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How to Buy Dash Cryptocurrency

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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 3 brokers that offer the ability to buy DASH with a credit card or debit card.

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.

Read our Binance Review or visit Binance.

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

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.

Read our Kraken Review or visit Kraken.

Poloniex

Poloniex was founded in the US in 2014 and has quickly risen to become a very popular exchange of choice for many crypto traders looking to combine a strong range of assets, with great value. They are continuing to expand their asset range all the time, with more than 100 different pairs choices including DASH. With a recently revamped look, the exchange is also looking more professional than ever with trading in futures and on leverage of up to 100:1 also now available to access.

Read our Poloniex Review or visit Poloniex.

Best for

Advanced Traders

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Ease of Use

Trading Fees

0.10%

Trading Fees

0.16%

Trading Fees

0.125%

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Discount Code: EE59L0QP

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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.

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Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

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ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

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This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

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