How much do you know about bitcoin lottery?

How much do you know about bitcoin lottery?

If you want to participate in the craze for Bitcoin but do not want to pay exorbitant prices or exploit them yourself, you can use Bitcoin lotteries to try to win them. Here are some information about bitcoin lottery. Click here for lottery.

Why everyone wants bitcoins

The extraction of bitcoin is attractive despite its risks because the coins can be extremely valuable. For many years, each bitcoin was worth only a few hundred dollars, but by 2017, the price per bitcoin had risen to almost $ 20,000. Visit this site for lottery.

The dramatic increase in the value of Bitcoin has given rise to highly publicized stories, notably that of Kristoffer Koch who bought 5,000 bitcoins for $ 27 while doing his research for his thesis in 2009. In 2013, when Koch remembered that he had Bitcoins in an encrypted Bitcoin wallet, they were worth more than $ 880,000.

1 bitcoin

How do Bitcoin lotteries work?

A Bitcoin lottery works like Powerball or Mega Millions: players buy a ticket in hopes of hitting a jackpot. The difference is that you can choose to receive your jackpot in Bitcoins instead of cash. If you think that cryptocading prices will continue to rise, then hitting a Bitcoin jackpot can be even more valuable than receiving the same cash amount.

Can you win the Bitcoin lottery if you know nothing about Bitcoin?

If you’re nervous about dealing with crypto-crime if you win at a Bitcoin lottery, you do not need to be. Lottery sites pay automatically. Some promise to help Category 1 and Category 2 winners build a Bitcoin wallet if they need it. If you do not want to, or if you are not sure that the value of Bitcoin will increase after winning, you can also choose to receive the prize at the running cash value at the time you win.

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