Cryptocurrency investments may be fun and highly rewarding; however, the experience can be scary for a new investor. If you have set your sights high, and you want to invest in DASH, one of the digital currencies known for privacy and security, you are in the perfect place. This guide will bring you up to speed with everything you need to know about how to buy Dash, right from setting up your wallet to your first purchase.
Why Invest in Dash?
Dash has been designed keeping several advantages in mind to provide you with what you are looking for in your investment. Notable among the few are:
- Privacy: A Dash transaction is way more anonymous than a regular cryptocurrency transaction.
- Security: The Dash network has a two-tier architecture for a more robust security system.
- Scalability: Dash is built for efficient handling of a high volume of transactions.
- Quick Transactions: Compared to Bitcoin, the wait time for Dash transactions to be confirmed is way less.
- Governance System: Dash has a built-in governance system, giving control of future network development into the hands of its holders.
Setting Up Your Wallet
Before you buy Dash, you must have a safe digital wallet to secure it. There are a number of wallets to choose from, and all of them have a set of different features and security measures. Here are a couple of the most recommended:
- Software wallets are free to use and come easy, but they can be less secure than hardware wallets.
- Hardware wallets offer a high level of security but come with a cost.
- Mobile wallets are the best in making transactions on the go, though they may not be ideal for the storage of large amounts of Dash.
How to Buy Dash
Once you have selected a wallet, you are prepared to make your first Dash. Here we will explain two common methods:
Purchase Dash on Cryptomus:
Cryptomus is one of the platforms very easy to use. It will allow you to purchase a selection of cryptocurrencies, including Dash. A simple step-by-step guide is given here on the buying process at Cryptomus:
- Open an account and wallet: Visit Cryptomus and enter a mail address. In the process of setting up your account, you will be asked to open your wallet.
- Pick your crypto: Once you are logged in, simply go to the Buy section and pick Dash from the list of available cryptos. Define the amount of Dash that you want to buy.
- Make a payment: Make sure the information is right when you view your purchase before selecting the payment method. Cryptomus offers some payment methods like credit cards, debit cards, and with luck probably more, depending on your country. After you pay, your Dash will be deposited into your Cryptomus wallet.
P2P Trading:
It also offers P2P trading to buy Dash. Buying crypto as P2P means that you get Dash directly from another user, not from intermediaries. You can manage pretty good prices by doing so, and Cryptomus offers a little more control over the exchange. The process is that simple:
- Search for P2P offers: In Cryptomus, it is possible to look for offers from users who are willing to sell Dash. These offers usually show price, method of payment, and minimum, and maximum purchase amount.
- Choose a seller: Choose a seller with a good reputation and offer a price that works for you. Make sure you read and understand the terms and conditions that the seller set before you start trading.
- Escrow service: Cryptomus uses an escrow service; therefore, the buyer is guaranteed that they will receive the Dash safely in their wallet, and the seller is guaranteed their payments. The seller will release the Dash to you only after you confirm you received the payment.
Other Important Considerations
Before you buy Dash, there are a few other important things to keep in mind:
- DYOR: The cryptocurrency market is risky. So, make sure to do your own research. The value of the Dash will be subject to heavy volatility.
- Transaction Fees: Note, there are transaction-related fees when you buy Dash. It varies with platforms and modes of payment.
- Regulation: Cryptocurrency regulation may vary depending on where you are. Be aware of the regulations you need to keep up with, as this may affect your investment.
- Security: Be as secure as possible. Use a secure wallet and don’t compromise your logins.
With the following steps and adequate research, you can adequately venture out as an investor in Dash. Mind you, the cryptocurrency market is pretty dynamic, so you have to keep updated and make informed choices.
