Paying ii89 in Bitcoin: what to expect

Can you use crypto at ii89?

Yes, Bitcoin, for deposits. ii89 credits a Bitcoin deposit from AU$10 once the network confirms it, usually within 10–30 minutes. The Bitcoin network charges a fee for the transfer; ii89 charges nothing. Bitcoin is the only cryptocurrency ii89 accepts, and it can't receive payouts: winnings go out by PayID, Skrill, Neteller or Payz, within 5 minutes, from AU$30.

What is Bitcoin, in plain terms?

Bitcoin is a digital currency that moves between users without a bank in the middle. Instead of an account number, each payment goes to an address, a long string of letters and numbers. A worldwide network of computers checks payments and adds them to a shared ledger, the blockchain. Your coins sit in a wallet: an app or exchange account that holds the keys needed to send them. The secret recovery words for that wallet, the seed phrase, are what give you control of the coins, which is why you never share them.

How is a Bitcoin deposit different from a PayID deposit?

Both start with you sending money from an app you control. After that, they work quite differently.

The trade-off is plain: Bitcoin lets you use coins you already own, at the cost of a wait, a network fee and less room for error. If you don't already hold Bitcoin, PayID does the same job faster. The ii89 PayID overview explains it.

What do you need before you start?

• Bitcoin in a wallet you can send from. That might be an exchange account or a wallet app on your phone. Exchanges can have their own rules about sending to gambling sites, so check with your exchange if you're unsure.
• A way to be paid. ii89 can't send Bitcoin back, so have a PayID registered with your bank or an active Skrill, Neteller or Payz account in your name.
• A budget in dollars. Decide what tonight is worth in Australian dollars, because Bitcoin's own value moves. Keep the deposit to that figure.

Should you send from an exchange or your own wallet?

Either can pay ii89. The difference is who holds the keys.

Sending from an exchange account is the shorter path. You buy Bitcoin with Australian dollars and send it from the same app. The exchange looks after the keys and your account recovery, and it also decides where you're allowed to send coins.

Sending from your own wallet app adds a step, since you first move coins from the exchange to the wallet. In return, nobody else holds your keys or sets rules on where you can send. The responsibility is yours too: if you lose the seed phrase, nobody can restore the wallet.

For a single deposit, the exchange route is simpler. If you use Bitcoin regularly, many people prefer their own wallet.

What happens between sending and seeing your balance?

When you send Bitcoin, your payment goes into a waiting area shared by everyone sending at that moment. Roughly every ten minutes on average, the network bundles a batch of waiting payments into a new block. Once yours is in a block, it is confirmed, and ii89 can credit it.

That's why a Bitcoin deposit takes 10–30 minutes rather than seconds. Sometimes the next block includes your payment straight away; sometimes it waits for a later one. Your wallet will usually show the payment as "pending" or "unconfirmed" during this time, then "confirmed".

What does the network fee depend on?

The fee is set by the network and paid from your wallet, and it behaves differently from a bank charge in three ways.

• Demand, not the amount. The fee reflects how busy the network is and the technical size of your transaction, not how many dollars you're sending. An AU$20 deposit and an AU$200 deposit can cost about the same to send.
• Higher fees go first. When the waiting area is crowded, payments offering a higher fee are picked up sooner.
• Your wallet sets it. Most wallets suggest a fee, and some let you pick slow, standard or fast. The standard option is usually the right one for a deposit you want within 30 minutes.

ii89 doesn't see or receive the fee. It is paid from your wallet on top of the amount you send.

What should you do differently on your first Bitcoin deposit?

Go slowly and keep it small. Make the first deposit AU$10 or AU$20, so you learn where the address appears, how your wallet shows the fee and how long confirmation takes in practice, all with little at stake. Do it when you don't need to play straight away, so the 10–30 minute wait doesn't tempt you to send a second payment. And set up your PayID or payout wallet the same day, so the return trip is ready before you need it.

How do you send a Bitcoin deposit, step by step?

1. Log in to ii89, go to deposits and select Bitcoin.
2. Enter the amount, from AU$10.
3. Copy the Bitcoin address ii89 gives you, or scan the QR code with your wallet app.
4. In your wallet, start a new send and paste or scan the address.
5. Check the address on both screens: the first six and the last six characters should match exactly.
6. Confirm the coin is Bitcoin and the network is the Bitcoin network.
7. Review the fee and send.
8. Save the transaction ID your wallet gives you. You only need it if something goes wrong.

How do you avoid sending Bitcoin to the wrong place?

A Bitcoin payment can't be cancelled or reversed once it's on its way, so the checks before you send do all the work.

• Never type an address. Copy and paste, or scan. One wrong character can send coins to an address nobody controls.
• Re-check after pasting. Some malicious software swaps copied addresses for its own. Comparing the start and end characters catches this.
• Take a fresh address each time. Get the address from the ii89 deposit page for every deposit rather than reusing one saved in your wallet.
• Watch the network setting. Wallets that hold several coins may offer more than one network. Choose Bitcoin.
• Start small the first time. A first deposit of AU$10 shows you the whole process with little at stake.

How do you keep your Bitcoin wallet secure?

• Store the seed phrase on paper, offline. Not in a photo, a notes app or an email.
• Use two-step sign-in on any exchange account.
• Keep the wallet app updated and download it only from your phone's official app store.
• Ignore unsolicited "help". Real ii89 support never contacts you first to ask for keys, codes or a "test" payment.

How does Bitcoin's price affect your deposit?

Bitcoin's value in Australian dollars changes constantly. Coins you bought for AU$100 last month may be worth more or less today. For a casino deposit, it's simplest to decide the dollar amount first, deposit that, and leave any other Bitcoin you hold untouched. Your ii89 balance and any withdrawal are in Australian dollars, so once your deposit is credited, Bitcoin's price no longer affects it.

What if the deposit doesn't show?

Work out where the payment is before doing anything else:

1. Less than 30 minutes since you sent? Wait. Confirmation is the likely reason.
2. Your wallet shows it as unconfirmed? It is still waiting for a block, usually because the network is busy or the fee was low. It will normally confirm in time.
3. Your wallet shows it as confirmed, but your ii89 balance hasn't changed? Contact ii89 live chat, open 24/7, with the amount, the date and time and the transaction ID.

Don't send another payment to hurry the first along. It won't speed anything up and makes both harder to trace.

How do you get paid if you deposited Bitcoin?

Your ii89 balance is in Australian dollars, whichever method funded it. When it reaches AU$30 or more, go to the withdrawal page and choose PayID, Skrill, Neteller or Payz. All four pay within 5 minutes with no ii89 fee, and the PayID time is guaranteed.

For example, with hypothetical figures: you deposit AU$50 in Bitcoin on a Friday evening, and it confirms 20 minutes later. You finish on AU$85 and withdraw it by PayID. It's in your bank within 5 minutes. If you then want Bitcoin again, buying it is a separate step on your exchange.

One thing to plan for: your first Bitcoin deposit is also the moment to check your payout route works. If you don't yet have a PayID or a payout wallet, set one up while you wait for the deposit to confirm. That way the 10–30 minutes isn't wasted, and nothing holds up your first withdrawal later.

Payout details by method are on ii89 withdrawal times, and the three wallets are compared on ii89 e-wallets.

Is Bitcoin the right choice for you?

Whatever you choose, set your spending figure first. ii89 deposit limits explains how to make it stick, and the ii89 banking overview compares all nine methods.

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ii89 Bitcoin questions