Where and How to Buy Dash (DASH)

Where and How to Buy Dash (DASH)

Dash started in life a simple fork from Bitcoin but has since then turned into a full-scale projectwith its own unique philosophy. The main aspect that makes Dash so special is its X11algorithm. It’s an algorithm designed to ensure the fair distribution of coins between miners.

Another interesting aspect that contributes towards ensuring Dash a technological edge over itscompetitors is the fact that it’s powered by a two-tiered, two-layered system. As mentionedbefore, the first part of the system involves miners. The second part involves master nodes.

While miners verify transactions across the network and create new blocks on the blockchain,the master nodes are responsible for the good functioning of technologies such as PrivateSend,InstantSend, and governance functions. The role of these master nodes is to enable coin mixingfor privacy, to process InstantSend transactions in less than a second and to vote on all therequired governance proposals.

There are a lot of reasons one might want to start supporting Dash, and to buy Dash as a result.For starters, there are many experts who believe that 2019 will be a very good year forcryptocurrencies in general. Dash being one of the top cryptocurrencies (ranked 14th onCoinMarketCap at the time of this writing) it’s only natural to assume that it will most likely see arise in price.

Furthermore, another good reason why you should buy Dash has to do with Dash’s technology.As more and more crypto platforms (Bitcoin being the most obvious example) struggle with slowtransaction speeds, high fees, and lots of scalability issues, Dash has none of these problemssince it was designed around them straight from the get-go.

Dash is already a very popular cryptocurrency and is accepted by multiple big names in thisindustry, as can be seen here. Another big factor to consider is Dash’s mining reward system.Miners receive 45% of the block reward, a further 45% goes to masternodes, and 10% is setaside of development purposes. All in all, Dash is a self-funding cryptocurrency platform, whichsomething that not many crypto projects can boast.

Last but not least, Dash is one of those crypto projects that has a controlled supply of tokens.Only 18 million Dash can be ever created, a cap that’s expected to be reached around the year2300. This makes Dash a very good, long-term investment.

Fortunately, buying Dash is no longer a struggle, as the crypto platform has its token listed on aplethora of good crypto exchanges out there. Some of the most notable names include; CEX.io,Binance, Changelly, Bitfinex, Kraken, Bittrex, Uphold, Abra, Bithumb, Coinswitch, Huobi. At thetime of this writing, Bithumb is the exchange with the largest trading volume for Dash (for theDASH/KRW trading pair).

Even though the exchanges listed below are slightly different, the main steps are relatively thesame. For starters, you must register an account on the exchange that allows you to buy Dash.Usually, this only implies you having to enter a valid email address and a strong password.Secondly, you will be required to provide the service with additional details such as your fullname, contact details, and possibly even a photo ID (all to satisfy the obligatory KYCprocedures).

Of course, there are various platforms that might allow you to skip this verification step, but notonly they are rare, but they usually have very low trading limits. The verification step is also thebest time to set up various security features provided by the websites. Technologies such astwo-factor authentication can really make your life better in the long run.

Next, you are required to deposit funds on into your account. It’s worth noting that mostexchanges don’t allow you to deposit fiat currencies (even though there are some exceptionssuch as CEX, Kraken, Changelly, etc.). If that’s the case, you’ll have to make sure that theexchange in question has the required trading pair. For example, if you have Bitcoin orEthereum in your wallet, you should look for pairings such as ETH/DASH or BTC/DASH.

Follow through by making your way to the markets section and choosing the desired crypto pair.Enter the exact amount of Dash you want to buy or the amount of whatever cryptocurrency orcurrency you have that you want to spend.

Last but not least, you’ll have to transfer the newly acquired DASH tokens from the exchange’sofficial wallet to your own personal wallet (which is better equipped when it comes to storingyour private keys).

Since Dash is a popular cryptocurrency, it shouldn’t come as a surprise that there are manygood options for storing it out there. In terms of hardware wallets, we recommend Ledger Nano S, Trezor, and KeepKey. Other good options include Exodus (desktop wallet), Jaxx (desktopwallet), and Coinomi (mobile wallet).

Make sure you do your own research before choosing an exchange from where to buy Dash, aswell as in regards to choosing the wallet that suits you best.

Featured image: Ethereum World News


source: https://coindoo.com/where-and-how-to-buy-dash-dash/

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