Dash (DASH) is a well-established cryptocurrency and decentralized payment system that first appeared in 2014. Originally named xCoin and later Darkcoin, Dash—short for "Digital Cash"—was created by lead developer Evan Duffield as a fork of Bitcoin. Although its code is similar to Bitcoin's, Dash offers several enhancements, including full transaction anonymity, instant payments, and a decentralized governance structure.
New Dash coins are introduced through mining, and by the end of 2017, Dash had entered the top 10 cryptocurrencies by market capitalization. Its open-source nature allows for continuous improvement in both its payment network and digital currency features.
Why Consider Dash?
Dash offers a number of advantages that make it attractive to users and investors:
- Privacy: Transactions are private and untraceable.
- Speed: Dash offers near-instant transaction confirmations.
- Decentralized Governance: Dash uses a self-funding model where a portion of block rewards supports network development.
- Wide Acceptance: Dash is supported by a growing number of exchanges, wallets, and even crypto ATMs worldwide.
Whether you are interested in using Dash for everyday transactions or as part of a diversified investment portfolio, it remains a popular choice in the crypto ecosystem.
How to Buy Dash (DASH)
There are three primary ways to acquire Dash:
- Mining Dash (though this now requires specialized ASIC hardware)
- Purchasing through a cryptocurrency exchange
- Buying at a cryptocurrency ATM or via a peer-to-platform
For most users, buying through a reputable exchange is the most practical method.
Selecting a Cryptocurrency Exchange
Dash is listed on many major exchanges, including Binance, Kraken, Huobi, and Bitfinex. When choosing an exchange, consider:
- Security history and reputation
- Supported payment methods (bank transfer, credit card, etc.)
- Fee structure
- Geographic availability
It is advisable to compare rates across platforms to find the most cost-effective option. Smaller or regional exchanges may sometimes offer better rates than larger, more popular platforms.
👉 Compare current Dash exchange rates
Step-by-Step Purchase Guide
Step 1: Set Up a Dash Wallet
Before buying Dash, you need a secure wallet to store it. Wallets come in several forms:
- Software Wallets: Examples include Dash Core Wallet (for desktop) and Dash Electrum. These are suitable for regular users.
- Mobile Wallets: Jaxx and Dash Wallet are available for iOS and Android.
- Hardware Wallets: For maximum security, use a Ledger, Trezor, or KeepKey device to store Dash offline.
Choose a wallet based on your needs for convenience versus security. Always remember to safeguard your private keys.
Step 2: Create an Exchange Account
Sign up for an account on a licensed exchange that supports Dash. Complete any required identity verification steps to comply with local regulations.
Step 3: Make a Purchase
Depending on the exchange, you can buy Dash using:
- Fiat currency (USD, EUR, etc.) via bank transfer or credit card
- Other cryptocurrencies (such as BTC or ETH)
Once the purchase is complete, withdraw your Dash to your personal wallet for safekeeping.
Buying Dash via ATMs and Direct Services
In many countries, Dash can be purchased at crypto ATMs using cash. Platforms like BitPanda (available in Europe) also allow users to buy Dash using credit cards or online transfer methods. Always confirm the terms and fees before completing a transaction.
How to Sell Dash (DASH)
Selling Dash is a straightforward process, typically conducted through the same platforms where you buy it.
Using Exchanges to Sell
To sell Dash on an exchange:
- Transfer your Dash from your wallet to your exchange account.
- Place a sell order at the current market price or a limit order at your desired price.
- Once the sale is complete, you can withdraw the resulting fiat currency to your bank account.
Alternative Selling Methods
Peer-to-peer platforms and crypto ATMs that support selling can also be used. Some services, particularly in Eastern Europe, offer competitive rates—platforms like BestChange provide real-time comparisons of exchange offers.
Always be aware of transaction fees, exchange rates, and processing times when selling cryptocurrency.
Frequently Asked Questions
What is Dash?
Dash is a cryptocurrency focused on privacy and fast transactions. It was launched in 2014 as a fork of Bitcoin and operates on a two-tier network with decentralized governance.
Is Dash anonymous?
Yes, Dash offers optional privacy features that make transactions untraceable, offering stronger privacy than many other cryptocurrencies.
Can I mine Dash?
Yes, but mining Dash profitably requires specialized ASIC hardware. CPU and GPU mining are no longer economically practical.
Where can I spend Dash?
Dash is accepted by a growing number of online and physical merchants worldwide. It can also be used in countries with high inflation as a medium of exchange.
How do I secure my Dash?
Use a hardware wallet for long-term storage. For smaller amounts, reputable mobile or desktop wallets are sufficient. Always enable two-factor authentication where available.
What’s the difference between Dash and Bitcoin?
Dash offers faster transaction times, lower fees, and optional privacy features. It also uses a self-governing and self-funding model, which sets it apart from Bitcoin.
Final Tips
Whether you're buying or selling Dash, always use reputable platforms and ensure you understand the fee structure. Monitor market conditions and consider using limit orders to get the best possible price. For those looking to trade or hold Dash, staying informed about network upgrades and market trends is key.