Skip to main content

How Bitcoin Lottery Beats Fiat Online Lottery by a Mile

Chris in Bitcoin Gambling published on 28, July 2014

Bitcoin Lottery

Buying tickets and choosing numbers at the comfort of the home is the main reason playing lottery online is popular among bettors. It saves the hassle of going to lottery outlets and casinos, and it provides the same level of excitement and prizes and lets you put your luck to the ultimate test.

However, fiat online lottery can only go so far, which explains why Bitcoin lottery is becoming the more preferred medium to enjoy this game of chance. With Bitcoin gambling already making a name in the online gaming industry, many online lottery fans are starting to see the various aspects that make gambling with bitcoins more advantageous.

Use Bitcoin wallet for instant payments

Credit cards and wire transfer? There is absolutely no need for these to play Bitcoin lottery because a Bitcoin wallet and enough bitcoins are the only things needed to play. Since the wallet address is the primary link between the players and the lottery game, providing financial details and documentation is not necessary anymore unlike with the conventional mode of payments practiced in real money online lottery websites. With this system, payment transactions are done instantly, allowing for winnings to be paid in a snap.

Say ‘no’ to manipulated lottery results

The unique feature Bitcoin has brought to the online gaming industry is the provably fair system. It allows players to verify manually the reliability of each draw, ensuring that none of the results are tampered. No matter how many times an online casino or lottery platform claim that their games are 100% fair, they cannot provide the same level of assurance Bitcoin lottery can through the provably fair technology.

Protect player identity

The identity of the winners in fiat online lottery is revealed, and this presents a threat to the safety of the players. There have been instances where lottery winners were attacked after their names were posted as the winners of the lottery jackpots. Through the anonymity granted by Bitcoin to all bettors, such case will be avoided, guaranteeing a safe and healthy gambling environment online.

Not lucky enough? Try other ways to earn

Some specialized Bitcoin lottery websites offer a referral system and investment program that will serve as alternative media through which players can earn commissions. By simply inviting friends to indulge in the leisure activity or by investing in the platform, the total profits that a player can receive from gambling with Bitcoin on lottery games can be twice that of at stake in real money online lotteries. In fact, with the arrival of Bitcoin on WinTrillions, more players can take their chances of winning larger prizes through the great lottery events held regularly, despite the exit of some cryptocurrency lottery sites like Bituna.

 

Like this article? Place your comments below