How to Buy Dash Cryptocurrency

Dash is an open-source protocol that originated as a hard fork from the Bitcoin blockchain. The coin gained notoriety for its unique approach to the market. Dash focuses primarily on privacy and transaction speeds. Consequently, Dash transactions are near-instantaneous and close to impossible to trace. To learn more visit our Investing in Dash guide.

We list the top 5 exchanges that offer the ability to buy DASH cryptocurrency with a credit card or debit card.

Uphold

Uphold is a commission-free desktop and mobile trading platform that gives you access to, and the opportunity to trade Dash (DASH) and dozens of other cryptocurrencies. They have been in operation since 2014 and now boast a very credible reputation with more than 1.5 million users worldwide.

One of the most unique features offered by the company is that you can trade directly across asset classes. This vastly improves efficiency and allows for you to avoid any unnecessary conversion fees. So, if you want to trade Bitcoin for gold, or vice versa, Uphold is the place you can do that.

The services spread on Dash (DASH) and other cryptocurrency ranges from 0.8% to 1.2% depending on the asset. This is the only fee you will have to think about though with Uphold being completely transparent and charging no commission. As a US trader, you will also be able to take advantage of the Uphold debit card that allows you to manage and spend funds directly in your account all while earning cashback and crypto rewards.

UK & European residents are prohibited from buying DASH.

For the full lowdown, see our Uphold review or visit Uphold to get started now.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

Kraken

Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.

From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including DASH.

The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.

This is our most recommended exchange for USA residents.

Read our Kraken Review or visit Kraken.

Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing DASH here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.

This exchange is best for Australia, Canada, Singapore, UK & international users. USA residents are prohibited from buying most tokens on this platform.

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

Gate.io

Gate.io was established in 2013, while it is not one of the most popular exchanges, they do offer a reputable trading platform with an easy to use interface for beginners while still maintaining robust and advanced charts for various types of skill levels including technical traders. They have a large number of altcoins including Dash (DASH) and they are often the first exchange to add new tokens. Best of all, they have a strong stance against any type of market manipulation.

This exchange currently accepts USA residents.

Read our Gate.io Review or visit Gate.io

Huobi

Huobi Global was established in 2013, they’ve since become one of the world’s largest digital asset exchanges with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the world. It should be noted that they do not accept USA or Canadian residents.

They are one of the top exchanges that currently offers Dash (DASH) trading opportunities.

Read our Huobi Global Review or visit Huobi Global.

What is Dash (DASH)?

Dash ‘Digital Cash’, is a cryptocurrency which was launched in 2014.  It has undergone multiple name changes throughout the years.  Originally titled Xcoin, the project was then renamed to Darkcoin.  A second rebranding took place in 2015, which saw the project find its footing under the name Dash.

What does it do?

Dash aims to provide the capabilities of Bitcoin, along with increased privacy measures.

How does Dash (DASH) work?

Underneath the hood, Dash is a complex machine.  This is due to the use of both miners, and masternodes.  Network miners operate on a proof-of-work model, which utilizes various mining algorithms.  Masternodes on the other hand, operate as proof of stake – meaning they are compensated based on the collateral Dash holdings.

This combination of POW and POS allows for a secure network, which also benefits from the speed, flexibility, and cost savings associated with POS models.

Projected Developments?

In order to ensure continued development of the network, Dash uses a model often touted as ‘self-funding’.  This entails a % of transactions fees being set aside into a network treasury fund.

Masternodes: 45%

Miners: 45%

Treasury: 10%

While developmental contributions on the Dash network can come from varying parties, the majority of this work is done by the ‘Dash Core Group’.

Underlying Ideology?

The overarching goal of Dash is to create a digital currency, which can be used on a global scale, as quickly and seamlessly as traditional credit cards, but with a few other perks.  These perks entail transaction privacy, near instant transactions, low transaction costs.

Acceptance and Controversies?

Dash has managed to attain a greater level of adoption when compared to the vast majority of projects.  While some of this is due to being much older than most projects, adoption is primarily due to what Dash can offer.

What Dash can offer however, is not just a pro, but a point of contention with many.  This would be level of privacy afforded through its use.  While Dash does indeed offer increased privacy when compared to other project like Bitcoin and Litecoin, there are those that do it better (namely Monero).  The train of thought here is that privacy shouldn’t be a grey area – a transaction is either private, or it isn’t.

Regulation?

As a decentralized cryptocurrency, which was founded as a fork of Litecoin (and by extension Bitcoin), it is widely viewed that Dash is not a security.  Rather, Dash is a digital currency.

This stance has been strengthened by endorsements from various entities, including the ‘Crypto Ratings Council’.  This Council, which consists of companies such as Coinbase, Circle, Kraken, and more, provides detailed analysis on the likelihood of whether or not an asset is a security.

It is important to note that ratings doled out by the CRC are not official.  While they are greatly beneficial, government regulators such as the SEC may have differing opinions.

Who Made It?

The original Dash whitepaper was released in 2014.  Its creation is widely credited to a pair of individuals – Evan Duffield and Danial Diaz.