How to Buy Dash

Dash has become one of the more popular cryptocurrencies around due to the anonymity it provides its users.

Dash has become one of the more popular cryptocurrencies around due to the anonymity it provides its users.

In this guide, I’ll give you a short overview of the currency and explain how you can buy Dash online and even offline.

How to Buy Dash SummaryTo buy Dash, follow these steps:Get a Dash wallet (e.g., Ledger Nano X, TREZOR Model T, Exodus, or the official Dash Core wallet).Find a reputable crypto exchange to purchase Dash. I recommend CEX.io, Binance, or Kraken.Transfer your Dash coins to your own personal wallet.If CEX doesn’t work out for you, here are some additional recommended options for buying Dash:Best Wallet: Best Wallet is a user-friendly crypto wallet that allows users to buy, sell, and swap crypto directly within the wallet using the built-in DEX-aggregator from 10+ CESA compliant exchanges. It offers low fees, a wide selection of coins, and supports both same-chain and cross-chain swaps.

eToro disclaimer: Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk.

eToro US customers can only invest in Bitcoin, Bitcoin Cash, and Ethereum.

That’s how to buy Dash in a nutshell. If you want a detailed review of Dash and additional buying options, keep on reading. 1. What is Dash?Dash is a popular open source, peer-to-peer (P2P) decentralized cryptocurrency that focuses on anonymity, ease-of-use and fast transactions. It aims to be a true form of digital cash, hence its name. Dash forked out of Bitcoin’s protocol back in 2014 and has been growing ever since.

The Dash Core team consists of just under 40 employees who are continually improving the protocol. Dash promotes anonymity by enabling a feature called PrivateSend. This feature allows users to make completely anonymous transactions by mixing coins through computers called masternodes in order to make it nearly impossible to track a transaction from start to finish.

Dash also has a feature called InstantSend, which allows for payment confirmation in less than a second, while avoiding the double spend problem that is a common concern with other cryptocurrencies.

In addition, Dash is secure, as transactions are confirmed by thousands of miners around the world. As you can see, Dash has a number of advantages over Bitcoin, as it ensures nearly instantaneous, private transactions. This addresses the main problems with Bitcoin as Bitcoin isn’t completely anonymous and transactions on average take a lot longer.

For a deeper explanation about Dash, watch this excellent video by Box Mining:

2. How to buy Dash in 3 Simple StepsStep 1 – Get a Dash WalletBefore starting the process of buying Dash, you’ll need to get a Dash wallet. Much like Bitcoin wallets, there are different types of Dash wallets.

For large amounts of Dash, always use a hardware wallet. If you’re just “playing” with the currency, a mobile or desktop wallet will do just fine.

Dash Hardware WalletsHardware wallets keep your private key (i.e. your funds) offline and are nearly impossible to hack. However, unlike software wallets, they have a price tag.

Most popular hardware wallets support Dash, so you can choose from either Ledger, TREZOR or KeepKey.

Personally I think that the Ledger Nano X or the TREZOR Model T are the best ones around today. You can read my Nano X review, and the Model T review here.

Dash Desktop WalletsOne of the best desktop wallets to store and use Dash would be Exodus, an intuitive and easy to use wallet available on Windows, Mac and Linux as well as iOS and Android. Exodus lets you send, receive and exchange Dash along with over 180 other cryptocurrencies.

Anyone looking for all the benefits of Dash, like PrivateSend and InstantSend, should use the Dash Core wallet available for Mac, Linux, and Windows.

Dash Mobile WalletsThere are a few mobile Dash wallets available for both Android and iOS. Edge is the most popular choice for both platforms. Additional options include the Dash Core wallet for iOS and Android. Coinomi is also a good option if you’re looking for a trusted mobile wallet, Coinomi is available on iOS and Android as well as having a desktop version for Windows, Mac and Linux.

For a complete list of compatible Dash wallets, visit the official Dash site.

Finding your Dash addressOnce you have your Dash wallet, you will need to get your Dash address. A Dash address is a long string of numbers and letters (case sensitive) that starts with an “X”. Here’s an example:

Xf9RGJcz2vRS6Pv79rYjUHrGUE7CYtJ3XaStep 2 – Find a Dash ExchangePurchasing