Cryptocurrencies are powered by blockchain technology and provide safe financial assets and transactions as they omit the need for a third party to control and manage financial issues. As cryptocurrencies get more attention from the digital communities, they provide more reliable payment options to make money while having fun.
Crypto betting and gambling have become popular in recent years due to applying cryptocurrencies that enhance the security and anonymity provided by blockchain technology. Crypto lottery is the digitalized version of the traditional lottery system, which includes various choices of betting, wagering and playing lottery games. Players use cryptocurrencies to bet and wager to try their luck.
Crypto lotteries solve some of the major problems of traditional lotteries. Traditional lotteries are centralized and operate under the supervision of a management group. Also, there is no guarantee that these games are totally fair. Lottery crypto provides provably fair games built on open-source technology and hosted on highly decentralized networks. Thus, cryptocurrency lotteries are decentralized and digitalized to solve the shortcomings mentioned above. Their operation is somewhat similar to online NFT lottery sites and NFT casinos.
In this guide, we introduce 5 best crypto lottery sites to join in 2023. The following crypto lottery sites feature higher rewards and more exciting features.
How exactly do crypto lotteries work?
The crypto lottery sites based on crypto operate quite similarly to traditional lotteries. Players can buy as many tickets to the lottery as they want. Having the tickets in play, the total amount collected from each of these tickets would go to the prize pool (other than the amount charged by the platform) and the ticket numbers would be randomly drawn to determine the winner of the lottery. Bitcoin lottery sites are good examples of the best crypto lotteries.
Lottery crypto allows players from any location around the world and accepts a wide range of cryptocurrencies available in the digital world. The players can choose from a variety of online lotteries and can enjoy betting and gambling 24/7.
To play crypto games or join a game, players need a digital wallet filled with the required cryptocurrency or link to a digital method to pay, which is highly secure. This enables them to pay and game using bitcoin or other altcoins. The smart contract based on the blockchain brings credibility and a layer of authenticity to crypto lottery sites.
What cryptocurrencies are accepted by crypto lottery sites?
Crypto lottery sites usually diversify their range of accepted cryptocurrencies to allow their players to use their crypto assets to bet and gamble online. Best crypto lottery sites list as many cryptocurrencies as possible, which may include BTC, ETH, XRP, LTC, etc.
Once you decide to click on a crypto lottery to try your chance and make passive income with your crypto assets, you should be aware of different possibilities with crypto lottery sites. Here are some:
- Bitcoin Lottery where BTC serves as the primary payment crypto. Players need to deposit Bitcoin to start betting.
- Ethereum Lottery is an online lottery system that accepts ETH as the payment mode. in Ethereum lottery, Players must fill their digital wallets with enough ETH or deposit ETH to wager for prizes.
- Ripple Lottery has become an option for those who are looking to wager using crypto assets whose value has not skyrocketed. Players reported their satisfaction with the rewards they gained from this lottery crypto.
- Litecoin Lottery is based on LTC coins that serve as funds for making a deposit into this lottery and joining the prize pool.
- Tether Lottery is based on Tether tokens. This lottery crypto is less popular than the others, though players can try their chance in a lottery by paying cheaper digital money. Thus, the risk will be lower.
Top 5 crypto lottery websites
Luck Block crypto lottery site is hosted on the Binance Smart Chain (BSC). This crypto lottery site is entirely decentralized and is designed fairly and transparently. It uses Chanlink VRF service to choose the lucky winner among all.
Lucky block facilitates daily crypto prize draws by buying a ticket from Lucky Block app. Tickets cost $5 and can be purchased using LBLOCK, the native token of Lucky Block. Players who already hold LBLOCK in their crypto wallet can earn free crypto gaming tickets if they connect their wallet to the platform. They also have access to a separate NFT lottery supported by Lucky Block crypto lottery.
Lucky Block fits the first place on our list of top crypto lottery sites since the prize pool for daily jackpots is funded through ticket sales. It means the higher the ticket sale, the larger the jackpots.
Besides, %10 of each jackpot will be given to a charity. There are also prize draws that went live in May 2022. It was good news for Lucky Block NFT holders since they have two opportunities to win prizes daily.
2. Pool Together
Pool Together is one of the best crypto lottery sites for its free jackpot entry. The platform was launched in 2019 and offered a saving protocol based on premium bonds and daily draws for exciting prizes.
Pool Together involves users depositing into a collective fund sent over to different DeFi protocols to earn yields. These yields then form combined deposits and reward a lucky ticket holder via the Pool Together lottery.
Over $5 million in prizes have been distributed to lucky players since the launch of the platform. Players do not have to buy tickets for Pool Together draws, meaning that they can earn free crypto prizes while generating interest payments.
Pool Together, like Luck Block, also uses Chainlink VRF to choose its winners. It means that winners are chosen provably randomly.
Quanta is known as the world’s first fully licensed blockchain lottery. It provides a wide range of digital services and lottery platform opportunities.
Quanta features 6/49 Lotto, a standard 6-number lottery system to guarantee the random choice of winners. Players need to choose 6 numbers between 1 and 49. Prizes are rewarded based on the number of matches a player can make. 6 is the magic number for the jackpot.
Quanta is hosted on Ethereum blockchain and operated worldwide. It is also licensed and regulated by the Isle of Man Gambling Supervision Commission. This leading gambling regulatory ensures that Quanta as a platform is approved with its functioning, which in turn reassures players that the operator has met all the necessary requirements with regard to fairness, finance and transparency.
4. Crypto Millions
Next on the list of top crypto lottery sites is Crypto Millions. Crypto Million is a dedicated lottery platform that seems to have the biggest crypto lottery jackpot of all. The site offers one of the widest range of games and lotteries, including prize draws, slots, scratch cards, etc. Several leading media outlets, such as Yahoo Finance, have featured Crypto Million, which adds to its credibility.
Crypto Million is unique for its free lottery tickets. Upon registration, players receive six free tickets. Players can also earn a commission if they promote this crypto lottery site. Players can also collect loyalty points through regular gaming or referrals. The points can be used to buy lottery tickets or enter raffles.
Along with various lottery games, Crypto Millions supports a wide variety of crypto payment options. The user-friendly website and mobile app as well as responsive support team allow players to enjoy this highly rewarding crypto lottery site.
Last on the list of best crypto lottery list is Lottoland. It was launched in 2013, which makes it a pioneer crypto lottery platform. Lottoland is multi-regulated and has the largest number of Jackpots. At the time of writing, it is one of the leading Solana lottery sites.
Along with its online lottery games, Lottoland supports a large number of offline lottery games from all over the world. American players can access Mega Million and PowerBall, and Europeans can enjoy EuroMillions and EuroJackpot. German Lotto, Austrian Lotto, UK Lotto Plus and Brazil Quina are some more instances.
LottoLand provides jackpot prizes ranging from $2 to $257 million, and the games can be played with both fiat and cryptocurrencies. Considering the payment mode, players earn equal amounts of crypto pooled for both fiat and cryptocurrency investments.
The platform also includes Bitcoin Lotto for those who are interested in crypto lottery games. Bitcoin Lotto features jackpots that start at 1,000 BTC! The jackpots offer a 1in 7 chance of winning. Though, due to the value of BTC, it is still risky.
The world of crypto lotteries is growing day by day, and more people are trying their chance to win jackpots. As the number of players increases and suggests the acceptance of crypto lottery sites, there are more and more crypto lottery games to choose from. Some of the most popular crypto lottery sites are hosted on Bitcoin and Ethereum blockchains. As mentioned in the guide, some even link their players to NFT lottery sites and NFT casinos, as mentioned in the guide.
Crypto lottery sites include jackpots with different prizes. Prize pools also vary from one site to another, which suggests many possibilities to win rewards. Cryptocurrency lottery users and players are advised to consider the features as well as working details of a crypto site before to any financial investment.
Frequently aske questions about crypto lotteries
Is crypto lottery legal and safe?
Although lottery Crypto is legal in a lot of geographic regions around the world, we advise our readers to check for their individual regions and stay updated with the local laws.
Is it legit to buy lottery tickets online?
Most crypto lottery platforms provide a receipt of payment for buying lottery tickets. Crypto lottery players can keep the details of a ticket for later use or reference.
Are online crypto lotteries taxable?
The anonymity of the financial system used in crypto lottery systems makes the investment hard to track. Winners should do extensive research to understand the workings of the tax structure in their region.
What is the best Bitcoin lottery site?
Bitcoin lotteries are very popular among crypto gamblers. Crypto lottery sites like Crypto Millions and Lottoland are the best of all.