Best IOTA Casinos 2022
IOTA (MIOTA) is a blockchain that aims to function as the backbone of the Internet of Things economy. MIOTA, the native token of the IOTA network, allows IoT devices to exchange MIOTA tokens with each other through a consensus method called Tangle.
The IOTA network is one of the fastest cryptocurrencies on the market today, enabling crypto casino players to withdraw their profits from a casino site in minutes. With that being said, we have put together the below guide to help you get the most out of your IOTA in 2022!
Latest IOTA Casino Bonuses and Promotions
IOTA casino sites not only provide higher betting limits and instant withdrawals, but they also provide competitive promotions and bonuses.
When you sign up for a MIOTA casino site, you will be able to select from a range of benefits, such as special promotions, new account bonuses, cash bonuses, free spins, and, in some cases, IOTA casino games with no deposit bonuses.
Some of the most common IOTA casino promotions and bonuses are as follows:
- Matched deposit bonuses: This sort of promotion gives a bettor a percentage bonus on their first deposit into an account. A 100% matched deposit bonus, for example, will provide a player depositing $500 with an additional $500 in bonus credit to play with
- Cash bonuses: Instead of matched deposit bonuses, many sites offer simple cash bonuses as a welcome bonus, such as a $150 cash welcome bonus
- Reload bonuses: This type of bonus is usually granted to the second, third, or subsequent deposits made to an account. Most reload bonuses are offered in the form of smaller matched deposit bonuses, such as a 50% reload bonus, or smaller cash bonuses
- Free spins: This is one of the most popular promos, and it gives players free spins on MIOTA slots or MIOTA roulette
Signing up for a VIP program at a MIOTA casino is another great way to receive access to additional benefits. Most crypto casinos include VIP programs that award players with free spins, extra cash, and other perks on a point-based or level-based structure.
When special IOTA casino promo codes or bonus codes become available, they can be used to gain access to greater bonuses or other benefits. You can find Coin Clarity’s current list of the best crypto casino sites in 2022 (that includes exciting promo codes) in the table at the top of this article.
What IOTA Casino Games Can I Play?
The casino games provided by cryptocurrency casinos that accept IOTA are similar to those offered by traditional fiat currency casino sites. After making your first deposit at an IOTA casino, you’ll find some familiar table games, including (but not limited to):
- Classic Blackjack
- European Blackjack
- Texas Hold ‘Em
- Caribbean Stud
- Monopoly Roulette
- Double Ball Roulette
- Japanese Roulette
When it comes to poker or blackjack, the majority of IOTA casino sites host regular tournaments, with many sites offering freerolls as deposit and welcome bonuses. The availability of instant withdrawals is the major differentiator between traditional fiat currency casinos and online crypto casinos.
How to Deposit IOTA at Online Casinos
Once you have finalized the steps involved in the “How to Buy IOTA” section below, you’ll need to transfer your IOTA funds to a casino site by creating a new IOTA transaction. The basic steps required in making an IOTA deposit transaction are identical to sending other major cryptocurrency transactions such as Bitcoin or Ethereum – all you’ll need is the IOTA wallet address on the casino site you wish to deposit to.
Creating a new IOTA transaction is relatively simple, you’ll first need to navigate to your IOTA wallet on your chosen exchange and then create a new withdrawal request. Next, copy and paste your casino site wallet address into the destination field – you can find your wallet address and these details in the “account” or “wallet” section of the exchange. Once you’ve pasted the destination address into the field, your IOTA will hit your account within minutes of you clicking “send”.
Currently, players have several different deposit methods to choose from including:
- Mastercard Debit or Credit Card
- Visa Debit or Credit Card
How to Withdraw IOTA at Online Casinos
If you’re ready to withdraw your MIOTA winnings from your crypto casino site, you’ll need to go through similar steps as you did when you were depositing it. Your IOTA casino site will require an IOTA wallet address to transfer your winnings to – the type of wallet you use to receive your winnings will differ depending on whether you want to sell or store your IOTA.
If you’d rather sell your IOTA winnings for fiat cash or trade them for other cryptocurrencies, you must give a cryptocurrency exchange wallet address to your casino site. If you bought your IOTA following the instructions given in this article, you’ll be able to withdraw your IOTA back to your exchange account wallet address.
If you want to save your IOTA and spend it later, you’ll need to withdraw your winnings into a crypto wallet. Software wallets and hardware wallets are typically regarded as significantly more secure methods of storing your cryptocurrency.
Using IOTA to Bet Online: What You Need to Know
Despite the relative ease with which IOTA may be used to bet on casino sites as compared to betting with fiat currency, there are several significant differences between crypto and fiat betting on casino sites that must be considered. When you bet with IOTA online, the best practices and advice listed here will help keep your IOTA coins and personal information safe.
- Anonymity: Because IOTA is a public blockchain, transactions can be traced back to their original wallets. If you successfully complete the ID verification process on an exchange, IOTA transactions sent from your exchange wallet may be connected to your identity. Check out Coin Clarity’s current casino guide to Monero for the latest information on the anonymous cryptocurrencies for sports betting and casino sites
- KYC requirements include: Crypto casino sites are less likely to ask bettors for Know Your Customer (KYC) information and, in certain cases, offer KYC-free or anonymous casinos. However, a site that is required to comply with KYC requirements may request KYC identity data before making a significant payout
- Security: IOTA transactions are not just extremely fast, but they are also irreversible. It is critical to only deposit on recommended sites with verifiable reviews when betting online using IOTA. To keep your funds safe, always enable additional security features such as two-factor authentication (2FA) on your betting sites and exchange platform
Choosing the Best IOTA Casino
IOTA is an altcoin that, unlike major cryptos such as Bitcoin, isn’t accepted at every single crypto casino online. The casinos that do accept IOTA as a banking option, however, offer players a variety of different benefits and features. It’s important that you check to make sure the site you choose offers the features you want before making a deposit.
Certain IOTA casino sites, for example, may not cover every casino game and instead concentrate on live poker, blackjack, or other game types. Before signing up and making a deposit, it’s a good idea to look over the games available as well as other aspects such as KYC requirements and payout speed.
Look for the following elements before signing up for an IOTA casino site:
- Mobile device compatibility: If you want to play IOTA on sports from your smartphone or tablet, look for a casino that provides a mobile browser version or a dedicated app
- Live assistance: Some websites offer simple email support, while others offer live chat support 24/7
- Promotions and bonuses: Some websites provide considerably better bonuses and promotions, as well as exclusive promos and bonus codes
- Payout speed: It is best to select sites that allow you to withdraw your cryptocurrency instantly. A list of the fastest paying casino sites can be found in the table at the top of this article
IOTA can be used as an alternative to fiat currency for casino sites, allowing players to access a wide range of features provided by crypto casino sites. The major benefit of using IOTA to play casino games instead of USD, EUR, or other fiat currencies is the speed with which IOTA transactions are executed – unlike bank transfers, which can take days, IOTA transactions are done in seconds.
In addition to offering bettors near-instant transactions and payouts, IOTA casino sites provide a number of additional benefits. When compared to traditional betting sites, crypto casinos are significantly more decentralized, allowing them to offer more relaxed Know Your Customer (KYC) standards.
In addition, cryptocurrency casino sites also provide high deposit and withdrawal limitations, as well as high betting limits. In many cases, the promotions and bonuses offered by MIOTA online casino sites are also highly competitive.
If you already have IOTA and want to start playing online casino games with MIOTA, you’ll need to find a crypto casino site that uses MIOTA as a banking option. If you don’t already have MIOTA, you’ll need to purchase it or exchange other cryptocurrencies for it – read the following “How to Buy IOTA” section for a brief overview of the best ways to buy IOTA online.
How to Buy IOTA
IOTA is a highly successful cryptocurrency project, and it is available for purchase on the majority of cryptocurrency exchanges. Both Coinbase and Binance allow for direct purchases with a Visa or Mastercard.
The main steps involved in purchasing IOTA from Binance US are the following:
- Create an account on Binance or Coinbase
- Upload a photo of your ID to complete the KYC/ID verification process and activate card purchases
- Connect your Visa or Mastercard to your Binance or Coinbase account
- Purchase IOTA instantly
- Withdraw your IOTA to your chosen crypto casino, as described in the “How to Deposit IOTA at Online Casinos’ section
Frequently Asked Questions:
Q: Are IOTA casino sites safe?
A: IOTA casino sites are evaluated on their safety level in the same way that traditional sites are – at the top of this article, Coin Clarity curates a current list of the safest IOTA casino sites based on features such as payout speed, reviews, site security, reputation, and support quality.
Q: Is there a minimum deposit for IOTA casino sites?
A: Deposit limitations on crypto casino sites are often quite low — in fact, most sites do not set minimum deposit amounts, and maximum deposit limits can range from $5,000 to $10,000 on some sites. A site that offers welcome bonuses on new deposits, on the other hand, may have a minimum deposit of $10 to $50.
Q: Where can I bet with IOTA online?
A: IOTA can be used to bet on sports or deposited on IOTA casino sites to play casino games that include IOTA slots, IOTA roulette, IOTA blackjack, and IOTA poker. A growing number of horse racing sites, as well as several esports betting sites, now accept IOTA.
IOTA is a unique digital asset that offers near-instant transactions. Players who use IOTA on casino sites can totally control their funds and eliminate the need for intermediaries during the withdrawal and deposit process.
In addition to instant withdrawals and the ability to exchange winnings for any other cryptocurrency or fiat currency, IOTA casino sites offer high betting limits, high deposit limits, high payout limits, and more relaxed Know Your Customer (KYC) requirements.
So, if you’re looking for a cryptocurrency alternative for casinos that delivers rapid transactions and low transaction fees in 2022, IOTA is one of the best available options currently available!