What Is Dash?
Dash Is Digital Cash
Dash is a decentralised, peer to peer (P2P), open source cryptocurrency that has greatly increased in popularity and offers many advantages over Bitcoin and other cryptocurrencies. It even has benefits over fiat currency. The Dash Core team has approximately 50 employees, whose sole job is to improve Dash’s 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 only for 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 with which to buy Dash.
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:
Ensure that the Broker or Exchange you use is regulated by an organisation such as the Financial Conduct Authority in the UK (FCA). These types of authorities and 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.
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.
Also, the details of a trustworthy broker should be out in the open, either online or otherwise, for the public to see.
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.
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.
Buying and selling Dash costs money. Dash brokers usually charge a percentage, but you may choose to find a broker who charges a flat fee instead, as opposed to a percentage model.
Because Dash is traded in a market where people are always 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.
For more information on Cryptocurrency trading, please see our tutorial: The Basics of CryptoCurrency.