What is Dash?
Dash is a frequently used open source, peer to peer (P2P), decentralized cryptocurrency which boasts a range of benefits over fiat currency, Bitcoin, and other cryptocurrencies. The Dash team are always improving the protocol to bring better quality. They focus on ease of use, exposure and technological advances.
How Does Dash Work?
Dash is digital cash which can be spent anywhere. It has a feature called PrivateSend which mixes coins through Masternodes so that transactions cannot be tracked. Dash also has a feature called InstantSend which brings confirmation of payments down to less than a second, while avoiding the double-spend issue that is frequent in other crpytocurrencies. Furthermore, Dash is secure as miners around the world confirm transactions. In a nutshell, Dash allows you to purchase everyday items as quickly and privately as you would with cash.
How Can You Buy Dash?
Step 1 – Acquire a Dash Wallet
Before buying Dash you’ll need to get a Dash wallet and there are different ones to choose from. For sizeable quantities of Dash, you’d be advised to use a hardware wallet but for smaller amounts, a mobile or desktop wallet would suffice.
Dash Desktop Wallets
The simplest way to store and use Dash is with the Electrum Dash Wallet. Unfortunately, this wallet does not have a great deal of features like InstantSend or PrivateSend. Anyone looking for all the benefits of Dash should use the Dash Core wallet available for Mac, Linux, and Windows.
Dash Hardware Wallet
This is a secure way to store Dash for an extended period of time.
Dash Mobile Wallets
Android and iOS users have a few wallets to choose from; Jaxx is the most popular choice for both. In addition, iPhone users can use DashWallet v.0.9. Hash Engineering Solutions and Coinomi also make Dash mobile wallets for Android exclusively.
Step 2 – Buy Dash
Generally speaking, buying cryptocurrencies is more difficult for newbies than it should be. People who already own Bitcoin can simply trade it for Dash on various exchange sites like Changelly and Shapeshift.
Buy Dash with a Wire Transfer
BitPanda – You can use your credit card, Skrill account, SEPA transfer or SOFORT transfer. Buying on Bitpanda requires verification and buying limits are relatively low (600 Euros). BitPanda is available in Europe only.
Kraken – Kraken allows you to fund your account with USD or EUR through a wire transfer and then buy Dash directly.
AnyCoinDirect – This site makes it simple to buy Dash directly via SEPA transfer for customers who are based in Europe. They are the largest European cryptocurrency exchange and their fees are relatively cheap. After being verified, it takes about 2 days to receive Dash.
Exchange Bitcoin For Dash
So you’ve already got Bitcoin? You can easily trade Bitcoin for Dash by transferring it to one of the main exchanges such as Changelly, Kraken or Poloniex.
Step 3 – Move the Dash coins to your wallet
Once you finish buying Dash don’t forget to move the coins into your personal wallet. Never leave coins on an exchange as they can be lost or stolen. Once the coins reach your wallet you officially own Dash.