Dash cryptocurrency needs no introduction as it has been in the cryptosphere for some time now.
Dash, also known as Digital Cash is a decentralized digital currency which was created by Evan Duffield in early 2014.
The idea behind creating Dash was to improve upon Bitcoin which is not an anonymous currency to use. That’s why Dash was created to fulfill that niche of cryptocurrency.
Later Dash also became the first cryptocurrency to implement the concept of Masternodes by pioneering Dash Masternodes for facilitation PrivateSend and InstaSend features on the Dash’s blockchain.
And nowadays, Dash is focusing on usability and adoption as its being accepted in inflation-prone countries like Venezuela and Argentina.
Note: Cryptocurrencies are a hyper-volatile asset so don’t go all-in but of course, do allocate some capital to it for learning as well as investment sake.
So let’s get in and see how you can purchase Dash cryptocurrency?
How To Buy/Sell Dash Cryptocurrency?
Now that you are aware of all the popular ‘How to’ options for purchasing Dash, let us see where you can actually buy Dash cryptocurrency through each of these options.
Where To Buy Dash Cryptocurrency?
Since Dash is quite old in the market, you have ample options to purchase it through credit/debit cards.
However, you need to verify your identity and get your card registered on these services to be able to buy Dash. But the process is quite simple and self-explanatory.
Another easy way to get Dash is through Changelly.
If you already have Bitcoin or Ethereum or any other Changelly supported cryptocurrency, you can very well swap it for Dash cryptocurrency using Changelly.
The fee is also quite low on Changelly as it only takes 0.5% of your transaction.
First, get your Dash address ready where you would like to receive your Dash.
Second, you should have some bitcoins/altcoins to exchange for Dash.
Head on to Changelly and select one of their recommended ways to exchange BTC/ETH for Dash and you should be doing just fine.
One more best way to buy Dash is through a Dash exchange that accepts bank deposits or wire transfer.
We have found out such services for you where you can transfer your fiat currencies () and get Dash in return. Moreover, if you are someone who wants order books in fiat to be able to bid and buy Dash in fiat then this section is for you !!
Note: Since on these exchanges you will be dealing with fiat, it is mandatory to go through a KYC check and it can take few hours up to somedays in getting your trading account ready, that’s why plan well before you intend to buy/sell on these exchanges.
If you are someone who only deals in crypto and wants to buy Dash in exchange for other cryptocurrencies such as BTC, USDT or ETH, you must look at crypto-to-crypto Dash exchanges.
On these exchanges, you will also find order books and advanced trading tools which make your life easy in formulating your investment strategy.
Note: Liquidity on these exchange is top class as most of these exchanges rank in top 50 exchanges in terms of volume on the CoinMarketCap. So you need not worry about the volumes but these exchanges sometimes stop taking new registrations when the demand of cryptos grow. That’s why the safe thing is to register on them beforehand if even you don’t intend to trade now !!
When you want to buy Dash for cash, the first thing that comes to mind is, cryptocurrency ATMs. And the good news is, there are quite a few cryptocurrency ATMs through which you can buy Dash for cash.
Coin ATM Radar: CoinATMRadar keeps track of cryptocurrency exchanges all-around the world and when you check-out for Dash ATMs you will find quite a few across the globe. So check out CoinATMRadar to see if there is any crypto ATM supporting Dash in your vicinity.
Thereafter, if you don’t have any Dash ATM nearby then you can trade Dash peer to peer in your local crypto communities. However, I won’t recommend this approach until we have escrow services like LocalBitcoins for Dash also.
Till that time trade at your own risk and beware of scammers !!
Conclusion: So Which Is The Best Way To Buy Dash?
I know some of you might be confused after knowing about so many options.
But there is no need to get overwhelmed because depending upon different investors we have listed different options for them to be able to buy Dash cryptocurrency.
And also, we have bifurcated it based on buyers choice, so you need not face any issue which deciding which way to go forward.
Lastly, these options are only good as long as you use them to only buy Dash or other cryptocurrencies because we don’t recommend you to store your Dash with these services as they are prone to attacks.
So if you have or plan to have a significant amount of Dash then don’t look beyond Ledger Nano S to store them and if you have a small amount then you can store in other Dash wallets.
That’s all from our side in the guide, and we shall be back with something exciting soon.
Untill, next stay safe and keep evolving in the cryptosphere with TheMoneyMongers !!