Since 2014, there has been a special online currency: Dash. So in this article we’ll show you how and where to buy Dash!

However, also what exchanges are there and if you can also get Dash tokens with PayPal, SOFORT transfer and Co.

Buy Dash: What to look out for

Since Dash counts as a “privacy currency” unlike Bitcoin, there are some differences e.g. for buying. First and foremost, pay attention to the following factors:

  • Where is the best place to buy Dash?
  • Do I want to hold Dash for the long term or speculate on the price?
  • How does a Dash wallet work?
  • Is Dash worth investing in?

Where to buy Dash? Our comparison of brokers and exchanges:

How to buy Dash: Three-step guide

Here we show you in detail how to add Dash to your portfolio. For this we use the broker eToro, as it offers the advantage that you can buy both real Dash Coins and CFDs, thus combining the advantages of a broker and an exchange.

Next, we will talk about the difference between a broker and a stock exchange.

Step 1: Register with a cryptocurrency broker or exchange

First, you register with a cryptocurrency broker or exchange.

For the guide we have chosen eToro, because this provider is broker and exchange in one. So you can buy real Dashs as well as Dash derivatives.

First, we click on the link to register with eToro:

Go to eToro registration form

In the form we enter our user name, e-mail address and password and accept the terms and conditions:

We then receive a verification email in which we click on the link to confirm the account.

Step 2: Topping up the account

In the next step, we need to fund our account with money to buy Dash. To do this, we click on the “Deposit money” button on eToro:

Next, we select the amount and the payment method we want to deposit with, and then click on the “Submit” button to deposit the amount.

Buy Dash with PayPal, Sofortüberweisung and more

In our example we show a credit card purchase. eToro also offers other deposit methods:

Payment option

Is it possible?

Buy Dash by credit card

 

Buy Dash with PayPal

 

Buy Dash with SOFORT Bank transfer

 

Buy Dash with Rapid Transfer

 

Buy Dash with Skrill

 

Buy Dash by bank transfer

 

Buy Dash with Neteller

 

Buy Dash with UnionPay

 

Step 3: Buy Dash

Now that we have funded our account, we can start the actual purchase of Dash. To do this, we click on the search box at the top and type in “Dash”.

We then click on the “Trade” button:

The purchase window will then open. Here we have the following options:

  1. Buy or sell: In our case we have to set it to “buy”.
  2. Operation or order: Here we can choose whether we want to execute the operation immediately (operation) or deferred (order).
  3. Quantity: How much Dash we would like to buy
  4. Stop Loss and Take Profit: At what loss or profit our position should be automatically sold.
  5. Leverage: With which leverage we want to buy Dash. With leverage X1 we buy real Dash, with leverage X2 we buy leveraged Dash CFDs.

Once we have configured all the options, we click on the “Open transaction” button to complete the purchase.

Subsequently, we have the Dash in our wallet, the purchase is complete!

To register with eToro

Broker or exchange: which is the best place to buy Dash?

Now that we have shown you one way to buy Dash quickly, easily and securely, there are of course other ways.

The question of how and where it is best to buy Dash is strongly related to the second question, i.e. whether you want to trade Dash for the long term or rather for the short term.

Therefore, for short-term speculation, it is recommended to trade CFDs with a broker, where you speculate on the price development of the Dash, without holding a Dash currency directly. The advantage of a broker is that you can also trade with leverage, so that even small price fluctuations can lead to large profits, but also to losses.

If you want to keep the Dash for a longer period of time, it is better to get real Dash coins, i.e. an exchange:

To buy or not to buy Dash?

Dash has been known as a cryptocurrency for several years and is traded on many exchanges. However, Dash has lost significant market capitalisation in recent years and has lost its position on the dark web. According to Marketcap, Dash is ranked 24th as of August 2020. For the latest rankings, visit the CMC website.

As a privacy currency, Dash has to face strong competitors. For example, the privacy currency Monero has replaced cryptocurrency as a means of payment on the dark web.

In the past, all major cryptocurrencies have always been able to benefit from Bitcoin’s price development. This may happen again if there is a new cryptocurrency upheaval; if and when that happens is the big question. In any case, the Dash could rise in price again in the event of a new upheaval. But if you want to add a privacy coin to your wallet, you might be better off with the Monero alternative.

Pros and cons Dash Investment

  • Widely used cryptocurrency
  • Good ranking in CMC
  • Faster transactions
  • Inflation protection through limited distribution
  • Hard-to-determine user identities
  • Strong competition
  • It has recently lost considerable importance
  • Overall investment risk

Buy Dash now at eToro

  • Real Dash or Dash CFDs with a single broker
  • nationally regulated corridor
  • Rapid deposit and withdrawal
  • fair rates
  • on 14 other cryptocurrencies

Visit the eToro website

What are the fees for buying Dash?

To make Dash’s purchase rates comparable, let’s take the following example:

  • We would like to buy 1,000 euros worth of Dash
  • We would like to keep the Dash for one month and then withdraw it to our euro account.
  • For the sake of simplicity, let us assume that the rate does not change during the 30 days.

Based on these assumptions, we will review the costs invoiced by the main suppliers:

Prestataire

etoro

coinbase

Dépôt

free of charge

3,99%

Purchase price

2,9%

1,49%

Frais de participation

free of charge

free of charge

Selling price

2,9%

1,49%

Payments

5 USD

0.15 USD

Total frais

62,16€

68,24€

Now to eToro

Dash wallets: Which wallets are useful for post-purchase storage?

A wallet is not essential for trading Dash. If you want, you can leave your DASH in your exchange account. With cryptocurrency exchanges such as Binance or Kraken, this is no problem at all. However, there are also exchanges where you can only buy Dash with your own Dash wallet – this includes AnycoinDirect, for example. It is also always a good idea to use a wallet that matches each cryptocurrency. Because if you only rely on your wallet, you might be in for a nasty surprise at some point: imagine your wallet suddenly goes bankrupt tomorrow. Then your money could disappear.

So you don’t necessarily need a Dash wallet if you want to buy Dash with Sofortüberweisung or SEPA at AnycoinDirect. But you do if you decide to buy Dash with Bitcoin on Binance – or buy Dash with Kraken.

A particularly secure wallet is the Electrum Dash Wallet. The Electrum Dash Wallet comes from a German provider based in Berlin, is easy to use and offers support in German in case of emergency (e.g. on Twitter). But before signing up with any provider, it is best to check out the Cryptocurrency Wallet Comparison 2020.

Dash historical quotes: Important milestones in Dash’s history

The cryptocurrency has had its share of ups and downs. Here are the most important milestones in Dash’s history.

  1. Launch of the Dash coin in February 2014 for around 16 cents.
  2. Following the widespread rise of cryptocurrencies, Dash increased considerably in price. Moreover, in November 2017, Dash was the most common payment method on the dark web. Moreover, as Dash had little competition in the privacy coin market at the time, Dash’s value skyrocketed from €236 to an incredible €1382.
  3. Following the bursting of the cryptocurrency bubble, the Dash Coin also plummeted and settled in the months around the €80 mark.

Alternatives to Dash: buying other cryptocurrencies or shares

On various forums, people like to discuss how to buy Dash shares. However, these interested traders are a little ahead of their time.

Because to participate in the performance of the Berlin cryptocurrency, you actually have to settle for the tokens to date.

However, it is not said that there won’t be an opportunity to buy Dash shares in the future. So keep your eyes and ears open, because the latest Dash news could herald a new investment opportunity. To stay up to date, it’s worth checking Goldreward News regularly.

Alternative 1: Dash Shares

One option would be to buy a Venezuelan government bond. During the total collapse of confidence in the Bolivar (Venezuelan) currency, Dash attempted to be accessible to those parts of the country’s population with little technical ability. Immigrants are vital to the survival of the country’s population and have become an important factor in the country’s economy, while freely convertible currencies are banned. A system was provided that also worked via SMS, making it work for people who did not have a computer, tablet or smartphone. Dash thus became the most popular cryptocurrency in Venezuela.

If Dash becomes a standardised means of payment, it could serve as a model for other countries. Moreover, this cryptocurrency is a chance for Venezuela to shine again in the big time. The government bond can be found under the ISIN: USP97475AJ95 A0TMMA.

If you want to know more about government bonds, we invite you to read our article: How to invest wisely in government bonds.

Alternative 2: Opportunities in cryptocurrencies

Apart from that, there are other cryptocurrencies that definitely have potential:

  • Buy Bitcoin: The top dog among cryptocurrencies, it is considered by many to be the “digital gold” and one of the most stable cryptocurrencies.
  • Buying Ripple: With the support of many banks, Ripple is a good alternative to Dash.
  • Buy Ethereum: Ethereum is the solution for smart contracts and takes a very similar approach to Dash.

Alternative 3: CryptoShares

Another alternative is cryptocurrency stocks: chipmakers, mining companies and even the Bitcoin group have posted strong gains so far.

  • Bitcoin stocks: For those who believe Bitcoin will outperform Dash, Bitcoin stocks are a good option
  • NVIDIA shares: NVIDIA produces important graphics chips especially for mining – if the cryptocurrency boom continues, NVIDIA is certainly a good investment.

How to buy Dash 2020 – Frequently Asked Questions

How to invest in Dash?

For example, you can buy Dash with real money. The best way to do this is by instant bank transfer or SEPA transfer on the AnycoinDirect trading site. You will find instructions at the top of this page. If you already have your own Bitcoin, you can trade Dash even easier directly against Bitcoin. Buying Dash with Bitcoin is possible on Binance, for example, quickly and easily. You can also buy other cryptocurrencies on most cryptocurrency exchanges.

Can I buy Dash with a credit card?

Buy Dash with a credit card? Yes, you can.

The Challengy cryptocurrency exchange, for example, offers exactly this payment option. It is also possible to take a detour. To buy Dash with a credit card, you can simply buy Bitcoin first and then exchange it for DASH. Both ways are described in our instructions at the top of this page, see for example the sections on Challengy and CEX.

Is Dash trading with Paypal possible?

Unfortunately, buying Dash with Paypal is not possible on any of our popular exchanges. However, you can trade Dash with Paypal on our test winner by trading derivatives. How it works, we have described it earlier on this page

Will the value of the Dash continue to rise?

Dash is expected to benefit when the market as a whole starts to grow again.

Given that the coin hardly plays a role as a means of payment on the dark web, other privacy currencies (e.g. Monero) might be the best option.

Do I need a Dash wallet?

It is not mandatory to have a Dash wallet. Still, we recommend you to get one. There are also cryptocurrency exchanges that you can only use if you have your own Dash wallet. This includes, for example, AnycoinDirect, which we recommend. In addition, having your own Dash wallet offers you protection against unexpected eventualities, such as the insolvency of the exchange platform. You can have Dash without a wallet on Kraken, for example.

Can I use my Bitcoin wallet?

Does your Bitcoin wallet support the Dash cryptocurrency? In our experience, this is usually the case with Dash.

If in doubt, it is advisable to ask the supplier directly. Many purses support different currencies.

What is the best way to invest in Dash?

In our opinion, the best way to buy Dash is through the crypto-exchange Binance. Although here you cannot buy Dash with real money, you have to pay with Bitcoin, Ether or another cryptocurrency. However, you don’t have to go through a lengthy verification process. But if you insist on buying Dash with real money, our advice is to use the AnycoinDirect crypto-exchange. And for trading Dash with derivatives, the editors recommend their test winner.

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August 9, 2021