LotitBit is a cryptocurrency lottery site. It is a litecoin and bitcoin lottery site, in particular. There aren’t that many games in it but with its distinctive features, it may be something worth considering if you are looking for a decent bitcoin betting site to try.
LotitBit claims to offer an innovative approach to lottery organization, centered on the use of bitcoins and litecoins. All rates and prizes stated in the site are in these cryptocurrencies. As mentioned in the site, more cryptocurrencies are expected to be supported in the future. Also, LotitBit provides winning chances of up to 15% higher compared to classic lottery 5 from 36.
This bitcoin and litecoin lottery site allows players to have control over the rates. Each new rate initiates the process of generating the new LotitBit number that plays all previously bought tickets, increasing your chances of winning. Moreover, each new rate also qualifies all of the tickets you bought for the jackpot. In short, purchased tickets are not usable only once, just like in classic lottery.
LotitBit says that it only takes 5% from the bets made. This 5% is used for the site’s operations and for paying other expenses, including the fees needed in sending the prizes to their respective winners. The rest of the bets collected are used to provide for the prizes and commissions.
No Account Registration Needed
With LotitBit, you can play without the need to register for an account. Well, actually there’s no option to sign up for an account. As long as you already have your bitcoin wallet address, you can immediately proceed to playing. There’s nothing much you need to do – no commitment, no account to protect and maintain.
The Games on LotitBit
There are two main games on LotitBit. These are actually the same lottery games, only different in the cryptocurrency used. The lottery games are presented on the homepage. There is a countdown as to when the next draws will be held. If you want to make a bet, just click on the Get BTC Ticket or Get LTC Ticket button, depending on which lottery you want to play. The jackpot amounts are shown on the game box.
The games are similar to classic lottery wherein there are 6 numbers (not digits) involved. Each number is from 0 to 99. Obviously, your ticket numbers should be able to match the winning numbers so you can win. Bear in mind, though, that you will not be able to decide on the specific numbers that will appear on your ticket, since your ticket numbers are based on your transaction ID.
Clarifying Real Cryptocoin Lottery, Many Raffles, and Free Lottery
Somehow, we misunderstood what the homepage image slider (carousel) meant the first time we read the texts in them. We initially thought that there are 4 games on LotitBit: Paid Out Unique Gameplay, Free Paid Out Unique Gameplay, One Ticket – Many Raffles, and Free Game. The Paid Out Unique Gameplay games are the ones bitcoin and litecoin lottery mentioned earlier. However, after evaluating these “four games,” there are actually just two games you can play – the paid out bitcoin and litecoin lottery games. The link for the Free Game points to an “Error: 404” page. “One Ticket – Many Raffles,” on the other hand, actually refers to the idea that the ticket you buy can be used for for many raffles. Raffles here refers to the lottery game.
How to Play
LotitBit offers a video guide on how to play its lottery games, as embedded below.
Basically, you just have to buy your tickets for the lottery by clicking on the Get BTC Ticket or Get TLC Ticket button on the lottery you want. You then have to send bitcoins or litecoins to the wallet address that will be shown to you.
If you want to play the bitcoin lottery, you will have to send 0.001 BTC to the bitcoin wallet address indicated after you click on the Get BTC Ticket button. If you want to play the litecoin lottery, you need to send 0.01 LTC to get 1 ticket. The number of tickets you can get depends on the amount of bitcoins or litecoins you send. You get two bitcoin lottery tickets if you send 0.002 BTC, 5 tickets if you send 0.005 BTC, and so forth. If you send bitcoins or litecoins higher than the needed amount to get a certain number of tickets, 0.0035 for example, the overage will not mean an additional ticket and will not be returned to you. Instead, it will be sent to the LotitBit game pot.
You should only use bitcoin or litecoin wallets that allow you to receive bitcoins or litecoins. Do not use shared wallets.
You don’t have to get all six numbers to win a prize. Obviously, getting all 6 matching numbers means that you will win the jackpot. If you get only 1 matching number, you will get back the price you paid for your ticket. If you get 2 or 5 matches, you get 33% of the prize. If you get 3 or 4 matches, you get 17%.
No Free Game or Demo Mode
Unfortunately, LotitBit cannot be compared to a free bitcoin casino or free litecoin betting site. This bitcoin betting site requires you to spend some bitcoins or litecoins to be able to play. It supposedly has a free game feature or a demo mode of the lotteries but this feature was unavailable at the time we did this LotitBit review. The free game link pointed to a 404 error page.
LotitBit Game Platform and Fairness
LotitBit uses its proprietary game platform and claims to be based on the strongest cryptographic algorithms. This platform is purportedly guaranteed by the most powerful data network and is governed by transparency rules that ensure the fairness of the games.
LotitBit presents a PDF document that provide details on how its cryptolottery is conducted or how the winning numbers are arrived at. Go over this document if you want to get into the details of how the game works. LotitBit relies on the distributed payment system of bitcoin or litecoin for its random number generation. As such, the draws can be considered provably fair. There is no provably fair widget provided on the site but since the random number generation is dependent on the cryptocurrency payment system, those who are in the know should be able to verify the fairness of the draws through the details presented on the site.
LotitBit Is Mobile-Friendly
LotitBit has a mobile-friendly website, owing to its responsive web design. It’s not the best looking mobile website implementation but is functional enough. We did not encounter issues running on the site on a mobile browser. It does not require Flash or other browser add-ons. There are no apps for iOS, Android, or Windows mobile devices but the mobile-friendly site suffices in providing a mobile bitcoin betting experience. However, LotitBit’s FAQ page mentions that there is an app being developed and it will be available soon.
Currencies, Deposits, and Withdrawals
LotitBit uses bitcoins and litecoins. All transactions are on a wallet to wallet basis.
There is no need to make deposits on this bitcoin betting site. You just have to directly send your bitcoins to the wallet address indicated on the modal window that appears when you click on the green Get Ticket or Play Game buttons.
You get a certain number of tickets depending on the amount you send, as discussed in the earlier part of this LotitBit review. Your bet will be included in the lottery after the bitcoin or litecoin transaction (sending) you make gets 6 confirmations. This usually takes around 10 minutes.
If you win a prize, it will be quickly sent to the bitcoin or litecoin wallet address you used to pay for your ticket.
No Bonuses and Promotions
If you are looking forward to bonuses and promotions, unfortunately, there is none to find on LotitBit. Obviously, since there are no deposits involved, you can’t get a first deposit bonus or a bitcoin casino reload bonus. The site also does not offer a welcome or sign up bonus. It shouldn’t also come as a surprise that the site does not offer VIP programs and rewards. LotitBit also does not have a bitcoin faucet that allows you get little amounts of bitcoins that can be used to make bets on the site.
Country Restrictions, Anonymity, and Site Languages
LotitBit does not impose IP-based country restrictions. This is not stated in the site but we tried accessing the site using proxies for different countries and we have not encountered an instance when we were blocked. The site can be accessed from the United States, Canada, Ukraine, United Kingdom, Russia, Romania, the Netherlands, Germany, France, Sweden, and several other countries. Although LotitBit is not a full-blown US-accepted bitcoin casino, it’s something online bitcoin betting enthusiasts in the United States may want to consider.
As already mentioned earlier, there is no account registration needed to be able to play on LotitBit. As such, you are assured of full anonymity. You will not be asked for personal details or to verify your identity as you get your prize. You don’t have an account or player name to maintain.
The LotitBit website can be viewed in three languages: English, Chinese, and Russian.
LotitBit Player Support
If you have questions or if you need assistance as you play on LotitBit, you can send an email through the site’s Contact form. Be sure to enter your email address correctly. Otherwise, you will not be able to receive the response for your inquiry or request. You may also contact LotitBit or get updates about it through its social media accounts.
LotitBit License, Regulation, and Security
There’s nothing mentioned on the LotitBit website regarding its online gambling license and regulation. Well, we will not be taking this against LotitBit, though, since most other similar websites don’t really provide their license details. So far, the only one we have seen doing this (and we have already reviewed) is BitDice.
What’s mentioned on the site is that LotitBit was created by a team of professional designers who come from different parts of the world, particularly Russia, Germany and the United States. These designers share the same enthusiasm and ideas about electronic cash. As the site writes, these designers “are serious about their work and reputation and guaranteed the support and development of the service.”
When it comes to security, LotitBit is claimed to be fully secure, albeit in a not so grammatically correct way (site says “LotitBit it fully securely”). LotitBit accordingly employs a system that even if it fails, none of the transactions will be lost. The transactions will only be charged as the system becomes operational again. Also, the ID transactions of all rates are made publicly available.
Pros and Cons
- Tickets can be used for more than one draw.
- Anonymous litecoin and bitcoin betting
- Provably fair bitcoin lottery
- You can’t decide on what numbers your tickets will have since the numbers are based on your transaction ID
- Complicated game mechanics are not that well-explained on the site.
- No bonuses and promotions