottery game. In some cases, these will be dedicated platforms that specialize exclusively in Bitcoin lottery games.
In other cases, platforms will be a fully-fledged Bitcoin casinos that hosts a range of Bitcoin lotteries alongside more traditional games likes like blackjack, roulette, and slots.
Before choosing a platform, you also need to assess what type of Bitcoin lottery game that you want to play. As we discussed earlier, this will dictate how the balls are drawn.
For example, while some players prefer balls that are generated via Provably Fair, others prefer Keno-style games that are backed by regulated software providers.
Once you have chosen your preferred Bitcoin lottery platform, you will now need to go and open an account. A pop-up box will then appear asking you to choose a username.
Although you have just created an account by simply choosing a username, you should now go into your settings page and add a layer of security.
This can either be via two-factor authentication or email notifications. Once you opened your account and added a layer of security, you now need to deposit some funds so that you can enter a Bitcoin lottery game.
You will then be shown your Bitcoin deposit address. This wallet address is unique to you and your Bitcoin lottery account, so make sure you keep it safe.
Copy the address to your clipboard, and then head over to your external Bitcoin wallets. Finally, once you transfer the funds to your deposit address, the Bitcoin lottery platform should credit the funds within 1 blockchain confirmation.
As soon as your account has been funded, you can then proceed to start buying some Bitcoin lottery tickets.
As you will see from the image below, the cost of one lottery ticket is 0. Next, you then need to decide how many tickets you want to purchase for that particular game.
Once you enter the number of tickets in, the total cost box will automatically update. Finally, you then need to decide whether you want your ticket numbers generated randomly, or if you want to choose them yourself.
This is very similar to the real-world version of the game, where you can choose your favorite numbers or get the machine to automatically generate them for you.
If you are fortunate enough to win a game of Bitcoin lottery, you will then need to withdraw your winnings back out.
Next, you need to enter your external Bitcoin wallet address. For ease, this can be the same address that you used to deposit the funds.
As soon as you request the withdrawal, you should see the funds back in your external Bitcoin wallet within 10 minutes.
The Provably Fair protocol is backed fully by the art of cryptography, meaning that the outcome cannot be manipulated or pre-defined by the platform.
If the Bitcoin lottery platform doesn't use Provably Fair, this isn't necessarily an issue. Some Bitcoin lottery websites will instead get their winning numbers from real-world lottery games like the EuroMillions or MegaMillions.
Other platforms such as FortuneJack utilize third-party software developers who are regulated in the real-world, so this is also an option for you.
This all depends on the prize pool for the specific game you are playing. In most cases, all ticket sales will be pooled together, and then distributed to the winning players.
A higher percentage of the pool is given to players that land the biggest wins, such as matching 5 or 6 numbers. As is typically the case across the entire Bitcoin casino spectrum, there are usually no minimum deposit amounts to worry about.
Fiat casinos usually stipulate a minimum deposit because they get charged by financial institutions when facilitating debit or credit card payments.
However, as you are depositing funds externally from your Bitcoin wallet, you can deposit as much or little as you like.
Much in the same way as any other Bitcoin casino game, your winnings will be transferred directly into your private Bitcoin wallet.