Cryptocurrencies have resolved several challenges in virtually all spheres of our global economy, however, the sector that cryptos have had more impact in, is the financial space. Bitcoin (BTC) was created to bridge the gap between the people and financial institutions, making it possible for people to be more in control of their finances. The decentralized nature of cryptocurrencies was meant to ensure that people would not be affected by issues, such as economic downfalls, since the control of their finances would be in their hands.
While the crypto sector has evolved over the last decade, decentralization and privacy remain core to the principles of cryptocurrencies. The privacy-focused cryptocurrencies are gaining the attention of more people due to these features. Privacy cryptocurrencies continue to uphold the true intentions of Satoshi Nakamoto, the supposed developer of Bitcoin, who believes that people should be able to carry out transactions anonymously, without revealing their identities or any confidential information.
One such cryptocurrency that offers these features is Dash. Asides Monero, Dash, is currently the most popular privacy-focused cryptocurrency in the world. Dash has undergone several transformations over the past six years and it is described as the first privacy-centric cryptographic cryptocurrency that is based on Satoshi’s work.
Dash remains one of the leading cryptocurrencies in terms of market value, thus, making it a highly attractive crypto for investors. For this reason, Dash is easily bought, sold, and traded on multiple platforms, such as crypto exchanges, P2P exchanges, and CFD brokerages. Although Dash remains a privacy-focused cryptocurrency, it has also become a payment cryptocurrency. It continues to appeal to several people as a medium of transaction. According to their official website, Dash is a cryptocurrency you can spend anywhere.
Combining its privacy and payment features, Dash has become an excellent medium of transaction. You can pay for goods and services anonymously using Dash, without encountering any challenges. Thanks to its features, investors could be looking to purchase it more in 2020. If you are one of those investors, then we will discuss everything you should know about Dash investment and trading.
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Should I Buy Dash?
While Dash currently remains one of the top 30 cryptocurrencies by market cap, it is good to know some of the features it has that makes it an attractive option for investors. As an investor, it is always essential to understand what a cryptocurrency has to offer before you buy it. Cryptocurrencies with working projects tend to gain more users and ultimately, have a better value in the long run. Here are some reasons why investors should buy Dash.
One of the most significant selling points of Dash is the privacy features it offers to users. As a payment cryptocurrency, Dash provides its users the option to make and receive payments anonymously. The features, such as PrivateSend and others deployed by Dash, help break the traceable history of the coins, thus, making it impossible for anyone to track transactions on the network. This is a powerful feature as it allows people to make certain transactions anonymously, without having to reveal their identities. This feature could also play a role in Dash gaining more adoption in the future.
Scalability is something that blockchain networks continue to work on as they seek improvement in transaction speed. This is one aspect that Dash has gained headway thanks to the InstantSend feature on the network. The InstantSend feature allows people to send Dash coins instantly, making it a perfect cryptocurrency for day-to-day payments. The InstantSend is designed in such a way that transactions are confirmed and completed within seconds. Thus, no time is wasted when sending money and confirming payment transactions.
Efficient Processing Power
Dash is more effective in terms of energy compared to a wide range of cryptocurrencies. It uses the X11 algorithm, which is a modification of the Proof of Stake algorithm. Dash uses masternodes when it comes to confirming transactions, which means that less power is needed to verify transactions on the network. The presence of masternodes also ensures that transactions on the Dash network are carried out faster. Thus, the efficient processing power of the Dash network also boosts its transaction speed.
These features make Dash an exciting cryptocurrency as it is primed to gain more adoption over the next few years. As more merchants accept Dash, the cryptocurrency will gain more users, and ultimately, an appreciation in price will follow.
Is It the Right Time to Buy Dash Today?
Buying Dash today would be an excellent decision as the cryptocurrency could surge higher in the coming months and years. Here are two crucial reasons why you should invest in Dash:
• More Adoption
As a privacy-focused cryptocurrency, Dash is gaining widespread adoption as a payment option. The presence of PrivateSend and InstantSend features makes Dash an enticing cryptocurrency as it allows people to send payments instantly and privately, thus, more people will prefer to use Dash over other cryptocurrencies. As a result of this, this will lead to a growth in market value and price. This makes today an excellent time to buy Dash.
• Low Price
At the moment, Dash is trading at $44, which is some way off its all-time high of $1,100. While the cryptocurrency market remains on a bearish trend, it is expected that things will change, and the market would rise again. When that happens, it would make sense that you have already purchased Dash so you can enjoy the increased price and profits. Based on this, the best time to invest in Dash and make massive profits is today. Alternatively, you can also trade Dash daily and earn money doing so using contracts for difference (CFDs). CFD trading provides an option to make massive profits trading Dash thanks to the leverage available for trading the asset.
Is it Safe To Buy Dash?
Yes, it is. Dash remains of the leading cryptocurrencies; thus, making it easy to buy it. There are several cryptocurrency exchanges that support Dash, and you can easily purchase the cryptocurrency from them. Similarly, Dash is available for purchase directly from other traders on peer-to-peer crypto platforms. Thanks to Dash’s decentralized nature, you can purchase it on virtually any exchange. The Dash you buy can then easily be stored in cold wallets, like Trezor and Ledger. Also, Dash is supported by several online wallets and as a result, saving the Dash you buy, will not present any problems for you.
For traders who wish to make profits on Dash without holding the cryptocurrency, then CFD trading is the best option. You can trade Dash on CFD brokerages and make massive profits without holding the coin in your wallet.
Thanks to the leverage offered by CFD brokers, you stand to make massive profits trading Dash compared to what you will get trading them on regular exchanges. Based on these benefits, it is better to trade on CFD brokerage platforms rather than buying Dash and holding it in your wallet.
Is Dash Safe and Legal?
While Dash is a privacy-focused cryptocurrency, it is perfectly safe and legal to use. At the moment, over 4,800 merchants and services accept Dash as a means of payment. Dash is yet to encounter any problems with regulatory bodies. Thus, it is okay to buy and trade Dash on the over 200 exchanges supporting it.
Dash continues to work towards making the cryptocurrency a leading payment crypto in the world. The fact that the payment volume in the third quarter of 2018 reached $1.8 billion makes Dash an attractive cryptocurrency. Overall, it is safe and legal to buy, trade, invest and use Dash.
Where to Buy Dash?
Dash is one of the top 30 cryptocurrencies by market cap. This makes it easier for people to buy and sell. Dash can be purchased from several platforms. Here are the places you can buy Dash:
CFD brokers have become a popular destination to purchase Dash. It is ideally suited for traders as the leverage offered by CFD brokers makes it worthwhile to trade Dash and to make more profits. Another advantage of trading with CFD brokers is that you don’t have to hold the cryptocurrency in your wallet since you are not actually purchasing the actual coins. All you are required to do is to speculate on the price of Dash and make substantial profits when the price moves in a positive direction.
Below are some of our recommended brokers that will provide you with a safe trading environment and will give you access to effective trading tools, services and features.
Crypto exchanges are the primary places to go to when you wish to buy Dash. At the moment, over 200 exchanges support Dash, and you can buy the coin easily on any of them. Also, you can sell your Dash stash whenever you desire on any of the exchanges. The popular exchanges are liquid and make it easier for people to buy and sell Dash.
P2P (peer-to-peer) platforms are also known for supporting Dash. The platforms connect buyers and sellers. This makes it easier for you to buy Dash at different prices. Also, you can sell your Dash coins on any of the P2P platforms at different rates. Keep in mind that it could take investors longer to get a buyer or seller when using the P2P platforms.
What are the Pros and Cons of Purchasing Dash?
Pros of Buying Dash
- Liquidity: Dash has a large market cap as it is one of the top 30 cryptocurrencies by value. As a payment cryptocurrency, Dash has a substantial market activity, thus, ensuring that it is highly liquid. This makes it easy for people to buy and sell Dash without encountering any issues.
- Easy Access: Dash is easily accessible as it is one of the most used cryptocurrencies. It is listed on over 200 cryptocurrency exchanges around the world. You can also buy and trade Dash on CFD brokerages and P2P exchanges. As a result of this, you have access to hundreds of platforms, all allowing traders to buy and sell Dash.
- Highly Volatile: Dash is currently trading just above the $40 mark, which is low compared to its all-time high. As a cryptocurrency, Dash is highly volatile, and this makes it an exciting asset for investors. If you are trading on CFD platforms, then you stand to make more from trading Dash as the leverage available makes potentially more profitable compared to regular exchanges.
- Security: CFD brokerages have a high-security system that ensures that user funds remain safe at all times. Thus, you can comfortably trade Dash on these platforms without worrying about the security of your investment and your personal information.
Cons of Buying Dash
- Limited Crypto Assets: CFD platforms are warming up to the idea of cryptocurrencies. This means that they don’t offer as many cryptocurrencies as the normal exchanges. You can buy Dash from over 200 exchanges at the moment but only a few CFD brokerages support the crypto.
- High Trading Fees: The trading fees for Dash and other cryptos may be high on some CFD platforms compared to stocks and forex assets. If you wish to trade Dash on CFD brokerages, then take the time to check the fees that they charge for trading cryptos.
- Unstable Price: The high volatility of Dash’s price means that you can make massive profits when the price movement goes your way. However, you will also record massive losses if the price continues to fall. With CFD trading, you can profit even if the price of Dash moves up or down.
What is the Difference Between Trading and Buying Dash?
As investors, it is understandable that you have questions regarding Dash, despite its status as one of the leading digital currencies. One such question is whether to buy Dash and hodl for long-term investment or trade it and make money regularly. Here are the differences between trading and buying Dash.
The high leverage offered by CFD brokers for trading Dash makes it very enticing to investors. CFD trading makes it possible for investors to hold a strong position in Dash without storing the physical coin. The leverage, which sometimes is as high as 1:1000, means that you can hold a position of $100,000 with just $1,000. A slight movement in a positive direction would see traders make massive profits trading Dash compared to what you will make trading on regular exchanges. Thus, the CFD trading of Dash is better and more profitable for traders.
A highly liquid cryptocurrency is best for trading and investing. The high liquidity of Dash makes it easier for traders to trade and convert to cash when required. You can easily buy and sell Dash on several platforms, especially CFD brokerages and exchanges. The high volatility doesn’t matter as Dash is an active cryptocurrency that is traded regularly. You would encounter more challenges buying and selling Dash on P2P exchanges as it takes time to get interested parties to agree with your price.
Ownership and Safety
If you desire to hold Dash either for long-term or short-term investment purposes, then it is recommended that you buy the crypto from exchanges or P2P platforms. Buying Dash from any of these options will see you own the coins. Afterwards, you will have to store them in an online wallet or a cold storage wallet. If you own Dash coins, the security of the cryptocurrencies is left to you. You will have to keep the private keys safe and ensure that your cold wallet is kept in a secure environment. Don’t leave your Dash coins on an exchange or an insecure wallet as you could lose them to hackers.
Meanwhile, you don’t have to worry about all these challenges when you trade Dash via CFD brokerages. You won’t hold the Dash coins. Instead, you will be investing or trading in the price movement of Dash. This means that you don’t have to spend money on buying a cold storage wallet or concerning yourself with the security of the cryptocurrency. The CFD brokerages implement excellent security protocols to help secure customer funds. As a result, you don’t need to worry about losing your investment on CFD brokerage platforms.
On crypto exchanges, you can trade Dash against a basket of other cryptocurrencies. However, you can get even more on CFD brokerages as they have been around longer than the cryptocurrency exchanges. Asides Dash and a few other cryptocurrencies, you can trade other assets on CFD brokerage platforms, including; stocks, FX pairs, commodities, metals, and indices.
When you trade Dash on CFD platforms, you will be working with companies that have been offering excellent services to traders for decades. The trading resources available to traders are vast and are intended to make the trading process easier for users. They have advanced trading charts, auto trading features, market analysis and more, and all these tools make it easier for you to trade Dash, therefore, making CFD trading a better alternative compared to regular crypto exchange trading.
You stand to make more profits trading Dash on CFD platforms than you can make trading the asset on regular crypto exchanges. The leverages available on CFD brokerage platforms help boost the earnings you will make trading Dash. A slight movement of the Dash price in the right direction will see you make massive profits, which is higher than what you can make with the conventional buying and selling of the cryptocurrency.
How Do I Buy Dash Anonymously?
The ability to purchase cryptocurrencies anonymously is one of the best features of digital currencies. As a privacy-focused cryptocurrency, Dash has some features that make it easy for users to transfer funds anonymously. Similarly, you can purchase the cryptocurrency anonymously on some platforms.
How to Purchase Dash Anonymously online
The best way to buy Dash anonymously is via peer-to-peer exchanges. They allow users to deal with each other directly. As a result of this, all that is required is the wallet address of the recipient and the transaction will be approved instantly. Crypto exchanges now comply with AML (anti-money laundering) and KYC (know your customer) policies, which means that you can’t buy Dash anonymously on these platforms without revealing your data.
Also, CFD platforms follow the KYC and AML regulations. However, their tight security measures ensure that user data and funds are secure and confidential at all times.
How to Buy Dash Without ID
The best place to buy Dash coins without a form of ID is on peer-to-peer exchanges. You register on the platforms using your name, email address, and password only. Once you do that, you can interact with the sellers directly without going through any exchange and verification process.
Which Payment Methods Are Available For Depositing Funds?
To fund your CFD accounts with money, you can choose from the several payment methods available. Also, crypto exchanges accept a wide range of payment options, however, they don’t offer as many options as CFD brokerages.
Online Payment Methods
Both CFD brokerage platforms and crypto exchanges accept several payment methods. You can use credit or debit cards. Also, they accept electronic wallets such as Skrill, Neteller, Payoneer, and a few others.
Offline Payment Method
While most crypto exchanges don’t support offline payment methods, many CFD platforms do. You can deposit money into your CFD trading account using the bank transfer (wire transfer) method. This payment option is excellent for those who face difficulties using credit cards or e-wallets.
Can I Buy Dash from Any Part of the World?
Dash is a truly universal cryptocurrency that can be used in all parts of the world. Thus, this means that you can purchase Dash from any part of the world without facing any challenges. Dash is available on hundreds of exchanges, peer-to-peer platforms, and CFD trading platforms.
Which Places Accept Dash Payments?
Dash is a payment-focused cryptocurrency that is available to users all over the world. At the moment, there are over 4,800 merchants and services that accept Dash as a means of payment. Those merchants are found in several sectors, including; internet service providers, crypto services, shops and markets, gaming platforms, and more.
Places That Accept Dash Near Me
Several online stores accept Dash. You can also use Dash to pay for goods and services in some offline stores. You can check out the websites of Dash-accepting stores next to you and see if they accept the cryptocurrency in their shops.
4 Things to Consider When Buying Dash
At the moment, Dash’s price is low. This implies that traders and investors have a chance to make profits trading on its volatility. Before you start trading Dash, here are some things to consider when choosing a broker platform.
It is best to choose a regulated CFD broker as they are the trustworthy ones. As a trader or investor, it is recommended that you only partner with a regulated broker as they follow the guidelines put in place by the regulatory bodies to help protect your funds and data.
The CFD broker you are to choose should have an excellent trading platform. The reputable brokers offer trading platforms that provide traders with relevant trading tools and resources, thus, making it easier for investors to use. Also, brokers with both desktop and mobile trading platforms are better as this offers convenience and flexibility.
Similarly, you should choose a broker with a streamlined and robust banking system. This will make it easier for you to deposit and withdraw funds. Also, the secure banking system will ensure that your funds are insured and protected at all times.
When it comes to CFD trading, excellent customer service is key to the success of the traders. This is the reason why we recommend you choose a broker with an excellent customer support team. The customer service team should be friendly, professional, and responsive as this will help enhance your trading experience on their platform.
Following these criteria, we have selected some CFD brokerage platforms we believe offer everything necessary to enable you to trade Dash with ease. The brokers meet all the criteria of a reputable and reliable trading partner.
How to buy Dash UK?
Dash is available to UK investors via the hundreds of exchanges that support the cryptocurrency. Also, you can buy Dash in the UK using the P2P exchanges. In addition, one can trade Dash with CFD brokers who allow UK users to trade cryptocurrencies and other assets on their platforms.
How to buy Dash cash?
You can purchase Dash using several payment options. Credit card purchase remains a popular option, however, you can also use the e-wallets and bank transfer methods when buying from CFD trading platforms. This makes it easier for people all over the world to trade Dash and other assets.
How to sell Dash?
As a leading cryptocurrency, you won’t encounter any issue selling Dash. You can sell the cryptocurrency quickly on CFD brokerage platforms. It is easy to enter and exit positions on these platforms. Furthermore, you can sell Dash on the hundreds of exchanges that support the coin and also on P2P platforms.
How to buy Dash instantly?
For those who want to purchase Dash immediately, you can do so via CFD brokerages. You will be required to open an account with the CFD broker, fund your trading account, and then you can trade Dash instantly. All trading features will be made available after making your first deposit. You can also buy Dash instantly on crypto exchanges.
How to buy Dash gold?
Traders and investors can buy Dash on any of the CFD brokerage platforms we recommended in this post. Simply create an account and gain access to trade a wide range of digital currencies.
How to buy Dash using a credit card?
You can easily purchase Dash using a credit or debit card on any of the CFD platforms we have recommended. Once you sign up with a CFD broker, you can deposit funds using a credit or debit card. Afterwards, you can trade Dash and begin trading it against other assets. You can also buy Dash with a credit card on global crypto exchanges that accept the payment option.