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BONUS

Free Crypto Faucet

LAST UPDATED

03/01/2024

1.7 / 5

BTCGOSU RATING

0 / 5

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SUMMARY

Bitvest is an established bitcoin casino with a selection of six provably fair games, has a free faucet in place and features a great referral program.

INFO

• License(s) None
• Deposit Options BTC, BCH, ETH, LTC, DOGE
• Minimum Deposit 0.00000001 BTC
• Minimum Withdrawal 0.0012 BTC
• Customer Support Email, Bitcointalk
• Languages English
• Restrictions None
• Established 2015

POSITIVES

• Investment opportunity
• Terrific referral program
• Free faucet
• Five supported cryptocurrencies

NEGATIVES

• Outdated design
• Bad mobile version
• No live chat support

GALLERY

Bitvest Casino Review

Bitvest launched in October of 2015, and while we do not know who operates the site specifically, we do know it’s the same team that’s behind 777Coin. Bitvest may not have a gaming license or operate similarly to other online casinos, but it has a solid reputation and user base. Investing in the platform’s bankroll is a big thing here, and Bitvest has proof of reserves and liabilities. The site features six games, a free faucet, a blog, and a terrific referral program.

First Impressions

Upon first access, we thought we had traveled back in time to the early to mid-2000s. It’s entirely fair to say that Bitvest needs a makeover, as its design is not pleasing to the eye, though its functionality is acceptable.

Registration is a breeze, as the site lets you create an instant account with the click of a button. We got an autogenerated username that had the words Charming Pony in them. However, after the site creates this account for you, you can opt to make a full one where you’ll input a chosen user name and password.

After you complete your registration, we suggest that you click the rewards button in the left-side navigation bar to pull out the free faucet. Claim it a few times to become eligible to participate in the chat and ask other users for guidance.

Games offered by Bitvest

When on the subject of Bitvest games, the platform houses six provably fair games that feature established concepts. These are plinko, dice, slots, keno, bitspin, and roulette. If you’re wondering what bitspin is? Let’s say that it’s a variation of roulette. The others are pretty much the go-to games for most crypto gambling sites. The versions that you’ll find here do not differ from what’s available elsewhere, except that at Bitvest, they feature some crude graphics.

All the games at Bitvest are simple to play, and a bit of an eyesore. If you cannot figure out the rules, you can click the help icon in the left-side vertical bar and look for a guide. You should be able to grasp how each game works in under ten minutes. Plinko is the one with the lowest house edge, of only 0.70%. Other games with favorable house edges are slots with an edge of 1.155% and bitspin with 1.55%.

In the same navigation bar where you can find the help options, there’s access to the auto-bet function, which you can use on all the games except for roulette. You can set things like a starting bet, a max bet, then get further into options like – on a loss, multiply my wager by a specific amount. Once you calibrate your desired gameplay, you can click start and monitor your progress. There’s a tab dedicated to statistics, where you can see some of your milestones.

All results at any game at Bitvest are provably fair. In July of 2019, Bitvest switched to a seed+nonce based system for easy verification. However, players can still verify older bets using the platform’s previous system. The same method of converting a hash result to a game one applies to both current and historical bets.

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Easy Access

There is no Bitvest mobile app. So, no Bitvest Android app or one for iOS users. However, management should consider doing some investing of their own and look to develop one. The platform has been operational for half a decade, and they’ve made little effort to improve the Bitvest mobile version.

We accessed the site via our Android phone, through Chrome. Playing games while holding the screen vertically may be impossible for users with impaired vision, as many of the numbers and letters are too small. Most of the games feature large tables full of numbers, which makes playing them on a mobile screen hard. Once you turn your phone, things get better, but you have to scroll up and down the page. You cannot zoom out, so you cannot have everything in full view at once. Some games work better when the screen is vertical, others while it’s horizontal.

Even when you pull-out the left side menu, you can go through all the tabs, but it becomes impossible to read some of the numbers there. They are too small, and given that you cannot zoom in, we found our mobile experience very frustrating.

Deposits & Withdrawals

Bitvest knows that variety in every department is crucial, which is why it allows the use of five of the most popular cryptocurrencies. These are:

• Bitcoin
• Bitcoin Cash
• Ethereum
• Litecoin
• Dogecoin

You can deposit funds through the site’s address, or you can use a QR code if you are a smartphone user. Every cryptocurrency has its deposit limits and a specific number of confirmations that your deposit has to go through before the funds land in your account. For Bitcoin, the deposit limit is 0.00000001 BTC, and a Bitcoin deposit only goes through one confirmation, the same as a Litecoin one. For Bitcoin Cash, this number is two. Dogecoin requires four and Ethereum twelve. For faster deposits, you can include a larger transaction fee.

Each crypto has its withdrawal minimums and fees. For Bitcoin, the minimum withdrawal amount is 0.0012 BTC, and it comes with a fee of 0.00012 BTC. Ethereum has a withdrawal minimum of 0.01 ETH, and its fee is 0.0025 ETH. For Litecoin, the withdrawal limit is 0.0013 LTC, and the fee is 0.0003 LTC. For Bitcoin Cash, the withdrawal limit is 0.0125 BCH, and the fee is 0.0005 BCH, and for Dogecoin, the minimum withdrawal limit is 2500 Doge, and the fee is 20 Doge.

You can view a detailed history of all your transactions on the platform, and you can send tips, publicly to other players, or the RainBot. In the same window, you can see a breakdown of all your investments, profits, your balance, and the average bankroll on the site.

Bitvest Bonuses & Promotions

On the subject of Bitvest promotions, we have to open with the investment opportunities. The site lets its players be the casino by investing in its bankroll. Meaning, you can earn profits from other player’s losses. Once a player loses, his bet goes into the public bankroll, generating profits for those that invested in the casino. Bitvest charges a commission for providing this service. You may also choose to margin invest for a higher risk and reward on the funds you put into the casino.

If you are interested in investing at Bitvest, we recommend you look their invest page. It will tell you what a margin is, how your share gets calculated, what are the commissions the site takes, and so on. You can also check out historical charts to see how past investments have unraveled, to make a more educated decision.

Investing aside, you may claim free tokens from the faucet and daily quests, based on your rank and luck. You can also earn additional bonuses via faucet multiplier codes, which you can find in some of the platform’s blog entries. There are also betting contests at Bitvest, time-specific tournaments for each crypto.

A cool aspect of this platform is that you can earn a lot via referrals. The site provides you with a referral link, and when a user signs up through it, you can earn 10% of the site’s commission from them. Furthermore, you can earn 5% of their referrals and an additional 3% of their referrals’ referrals. You can view your earnings in a dedicated page, as well as see the global referral earnings on the platform, and who are the top affiliates.

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VIP Program

So, is there a Bitvest VIP program? Well, kind of, since the site lists Bettor levels, but some of the moderators in the chat call them VIP levels. All Bitvest users attain ranks on the platform via their betting activity. What they can get from the platform’s faucet and their quest rewards depends on their VIP rank.

There are 28 levels in this scheme, and you move from level to level after passing a specified betting amount. The more you bet, the higher you climb this Bitvest ladder en route to earning the title Top Bettor. The first level starts at 0.0100 BTC, and you need to have wagered over 5,000 BTC to reach the 27^th one.

Once a user reaches level one, he becomes eligible to receive rain. The site also runs exclusive events for users that have attained a specific level within this scheme. For instance, there was recently an event for VIP members, level ten or higher. These events are usually betting contests with designated prizes for those who claim the top spots.

Bitvest Customer Support

If you are looking for a live chat icon, you won’t find one. That doesn’t necessarily mean that there is no Bitvest live support. The staff encourages all members to ask questions in the public chat, where moderators may lurk. However, you must be at least level one, have an account that’s a day old, or have claimed the faucet at least three times to be able to participate in a discussion there.

However, if your inquiry is more complicated, or if you need assistance with your account or other issues that may require an administrator’s attention, you should submit a support ticket via – bitvest.io/support. If you have trouble submitting a ticket, then you can establish Bitvest contact by email at support@bitvest.io. Know that support through email is usually slower than if you use the ticket option. So, the choice is yours.

While there is no dedicated FAQ page, when you click on the help icon, you get something similar. Upon that action, the left-side panel gets filled with how-to-play guides and ones that explain how investing works, what are the bettor levels, and so on. The game guides feature links to the casino’s YouTube channel.

Security

It’s a bit difficult to speak about the security at Bitvest, as we couldn’t locate a terms and conditions page or the platform’s privacy policy. We assume that it doesn’t have these, and it’s going for the full anonymity angle. Thus, the site has no gaming license, and it doesn’t mention anywhere which company operates Bitvest if there’s a company behind it at all. These things shouldn’t stir up too much concern among those deep into crypto gambling, as the site has been around for five years, and has a presence on Bitcointalk with no major complaints.

It utilizes advanced encryption with an ECC key (256 Bits) to protect all data entered on the site. Once you make a full account, you can set up 2FA, and you can enter a recovery address.

Bitvest uses a Trezor bitcoin wallet, which are hardware wallets built to store bitcoins as securely as possible. The platform stores 98% of its funds in cold storage, using dedicated hardware not connected to the internet. It also has special measures in place to prevent man-in-the-middle attacks.

GOSU Conclusion

So, how is one of the earlier entries in the crypto gambling market holding up today? Well, the site last published a blog post two years ago, and the platform hasn’t been active on Twitter for over three. While you’d think that’s an indicator that this crypto casino has seen better days, it still has a fairly active user base. At the time of our review, the chat listed one hundred active members. Staff often posts on Bitcointalk, and they have new events, usually in the form of wagering races running regularly on the site. While its games are a bit crude-looking, as is the overall design of the site, its investment opportunities remain a strong selling point. So, while there are some nice things to say about Bitvest, we cannot overlook the negative ones. While it may be on par in some aspects with other, more popular crypto casinos, its presentation is lacking, and so is its customer support.

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