IOTA Slots – How Do They Work?

Cryptocurrencies have become pretty prominent in the online gaming world lately. Case in point, IOTA slots are more prevalent today than ever.

You may have no clue about IOTA (a.k.a. MIOTA). Cryptocurrencies in general are a relatively new concept — let alone a specific one.

That said, I’m going to cover more on IOTA and how slots involving it work.

What Is IOTA?

MIOTA, commonly known as IOTA, is a unique cryptocurrency. Unlike Bitcoin and many other cryptos, it doesn’t rely on blockchain technology.

Instead, it uses the “tangle,” which is based on a mathematical concept called directed acyclic graphics.

One highlight to IOTA is that it doesn’t involve fees. No miners are used in this decentralized project, meaning nobody needs to be paid.

At base level, IOTA can complete 1,000 transactions per second. However, the network becomes faster with more people using it.

How Do You Play IOTA Slots?

The first step to playing slots with IOTA involves buying this crypto. You’ll first need to visit a fiat-to-crypto exchange, like Coinbase or Gemini.

Here, you’ll have to buy a common cryptocurrency, such as Bitcoin or Ethereum. You can then transfer your BTC or ETH to another exchange that sells MIOTA.

Once you’ve secured IOTA, the next step is to send it to an online casino. For this, you simply need to find a gaming site that accepts IOTA.

The casino will feature an IOTA option in their banking section. Choosing this option will reveal a wallet address.

You use this wallet address to send IOTA to the casino. Once the transfer is initiated, you’ll only have to wait a short while to receive the funds.

Is It Worth Playing IOTA Slots?

Yes, if you like the idea of cryptocurrencies. MIOTA is just as good as any other crypto with regard to slots.

You should realize, though, that cryptocurrencies can be quite volatile. As long as you’re okay with fluctuating prices, then you should be perfectly fine with IOTA.