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Blockchain technology continues to revolutionize the world to date. The technology has advanced beyond what many people expected, from virtual currencies to digital assets that could represent real-world assets. Today, we have virtual worlds where people can socialize and interact, yet blockchain technology is still in its early stages. Who knows the thousand other things yet to come?
Since its rise, many industries have transitioned into the blockchain world to offer unique experiences to their users. One such industry is the Casino and Gambling space which is now leveraging blockchain technology to attract new customers and create what is known as NFT casinos. Most of these casinos are built on Ethereum, the world’s second-largest blockchain, and they also function as NFT lottery sites.
This guide explores the 5 best Ethereum lottery sites to make money in 2023. Also, we guide you on getting started with these platforms and staying safe when playing games. The only thing you have to do is read to the end. Let’s dive in!
What are Ethereum Lottery Sites?
Ethereum Lottery sites are similar to conventional lottery systems in how they are played, and winners are rewarded. Like in traditional lottery, Ethereum lottery players also buy tickets and then wait for the lotto numbers to be drawn, at which point they can compare and see if they have won a prize.
However, the difference between the two systems is that Ethereum lottery sites use digital currencies rather than FIAT currency used on conventional lottery platforms. This means users must buy cryptocurrency in advance and use their funds to buy lottery tickets. Additionally, it means that winnings are given out in cryptocurrencies that can be withdrawn to a wallet and converted to FIAT.
Top Ethereum Lottery Sites in 2023
Now that you understand what Ethereum lottery sites are, let’s list the best 5 platforms to get started with in 2023. These platforms offer various benefits, rewards, and other gambling games that may interest you. Let’s go!
1. Cloudbet
Cloudbet is a highly regarded Ethereum casino. It debuted in 2013 and was one of the first platforms to provide crypto gambling services. The platform offers a broad range of games that will appeal to all types of players. Users can use cryptocurrencies such as Ethereum, Bitcoin, Bitcoin Cash, and others to make payments.
Cloudbet offers a wide variety of games, from classic casino games popular with veterans to cutting-edge games like Esports with newer players. But live sports betting on the site is what draws most users.
In addition, new users on Cloudbet have access to various attractive benefits and bonuses. These bonuses go as high as 20ETH, depending on the cryptocurrency they deposit on the platform. To qualify for these sign-up bonuses, users are required to deposit a minimum of 0.01ETH.
Lastly, users can play anonymously on the platform without disclosing personal information. The platform is one of the most secure, owing to its long years of existence and experience. Even though users may encounter issues from time to time, Cloudbet’s customer service is one of the best. Thus, most complaints are quickly resolved.
Enter Cloudbet ETH Lottery2. Fortune Jack
Safety and good customer service are top priorities for many lottery service users. With Fortune Jack, that need is satisfied. You get to play various games, have fun, and have peace of mind knowing your personal information is kept safe. The platform is also easily accessible through laptops, gaming machines, and mobile devices.
Fortune Jack is one of the top market leaders in crypto gambling. The site is reputed for its security, exciting gaming experience, and top-notch customer service. Fortune Jack is licensed and regulated by the government of Curacao.
While the regulated status means the site operates more transparently, it could be an issue for some players as they would be required to give personal information to register. For instance, users must provide mobile numbers, email addresses, and other personal information to use the platform.
Nonetheless, Fortune Jack is renowned for its transparency and fair play. Users are given fair chances to play games and compete for rewards. The platform’s gaming systems are available for the public to audit to ensure that results are random and not predetermined. New users can access many bonuses, including free spins, sign-up and deposit bonuses, and loss chargeback.
Enter Fortune Jack ETH Lottery3. Pool Together
Pool Together is a multi-chain decentralized crypto lottery site. The platform offers a unique experience to its users and has been gaining popularity due to its non-loss lotteries. The site’s no-loss lotteries mean players who participate in lotteries get their full money back if they do not win. However, rewards for winning depend on how early a user enters a lottery.
According to Pool Together’s website, it has distributed over $5 million in prizes to depositors, with a user once winning $40,000 from a $74 deposit. Participating on the platform is as easy as it gets. All a user has to do is link a wallet service such as metamask to the platform and deposit Ether or other supported cryptocurrencies.
Since the platform is open-source, anyone can check their audit and reward systems to verify whether it is safe and fair. Thus, participants get a fair chance to compete in the lotteries — however, the chances of winning increase based on the amount deposited. As a result, users with high deposits have a higher winning chance. However, the platform allows players with low deposits to pool their funds together, thereby increasing their winning chances.
The platform is easy to use and features a user-friendly interface. Users can easily navigate through the platform even if they are first-timer. These features and its easy registration is why Pool Together is one of the top Ethereum lottery sites now.
Enter Pool Together ETH Lottery4. BitCasino
Launched in 2014, BitCasino is one of the leading Ethereum lottery sites in the world. BitCasino is licensed under the Government of Curacao and is one of the few sites that operate without restrictions in the US. Due to its KYC requirements, the platform doesn’t support anonymous gambling. In addition, users are required to reveal their ages before registration.
Owing to its long years of establishment, BitCasino is highly rated in the crypto community. The platform is secure to use and features many bonuses of up to 100%. BitCasino has one of the largest game libraries, featuring conventional casino games to newer and relatively known games. Regardless of where your interest is, BitCasino is a site that can offer you a rewarding and exciting gaming experience.
The site also has many lottery games users can participate in, increasing their chances of winning. Since many options are available, they can participate in the less popular lottery games, increasing their chances of winning significantly. BitCasino’s easy-to-use platform makes it ideal for new and returning players.
Enter BitCasino ETH Lottery5. BC.Game
The last on our list is BC.Game, one of the most popular and widely used crypto gaming platforms. BC.Game is a market leader in crypto gaming due to the number of games available on its platform. Likewise, the site supports over 110+ cryptocurrencies, with plans to add more over time.
BC.Game is one of the platforms that support Ethereum lottery games. The site has a user-friendly interface that allows users to navigate easily between games and other features. It also has a feature that allows users to change the language on the site to any of their choices. That makes it ideal for users whose native languages are not English or Spanish. Added to this is BC.Game’s 24/7 customer service ready to answer users’ questions and queries.
Starting on the site is straightforward for new players. Even though the Malta Gaming Authority licenses the site, it does not require users to submit to KYC standards while registering. However, players will have to reveal personal information when they want to withdraw their funds. Nonetheless, the platform is still one of the best Ethereum lottery sites to enjoy bonuses and rewards. New users get many benefits while returning users are incentivized with rewards to stay on the platform.
Enter BC.Game ETH LotteryWhat are the benefits of Ethereum Lottery Sites Over Traditional Sites?
Now that you have seen our list of the best Ethereum Lottery sites in 2023, you might wonder why you should pick them over traditional sites. Many factors set Ethereum and conventional lottery sites apart. Some of them are:
Faster Deposits and Withdrawals
Ethereum lottery sites allow users to deposit and withdraw their earnings quickly. There is no need to wait three to five business days for payments and withdrawals to be processed when paying with cryptocurrency. Ethereum transactions, on the other hand, can be completed in a matter of minutes.
Since the reward system is often automated, winners often get rewarded instantly. However, in some instances, some platforms require winners to wait for some time before they are rewarded.
Lower Fees
Ethereum lottery sites have lower fees compared to conventional platforms. They focus more on helping users get started. Thus, new users on some platforms get chargebacks on losses, while returning users are rewarded for continued use of the platform.
Anonymity
A major feature of crypto gambling platforms is their decentralized nature. That allows users to use the platform anonymously except on platforms that require users to give personal details. Asides from that, users can use these platforms by linking their wallet account, such as a metamask account.
Accessibility
Ethereum lottery platforms are easily accessible to users all over the world. Conventional platforms often require government permission to operate in any region. That may restrict users’ access and force them to stick to the local options available in their region.
Unique experience
Lottery draws on Ethereum gambling platforms introduce a totally new experience to users. For instance, Pool Together allows users to get 100% back on their staked funds. Thus, if a user gambles $100 for a lottery and loses out on the winning prize, they still get back their $100.
What To Look For In a Good Ethereum Lottery Site?
Despite all the good things we have listed about Ethereum lottery sites, there are still things you need to look out for before choosing a platform.
Secure Transactions
Due to the anonymous nature of most Ethereum lottery platforms, users need to operate with caution. As there are good players, so are there players looking to swindle unsuspecting players. Thus, check the public rating of whatever platform you decide to join. There are numerous gambling communities you can join to get this information.
Multiple Lotteries
Platforms that offer multiple lottery games give users a better experience. With the multiple lotteries available, users can carefully review the games to participate in or the ones to avoid. For instance, popular lotteries often draw many players, lowering the chances of winning.
Bonuses And Other Rewards
Bonuses and rewards provide a soft landing to new and old players on Ethereum lottery sites. Thus, it is essential that you check if the platform you’ve chosen offers multiple bonuses and rewards.
How to Get Started With Ethereum Lottery Sites?
Starting on any lottery site is straightforward. In most instances, users can join these platforms using a wallet service such as Metamask and begin to play the games. On the other hand, some require users to give personal information such as email, phone number, and other personal details.
Nonetheless, these platforms use cryptocurrencies, meaning users must convert their FIAT currencies to support cryptocurrencies.
Ethereum Lottery sites FAQs
What is the best Ethereum Lottery Site?
There is no best Ethereum lottery site, as each platform offers a unique experience to users. However, users with preferences can use that to sort through the available platforms and choose whichever is best for them.
Are Ethereum Lotteries Legal?
Ethereum Lottery game is a growing industry that many governments haven't looked into. Currently, the services are legal in most territories except in regions where gambling isn't allowed.
Where Can You Participate In Ethereum Lotteries?
There are many platforms where you can participate in Ethereum Lotteries. General crypto gambling sites like Fortune Jack offer lottery games alongside other casino and live betting games. But platforms like Pool Together are purely lottery sites.