How to Buy Dash
Inspired by both Bitcoin’s design and protocol, Dash has become one of the top cryptocurrencies in market capitalisation over the last few years. Its usage is versatile; ranging from the purchase of goods to getting paid, all using a secure and universal cryptocurrency. As a relatively stable, well-planned cryptocurrency alternative to Bitcoin, is Dash a good investment for your money?
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Buy Dash in 5 Quick Steps
- Register free with eToro to open a trading account.
- Try a demo account before you hit the Deposit button.
- Choose a payment method (Paypal, credit card etc) & deposit into your account.
- In the ‘Trade Markets‘ section on the left, select Crypto and then Dash.
- Hit trade, a ticket will open, choose your risk preferences and then click ‘Open Trade‘.
Where to Buy Dash
Buy Dash with eToro
eToro is the leading CFD provider when it comes to cryptocurrencies and buying Dash. They were one of the first to launch Dash on their trading platform and continue to be a market leader in the cryptocurrency space. If you’re looking to buy Dash, then look no further than eToro, see below our 3 step process to getting started!
Step 1: Registration
eToro is free to sign up and has a demo account that you can use to practice before buying Dash for real. To sign up, click the button below and fill out the form; name, email, phone and then you’ll need to create a password. Next you’ll be required to verify your account by clicking the link in your confirmation email.
Step 2: Deposit
Once you’re account is verified, you’ll need to deposit funds into your account to make it live. We recommend starting with the minimum of $250, start small to get used to it and then begin to add more over time. Choose your payment method, eToro offers several options, pick your favoured and then fill out your details and click submit.
Step 3: Buy Dash
Once you have funded your account, it’s time to buy Dash. eToros platform is easy to use, to find Dash, click ‘Trade Markets’ on the left, then you’ll see ‘Crypto’ at the top. Once in this section, you will see eToros full list of cryptocurrencies. Hit Dash and then ‘Trade’. A ticket will open, manage your risk and then ‘Open Trade’.
Buy with Investous
Highly rated and new CFD provider, Investous, has burst onto the market and established itself with a solid reputation. It’s smooth and streamlined platform makes trading easy for any beginner looking to take the dive into the world of cryptocurrencies. It offers over 270 different assets and a great range of coins.
Step 1: Registration
Signing up is simple, click the link below and once on their homepage, hit the ‘Sign Up’ button in the top right. Add your name, email and phone number, choose the account type and then click ‘Start Trading’. You’ll receive an email to verify your account before you can deposit into your account.
Step 2: Deposit
Once you have created an account, you will login and be required to fill out a questionnaire. Once complete you will be asked to choose how much you want to deposit and the payment method you intend to use. We always recommend sticking with the minimum amount before adding more once you get used to the platform.
Step 3: Buy Your Cryptocurrency Now
Now you have deposited, to buy bitcoin you will see the list of assets Investous offers on the left. Use the filter option and choose ‘Cryptocurrencies’, you will then find Bitcoin. Click and you will have the option to buy and sell. Decide how much you want to risk, click buy and then ‘Trade’.
Buy with 24 Option
Well known CFD provider, 24 Option, has extended its cryptocurrency offering, with the additions of Bitcoin Gold and Monero plus the standard collective of bitcoin, ethereum etc. The platform is suited for beginners because it simplifies the process of finding your cryptocurrency and in turn purchasing it.
Step 1: Registration
Signing up is easy and free. Fill out the relevant fields and hit ‘open account’. You’ll then receive an email to verify your identity and then will be asked to fill out a questionnaire to get an understanding of your experience.
Step 2: Deposit
There are various ways you can fund your 24 Option trading account, VISA, MasterCard, Astropay, Moneta, plus many more options. To get started pick the payment method of choice and the amount you want to deposit (we’d recommend the minimum of $200)
Step 3: Buy Cryptocurrency
Once your account is all set up and funded, you can search using the filter on the left to find your cryptocurrency of choice. The asset you choose will be available on the right where you can manage your risk before pressing buy and then ‘trade’.
Buy with Binance
Binance is one of the largest cryptocurrency exchanges on the planet. It grew quickly after its launch in 2017 and now even has it’s own token, Binance Coin. It is one of the best places to buy and trade some of the more obscure altcoins, they have a huge range that is always changing with new coins being added and old ones being removed. For security reasons, we would always prefer to buy using a CFD provider like eToro.
Step 1: Registration
To get started you need to go to the homepage and click ‘Register’. You’ll be taken to a sign up page where you need to fill out the fields; email and password. You’ll be sent a verification email, click the link to activate your account. It’s also advised to set up 2FA.
Step 2: Deposit
Binance now allows you to buy bitcoin with credit card, a relatively new feature. Other coins available by credit card are Ripple, Ethereum, Litecoin and Bitcoin Cash. Once you’ve bought one of these you can then exchange for any other coin on the platform
Step 3: Buy Your Coins
Depending on your experience level you have the choice of the basic or advanced exchange. If you’re unfamiliar with the Binance platform then we’d recommend using the basic version. click on Bitcoin and then fill out the ticket to make the exchange.
Why Should You Buy Dash?
The commercial world is changing with trade arrangement going borderless. Each country has its own currency and financial regulations, which eat out the value of other currencies in terms of exchange. Dash presents another avenue for a flawless commodity purchase irrespective of the production and consumption region.
The growth of Dash has been steady, and its history narrates its growth curve. Its years of existence have seen a consistent increase in market capitalisation with presence in the Americas, Europe, and Asia.
The transactions undertaken by Dash can be either peer-to-peer or business to customer. This arrangement widens the scope of its usage across the economic divide. Some companies and organisations have begun to accept it as a medium of payment, and some even now pay its workers and suppliers using Dash.
Most cryptocurrencies use market forces to strengthen their position and ensure competitiveness. Dash’s demand pushes more of its growth. As the world continues to offer liberal markets, businesses begin to spread out, and trading arrangements become competitive. The future of world trade is cryptocurrency, and Dash will be a significant player in these efforts.
The high cost of conversion witnessed during international trade increases the cost of doing business. As countries fight for currency domination with currency wars emerging, money supply becomes scarce and expensive. Smaller firms and countries get affected as they have to give more for the market accepted currency. Dash gives everyone a level playing field in commercial interactions, without any interference from a monetary policy body.
It is easy, fast, and reliable to use Dash as a payment method. It is also secure as the series of platforms involved in converting the funds to Dash blockchains are adequately protected. Signing up is also free and easy, with a tight end to end encryption.
Pros and cons of buying Dash
- Ease of Purchase: Dash can easily be acquired online through friends and businesses. It can also be processed through ATMs in partnership with global online banking platforms.
- Real-World Payments: Dash can be used as a means of payment in every vendor or shop with access to Dash; ticketing, paying utility bills, purchasing commodities on e-commerce platforms, and many more.
- Mobile Apps: Dash has an application for both Android and Apple devices. This ensures that transactions can be carried out anywhere and anytime.
- Security: The security of the platform against unwarranted access and cyber-crimes is impressive.
- Customer Support: The platform also has a versatile customer service department, manning social media and direct communication platforms.
- Exchange Lock Down: Currently, there is no way of buying Dash directly. You have to use eToro as a medium to purchase before either converting to available funds or blockchains. This practice makes the transaction and conversion cost high.
- Conversion: The conversion platform does not directly sell the proceeds of Dash to its customers. It sells profits derived from the sale of the cryptocurrency
What are the Best Payment Methods to Buy Dash
Here are some of the different payment methods you may be able to use when buying Dash;
- Buying Dash with PayPal: You cannot use your PayPal account to buy Dash coins because of conflicting PayPal and cryptocurrency policies. Besides, PayPal’s buyer protection policy makes it a perfect tool for scammers. To top this off, China is really not a big fan of PayPal, meaning Dash is very difficult to purchase via PayPal.
- Buying Dash with cash: It is only possible if you find a friend, family member, or someone you trust trading Dash coins for cash. It is, however, not among the most common ways of buying cryptocurrencies, nor the safest.
- Buying Dash with a credit card: There are some exchanges out there that will allow you to buy coins directly with a credit card. However, banks have a habit of blocking any cryptocurrency transactions due to the lack of regulation.
Buying Dash in Your Country
Dash is accessible in the United States due to the liberalisation of its markets and adaptability to change. Trading in Dash in the United Kingdom has gained traction through varying cutting-edge platforms. These platforms have over 29 forms of cryptocurrency that can be paired up. It can also be liquidated much faster as the process is straight forward. Also, the payment methods are easily integrated through the Dash systems.
In spite of its massive growth in the past few years, cryptocurrency still does not have worldwide acceptance. Regulations by different authorities make its full adoption almost impossible. Certain countries, including China, have banned ownership as well as trading in cryptocurrencies. Other countries that have banned cryptocurrency activity include Egypt, Morocco, Ecuador and Columbia. Always check the laws in your own country before purchasing or trading any Cryptocurrencies.
Is There a Difference Between Buying and Trading Dash?
Yes. There is a slight operational difference based on demand. Buying Dash attracts a conversion charge and any other transaction charge. With transactions, the demand pull charge is dictated by the availability of the currency, the price of the coin and the willingness of the seller to offer it. Buying Dash is a market-driven activity where currency valuation is done basing on future market expectation. With the resurgence of global alternative currency, a good businessperson will buy the Dash blockchains and reap handsomely when its demand increases.
Trading Dash is much cheaper in comparison. The wide acceptance of Dash as a form of currency in the purchase of goods makes its value acceptable by all parties. In such a case, the demand is from both sides; need for Dash and need for the commodity. The agreement strikes a market value of the currency, stabilising its price. This analogy is used at the outlet which accepts Dash as a form of payment for goods delivered. If the same cycle is used to purchase the stock for reselling, the influence of Dash will grow, and the spread will significantly increase its market capitalisation.
What are the Fees Involved in Buying Dash?
As per most cryptocurrency purchases and transactions, there are fees associated with buying and selling Dash. We’ve outlined the core fee types below;
- Transaction fees: These fees are the small amount that gets deducted from the total transaction amount as a facilitator for changing the currency from one form to another. These are standard across all exchanges & blockchains.
- Deposit fees: When initially putting fiat currency into an exchange or trading platform, some will charge you for putting money in. This type of transaction fee is very rare, and can sometimes be a little untrustworthy.
- Withdrawal fees: When moving your acquired Dash into another exchange or converting it into fiat currency, most exchanges and trading platforms will charge you a fee in order to do so.
- Spreads: Spread is the very small difference between the buying price and selling price that trading brokers place onto their systems. This is essentially the transaction fee of the trading world.
It is crucial to analyse the entire fee structure of an exchange or brokerage before settling for it. Some platforms use hidden fees to make up for the low initial fees at one that you first see. Trading platforms have better payment methods and fees than exchanges, meaning it’s usually far easier to start investing in cryptocurrency on a broker platform.
If this article has given you the confidence to start investing in cryptocurrencies and you want to buy Dash, click the button to get started.
Frequently Asked Questions
How Do I Buy Dash in Bulk?
Dash can be bought through registered online vendors and brokerage firms. They have the capacity and systems to convert Dash in bulk, and vice versa. Usually exchanges put limits onto the amount you buy, so you’ll need to look at trading platforms as the best route for large purchases.
How Do I Sell My Dash?
Most exchanges that sell Dash to individuals, also buy it back. Therefore, you can visit any reputable exchange and sell your Dash for another cryptocurrency or fiat currency. Most of the time there are even options to sell straight through the platform itself. If you purchased via a trading platform, you’re in luck - as these will buy back any trade that you made on the platform itself.
What are Trading Robots?
Trading robots are algorithmic systems designed to deliver the best outcome for their user while trading. The structures are set by the developer and can be revised either automatically or manually depending on the market conditions. They are used to deliver trade margins, manage conversions, and execute portfolio management - all automatically
Should I Buy Dash with a Robot?
Maybe. The robots offer a very good beginner experience through accurate calculations, less conversion cost, and can manage many accounts in one go. They are also a reflection of the market trading conditions used to gauge the profitability of investing in the cryptocurrency.
Can you buy Dash on an exchange?
Yes. Many exchanges allow you to buy Dash in exchange for other cryptocurrencies. If you’re looking to buy with just fiat currency though, you might find it easier to trade via a regulated broker platform.
Can I Buy Dash Anonymously?
Yes. With Dash you’re able to choose if you do or don’t want the transaction to be kept in the ledgers. This gives you a lot of flexibility on being anonymous or not.
Why Buy Another Coin Other Than Dash?
Mainly because it’s always good to diversify your investment portfolio. Having two or more investment vehicles will cushion you if Dash takes a hit from other competitors and market factors. Ideally, you want to spread your investments, and make sure you could profit on the growth of other technologies all whilst reducing losses if only one coin is failing.