Dash (DASH) is a cryptocurrency that was developed based on Litecoin. The Dash blockchain was launched in January 2014 by Evan Duffield who was based out of Phoenix. Duffield started planning and designing the Dash blockchain while working out of Arizona State University within a business incubator.
Many investors find Dash to be an attractive cryptocurrency to invest in due to the blockchain’s enhanced security measures. The Dash network validates blocks through a combination of masternodes and miners. All masternodes must be able to stake a minimum of 1,000 DASH through cold storage in order to validate blocks for the network. The blockchain’s “PrivateSend” feature ensures privacy, while the blockchain’s governance system is designed to maintain stability.
Dash has a market capitalization of around $679 million as of July 2020 and interestingly, they became the most popular token used in Venezuela in February 2019. Dash is currently trading at $71.20 a coin and its Dash/Bitcoin Ratio is 1 BTC = 129.11 DASH.
Where to Buy Dash?
There are several places you can go to buy Dash. The token is available at various cryptocurrency exchanges. Also, many online cryptocurrency brokers will provide you with access to the Dash CFD market. However, before you start trading or investing in Dash, you should first make sure that this digital asset is allowed in your country of residence and also, that you are dealing with a reputable exchange or broker.
Buy Dash from Brokers
Cryptocurrency brokers provide you with access to the cryptocurrency markets through a dealer network. With a broker, you as a trader never actually own the asset but instead, you are simply making a prediction of the direction that the price of the asset will move. The trading platform that a broker provides will include helpful charting features and technical analysis tools which can help you in making profitable trading decisions. Brokers will usually make money for their services by using a spread (the difference between the buy and sell prices of an asset), which can vary from broker to broker. Therefore, you should be sure to research the spreads offered on each platform before choosing a broker. Brokers also offer secure banking options, a choice of educational resources and professional customer support.
There are a variety of advantages to choosing to purchase Dash through a cryptocurrency broker. On the other hand, there are some disadvantages you should be aware of before making a decision to do so. Below are some of the pros and cons of cryptocurrency brokers.
Buy Dash (DASH) From Exchanges
Cryptocurrency exchanges are another method you may want to consider for accessing the cryptocurrency markets in order to make real profits. Exchanges are platforms where users can buy and sell cryptocurrencies using fiat currencies. On some exchanges, you can interact with other buyers and sellers with the exchange acting as the middleman for a fee per transaction. However, there are some positives and negatives associated with cryptocurrency exchanges. Below are some of the pros and cons:
One of the top cryptocurrency exchanges in the world which offers access to the Dash market is Binance. This exchange is widely popular and respected and processes more than 1,400,000 transactions per second. The exchange provides users with a variety of payment methods including, credit/debit card, peer-to-peer cryptocurrency exchange or a third-party payments provider. Binance users will also be provided with access to a professional and well-trained customer service team 24 hours per day, seven days per week.
Transactions are fueled by Binance’s native cryptocurrency, BNB which is also used for paying fees on the exchange. BNB can also be used to make in-store payments on the Binance platform. Also, the taker side of an order will receive a discount on the transaction costs if BNB is used.
Another cryptocurrency exchange which provides the opportunity to invest in Dash is Kraken. Started in 2011, Kraken is now one of the most reputable and dependable cryptocurrency exchanges available. Jesse Powell founded Kraken with the objective of enabling as many people as possible to be able to access the amazing opportunities offered in the cryptocurrency markets.
Along with Dash, you will also have the option of trading numerous other cryptocurrencies including cryptocurrency indices which are something that most cryptocurrency exchanges provide. A crypto index is made up of a selection of cryptocurrencies which have been grouped together and weighted by market cap. Kraken also allows you to trade Bitcoin futures using leverage, essentially acting as a cryptocurrency broker.
Also, the Kraken trading platform is well-designed to be as user-friendly as possible. Traders will easily be able to learn how to use the various features in no time.
Buy Dash from a DASH ATM
One unique feature of the Dash network is the numerous ATMs available in various locations around the world. These machines allow you to purchase Dash instantly for reasonable fees. You will be able to purchase any amount and at any time. Most of the ATM locations are located in the U.S. and Europe.
Here are some of the pros and cons of using a Dash ATM:
Compared to most other cryptocurrencies, Dash is one of the more attractive choices within this exciting and lucrative asset class. The enhanced privacy design shows foresight on the part of the developers of Dash. This is something that will become increasingly more important in the world financial system, especially when it comes to transacting and trading cryptocurrencies. Dash’s “privacy feature” makes it advantageous compared to Bitcoin and other tokens.
The increasing adoption of Dash in the global financial system will tremendously help the Dash blockchain grow and thrive. This will mean that the demand for Dash tokens will also be on the rise. Therefore, the market price of Dash may also experience appreciation. Do not miss out on the lucrative opportunity. Start investing in Dash today.