If you are wondering , how and where to buy Dash in a fast and safe way from a regulated broker - this guide is for you.
Founded in 2014, DASH is today one of the most recognized cryptocurrencies around the world. The decentralized peer-to-peer network was built to allow the currency to move profitably and easily. Today, DASH cryptocurrency is accepted by a wide range of retailers and provides greater privacy and user-friendliness than fiat currencies.
Where to buy DASH cryptocurrency - Best platforms
Below are four of the best cryptocurrency platforms, which listed DASH for purchase, alongside other cryptocurrencies.
1. eToro - Overall the best broker to buy DASH cryptocurrency.
eToro, a registered online broker that was founded in 2007, tops our list of the best places to buy DASH cryptocurrency. You can buy DASH on a spread basis only with eToro, so instead of paying traditional fees, your fee will be the difference between the bid and ask (bid and ask price). eToro charges a spread of 1%.
eToro covers more than 60 different digital assets in addition to DASH. Bitcoin, Solana, Cardano, ApeCoin, Dogecoin, Cronos CRO and XRP are some of the most popular tokens traded on eToro.
Traditional asset classes such as stocks, ETFs, FX, indexes and others are also available on eToro. If you want to buy DASH, but also want access to other digital assets, eToro Crypto Portfolio is a good option.
It is a passive financial instrument that allows you to buy a dozen different cryptocurrencies of different weights with a single investment. You won't have to bother with research or ongoing maintenance, as the wallet is managed by eToro.
As for supported platforms, you can buy DASH cryptocurrencies on eToro's main website or via its mobile app for iOS or Android. Download the eToro app via the website link below to make sure you are using the correct app.
eToro is well regulated - offering peace of mind to investors - including by the FCA, ASIC and CySEC.
2. Crypto.com - Popular application that allows trading of DASH cryptocurrency
Crypto.com has gained popularity in recent years after featuring Matt Damon in its commercials and F1 sponsorships. The site aims to provide its users with an exciting range of ways to make money from cryptocurrencies.
Not only can you buy DASH and more than 250 other cryptocurrencies, but it also offers leveraged trading, ways to earn interest on cryptocurrencies through its "Crypto Earn" program, and a metal VISA card for spending cryptocurrencies in stores.
When purchasing DASH using a debit card, Crypto.com charges a commission of 2.99 percent. However, the platform waives this price for the first 30 days after account creation.
Crypto.com also has a mobile wallet that supports over a hundred different digital currencies and is also a DeFi wallet, supporting multiple DeFi tokens.
Crypto.com also acts as a NFT market, allowing users to investing in NFT cryptocurrencies, such as Ethereum and NFT trading.
3. Coinbase - A user-friendly way to purchase DASH cryptocurrency instantly.
Coinbase may be the right broker for you if you are looking for a very beginner-friendly coinbase platform that allows you to buy DASH cryptocurrency with a single click. This established platform, which was founded in 2012, is currently listed on NASDAQ. Coinbase has a solid reputation in the market, with tens of millions of users.
To buy DASH cryptocurrency On Coinbase, you must first create an account and upload identification. Then, with a Visa or MasterCard deposit, you can pay for your cryptocurrencies right away. At Coinbase, the cost of buying DASH cryptocurrency with a debit or credit card is almost 4%, which is quite high.
In addition to DASH, Coinbase has 100+ other cryptocurrencies, making it a useful platform for those looking to diversify. Despite the fees for the main platform, it has top-notch security protocols and does not offer the Coinbase Pro platform, which has lower fees, starting at 0.4% "taker" fee for the Pro version.
When you check into your account from a new device or IP address, for example, you will be asked to confirm your identity with an email code. In addition, all account users must enable two-factor authentication. Client cryptocurrencies are also kept offline 98 percent of the time.
4. Binance - trade DASH cryptocurrency at 0.1% per transaction
Binance is another good option for DASH trading with low fees. This top-notch exchange is currently used by more than 100 million registered users, thanks to its low costs. Its trading fee is 0.1% or less when you register via a Binance referral link and use the BNB To pay commercial fees.
However, the first time you buy cryptocurrencies with a debit or credit card, the fees are on the higher side at 4.5 percent, so this is the platform best used for trading cryptocurrencies you bought elsewhere, such as on the eToro. Many traders open accounts on the two platforms and then send some to themselves to trade with them on Binance.
You will have access to more than 600 other cryptocurrencies on Binance . This includes both large-cap blockchain assets, such as Bitcoin, Ethereum and Cardano, as well as the less liquid ERC-20 tokens.
Binance provides a variety of storage choices regardless of how you want to pay for your DASH investment. This includes its own Trust Wallet software, which also provides access to PancakeSwap, a popular decentralized exchange.
What is the DASH cryptocurrency?
Dash has existed in one form or another since 2014. It was previously known as XCoin, and was created after founder Evan Duffield, who was dissatisfied with the speed of Bitcoin transactions, decided to create his own cryptocurrency with the goal of faster transaction speeds and greater anonymity.
Dash is a hard fork of Litecoin, which was forked from Bitcoin in the first place. The coin has a hard cap of 18 million Dash coins, which is less than Bitcoin's supply; this is already a promising sign that the price will climb even higher.
Unlike Bitcoin, the average block mining time on the Dash blockchain is 2.5 minutes, which is about four times faster than Bitcoin's average block mining time of about 10 minutes. Dash transactions are much faster than Bitcoin transactions, making it attractive for everyday use.
Masternodes, which form a second-level network on top of the first level, which consists of typical network miners, are some of the most technically crucial elements of the blockchain. PrivateSend is another technique that helps maintain fungibility by exchanging money between users.
This breaks the traceability of the coins, making the network safer because transactions cannot be traced and the cryptocurrency's history cannot be retrieved.
Dash's most prominent feature is InstantSend, which makes Dash transactions almost instantaneous.
Is DASH a good investment?
Here are some basic reasons why you should add DASH tokens to your portfolio.
Reduced entry price
DASH has fallen from its previous peak of $450 per token in mid-2021 to low levels of $50, where it currently trades in mid-2022.
This means that if you want to invest in this well-known cryptocurrency, you can do so at a very low cost, more than 85% discount compared to its previous ATH.
DASH versus stock markets
Another reason to consider buying DASH is that compared to the broader financial markets, digital currency still provides better returns.
The S&P 500, for example, is up 13% year-to-date, making it the best tool for assessing the development of the broader stock markets.
While these gains may be attractive to a long-term investor, DASH has gained more than 1000% in the same period (it used to be priced in the $2-10 range).
Easy diversification
DASH, according to several market observers, will eventually displace many large cryptocurrency projects as the de-facto smart contract blockchain.
On the one hand, given DASH's numerous competitors in this arena, including, among others Cardano, Avalanche and Polkadot, achieving this goal will be difficult. On the other hand, smart investors will diversify their stakes in many smart contracting ventures to cover all possible areas.
If want to buy DASH for example, on eToro, you simply need to make a minimum deposit of $10. As a result, you can allocate $10 to any of the above-mentioned cryptocurrencies that compete with DASH.
What are the risks associated with purchasing DASH?
So, now that we've discussed the key advantages of adding DASH to your portfolio, let's look at the main risks you should be aware of.
You will be able to make an informed decision about whether to purchase DASH cryptocurrency today if you consider the risks described below.
Volatility and speculation
Make no mistake: DASH is both volatile and speculative, as are virtually all cryptocurrencies. As mentioned earlier, the digital token peaked at $450 in 2021, only to fall to $40 in 2022.
Despite the fact that most cryptocurrency projects have witnessed a decline in value, it still represents an 80 percent drop in less than a year. As a result, if you decide to add DASH cryptocurrency to your portfolio, be prepared for significant fluctuations in volatility.
DASH cryptocurrency price forecast
When the cryptocurrency jumped back above the $100 level in late 2019 and early 2020, there was renewed hope. Dash hit a peak of $450 in 2021, but like many other cryptocurrencies of the last generation, it failed to establish a new "all-time high."
Some would see his second bull cycle, which failed to create a new ATH, as an "echo bubble," a bearish chart pattern.
On the other hand, the more than 50% drop to support has so far held and could propel the Dash to much higher values in the future.
Now that Dash is trying to establish itself as a viable alternative to traditional online payments, especially in places like South America, it may at some point retest its former highs or close to them. Dash has historically been a top-10 ranked cryptocurrency, although it is now #73 according to the CoinMarketCap.
How to buy DASH - a guide
Below we take a closer look at how to buy DASH step by step.
Step 1: Open an eToro account
To start investing in DASH, go to the eToro website and create an account. Fill out the registration form with your contact information and name.
Additional information, such as home address, date of birth , is required after clicking on the "Create Account" option.
Step 2: Identity verification
To buy DASH cryptocurrencies on eToro, you must first verify your identity. This process on eToro is automated, so you shouldn't have to wait more than 1-2 minutes after uploading the relevant documents.
Submit a clean copy of your state ID card, passport or driver's license to prove your identity. Select a bank statement or utility bill as proof of your housing status.
Step 3: Deposit funds
Before you can buy DASH cryptocurrency, you must first deposit a minimum of $10 into your eToro account. eToro accepts many different payment options, including Visa, MasterCard and ACH, to name a few.
PayPal and Neteller are examples of e-wallets that are accepted. As long as the payment type is denominated in U.S. dollars, your chosen deposit method will not incur any fees.
Step 4: Search for DASH
The search box is located at the top of the eToro dashboard. You can now start typing the word "DASH". DASH will be selected by eToro from a drop-down list of relevant markets. Click "Trade" when you see DASH.
Step 5: Buy DASH cryptocurrency
Now all you have to do is decide how much money you want to invest in DASH. It can be any amount in U.S. dollars, starting from $10. Click "Open Transaction" to confirm your investment.
How and where to buy DASH - the best ways
The payment method you choose will determine the best way to purchase DASH. You can choose from the following deposit types when you use one of the higher rated brokers:
Buy DASH with a credit or debit card
You will be able to buy DASH with a credit or debit card after opening an account with a regulated online broker, such as eToro or Coinbase.
The benefits of this payment method include the ability to invest in DASH tokens immediately, as the selected broker will immediately charge your card and then add the digital assets to your wallet.
On the other hand, some brokers impose exorbitant fees for credit and debit card transactions. Coinbase, for example, costs 3.99 percent, while the Crypto.com charges 2.99 percent. eToro, on the other hand, accepts USD credit and debit card deposits free of charge.
Buy DASH with PayPal
If you are looking for a way to buy DASH cryptocurrency using PayPal, the most commonly used platform for PayPal deposits is eToro.
Buying DASH without an ID card
If you want to buy DASH without going through the KYC (know your customer) process, you will only be able to do so if you can pay for it with cryptocurrency. This means that you can deposit Bitcoin and exchange the tokens for DASH through an unlicensed exchange.
But if you want to buy DASH with fiat money via credit/debit card or PayPal, you will almost always have to send some form of identification as part of the anti-money laundering procedure.
Best DASH wallet
After learning about investing in DASH cryptocurrencies, it is important to consider how you want to store your digital assets. Since DASH tokens are often stored in private wallets that can be downloaded as a mobile app or desktop program, these are.
Phantom Wallet, Sollet i Solflare Wallet are some of the major vendors in this market. These wallets allow you to have full control over your DASH cryptocurrencies, with private keys available only to you.
eToro Wallet - The safest wallet to store cryptocurrencies
As a result, you need to install various security procedures to prevent remote hacking of your DASH tokens. With this in mind, it's worth checking out the eToro Money cryptocurrency wallet if you're looking for a more beginner-friendly solution to store your DASH tokens.
The wallet, which is available for free on iOS and Android, is designed with inexperienced cryptocurrency traders in mind. Importantly, eToro can help you regain access to your wallet if you forget your password or misplace your private keys.
How to buy DASH - a guide
Below we take a closer look at how to buy DASH step by step.
Step 1: Open an eToro account
To start investing in DASH, go to the eToro website and create an account. Fill out the registration form with your contact information and name.
Additional information, such as home address, date of birth, is required after clicking on the "Create Account" option.
Step 2: Identity verification
To purchase DASH cryptocurrencies , you must first verify your identity. This process on eToro is automated, so you shouldn't have to wait more than 1-2 minutes after uploading the relevant documents.
Submit a clean copy of your state ID card, passport or driver's license to prove your identity. Select a bank statement or utility bill as proof of your housing status.
Step 3: Deposit funds
Before you can purchase DASH cryptocurrencies, you must first deposit a minimum of $10 into your eToro account. eToro accepts many different payment options, including Visa, MasterCard and ACH, to name a few.
PayPal and Neteller are examples of e-wallets that are accepted. As long as the payment type is denominated in U.S. dollars, your chosen deposit method will not incur any fees.
Step 4: Search for DASH
The search box is located at the top of the eToro dashboard. You can now start typing the word "DASH". DASH will be selected by eToro from a drop-down list of relevant markets. Click "Trade" when you see DASH.
Step 5: Buy DASH cryptocurrency
Now all you have to do is decide how much money you want to invest in DASH. It can be any amount , starting from $10. Click "Open Transaction" to confirm your investment.
How to sell DASH?
You may decide to sell your DASH tokens several weeks, months, or even years after making the purchase, depending on your preferred investment strategy.
If you followed our step-by-step instructions above and bought DASH cryptocurrencies on eToro, your tokens will remain in your wallet until you are ready to sell.
eToro does not impose custody costs, and cashing out is as simple as going to your wallet and placing a sell order in the same way as a buy order.
Application
DASH has underperformed Bitcoin and other cryptocurrencies since the bull market ended in 2017, but it can be a good investment for patient investors who like to buy undervalued projects at low prices, as the DASH price is now back at historical support levels, spending much of 2022 in double digits. The project's underlying blockchain allows for fast, low-cost transactions on a massive scale.
If you want to add DASH to your wallet right now, the process at FCA-regulated provider eToro takes just a few minutes. Using a debit/credit card, bank transfer, Paypal or e-wallet, you can buy DASH with a minimum deposit of $10. You can also copytrade a professional trader or Smart Portfolio to diversify into other cryptocurrencies.
FAQ
DASH has a lot to offer, especially compared to competitors such as the Ethereum blockchain network. But because DASH is speculative and volatile, you should weigh the risks before buying any cryptocurrencies.
DASH has become a multi-billion-dollar asset class with dozens of exchanges and brokers. As such, it's a good idea to do some research to make sure the platform you choose is safe - and that it has cheap trading fees. In this regard, FCA-regulated broker eToro is an excellent choice, as it allows DASH investments on a spread-only basis.
Yes, DASH was listed on Binance in October 2017.
DASH is not on PayPal's list of approved cryptocurrency markets. eToro, an FCA-regulated broker, accepts PayPal when purchasing DASH.
Yes, DASH was listed on Coinbase in September 2019.
Yes, DASH is available on eToro as of November 2019.
The views and opinions expressed here are solely those of the author and should not be taken as financial advice either. Every investment and transactional activity involves risk, so you are advised to do your own research when making any trading, investment or financial decisions.
