How to buy Dash token online

Buy Dash token online

Dash was originally known as Xcoin, changing its name to Dash in 2015. It was designed to protect user privacy and was based on the work of Bitcoin founder, Satoshi Nakamoto.

In this guide we will cover the fundamentals of the token and how you can buy it Dash 2021. 

Best platforms to buy Dash – 2021

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

What is Dash?

Dash was originally launched in 2014 under the name Xcoin. It was one of the earliest cryptocurrencies and rebranded itself Darkcoin before rebranding itself again to Dash. When it was created, it was designed to protect user privacy and anonymity. The whitepaper, written by Evan Duffield and Daniel Diaz, said the coin was based on Bitcoin. However, the company has since altered its goals. It still has strong encryption features, but aims to become a medium for digital transactions that can be used as cash or a credit card. 

Dash is an open-source project which includes a decentralized payment network. In 2018 the cryptocurrency expanded into Venezuela to test its use in digital transactions. Since this move, the demand for cryptocurrency has rapidly increased. Venezuela at the time was experiencing a period of hyperinflation, which made its local currency worthless. The crypto helped stabilise the economy, with citizens now using Bitcoin and Dash for their day to day exchanges. 

As well as supporting a country, Dash has also invested in research for blockchain technology. They have invested in Arizona State University to help blockchain transaction speed, efficiency, security and its uses in daily life. To further this, they also fund scholarships for undergraduates. 

As of August 2021, Dash has a market cap of $2,102,822,774 with 10 million tokens in circulation. It has a max supply of $18.9 million and a fully diluted market cap of $3,861,418,305. 1 Dash token costs $204.46 and reached over $1000 in December 2018.

Buy Dash now at our preferred partner

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.

Pros

  • One advantage of Dash is that it has proven real-world use. Whilst many cryptocurrencies are working on speculation, Dash has proved its worth in Venezuela. This means the same concept can be applied to other countries. 

Cons

  • The only downside of Dash is that it’s not quite as private as it claims to be. Dash mixes transactions using master nodes. There are tools available to unwind this kind of mixing, which means the privacy of the individual could be at risk. These master nodes also add an element of centralization to Dash, which could turn many users away from the platform. 

How does Dash work?

Dash uses the X11 algorithm, a modified proof-of-stake algorithm. It also uses Conjoin mixing to scramble transactions and make privacy possible on the blockchain. For transactions, Dash uses a group of users known as master nodes. Master nodes are responsible for several features on Dash. They approve transactions from the miner network and provide services such as payments and privacy for users. As of May 2021, there are 4,512 master nodes in Dash’s network.

Dash also uses a unique governance model. It relies on self-funding by splitting block rewards between three different stakeholders. These are the master nodes, miners and the treasury. The first two receive a 45% share each. The treasury then receives the remaining 10%. This funding is used to develop future projects for Dash, whist improving its current systems. To dictate what decisions are acted upon, master nodes will vote on the future direction of the cryptocurrency. 

One of the more unique features of Dash is that you can buy it through a crypto ATM. Though not commonly available globally, these ATMs are common in Venezuela. Local users can transfer funds and withdraw funds through these ATMs. Though the technology is relatively new, it could be implemented around the world if cryptocurrency is adopted on a mass scale. 

Now that you know what Dash is and how it works, you can use one of the brokers above to buy Dash. However, if you’re still unsure on how to get started, continue reading!

How to buy Dash online

Buying DASH online is relatively easy and can be completed in a few simple steps.

Here’s a step-by-step guide on how to buy DASH online:

  1. Start by opening an account on any popular exchange. Great options are Binance, Kraken, Coinbase and Bitfinex. Once you’ve opened the account, verify it.
  1. Fund your account with your chosen fiat currency. It’s important to note, not all exchanges will accept fiat for DASH. For example, on Binance you must use ETH or BTC. Buy these beforehand and then trade them for DASH tokens. 
  1. Search for DASH and select the number of tokens you want to buy. Click “Buy” and your tokens will appear in your wallet. 

Congratulations, you’ve just bought your first Dash!

Top platforms to buy Dash

1
Minimum Deposit
$50
Exclusive Promotion
User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
CopyPortfolios: Innovative, fully managed investment strategies
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 67% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work, and whether you can afford to take the high risk of losing your money.
2
Minimum Deposit
$250
Exclusive Promotion
User Score
8.1
Trade the global markets. Trade with real-time execution and professional tools
Follow and copy Naga's top traders who have mastered their trading strategies
Free personal account manager
CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 74.48% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
3
Minimum Deposit
$50
Exclusive Promotion
User Score
7.5
Over 4 million customers worldwide
Buy, sell and trade nearly 200 digital assets
Verified within 15 minutes

How to trade Dash

DASH is often traded with Ethereum (ETH) or Bitcoin (BTC). Here’s how you can get involved

  1. Sign into an exchange where you already hold DASH cryptocurrency. 
  1. Search for BTC or ETH depending on what you want to buy. 
  1. Select the number of tokens you want to buy and click “Trade”. 
  1. When the transaction is complete, you’ll have the new currency in your wallet.