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Bitcoin Raffle FAQ
How do the Bitcoin Raffles work exactly?
All our standard raffles work the same.
Every raffle has 11 entries per raffle and the winer is drawn automatically and totally random when the 11th raffle ticket is purchased.
The lucky winner will get 10x the amount of the raffle entry fee.
How will the raffle winner be drawn?
Upon purchase of the 11th raffle ticket our system will randomly draw the lucky winner, without any human interference.
This guarantees a 100% honest draw, where every entry has the same chance if winning.
How and when will the winner receive the payout?
The user who purchased the winning raffle ticket will receive 10x the price of the raffle ticket, within 24 hours after the draw is completed.
For full transparency the prize will be paid to the same wallet address from which the entry ticket was paid.
Can I cancel my entry ticket purchase?
Since our raffles operate fully automatically, your purchased entry ticket can't be cancelled or therefor refunded.
What happens to the entry fee funds before a raffle is completed?
All received funds from purchased raffle tickets remain in the wallets they are received in, until the draw is completed and the winner is paid.
Why does Bitcoin Raffle keep 1/11th part of the raffle entry fees?
We use the 1/11th part of every raffle to pay for hosting, development, marketing, staff salaries and to make some profit as well.