Frequently asked questions


Bitcoin is an innovative payment network and a new kind of money. Bitcoin uses peer-to-peer technology to operate with no central authority or banks; managing transactions and the issuing of bitcoins is carried out collectively by the network. Bitcoin is open-source; its design is public, nobody owns or controls Bitcoin and everyone can take part. Through many of its unique properties, Bitcoin allows exciting uses that could not be covered by any previous payment system. A cryptocurrency is a digital asset designed to work as a medium of exchange that uses strong cryptography to secure financial transactions, control the creation of additional units, and verify the transfer of assets. Cryptocurrencies are a kind of alternative currency and digital currency.

Bitcoin is the first implementation of a concept called "cryptocurrency", which was first described in 1998 by Wei Dai on the cypherpunks mailing list, suggesting the idea of a new form of money that uses cryptography to control its creation and transactions, rather than a central authority. The first Bitcoin specification and proof of concept was published in 2009 in a cryptography mailing list by Satoshi Nakamoto. Satoshi left the project in late 2010 without revealing much about himself. The community has since grown exponentially with many developers working on Bitcoin. Satoshi’s anonymity often raised unjustified concerns, many of which are linked to misunderstanding of the open-source nature of Bitcoin. The Bitcoin protocol and software are published openly and any developer around the world can review the code or make their own modified version of the Bitcoin software. Just like current developers, Satoshi’s influence was limited to the changes he made being adopted by others and therefore he did not control Bitcoin. As such, the identity of Bitcoin’s inventor is probably as relevant today as the identity of the person who invented paper.

Nobody owns the Bitcoin network much like no one owns the technology behind email. Bitcoin is controlled by all Bitcoin users around the world. While developers are improving the software, they can’t force a change in the Bitcoin protocol because all users are free to choose what software and version they use. In order to stay compatible with each other, all users need to use software complying with the same rules. Bitcoin can only work correctly with a complete consensus among all users. Therefore, all users and developers have a strong incentive to protect this consensus.

As payment for goods or services. Purchase bitcoins at a Bitcoin exchange. Exchange bitcoins with someone near you. Earn bitcoins through competitive mining. To get more knowledge about acquire bitcoin or cryptocurrency from websites, please visit our Promo area or just follow our articles.

Degree of acceptance - Many people are still unaware of Bitcoin. Every day, more businesses accept bitcoins because they want the advantages of doing so, but the list remains small and still needs to grow in order to benefit from network effects. Volatility - The total value of bitcoins in circulation and the number of businesses using Bitcoin are still very small compared to what they could be. Therefore, relatively small events, trades, or business activities can significantly affect the price. In theory, this volatility will decrease as Bitcoin markets and the technology matures. Never before has the world seen a start-up currency, so it is truly difficult (and exciting) to imagine how it will play out. Ongoing development - Bitcoin software is still in beta with many incomplete features in active development. New tools, features, and services are being developed to make Bitcoin more secure and accessible to the masses. Some of these are still not ready for everyone. Most Bitcoin businesses are new and still offer no insurance. In general, Bitcoin is still in the process of maturing.

Much of the trust in Bitcoin comes from the fact that it requires no trust at all. Bitcoin is fully open-source and decentralized. This means that anyone has access to the entire source code at any time. Any developer in the world can therefore verify exactly how Bitcoin works. All transactions and bitcoins issued into existence can be transparently consulted in real-time by anyone. All payments can be made without reliance on a third party and the whole system is protected by heavily peer-reviewed cryptographic algorithms like those used for online banking. No organization or individual can control Bitcoin, and the network remains secure even if not all of its users can be trusted.

Bitcoin is designed to allow its users to send and receive payments with an acceptable level of privacy as well as any other form of money. However, Bitcoin is not anonymous and cannot offer the same level of privacy as cash. The use of Bitcoin leaves extensive public records. Various mechanisms exist to protect users’ privacy, and more are in development. However, there is still work to be done before these features are used correctly by most Bitcoin users. Some concerns have been raised that private transactions could be used for illegal purposes with Bitcoin. However, it is worth noting that Bitcoin will undoubtedly be subjected to similar regulations that are already in place inside existing financial systems. Bitcoin cannot be more anonymous than cash and it is not likely to prevent criminal investigations from being conducted. Additionally, Bitcoin is also designed to prevent a large range of financial crimes.

The Bitcoin technology - the protocol and the cryptography - has a strong security track record, and the Bitcoin network is probably the biggest distributed computing project in the world. Bitcoin’s most common vulnerability is in user error. Bitcoin wallet files that store the necessary private keys can be accidentally deleted, lost or stolen. This is pretty similar to physical cash stored in a digital form. Fortunately, users can employ sound security practices to protect their money or use service providers that offer good levels of security and insurance against theft or loss.

Lotobitcoin faucet is a freecoin station. You can come claim a free Reward every 30 minutes. You get this reward directly to your balance in the currency of your choice + 1 free lottery ticket for the Weekly Lottery.

You can use this balance to invest in lotobitcoin in many areas like the dice-game, or purchasing tickets for weekly lottery to incresse your winning chance.

Lotobitcoin Dice-game is a betting sistem to doble your balances.

You have a winning change that will determinate your probability of winning. Less probability or change % (percent), will bring you more profit.

Lucky number is a random number between 1 and 100

You choose a winning change from 2 to 97, place a bet, and you will decide to bet in the next lucky number, higher or lower than your winnin change

For example:

If you choose to use a winning change of 30%, you got two options. To bet that the next lucky number will be higher than 70 or lower than 30.

In dice-game you got this two counters to help you to keep control of the game.

Everytime you lose or win, it will count it for you. So make a prediction about the next lucky number depending on how much you lose or win. Find the best strategy and doble your earnings.

You can also program your bets by using the Autobet-sistem

Choose a Base bet to start betting from, Roll direction (Hi,Low,Alternative), number of rolls to play in a round and what to do on lose or Winning case.

A faucet site always provide a little amount of crypto per time. The real way to earn is from the Referral Sistem.

Lotobitcoin Referral Sistem

Earn the 25% lifetime comission from the users you invite, , using your referral link, to join

You will receive 25% of faucet Reward Claims from this users.
Also you will get a little comission for each visit through your referral link to

For explample: If someone access to your referral link like this ""
That "ref=16", will receive a comission for that unique visit.

By sharing your referral link in websites,social media, etc.

Here we show you a rebust guide to get referrals from Autotraffic Webistes.

A promoter is some one who get paid by sharing a referral link from lotobitcoin user area or promoter area.
Everyone can join and work as a promoter. To become a promoter is just requiered 2000 views in the last 30 days of your referral / promoter URL.
You will keep the promoter status "active" only if you have 2000 views in the last 30 days. If you decrease 2000 views in last 30 days, your promoter status will be inactive until you brings the required views again.
With "Active" status you get paid for the views daily. With "inactive" status, you dont get paid.

You also can ascend your promoter lvl by bringing more views, to increase your earnings.

You can work directly with as a Promoter and receive daily-crypto payments.
For more information:
Read the Promoter Guide to know how.

A lottery is a Big Jackpot from user tickets and free faucet tickets.

Everyone can participate in Lotteries by purchasing tickets or claiming from faucet.

Weekly Lottery

We share the Big Jackpot every friday. There is 10 Prizes for 10 winners.

Is free to participate by just using the faucet and you can increasse your winning change by purchasing extra tickets.

The selection of winners it depends on user probability. Users with more amount of lottery tickets, have a bigger change % to be selected.

You can also win the one of the Big prizes with 1 ticket, but is less probably.