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How to Buy Dash in 2022

Last updated 22nd Sep 2022
Disclosure

Dash (DASH) is a decentralized peer-to-peer cryptocurrency with the sole purpose of being used as a payment method. With a multitude of options to invest in DASH, this guide reveals the best platforms for buying the token, where to store it, and the best purchasing options for different use cases, along with whether it’s worth adding it to your investment portfolio or not.

Best Exchanges to Buy Dash

1
eToro
Minimum Deposit
$10
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User Score
10
More than 3,000 assets, including currencies, stocks, cryptocurrencies, ETFs, indices and commodities
Buy crypto, or trade cryptocurrencies via CFDs
This ad promotes virtual cryptocurrency investing within the EU (by eToro Europe Ltd. and eToro UK Ltd.) & USA (by eToro USA LLC); which is highly volatile, unregulated in most EU countries, no EU protections & not supervised by the EU regulatory framework. Investments are subject to market risk, including the loss of principal.

eToro - The Overall Best Way to Buy Dash

eToro is the ideal platform for buying Dash since they offer a comprehensive crypto section with several deposit options. Moreover, they have an in-depth educational section, which helps beginners get started with the broker.

💰 Trade Values:CFDs, Cryptocurrencies, Stocks, and Commodities.
📊 Software:Website and smartphone app.
🏆 Demo Account Available:Yes
📺 Ease of use:Excellent
⭐ Our rating:5/5
📱 App Available:iOS and Android
🧩 Regulation:Cyprus Securities and Exchange Commission (CySEC)
💰 Fees:1% of purchase order
🔁 CFDs Available:Yes
⚽ Social Trading:Yes

Best Platforms to Buy and Trade Dash

The following part of the guide will highlight the top platforms for trading Dash.

Buy Dash Using Cryptocurrency Brokers - The Easiest Way

The most convenient way to buy Dash is through cryptocurrency brokers since they provide a smooth process for investing. Below you’ll find the top picks in this category, all of which have high liquidity, instant buy sections, and expert security.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Start with eToro now
🥈 Coinbase$6Start with Coinbase now
🥉 Kraken$1.60Start with Kraken now

eToro

eToro is highly recommended for their premium cryptocurrency services and excellent customer support. The brand offers several great features for beginners like copy-trading, demo accounts, and courses for trading.

Coinbase

Coinbase is one of the best crypto exchanges in the industry as they offer an instant buy page and a learning section where you can earn crypto. Also, you can use Coinbase Pro, which has an advanced trading interface and popular trading pairs for DASH.

Kraken

Kraken is praised for being one of the most ethical and secure exchanges. So, it’s worth trying out the platform since they make it easy to deposit and buy Dash.

Buy Dash on eToro: Step-By-Step Guide

Step 1: Sign up to eToro
Step 2: Verification
Step 3: Deposit money
Step 4: Buy Dash
Step 5: Send Dash to a wallet

Best Wallet to Buy and Store Dash - DASH Wallet Comparison

Once you’ve invested in Dash, you’ll want to hold them in a cryptocurrency wallet for extra protection. These software apps or hardware devices are compatible with multiple coins like Ethereum, Bitcoin, and Dash. Here are the top choices for storing Dash:

ProviderWallet TypeGet Started
🥇 Ledger Nano XHardwareStart with Ledger now
🥈 DASH WalletMobile Wallet.Start with DASH Wallet now
🥉 DASH CoreDesktop Wallet.Start with DASH Core now

How to Sell Dash in 2022 Using eToro?

Cashing out your Dash investment is straightforward with eToro, here’s how to do it:

  • Step 1: Open eToro and select Dash from your investment portfolio.

  • Step 2: Select the “Sell” option at the top of the screen.

  • Step 3: Type in how much Dash you’d like to cash out and hit the “Open Trade” button.

Buy Dash Using CFDs - Best for Trading

Contract For Differences (CFDs) is a derivative product, meaning you will not own Dash with this investment option. However, brokers often have easier buying processes and offer multiple markets such as commodities and stocks. Therefore, you can use a CFD broker for all your investment needs.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Start with eToro now
🥈 AVATrade$10Start with AVATrade now
🥉 Pepperstone$35Start with Pepperstone now

eToro

eToro is the best platform for buying Dash via CFDs because of their beautifully designed interface. This makes it easier to navigate through the platform and find essential features. In addition, they have a beginner-friendly mobile app so you can trade on the go.

AVATrade

AVATrade offers a world-class trading experience with its advanced platforms and tools for investing. Also, the broker allows you to leverage trade with a 5:1 ratio.

Pepperstone

Pepperstone offers a convenient signup and buying process for DASH. The Australian broker offers advanced and simple trading software so investors of different caliber will find the tools they need to acquire Dash.

Best Apps to Buy Dash - Most Convenient

Crypto apps are becoming more popular due to their convenience. They allow you to stake, trade, and store your cryptocurrencies without a computer. Below are the top smartphone apps that offer Dash:

ProviderFee (USD 1000)Get Started
🥇 Coinbase$6Download now
🥈 Crypto.com$4Download now
🥉 Gemini$14.90Download now

Buy Dash on eToro App: Step-By-Step Guide

Step 1: Download and Sign Up
Step 2: Account verification
Step 3: Fund your account
Step 4: Invest in Dash

Buy Dash With Exchanges - The Cheapest Way

When buying Dash, you’ll want to use a cryptocurrency exchange since they offer the best fee rates. The providers below are the cheapest and offer native cryptocurrencies that reduce fees by 25%.

ProviderFee (USD 1000)Get Started
🥇 Binance$1Start with Binance now
🥈 Kraken$1.60Start with Kraken now
🥉 KuCoin$1Start with KuCoin now

Buy Dash on Binance: Step-By-Step Guide

Step 1: Sign up with Binance
Step 2: Top up your profile
Step 3: Open the trading interface
Step 4: Fill in trade details
Step 5: Confirm the transaction using the blockchain explorer

Buy Dash Using Decentralized Exchanges (DEX) - The New Way

DEXs are peer-to-peer marketplaces where investors can trade cryptocurrencies like Dash. They are completely decentralized and work by connecting a crypto wallet. Therefore, you cannot deposit money via debit/credit cards, online banking, and e-wallets. Below are the top DEXs that offer Dash.

ProviderFee (USD 1000)Get Started
🥇 UniswapVariesGet started now
🥈 Woo NetworkVariesGet started now
🥉 Exodus Dash WalletVariesGet started now

Buy Dash on PancakeSwap: Step-By-Step Guide

Step 1: Enter the PancakeSwap dApp
Step 2: Search for Dash
Step 3: Swap tokens

Can You Buy Dash Using P2P services?

There aren’t many peer-to-peer platforms that offer options for buying Dash. After researching the marketplace, the overall best P2P service for investing in DASH is LocalCoinSwap.

Can You Buy Dash Using Other Trading Platforms?

The following table highlights where you can trade Dash and the fees you’ll pay.

Cryptocurrency PlatformCan You Buy DASH?Fee (USD 1000)Review
BinanceYes$1Binance review
TD AmeritradeNoN/AN/A
BitstampNoN/AN/A
BittrexYes$3.50Bittrex review
CoinbaseYes$6Coinbase review
PoloniexYes$1.55Poloniex review
BitMartYes$2.50N/A
BitrueYes$2Bitrue review
BlockFiNoN/AN/A
CoinDCXYes$2N/A
CoinSwitchYes$5N/A
Crypto.comYes$4N/A
EtherDeltaNoN/AN/A
E*TRADENoN/AN/A
FidelityNoN/AN/A
FTXYes$7N/A
Gate.ioYes$7.50N/A
HotbitYes$2N/A
KrakenYes$1.60Kraken review
KuCoinYes$1KuCoin review
RobinhoodNoN/AN/A
UpholdYes$19.50N/A
VenmoNoN/AN/A
VoyagerYes$10N/A
WazirXYes$1.50WazirX review
WealthsimpleNoN/AN/A
WebullYes$10N/A

What Is the Difference Between Buying Dash and CFDs?

The main difference between CFDs and buying DASH is that you won’t own real coins with a derivative product. Therefore, you won’t be able to spend your coins and can only hold the CFD as an investment asset. On the other hand, buying real tokens means you can withdraw to a wallet and pay for services.

Pros

No need to store DASH yourself
Buying CFDs is easier
A small number of crypto brokers offer DASH as a derivative product
Higher fees for using brokers that provide DASH CFDs

Cons

Cannot spend your DASH tokens
You will not own real cryptocurrency with CFDs
You rely on the broker to provide a fair service
No option to withdraw bought DASH from your brokerage account

Best Ways to Buy Dash

Now we’ll tell you the best platforms to use for specific buying methods.

Buy Dash Instantly with Online Banking - The Fastest Way

Online banking is straightforward to use and is widely available on most established exchanges. The top platform with this method is Coinbase Pro, as deposits are usually complete within an hour.

Buy Dash with PayPal - The Safest Way

PayPal does not offer DASH in their cryptocurrency section. Therefore, you’ll need to use it as a deposit method and then invest through the exchange’s trading software. The best option for PayPal deposits is eToro, as they provide easy solutions for purchasing Dash and high levels of security.

Buy Dash Using a Debit Card - The Cheapest Way

The cheapest way to invest in Dash with a debit card is with Binance. They are the largest cryptocurrency exchange that offers spot, market, stop-loss, and margin trading for DASH.

Buy Dash Using a Credit Card

Crypto.com is the best exchange for using a credit card to purchase Dash because of its user-friendly mobile app and convenient trading software.

Best Platforms to Buy Dash in Other Countries

Regulations and licenses impact the availability of exchanges in each country. Below is a convenient overview of the best providers to purchase DASH in a number of countries.

CountryBest ProviderProvider TypeFee
AustraliaCoinbaseExchange$6
the UKCoinbaseExchange$6
BangladesheToroBroker$10
CanadaBinanceExchange$1
HawaiiGeminiWallet$14.90
IndiaWazirXExchange$1.50
JapanBitFlyerExchange$1
NepalKrakenExchange$1.60
New ZealandBinanceExchange$1
PakistanKuCoinExchange$1
PhilippinesBinanceExchange$1
SingaporeCrypto.comExchange$4
South AfricaeToroExchange$10
UAECoinbaseExchange$6

What Are the Fees When Buying Dash?

Here’s a table of the expected fees for investing in Dash. For simplicity, the fees are calculated based on investing $1,000 and holding for 30-days.

PlatformeToro BrokerCoinbase ExchangeBinance Exchange
Deposit fees$0$0$0
Purchase fees$10$6$1
Holding fees$0$0$0
Selling Fees$10$4$1
Payout fees$5$10$15
Total fees$25$20$17

Cheapest Way to Buy DASH

To avoid large fees you’ll want to use a cryptocurrency exchange since they offer the best rates. Also, some of the platforms have native tokens, which can be used to pay for fees, reducing them by 25%.

ProviderFee (USD 1000)Get Started
🥇 Binance$1Download now
🥈 KuCoin$1Download now
🥉 Kraken$1.60Download now

Fastest Way to Buy DASH

The crypto platforms listed below have fast processes for creating an account, depositing, and buying coins. Also, their software is straightforward, so those with little experience can buy Dash without encountering any issues.

ProviderFee (USD 1000)Get Started
🥇 eToro$10Get started now
🥈 Coinbase$6Get started now
🥉 Kraken$1.60Get started now

How to Buy Dash Anonymously?

One of the biggest selling points of cryptocurrency is anonymity and decentralization. So you may want to buy your Dash without revealing your identity or creating an account with an exchange. This part of the guide will highlight the top platforms to use.

How to Buy Dash Without Registration or KYC?

You can buy Dash by using a decentralized exchange since they do not require clients to go through a KYC. They use a peer-to-peer system, so you will have to connect a crypto wallet to the dApp for trading. PancakeSwap is one of the best platforms since they let you trade various coins for Dash.

How to Buy Dash Without Verification?

KuCoin does not require users to verify their accounts to trade Dash. Unfortunately, avoiding verification means your account will have withdrawal limits, and you can only deposit crypto.

Can You Buy Dash Offline?

There is no option to purchase Dash offline as you need an internet connection to trade.

Should You Buy or Sell Dash?

As with all cryptocurrencies, you should research the project thoroughly and decide yourself if it’s worth the investment. Take a look at these pros & cons to help better understand the coin and its potential future.

Why should you buy Dash?Why should you sell Dash?
DASH has a great team working on the project.Around 4,500 members vote on key decisions, making the decentralization aspect questionable.
DASH has a unique privacy feature giving anonymity to users.Minimal efforts with marketing.
DASH is a popular privacy coin with high daily volumes.DASH has a lot of competition, so standing out is becoming harder.
The coin has secured multiple partnerships with big players in the crypto space.Some developers have claimed to find loopholes in its privacy features, and they can trace transactions if they control the master nodes.
Completely decentralized.DASH is unpredictable in its price swings.

Do You Need to Pay Tax on Dash in the US?

The Internal Revenue Service (IRS) oversees crypto taxes within the states. All cryptocurrencies are taxed as property, meaning US residents must pay short or long-term capital gain tax. So if you hold longer for a year, you’ll be taxed 0% to 20%, while holding less than 365 days can vary between 10% to 37%. The overall amount you pay depends on your profit and tax bracket.

Dash Price Prediction: What Is the Future of DASH?

This section is for those interested in the potential future of Dash. Take a look at how the coin is currently performing:

What Impacts Dash Price?

Like most cryptocurrencies, Dash follows the price movement of Bitcoin. However, multiple aspects can swing the value of the coin.

Adoption: As more businesses accept Dash as a payment method, the coin gets utilized more, thus increasing the value.

Regulation and laws: Cryptocurrency is becoming more adopted globally, and countries are starting to implement stricter laws. This can negatively impact the whole crypto market as institutions and investors move to less “riskier” assets. However, laws encouraging cryptocurrencies can positively impact Dash. For example, the UK seeking to regulate stablecoins.

Partnerships: Dash getting more partnerships with global brands is great for its growth as more people use it as a payment method. The cryptocurrency’s official website showcases where you can spend your tokens.

Competition: There are dozens of payment cryptocurrencies, making it more difficult for Dash to stand out.

Marketing: An excellent marketing team can increase demand for the coin and its adoption. In this case, Dash could do better to drive more people to their ecosystem.

Historical Dash Course: Major Milestones in the History of Dash

The graph below shows how Dash has performed historically, along with a few milestones.

Current Price Prediction News

Here are some price prediction news sources if you want to learn what experts think of Dash’s future.

Other Ways to Make Money With Dash in 2022

Below is a rundown of some alternative methods you can use to earn money with Dash, along with common ones you cannot.

Stake Dash Using DeFi or CeFi

Staking is the process of allocating your tokens to a protocol to support the network. By staking, you validate block transfers to receive daily rewards paid in Dash. The top platform for this investment activity is Binance.

Buy Dash Using ETPs (ETFs & ETNs)

ETPs (Exchange Traded Product) is a type of security that tracks an underlying asset. Investors can trade Metaverse ETPs for Dash by using Coinyep.

Buy and Sell NFTs Using DASH

Currently, no marketplaces offer Dash as a payment method for NFTs.

Buy Stocks and Shares in Companies Owning Dash

Unfortunately, the crypto brands that have partnered with Dash do not have tradable stocks you can invest in.

Dash Mining

Mining is the process of solving complex equations to facilitate transactions and earn rewards. However, It’s not recommended to mine Dash unless you have a lot of computing power. In most cases, you’re better off investing your funds into Dash and staking.

Use Dash Faucets

Faucets is when you complete quizzes or courses to earn crypto as a reward. The top platform for this type of activity is Coinbase, as they let you earn various coins. After, you can trade the rewarded tokens for DASH.

What Cryptocurrencies Are Similar to Dash?

The coins listed below are similar to Dash, so you may be interested in what they have to offer.

CoinSymbolLearn how to buy
MoneroXMRBuy Monero
ZcashZECBuy Zcash
Bitcoin CashBCHBuy Bitcoin Cash
LitecoinLTCBuy Litecoin
BitcoinBTCBuy Bitcoin

Is It Still Worth Investing in Dash or Not?

Dash might not be worth investing in as several payment cryptocurrencies have larger market shares. However, the coin had a huge rally in 2018, reaching over $1,500 per coin. So it’s not impossible for the coin to reach new highs in the future. Nevertheless, you should do your own research and determine if the coin is worth investing in. Cryptocurrencies are highly risky, so do not invest more than you can afford to lose.

FAQs

What is the best provider to buy Dash in the US?
What is the cheapest provider to buy Dash in the US?
Is it worth investing in Dash right now?
Is there a limit to how many DASH I can buy?
Can you buy Dash on the blockchain?
What can you buy with Dash?

Dominikas Pupkevicius

Dominikas is a content and research writer with over 6 years of experience. He is passionate about blockchain technology and believes cryptocurrency is the future of humanity. Dominikas lives in the countryside with his 3 dogs and enjoys long walks.