Bitvest is one of the oldest Bitcoin gambling sites with an invest option. Originally advertised as a Bitcoin faucet, BitVest has become a much more versatile platform. Even though the faucet is still a part of the site, it isn’t a selling point anymore. At Bitvest, you can choose to be a player or an investor. As a player, you place bets as you normally would and all winnings are paid out by investors. As an investor, in exchange for paying out all winnings, you collect all the profits minus a commission that is taken from all bets leaving the remainder of, on average, 1.15% of all Plinko, 0.70% Dice, 1.155% Slots, 1.155% Bit Spin, and 1.833% of Roulette bets paid to investors. This results in an average profit share of about 67% to investors, and 33% to the house.
BitVest is a provably fair site so every bet outcome can be verified.
The result of every game should be equal to:
SHA512(ServerSeed + “|” + PlayerSeed)
Additionally, the previous ServerHash should equal SHA256(ServerSeed).
If PlayerSeed is left blank, one will be randomly chosen by your browser for every game.
At BitVest you can play 5 different games. Beside their most known Plinko game, you can play Dice, Roulette, Slots and Bitspins.
The user interface (UI) is nice, it has that “I feel welcome here, I will stick around” design but not so much of elegance. Also, we kind of didn’t like how everything is a bit messy. You can choose between dark and light theme.
You can choose between Bitcoin, Ethereum or Litecoin to play with at BitVest but also with their tokens.
Account/ Account Security
At BitVest, one thing that you shouldn’t worry about is your security. They have so many options for you to secure your account better. Beside setting up a password and linking an email address, 2FA and enable/disable option for tipping are available as well. Moreover, you can set a recovery BTC address.
Regulation US/UK/AUS Players
Players from all around the globe are allowed to play at BitVest.
BitVest does not offer any kind of promotions and giveaways. They do, however, offer daily quest which you can complete by playing and earn tokens. Claiming from the faucet also earns you BTC or tokens.
The only way to contact their support is via email which, we believe, they do not check that often because we are waiting for more than 48 hours for a reply.
BitcoinTalk Trust/ Overall Trust
Their overall trust is fairly good and they have a nice community that can confirm that. We never had any problems with BitVest.