Guide: The Best Exchanges to Buy Dash Cryptocurrency

Dash, often called ‘digital cash’ is one the rapidly growing cryptocurrencies with an expanding market capitalization. It was launched in 2014; and since then it featured as one of the top digital currencies with the highest rate of adoption. As its name suggests, the aim of the cryptocurrency is to improve the usability of digital cash. It has been consistently upgrading its protocol and infrastructure to improve its privacy and transaction speed features.

With this currency, people can make anonymous, instant payments either in stores or online. With its lucrative features, many people try to invest in it, but always face one obstacle – where to buy Dash?

Below are the popular exchanges from where traders can buy Dash, listed in an alphabetical order:

Binance

The headquarters of Binance is in China and was established in July 2017. The irony with this platform is that its showing rapid growth all over the world except in its home nation, China.

Since this exchange is available in several countries, it provides support for multiple languages from all over the world, including English, Chinese, Korean and Japanese.

Currently, Binance trades upwards of 50 crypto assets. Additionally, another advantage is its speed and the ease with which verification occurs.

Traders can buy and sell Dash on the Binance platform in the following pairs:

  • DASH/BTC
  • DASH/ETH

To register on the exchange, you can simply follow the required steps. It’s important to note that you will receive higher withdrawal benefits upon successful verification.

Due to the presence of BNB, the native crypto-token of Binance, the platform offers the cheapest way to trade crypto assets.

Bitfinex

Bitfinex is one of the biggest and most prominent cryptocurrency exchanges in the current market. It has its base in Hong Kong and launched in 2014. Therefore, the largest volume of BTC trades are conducted via Bitfinex

On this platform, users can purchase the 13 cryptocurrencies mentioned below while exchanging USD or BTC:

  • Bcash
  • Bitcoin
  • Dash
  • EOS
  • Ethereum Classic
  • Ethereum
  • IOTA
  • Litecoin
  • OmiseGO
  • Monero
  • Ripple
  • Santiment
  • Zcash

Traders can buy and sell the digital currency via Bitfinex in the following pairs:

  • DASH/BTC
  • DASH/USD

One needs to begin with registration, ID verification and authentication before starting on Bitfinex.

It’s important to plan ahead before starting the account setup on Bitfinex. The platform accepts users 15 to 20 business days after the valid ID submission, so the whole process takes a long time.

There are even a Bitfinex app for both Android and iOS mobile devices for those who want to trade on-the-go. However, the biggest challenge is that Bitfinex doesn’t support or accept residents of the US anymore.

Bittrex

Bittrex has its base in the USA and complies with every US rule that is currently in place. As a result, traders’ find funds are secure while using this platform. More than 190 cryptocurrencies are available to trade on this exchange, including Dash, Bitcoin, Ethereum and many more.

Traders can buy and sell the currency on Bittrex in the following pairs:

  • DASH/BTC
  • DASH/ETH
  • DASH/USDT

Currently, Bittrex is available in many countries worldwide.

To start on Bittrex, one needs to register and use an email ID for logging in. However, the platform asks for a KYC while withdrawing funds. The steps in KYC  include the submission of ID documents and phone number. Additionally, it asks to enable 2FA (two-factor authentication) for greater limits.

CEX.io

CEX is based in the UK and launced in 2013. It enables traders to buy and sell four different types of cryptocurrencies, namely BTC, ETH, and ZEC. It holds quite a prominent place among the crypto exchange platforms.

CEX supports traders via the methods mentioned below:

  • Involving purchase of DASH through bank transfer
  • Involving purchase of DASH using a credit card

Traders can buy and sell the currency on CEX in the following pairs:

  • DASH/USD
  • DASH/EUR
  • DASH/GBP
  • DASH/BTC

This platform supports almost all the countries in the world. One can cross-check the availability of their country on this  list. Another method involves submitting a request to the exchange regarding the account setup process.

It’s important to start the card authentication and ID verification process at least 3-4 days prior to the date of opening the account. The reason is that the CEX accounts take quite a lot of time during the verification step.

Changelly

Changelly is popular with crypto-traders as an instant-exchange, multi-currency website; open to most of the nations in the world.

Its main criteria is the availability of a credit/debit card or the exchange of crypto like Bitcoin against Dash.

The process for buying the cryptocurrency is very simple. As long as a person has a Visa or Mastercard credit/debit card, they can create a Changelly account make instant purchases.

According to the announcement by Changelly at the end of 2016, it supports currencies from any nation, including USD/GBP/EUR/INR/, and more. It subsequently takes that currency in the value equal to the USD. You can check the relevant exchange rates here.

Depending on the country, there are different restrictions regarding making purchases with debit or credit cards. A disclaimer on their site states: the rates for purchases on Changelly are substantially higher than anywhere else. So, most traders use Changelly as a last resort.

Another method of using Changelly involves the exchange of other crypto coins like BTC or ETH. This simple exchange process requires the following:

  • One should possess a Dash address to receive coins.
  • Bitcoins or altcoins to exchange for Dash

Kraken

Kraken started in 2011 with its base in San Francisco, U.S.A. It is famous as one of the most important Bitcoin exchanges with the largest volume of EUR. Currently, the platform operates in the US, Canada, EU and Japan.  It enables its users to buy and sell USD, EUR and BTC.

Besides Bitcoin, it also allows for the trading of a multitude of cryptocurrencies, including ETH (Ethereum), ETC (Ethereum Classic), LTC (Litecoin) to name but a few.

Traders can buy and sell the cryptocurrency on Kraken in the following pairs:

  • DASH/USD
  • DASH/EUR
  • DASH/BTC or DASH/XBT

The process to start buying is easy. However, the verification process of Kraken accounts involves three tiers and is time consuming. More details regarding signup, as well as verification can be found here.

Conclusion

There are many crypto exchanges where traders can buy and sell Dash.  However, the prospective trader should consider the country, special charges, exchange rates and other aspects before committing to anything. It is also prudent to familiarize oneself with the rules and regulations involved in trading before making any decisions.

 

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The post Guide: The Best Exchanges to Buy Dash Cryptocurrency by Saket Kumar Singh appeared first on BittPress.