Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has Dash, and is trustworthy!
You can find our top 3 exchanges for buying Dash here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy Dash
And of course, the final step is to find Dash on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy Dash (DASH)
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How to Sell Dash
- Sign into the exchange
- Find where you stored your Dash, either on a hardware wallet or on the exchange.
- Transfer your Dash to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell Dash.
Considerations when looking to buy Dash.
Dash, an open-source cryptocurrency and blockchain, aims to provide a decentralized global payment network that's fast, inexpensive, and secure. Dash aims to improve on Bitcoin (BTC), according to its whitepaper. Dash will provide stronger privacy and quicker transactions.
Dash is a digital cash fork of Litecoin (LTC) that was launched January 2014. Dash, which went live in January 2014, has expanded to include features such a two-tier network of incentivized nodes including "masternodes" and decentralized project governance; InstantSend which allows for instant settled payments; ChainLocks which instantly makes the Dash blockchain immutable; PrivateSend which provides additional privacy for transactions.
Dash's website states that its goal is to be "the most user-friendly, scalable and payments-focused cryptocurrency in all of the world." The project relies on masternodes, which is a network of servers backed with collateral in Dash. They are designed to provide advanced services securely, governance over Dash’s proposal system, and are designed to do this. Masternodes are able to provide additional services to the network in exchange for a portion of the block rewards. They enable functions like InstantSend, PrivateSend, and ChainLocks.
Dash is targeted at both individuals and institutions. This includes merchants, financial service providers, traders, and anyone who needs to send international money remittances. Dash Core Group stated that it has three strategic goals moving forward: building its brand and ecosystem, making sure users are happy, and further developing the technology behind its network.
Dash's governance system or treasury distributes 10% of block rewards to support the development of the project in an efficient and decentralized manner. This has enabled the creation of numerous funded organizations such as Dash Core Group. Dash Foundation also receives donations and offers institutional and individual memberships.