What Is Dash?

Dash Is Digital Cash

Dash is a decentralised, peer to peer (P2P), open source cryptocurrency that has greatly increased in popularity. This extraordinary digital currency offers many advantages over Bitcoin and other cryptocurrencies, and it even has benefits over fiat currency.  The Dash Core team has approximately 50 employees, whose sole job is to improve protocol continually and entice people to buy Dash. Through its focus on ease of use, maximum exposure, and high-tech advancements, Dash is poised to become a long-term player in the cryptocurrency arena. More and more investors are looking to buy Dash, and the numbers show this.

Dash’s value started out at about $11 during the beginning of 2017. Since then, Dash has increased its value to over $200 throughout the year, and it has a market cap of more than $1.5 billion. Dash is currently the fifth largest altcoin on the market.

What Are Dash’s Advantages?

According to the Dash company website, this altcoin is “digital cash.” You can spend Dash anywhere.  Dash has a feature called PrivateSend, which mixes coins through Masternodes to make it impossible to track a transaction from beginning to end.

Dash also has a feature known as InstantSend, which allows payments to be confirmed in less than one second, all while avoiding the double-spend problem, a common concern with other cryptocurrencies.  Also, Dash is secure, as miners, who collectively host thousands of servers across the globe, confirm these transactions.

Essentially, Dash lets people purchase everyday items as instantly and confidentially as they would using straight cash. If you choose to buy Dash, you can reap these benefits.

What are the Advantages of Dash Over Bitcoin?

Dash has many benefits to it that Bitcoin does not, as Dash ensures almost-instantaneous, confidential, untraceable transactions.  These features, in addition to Dash’s high-quality security, will likely lead to the continued adoption of Dash, especially for real-world transactions that need anonymity and speed.

Bitcoin will likely never be used to conduct everyday transactions such as buying groceries unless its core protocol changes drastically. Anyone looking for privacy should choose Dash over Bitcoin because Bitcoin, unlike Dash, is not 100% anonymous.

Trading Dash CFDs is also similarly advantageous, as Dash CFDs also have the anonymity of other Dash transactions. However, note that, despite the rapidity and security of Dash CFDs, CFDs, in general, are very risky and suitable for more experienced traders. If you have read through this article thus far and are feeling even the slightest bit interested in wanting to buy Dash or get involved with Dash crypto, here are some tips to finding the best online broker.

Trade Dash Online Using CFD Services

If you are interested in trading because of the opportunity to profit from the incredible volatility of Dash, your best option is to use an online trading platform that allows CFD services. Currently, there are very few CFD platforms that allow this kind of trade, so to see available options refer to our recommendations above.

CFD Brokers are a great option if you want to trade in Dash with the option to accept multiple forms of payment and if you want to buy Dash with Paypal, you can. These forums also accept major credit cards and wire transfers in exchange for the digital currency. Also, if you choose to use a forex platform, you will pay a lower commission in comparison to other alternatives. CFD and Forex companies use an exchange rate that is an aggregate of different Cryptocurrency exchanges.

Trading Dash – Getting Started with CFDs (Contracts For Differences)

Dash CFDs allow you to trade Dash without owning Dash. Dash CFDs were generated to give traders exposure to the cryptocurrency without the need for ownership.

Contracts For Differences, also known as “CFDs,” represent a contract between trader and exchange. CFDs declare that the difference between the price on entry and the price on exit will be a trader’s profit or loss. Basically, CFDs are an agreement held between two parties that simulate an actual asset.

How to Find the Best Online Broker to Buy Dash

With such a high level of market competition and massive volume of exchanges and brokers, it may be difficult for beginners to decide which to choose. Before picking the right online broker to buy Dash, keep these things in mind:

Regulation

Ensure that the Broker or Exchange you use is regulated by an organisation such as the Financial Conduct Authority (FCA) in the UK. These types of regulatory bodies develop rules and services that protect the integrity of the market and safety of traders and investors. Due to safety concerns, make sure to open your Dash trading account with a regulated broker.

Customer Service

Cryptocurrency trading happens online 24 hours a day, which means that customer support needs to be available at all times. Primarily, you will want to speak to a live support person. When checking out support, ask pertinent questions to find out if the representative is reliable or not. The details of a trustworthy broker should be out in the open, either online or otherwise, for all to see.

Account Types

Your ideal online broker for buying or trading Dash should offer either multiple account options or an element of customizability. The broker may even have a separate account for beginning traders. Look for a broker that provides competitive spreads and easy deposits and withdrawals.

Tradeable Assets

Many people concentrate on just one asset class when selecting a broker. However, keep in mind there are many other types of investment alternatives with which you can work. These include stocks, shares, Forex, ETFs, cryptocurrencies, CFDs, options, or futures.

Fees

Buying and selling Dash costs money. Brokers usually charge a percentage, but you may choose to find a platform that offers flat fee instead, as opposed to a percentage model.

Liquidity

Because Dash is traded in a market where people are looking to both buy and sell, make sure you consider the amount of liquidity an exchange has. Liquidity is the ability to sell an asset or currency without wrecking the price.

Here at TopBrokers.Trade, we take pride in providing the best possible online trading broker comparison, reviews and ratings. These reviews enable you to select the best trading platform for your needs. We don’t just help you pick a great place to trade, but also do everything that we can, to show you how to get started. For more information on Cryptocurrency trading, please see our tutorial: The Basics of CryptoCurrency.