Initially founded in 2014, Dash has always been one of the most popular cryptocurrencies in the blockchain sector. You may find Dash as a mode of payment on several websites or platforms that support cryptocurrencies as a means of exchange. This is because of is similar to Bitcoin. Dash also shares the primary use case of being an efficient payments network. While the growth of Dash has been highly volatile over the years, its community has seen consistent growth, mainly due to a fundamentally strong product offering and its potential as a cryptocurrency.
Dash was initially launched as Xcoin before being rebranded as Darkcoin for a brief period. In 2015, the token got its current name, quickly gaining popularity with many investors. Evan Duffield and Daniel Diaz co-founded it with the motto of creating a privacy-first asset of exchange.
As mentioned before, the project was created keeping in mind the control and privacy that users should have with their funds. The idea for this was referenced from Bitcoin’s whitepaper released by Satoshi Nakamoto in 2008. While Dash’s fundamental use was innovative and ambitious, it became an altcoin prone to pump-and-dump scenarios. This was during the early days of cryptocurrencies when Dash was among the top cryptocurrencies in the entire space. Rather than being an anonymity-centered token, Dash aims to be a day-to-day medium of exchange and a good one at that.
How to Buy DASH (Quick Step Guide)
- Step 1: Open an eToro Account – The first step is to open an eToro Account, which requires signing up at etoro.com and providing KYC details.
- Step 2: Deposit Funds – Link a deposit method and then proceed to fund your account for $10 if you are from the UK or the US. You can fund your account using crypto or fiat methods like debit/credit cards.
- Step 3: Search for DASH – Find a pairing of “DASH” to your deposited crypto – on eToro, you must search for the token by typing in the ticker name –DASH – in the search bar.
- Step 4: Buy DASH – Click on the “Open Trade” button, enter your buy order, enter the amount of DASH tokens you want to buy, and click the Trade button to submit.
Where to Buy DASH in 2024?
Dash is a popular crypto that was once counted as one of the most valuable altcoins in the industry. It may not be within the top 10 cryptocurrencies but it is still a widely known digital asset. Buying DASH may not come off as a task since almost every leading exchange hosts the token.
Here, we have listed and reviewed the three best exchanges that beginners and experienced investors can use to buy DASH tokens. All of them cater to a global audience and have a trusted following, thanks to their experience. Each exchange’s interface can be pretty easy to navigate. It often comes with in-built video tutorials and educational resources so that the investors do not have trouble finding or buying their desired cryptocurrencies.
eToro – Award-Winning Cryptocurrency Exchange
As an exchange nominated for and even won multiple awards as a financial assets broker, eToro is undoubtedly one of the best platforms for buying DASH tokens. It was founded in 2007 and has remained a prominent name in finance. eToro is a platform that deals with everything finance-related and hosts multiple market asset categories for users to invest or trade in. A popular feature of eToro is its copy-trading option, where investors can copy the strategic decisions made by professional traders and make similar investment or trading decisions for better profits.
It boasts 3000+ investable assets – out of which upwards of 79 are cryptocurrencies, and caters to more than 30 million users worldwide. Headquartered in Central Israel, the entity has offices in more than 10 locations across the globe. It is regulated by some of the most reputed government bodies like the CySEC, FCA, and ASIC. Multiple payment options, dummy accounts to practice trades, a wide variety of cryptocurrency pairs, and an efficient user interface makes eToro a recommended choice for buying DASH tokens.
Pros
- Investors can copy other traders using the copy trading tool
- Virtual Portfolio and educational tools for beginners
- Social trading platform to connect users
- Zero commission on stocks
- Competitive spreads depend on the types of cryptocurrencies
Cons
- It may not be suitable for traders looking for advanced technical analysis
- Withdrawal fees
- Inactivity fees
- Limited investment options
Your capital is at risk
Binance – Top Crypto Exchange with High Liquidity
Binance is the biggest cryptocurrency exchange in the world, with upwards of 14 million weekly visits. It is the No. 1 exchange in the industry regarding volume traded and consists of some of the most innovative and sought-after product offerings. Launched in 2017 by Changpeng Zhao, Binance took off instantly and quickly amassed one of the most significant communities. It has offices in several parts of the world and caters to a global audience.
It hosts more than 350 top cryptocurrencies for users to invest or trade, along with a wide variety of features that appeals to every type of cryptocurrency enthusiast. Binance boasts more than 120 million users and has dipped its toes in almost every blockchain category, like Defi, NFTs, Gamefi, etc. With its blockchain network and many more components, it is one of the safest and best options when buying a cryptocurrency like DASH.
Users can also benefit from its high liquidity since the volume traded on the platform is higher than every other exchange. Binance has also bought hefty insurance packages so investors can be compensated if the platform is affected by external threats like a hack. With swift deposits and withdrawals, buying DASH on Binance comes easy, and so does sending it across to other wallets for actual use.
Pros
- Basic and advanced trade setups
- Good liquidity
- Extensive educational resources
- Various deposit options
- Hundreds of cryptocurrency pairs
- Secure multi-currency wallet
Cons
- Complex platform; may not be suitable for absolute beginners
- Has run into regulatory trouble in several countries
Your capital is at risk
OKX – Popular Crypto Exchange with Low Fees
While eToro and Binance are two of our top recommendations, another one that investors should not overlook is the OKX exchange. Not only is it one of the most trusted entities in the blockchain space, ranking seventh on CoinMarketCap, but it is also an ideal platform for beginners since the interface has been created, keeping in mind any difficulties that newbies to the cryptocurrency industry may face.
Since its inception in 2014, OKX has positioned itself as one of the best cryptocurrency exchanges regarding liquidity, safety, fees, products, and trading efficiency. It has set up an entire paper trading section, where players can practice trading or investing with demo funds before injecting real money into their accounts. It is one of the top 10 cryptocurrency exchanges in the world, according to CoinMarketCap, and has an extensive set of features to support this claim.
One can learn about crypto, purchase NFTs and even stake their crypto for reasonable interest rates on the OKX platform, which is currently a top choice in over 180 locations across the globe. So if an investor is looking for an exchange with excellent customer support, no deposit or withdrawal fees, and several other perks in one place, then OKX can be an ideal option.
Pros
- Accepts multiple payment methods, such as a bank transfer
- Huge selection of crypto coins
- Allows a range of pro-trading options like spot, futures, and derivatives trading
- It has an easy interface together with a separate mobile application
- Low trading fees
- Zero OKX deposit fees
Cons
- US citizens are not allowed
- A demo account is not available
- There are limitations to withdrawals
Your capital is at risk
What is DASH?
The DASH token was introduced as a fork to LTC and has since reigned as a payment alternative to Litecoin and Bitcoin, the frontrunner cryptocurrency. The company had initially tried to create a private and completely anonymous payment structure when it was called Darkcoin. However, it shifted its plans to become a more widely used medium for daily transactions, effectively one that can be utilized as an alternative to fiat.
Each technology’s algorithm to mine coins is the primary distinction between Dash and Bitcoin. Dash uses the X11 algorithm, a modification of the proof-of-stake (PoS) algorithm. Additionally, it leverages “CoinJoin” mixing to encrypt transactions on its blockchain and enable privacy. Bitcoin uses a proof-of-work (PoW) algorithm. The systems used by the two cryptocurrencies to process transactions differ.
On the blockchain of Bitcoin, each network node must verify a transaction. Infrastructure for full nodes must be heavily invested in the process, which aims to ensure consensus without authority (full nodes are nodes dedicated to mining). Under this arrangement, full-node Bitcoin miners invest growing sums of time and money in guaranteeing smooth operations.
DASH also addresses the issue of transactions’ scalability, which BTC lacks. This is because the quantity of nodes needed to authorize a transaction is decreased to a tolerable level. Masternodes allow transactions from the miner network and give the Dash network services like payment and privacy.
Is it Worth Buying DASH in 2024?
The fortunes of DASH in the realm of cryptocurrency have had a tumultuous trajectory over the past few years. Influenced by various factors, its popularity has undergone shifting dynamics. However, what currently bears significance is the impact of a significant market downturn on its standing.
DASH, the cryptocurrency token being discussed, distinguished itself from its counterparts by demonstrating exceptional growth throughout 2017. Starting the year at a modest $43.82, its value skyrocketed to an astonishing $50.49 by September. However, this surge was overshadowed by the rapid and extraordinary rise it experienced soon after.
The wider DASH market experienced significant inflation during this period, with the token itself not escaping its effects. Between October and December 2017, its value soared from $50.50 to an impressive $61.14, only to decline to $47.26 by December 2018.
During the Covid-19 pandemic, while many currencies struggled, DASH took a unique path. It showed remarkable volatility, fluctuating between $75 and $90. This resilience earned the trust of investors and boosted DASH’s momentum.
In the middle of 2021, the value of DASH experienced a significant surge, surpassing $400. However, this achievement was short-lived as the price quickly plummeted. Towards the end of 2021, DASH underwent a correction and fell below the $150 threshold. The year 2022 continued to witness substantial price fluctuations for DASH.
However, in 2023, the dawn brought promising signs of DASH’s underlying potential. By March, it experienced a surge surpassing the $70 threshold, showcasing its remarkable ability to recover. Despite subsequent gradual declines over the following months, DASH steadfastly maintained its position above $40.
Despite the prevailing bearish sentiments impacting most cryptocurrencies, DASH has shown remarkable resilience and sustained momentum. This unfaltering determination is seen as an indicator of a potentially bullish rally for the DASH coin in the coming years.
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DASH Price
Dash (DASH) currently holds a value of $32.98, indicating a slight decline of -0.44% within the past 24 hours. This movement is attributed to the ongoing market volatility. The trading volume for Dash during this period amounts to $49.37 million, contributing to its market capitalization of $376.03 million. Despite its presence, Dash possesses a market dominance of 0.03%, reflecting the diversity within the cryptocurrency realm.
In retrospect, Dash witnessed its peak on December 21, 2017, when it reached a record high price of $1,726.83. Conversely, its lowest point was documented on February 14, 2014, plummeting to a mere $0.213954. Since attaining the all-time high, Dash’s value plunged as low as $26.26, representing its cycle low. However, during the intervening period, it experienced a significant surge to $39.26 – marking its cycle high.
Dash’s current circulation comprises 11.40 million DASH out of a maximum supply of 18.90 million DASH, resulting in a yearly supply inflation rate of 4.99%. This translates into the creation of 541,738 DASH tokens in the past year.
DASH Price Prediction
Dash’s future price projections indicate a prevailing bearish sentiment, reflecting cautious outlook among investors. Currently, the market sentiment gauge known as the Fear & Greed Index registers at 51, signifying a state of neutrality within the community.
However, Dash’s future price trajectory is being influenced by potential catalysts that have emerged. It is worth noting that the Dash network has been experiencing growth, and recent developments have stirred up activity in the decentralized finance (DeFi) arena.
Maya Protocol, a decentralized liquidity protocol, has announced its integration with the Dash blockchain. This historic milestone now allows Dash users to trade and earn through a decentralized and permissionless exchange seamlessly.
The Maya Protocol is a platform that allows users to seamlessly exchange cryptocurrencies across different networks while retaining full control over their tokens. This permissionless system empowers individuals to transact without relying on intermediaries or sacrificing custody of their digital assets. Dash, recognized as one of the pioneering cryptocurrencies, places strong emphasis on high transaction speed, privacy protection, and decentralized self-governance
The emphasis on Dash’s technological capabilities has garnered support from a vibrant community and dedicated team of developers. Consequently, Dash has gained significant traction as a preferred payment method. In the current landscape, Dash stands out as an accessible and practical cryptocurrency, offering various integrated services that promote its usage as digital cash.
The integration of Dash into Maya Protocol introduces a new layer of connectivity within the ecosystem, allowing for seamless exchange between Dash and other prominent crypto assets like BTC, ETH, USDT, RUNE, and CACAO. Importantly, this exchange occurs without relying on centralized intermediaries.
Well, well, what do we have here.
🍫☀️https://t.co/aGxL0OCZdg@Dashpay @Maya_Protocol— eldorado.market ☀️🧭 (@eldorado_market) August 4, 2023
The innate advantages of Dash, such as its speed, privacy, and self-governance, align seamlessly with Maya’s mission. Maya aims to facilitate fluid cross-chain liquidity with minimal friction. It is important to note that Dash will be the exclusive chain handled by Maya and will not be shared with THORChain.
Adding to recent developments, Dash has announced the launch of dashpay.io, which introduces the Dash Platform Data Contract Creator. This web application empowers users to automatically generate data contracts based on descriptions of their decentralized applications (dApps) using OpenAI’s artificial intelligence capabilities.
Today we are announcing https://t.co/E2lscgYb18!
The Dash Platform Data Contract Creator.
This web app allows users to automatically generate data contracts based on descriptions of their dapps using AI @OpenAI, and/or use a dynamic form to build and tweak them to perfection!
— Dash (@Dashpay) August 11, 2023
Additionally, users can leverage a dynamic form to construct and refine these contracts to their precise specifications. As Dash navigates the evolving cryptocurrency landscape, these recent advancements and integrations are poised to shape its future price trends and adoption trajectory significantly.
DASH Price Prediction 2023
2023 may be a good year for DASH. We expect the project to be adopted by some newer organizations, thereby increasing its demand. DASH will likely be trading in the $120 level by this year’s end.
DASH Price Prediction 2024
Under ideal market conditions, DASH may be able to become a cryptocurrency that gains major traction across the sector. This growing attention could help the token increase in price further. We predict DASH to be worth about $186 towards the end of 2024.
DASH Price Prediction 2025
With a strong team, DASH may be able to scale its product and become a name that is common within the payments industry. If it can successfully penetrate the payments network industry and partner with major organizations by 2025, we may see the token within the $320- $410 range.
DASH Price Prediction 2026
After a point, the market cap of DASH will have inflated to an extent where considerable growth will be directly dependent on the interest shown by its dedicated community. With more collaborations, partnerships, adoption, and overall support from its investors, DASH may be able to spike in price and potentially explore the $630 range.
Your capital is at risk
Ways to Buy DASH
Buy DASH with Credit/Debit Cards
Credit/Debit cards offer quick, convenient, and almost instant transactions when buying cryptocurrencies. However, these types of transactions almost always cost more than bank transfers. Moreover, not all of the providers offer credit/debit card payments. The cheapest way to buy DASH with a credit or debit card is at reputed cryptocurrency brokers.
Buy DASH with Paypal
PayPal is one of the most popular payment services on the globe. The service is trusted by millions of customers worldwide due to its security and convenience. PayPal maintains its tight security by strict rules, which include denying cryptocurrency and crypto-related transfers.
Therefore, you can’t buy Dash with PayPal directly. However, a workaround lets you indirectly convert Dash to PayPal. Exchanges, such as eToro and Binance, often accept PayPal deposits. Just create and verify your account, deposit funds via PayPal, and use that to buy Dash.
Buy DASH without KYC
Privacy-conscious users might want to take the DEX route if they don’t want to reveal their KYC details. But that method is difficult to pursue for beginners, and the onus of handling the tokens rests on the users only.
That said, Changelly and OKX DEX are suitable options for those wanting to swap DASH without providing any KYC details.
Best DASH Wallet
Bought DASH must be stored in a good cryptocurrency wallet for security. Many non-custodial wallets like Ledger and Phantom are great choices for the security conscious.
Beginners who want easy access to their tokens and flexible options can opt for an eToro wallet. The eToro wallet is downloadable on all mobile devices and is suitable for holding all kinds of assets – including DASH.
Your capital is at risk
How to Buy DASH – Step-by-Step Guide
Step 1: Register on the eToro Exchange
eToro has one of the easiest registration processes. To get started, all you need to do is fill out a form that will appear as soon as you visit the website and click the “Create an Account” option. You must fill out simple details like your name and email ID and create a password here. You can also complete the exchange’s KYC process, which is verified almost instantly.
Step 2: Deposit Funds
To buy DASH tokens, you must have funds in your eToro account. You can choose from various payment methods at eToro to add money to your account. Alternatively, you may send tokens directly to the exchange for 0 fees if you have stablecoins or other cryptocurrencies you want to exchange for DASH in your Defi wallet.
Step 3: Buy DASH
After funding your account, look for the DASH ticker on the eToro spot section. You can choose to buy the token on the next page. Place an order by entering the number of tokens you want to buy. The DASH tokens will be automatically transferred into your eToro exchange wallet as soon as the current token value reaches the price of your order.
How to sell Dash?
After a time when your coins have risen so much, you may want to sell them to make some profits on your investment. In other, less fortunate cases, you seek to sell your digital currencies to minimize your losses. The same can happen with DASH, so we are here to show you briefly how to sell Dash on one of our top-rated cryptocurrency exchanges, eToro.
- Go to eToro and click on the portfolio button.
- Select “DASH.”
- Select the number of DASH tokens to sell on the pop-up that appears before you.
- Click on the “close trade” button to close your position on DASH.
Your capital is at risk
Conclusion
Now you know the best services where you can buy Dash. You have also learned to use these services and different payment methods (credit card, PayPal) to purchase the coin. And you knew the difference between buying crypto CFDs and trading while owning the coins in a wallet.
After analyzing numerous exchanges, we made eToro, Binance, and OKX our top picks for buying DASH. As reputed entities within the space that offer good security and an efficient trading engine, all three exchanges above could be excellent options for beginners and experienced investors to stock up on some DASH tokens.
eToro - Our Recommended Crypto Platform
- 30 Million Users Worldwide
- Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
- Free Demo Account, Social Trading Community
- Free Secure Wallet - Unlosable Private Key
- Copytrade Professional Crypto Traders
FAQ
Can I invest in Dash?
Yes, Dash is a cryptocurrency that is widely available across multiple crypto exchanges, Anyone can buy DASH tokens. However, our top picks for buying DASH are the eToro, Binance, and OKX exchanges
What’s the most secure Dash wallet?
Keeping your Dash secure is crucial when you are using a cryptocurrency wallet. Therefore, you must select a service to keep your coins safe. We recommend using trusted hardware wallet brands like Ledger, Trezor, and KeepKey. These providers are highly praised in cryptocurrency, and their devices offer storage for numerous coins, including Dash. However, suppose you want to stay with a software wallet. In that case, Metamask is a great service you can trust.
Can DASH be a profitable cryptocurrency?
We expect DASH to be a profitable investment. While it may not essentially have a strong short-term potential, the token can surely be an exceptional investment for long-term holders.
What was Dash called before?
Dash was initially launched as Xcoin, which was later rebranded to Darkcoin. However, since the team decided to focus on making the project a daily transactional asset, they changed the name again to Dash in 2015
Is Dash a scam?
No, Dash is certainly not a scam. The cryptocurrency has a solid team that continuously improves the network. Also, many investors and traders have made profits by either buying and holding the coin or by trading it.
Should I invest in Dash?
That’s a question you need to answer yourself. Do you have the necessary financial background that would allow you to invest in Dash? Did you do a thorough background check on the coin? If yes, did you find the coin a solid investment? If you answered all these questions yes, then you may go for investing in Dash.