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We feature the top brokers and exchanges that offer the option to buy Dash Coin (DASH) with a credit card or debit card. For larger sums you can also send a wire transfer. We list exchanges and services based on personal experience, and reputation. Please view the risks associated with the Dash Coin and cryptocurrency trading at the bottom of this page. Also access our affiliate disclaimer.
How to Buy Dash (DASH) with a Credit Card
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.
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’.
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.
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.
Dash Coin Cryptocurrency Trading Risk Disclaimer
There is a very high degree of risk involved in trading securities, and this trading risk is higher with Cryptocurrencies such as DASH due to markets being decentralized and non-regulated. There is no central bank that can take corrective measure to protect the value of Cryptocurrencies in a crisis or issue more currency. You should be aware that you may lose a significant portion of your portfolio.
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All information contained herein should be independently verified and confirmed. We do not accept any liability for any loss or damage whatsoever caused in reliance upon such information or services. Please be aware of the risks involved with any trading done in any financial market. Do not trade with money that you cannot afford to lose. When in doubt, you should consult a qualified financial advisor before making any investment decisions.
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