Launched in 2014, Bustabit is the original cryptocurrency crash gambling site that allows players to use Bitcoin to put their HODLing skills to the test. Bustabit is owned by Green Train S.R.L. and governed by the laws of Costa Rica.
Bustabit is the sister site to Bustadice, a provably fair online dice site. Similar crypto gambling sites include Stake Casino, Wolf Bet, and EtherCrash. You can read our full Bustabit review below.
To play at Bustabit, all you’ll need is a positive account balance. To start, select the amount of “bits” you’d like to bet, as well as an automatic cash out multiplier, then click the big, orange “Bet” button. Watch the multiplier increase from 1.00x upwards. If you’re feeling doubtful, you can always cash out your bet before your set up cash out limit by pressing the ‘Cash Out’ button.
Winning bets get multiplied by their respective multiplier, but be warned, the multiplier could crash at any random moment. So if you do not cash out before the bust, you’ll lose your entire bet.
There is no limit to how high the multiplier can go, however, there is a max profit that a player can win in a single bet – 1% of the bankroll. If someone were to attempt to win more than the max profit in a single game, then that player will be forced to cash out.
In addition there is another max profit equal to 1.5% of the bankroll that applies to all bets in a round as a whole. If all players combined were to win more than the per-round max profit, everyone is forced to cash out.
Players at Bustabit are also given the option to bet automatically via scripts. There are a handful of preset scripts including Flat Bet, Sniper, Martingale, and Payout Martingale.
The Flat Bet script simply auto wagers your specified amount, along with a specified pay out multiplier. Sniper allows users to follow the bets of another specified user. Martingale gives users the ability to double their investment after each loss. Payout Martingale lets players double their bet after each win.
There is also Narrator, a script that simply reads the Bustabit multiplier as it grows and other game events out loud. Site owner devans wrote it for a player with a visual disability. It is not used for auto-betting.
Writing your own Bustabit script requires expert knowledge of the site’s code. Many players instead opt to purchase Bustabit scripts for sale on sites like BitcoinTalk. For a complete “How To” guide on writing your own script, read Bustabit’s Github page on scripts.
Backtesting is a tool that can help gauge the effectiveness of your crash gambling strategy without risking real money.
You can run your script against games generated from a random hash, or against historical games, which are generated backwards using Bustabit’s current hash-chain. If you are interested in the technical details, have a look at this Bustabit Provably Fair System BitcoinTalk thread.
Bustabits’s Terms of Service page states that users who are citizens or residents of any of the following jurisdictions are prohibited from using the service: Costa Rica and the United States of America.
Bustabit is an anonymous gambling site that requires just a username and email in order to get started. Bustabit’s default assumption for any given user is that they are not prohibited from playing at the crash gambling website. A KYC check is only necessary if the site owner has a specific reason to believe that someone is prohibited from using Bustabit, e.g. if they themselves claim they are underage in chat.
“It’s worth noting that due to the prevalence of VPNs, accessing bustabit from an IP address in a prohibited jurisdiction is not sufficient to trigger a KYC check.”, says devans, the site’s former owner.
If a player attempts to register at Bustabit from within the United States, they will be prompted with the following message:
“Bustabit is not available in your region. Occasionally, this may be a false positive, such as when connecting through a proxy server in the United States of America. If so, please disable the service and try again, provided you are located and reside where such a service is legal.”
“Ultimately it’s up to the user to ensure that they always complies with their local laws.”, says devans in the official Bustabit BitcoinTalk thread.
The gameplay at Bustabit is provably fair. The rolls are calculated from the combination of a player’s server seed and client seed. Once created, the crash points cannot be tampered with by anyone.
You can verify that each random bust point belongs to the Bustabit hash chain by inputting any game hash here. For more information on the validity of each game, check out Bustabit’s 4th Seeding Event thread on BitcoinTalk.
Regarding security, if you happen to find a bug in the Bustabit website, players are encouraged to contact site administrators immediately. Bustabit will offer you a payment proportional to the severity of the bug, paid in Bitcoin. You can report any bugs you find using Bustabit’s support form.
The house edge is 1%, which means that on a 1 BTC wager, Bustabit expects to earn 0.01 BTC.
Of course, that will never be the case for an individual wager. On a 1 BTC bet, the house will either lose money or win the entire 1 BTC. But over a very large number of wagers, the casino’s profit can be expected to approach the sum of all wagers multiplied by the house edge.
Since Bustabit is a real-time, networked game (a game that your client talks to over the internet), there is a delay between the time that you click the cash out button and the time that the server receives your cash out event.
The farther you are from the server and the worse your internet connection is, then the longer it takes for your events to reach the Bustabit game server. Under perfect circumstances, your message can travel to the server at the speed of light, but it still takes light 134 milliseconds to travel around the world.
The best tool against network lag is to use the auto cash out feature. Since your auto cash out is sent to the server before the game starts, the server can cash you out regardless of lag.
For example, if you are on a bad connection and you want to cash out at 2x, then we recommend setting your auto cash out to 2x instead of relying on your client to send the manual cash out button-press in time.
Bustabit highly recommends using the auto cash-out safety feature to set a maximum multiplier. Since your auto cash out is sent to the server, it works even if your client has completely disconnected. It is the most reliable way to avoid loss on an unreliable internet connection.
Green Train S.R.L. is a registered company in Costa Rica with corporate number 3-102-912195.
There are a handful of support channels available to players at Bustabit including support tickets, BitcoinTalk, Twitter, or by using the chat box located directly on the site. The in-site chat box is the fastest customer service resource, but if you opt to open a support ticket, simply click the “Support” tab under the “User” section of the website.
Bustabit is only equipped to accept Bitcoin. Any other currencies (such as Bitcoin Cash) sent to your deposit address will not be credited to your account and cannot be returned to you. As such, all player balances are denominated in Bitcoin, called bits.
Bits are not a distinct currency but just another unit of Bitcoin, like cents are to dollars. 1 bitcoin is always equal to 1,000,000 bits. In other words, 1 bit is equal to 0.00000100 bitcoin.
As the price of Bitcoin is constantly changing, the value of bits does not stay the same either. You can use bustabit’s chat bot to conveniently check how much bits are worth in other currencies at current prices. For example, try typing !convert 1000 bits USD in chat to find out what the value of 1,000 bits is currently in US Dollars.
Do you take the conservative route and cash out at 1.1x your original bet, or do you chase the 100,000x multiplier? Players looking for a quick 2.00x multiplier double up will be excited to learn that it only takes 10 seconds to double your investment.
Bustabit instantly credit accounts after a single confirmation from the network. Deposit addresses will continue to work indefinitely. All payments to these addresses will be automatically credited to your account.
Old deposit addresses will continue to work indefinitely. All payments to these addresses will be automatically credited to your account. However, to protect your privacy you should avoid using the same deposit address more than once.
Please double check that you are sending the right tokens to your deposit account. If you send the wrong tokens to the wrong deposit address, your money could be lost forever, and Bustabit will not be able to provide any help in retrieving them.
There is a very small fee that needs to be paid for each deposit you make. This fee is not immediately charged, but exists “unpaid” until you make a withdrawal or transfer.
The rationale behind this fee is because there is a small processing cost associated with every Bitcoin transaction. This cost is generally pretty minor and most services generally instead bake it into the withdrawal fee. However by separating it out as it’s own fee, Bustabit is able to accurately model true costs, and offer the most competitive fees possible.
If you don’t want to wait for your deposit to be confirmed, a pre-credit option is available for a 1% fee. Not all deposits are eligible to be pre-credited and your pre-credited balance cannot be withdrawn, tipped, or invested until your deposit confirms.
All Bustabit users must verify an email address in order to initiate a deposit.
Part of your balance may not be withdraw-able if you have unconfirmed pre-credited deposits or are participating in the current game. As such, only choose a non-immediate withdrawal if you are prepared to wait at least 24 hours.
Your withdrawal will be sent from the Bustabit hot wallet, so do not withdraw money to any site that uses the sending address, or returns to sender, because any returns may probably be credited to a different player.
For maximal privacy, make sure to use a Segwit enabled address (should start with 3) and use a fresh address for each money transfer.
Players at Bustabit can bet money on the house (i.e. become bankrollers), and their bet is added to the bankroll such that they win when the house wins and they lose when the house loses.
The bankroll itself is the pool of money that the house uses to pay out winners that bet using the Bustabit multiplier. The max profit that players can win from a round of the game is determined by the size of the bankroll. The larger the bankroll, the more money players can win.
No money will be added to or subtracted from your account’s balance. Instead, the value of your stake will simply increase or decrease over time as players bet. For example, if the bankroll is 200 BTC and you have invested 10 BTC, your stake is 5%. A player losing 1 BTC would increase the size of the bankroll to 201 BTC and the value of your stake–which is still 5%–to 10.05 BTC.
Since the bankroll’s profits (and losses) depend on how much players bet and how lucky they are, it’s not possible to accurately predict future returns. DiceSites.com tracks several figures such as Bustabit’s wager volume and the bankroll’s profit over time, which can help you gauge the returns you can expect.
Whenever the bankroll’s profit exceeds its previous all-time high, Bustabit will receive a commission on the profits exceeding the previous all-time high. For example, say the bankroll’s profit all-time high is 100 BTC, its current profit is 99 BTC and players combined lose a total of 4 BTC in a round. 3 BTC of that is net profit (exceeding the previous all-time high), so with a commission rate of 60% Bustabit would receive 1.8 BTC and the remaining 2.2 BTC would go to the bankroll. The commission is charged in real time, so investors can invest and divest whenever they like.
The commission rate is calculated by converting the bankroll to special drawing rights (XDR) using the average exchange rate of the past 180 days, then dividing the result by 55,000,000 XDR. The reference exchange rates for Bitcoin and special drawing rights are updated every 24 hours and are made available at /bankroll_stats.csv.
To capitalize on the dilution fee system, you will want to bet as much money as you can on the house as early as possible. As you maximize your stake, you maximize your claim on future dilution fees.
When Bustabit was sold in February 0f 2018, both instant busts at 0.00x and the free player finish bonus were removed. In the site’s BitcoinTalk thread, site owner “devans” had this to say about bonuses on Bustabit:
“Although the bonus was one of bustabit’s most interesting features and I am sad to see it go, our experience has shown that most players didn’t consider the bonus an important part of the game. Consequently only a handful of players benefited from the bonus at the expense of all other players that ignored it.”
“Despite the house edge being increased in v2, the majority of players are likely better off in terms of expected value thanks to the removal of the bonus system.”
To date, Bustabit does not offer any kind of deposit bonus, free bets, or no deposit bonus to try out at the casino.
Bustabit’s sleek user interface is simple, yet effective when opened from any laptop, desktop computer, or mobile device – There is no client required for users to download, the in-browser software used for the betting platform functions seamlessly without lagging.
Bustabit is the most popular crash graph gambling site in the world. The site does not offer any additional Bitcoin gambling games including casino games, bingo, or dice.
For millions of people, gaming is a form of entertainment, but for some individuals who may have a gambling problem, it can be very difficult to stay away.
Bustabit acknowledges compulsive gambling behavior and even provides a link to GambleAware and Gamblers Anonymous in their FAQ under the Gambling Addiction sub-topic. Read more about Bustabit’s commitment to responsible gambling.
Responsible gambling is a very serious topic and is actually one of the first factors we investigated when conducting this Bustabit review. We advise everyone to proceed with caution at any online gambling site that does not have this information readily available to all customers.
