Founded in 2014, DASH is one of the most established digital currencies across the globe today. The decentralized peer-to-peer network was built to allow for cost-effective and easy flow of currency. Today, DASH crypto is accepted by a wide variety of retailers and provides more privacy and user-friendliness than fiat currencies.

With the price per coin now back at early 2017 levels, around the $100 range, some investors are researching where to buy DASH and hold it as an investment.

Where to Buy DASH Coin – Top Platforms

Below are four of the best crypto platforms that have listed DASH for purchase, alongside other cryptos.

1. eToro – Overall Best Place to Buy DASH Coin for 2022

eToro, a registered online brokerage that was founded in 2007, is at the top of our list of the best places to acquire DASH coin. You can buy DASH on a spread-only basis with eToro, so instead of paying traditional fees, your fee will be the difference between the bid and ask (buy and sell price). eToro charges a 1% spread.

eToro covers more than 60 different digital assets in addition to DASH. Bitcoin, Solana, Cardano, ApeCoin, Dogecoin, Ethereum, and XRP are some of the most popular tokens traded on eToro.

Traditional asset classes, such as the US and foreign equities, ETFs, FX, indices and more are also available on eToro. If you want to buy DASH but also want to gain exposure to other digital assets, the eToro Crypto Portfolio is a good option.

This is a passive financial instrument that allows you to buy more than a dozen different cryptocurrencies at various weights with a single investment. You won’t have to bother with research or continuous maintenance as the portfolio is managed by eToro.

In terms of supported platforms, you can buy DASH coins on eToro’s main website or through its mobile app for iOS or Android. Download the eToro app via the website link below to ensure you use the correct app.

eToro is well regulated – offering peace of mind to investors – including by the FCA, ASIC and CySEC.

2. Crypto.com – Buy and Trade DASH on Margin

Crypto.com has grown in popularity in recent years having featured Matt Damon in their adverts and sponsored the F1. The website aims to provide its users with an exciting range of ways to make money with crypto.

Not only can you buy DASH and 250+ other cryptos but it also offers margin trading on leverage, ways to earn interest on crypto with its ‘Crypto Earn’ program, and a metal VISA card to spend crypto in stores.

When purchasing DASH with a debit card, Crypto.com charges a commission of 2.99 percent. The platform, however, waives this price for the first 30 days after you create an account.

Crypto.com also has a mobile wallet that supports more than a hundred different digital currencies, and is a DeFi wallet too, supporting many DeFi tokens.

Crypto.com also functions as an NFT marketplace, allowing users to invest in NFTs cryptocurrencies such as Ethereum and trade NFTs. We reviewed the Crypto.com NFT marketplace here.

3. Coinbase – User-Friendly Way to Buy DASH Coin Today

Coinbase could be the appropriate broker for you if you’re seeking a very beginner friendly cryptocurrency platform that allows you to buy DASH crypto with one click. This established platform, which was founded in 2012, is now a NASDAQ-listed stock. Coinbase has a solid reputation in the market, with tens of millions of consumers on its books.

To buy DASH coin on Coinbase, you must first create an account and upload identification. Then, with a Visa or MasterCard deposit, you can pay for your digital tokens right away. At Coinbase, the cost of purchasing DASH coin with a debit or credit card is nearly 4%, which is quite high.

In addition to DASH, Coinbase has 100+ other digital assets, making it a useful platform for people wishing to diversify. Despite the main platform’s fees, it has top-notch security protocols and does offer a Coinbase Pro platform which has lower fees, starting from a 0.4% taker fee on the Pro version.

When you check in to your account from a new device or IP address, for example, you’ll be asked to validate your identity with an email code. In addition, all account users must enable two-factor authentication. Clients’ digital tokens are also kept offline 98 percent of the time.

4. Binance – Trade DASH at 0.1% per Trade

Binance is another good option to trade DASH with low fees. This top-tier exchange is now used by over 100 million registered users, owing to its low costs. Its trading fee is 0.1% or lower when you sign up via a Binance referral link and use BNB to pay the trading fees.

However when first buying crypto with a debit or credit card the fees are on the higher side at 4.5 percent so it’s a platform best used to trade crypto that you bought elsewhere, for example on eToro. Many investors open accounts on two platforms then send a portion to themselves to trade with on Binance.

You’ll have access to over 600 other digital currencies on Binance or around 50 if based in the United States and using the BinanceUS website. This includes both large-cap blockchain assets like Bitcoin, Ethereum, and Cardano and less liquid ERC-20 tokens.

Binance provides a variety of storage choices regardless of how you want to pay for your DASH investment. This includes its own Trust Wallet software, which also provides access to PancakeSwap, a popular decentralized exchange. 

What is DASH?

Dash has existed in some form or another since 2014. It was previously known as XCoin, and it was created after founder Evan Duffield, who was dissatisfied with the speed of Bitcoin transactions, decided to create his own coin with the goal of having faster transaction speeds and more anonymity.

Dash is a hard fork of Litecoin, which was forked from Bitcoin in the first place. The coin has a hard cap of 18 million Dash coins, which is less than Bitcoin’s supply; this is already a promising sign that the price will climb even more.

Unlike Bitcoin, the average block mining time on the Dash blockchain is 2.5 minutes, which is about four times faster than Bitcoin’s average block mining time of roughly 10 minutes. Dash transactions are substantially faster than Bitcoin transactions, which makes it appealing for everyday use.

Masternodes, which make up a second-tier network on top of the first tier, which consists of typical network miners, are some of the most technical key components of the blockchain. PrivateSend is another technique that helps to maintain fungibility by swapping money between users.

This breaks the traceability of coins, making the network safer because a transaction cannot be tracked, and the coin’s history cannot be retrieved.

The most prominent characteristic that distinguishes Dash is InstantSend, allowing Dash transactions to be nearly instantaneous.

Is DASH a Good Investment?

The following are some of the primary reasons why you might want to add DASH tokens to your portfolio.

Discounted Entry Price

DASH has fallen from its all-time high of $450 per token in mid-2021 to lows of $100, where it is currently trading in mid 2022.

This means that if you want to invest in this well-known cryptocurrency, you can do so at a very low cost, over a 75 percent discount compared to its previous ATH.

DASH vs the Stock Markets

Another reason to consider buying DASH now is that, when compared to the broader financial markets, digital currency continues to provide better returns.

The S&P 500, for example, has increased by 13% year over year, making it the finest tool to evaluate the development of the broader stock markets.

Although these profits may be appealing to a long-term value investor, DASH has gained by more than 1,000% in the same time frame (once being priced in the $2 – $10 range).

Easy to Diversify

DASH, according to several market observers, will eventually supplant many big cryptocurrency projects as the de-facto smart contract blockchain.

On the one hand, given DASH’s numerous competitors in this arena, including but not limited to Neo, Cardano, Avalanche, and Polkadot, achieving this goal will be difficult. Smart investors, on the other hand, will diversify their holdings across many smart contract ventures to cover all bases.

If you want to buy DASH on eToro, for example, you simply need to put down a $10 minimum deposit. As a result, you may allocate $10 to each of the cryptocurrencies indicated above that compete with DASH.

What are the Risks of Buying DASH?

So, now that we’ve covered the key advantages of adding DASH to your portfolio, let’s look at the main risks to be aware of.

You will be able to make an informed decision about whether or not to acquire DASH currency today if you consider the hazards described below.

Volatility and Speculation

Make no mistake: DASH is both volatile and speculative, like practically all digital assets. As previously mentioned, the digital token reached highs of $450 in 2021, only to plummet to $100 in 2022.

Despite the fact that most cryptocurrency projects have witnessed a drop in value, this still marks a 60 percent drop in less than a year. As a result, if you decide to add DASH coin to your portfolio, be prepared for significant volatility fluctuations.

DASH Price

The current price of DASH per coin is $104 with a market cap of $1.11 billion. The Dash price has been ranging between $80 – $150 for most of 2022.

DASH price chart on CoinMarketCap

The 2022 low for Dash was approximately $79.

DASH has been around since 2014, so it has a longer price history than others, but it is only from 2017 and the enormous price rise that year, as well as how it behaved in 2019, that a picture of its price estimate for the future can be painted.

The price of Dash soared by 8,000 percent in 2017, leaving many people wondering how high Dash could go. In August 2016, the price of Dash was $12. The Dash price jumped dramatically in 2017, reaching as high as $109 at the start of the year.

But that wasn’t the end of it, as the coin soared to an all-time high of $1,500 per coin during the blow-off top of the 2017 crypto market boom (when Bitcoin first hit $20k, then crashed).

DASH Price Prediction

As the coin surged back above the $100 level at the close of 2019 and the beginning of 2020, there was renewed hope. Dash hit a peak of $450 in 2021, but like many other last-generation coins, it failed to set a new all-time high.

Some would see its second bull cycle that failed to make a new ATH as an ‘echo bubble’, a bearish chart pattern.

The more than 50% drop back to support, on the other hand, is holding support so far and might propel Dash to far higher values in the future.

Now that Dash is attempting to establish itself as a viable alternative to traditional online payments, particularly in locations like Venezuela, it may at some point retest its former highs or close to them. Dash has in the past been a top 10 ranked crypto, although now is currently #78 according to CoinMarketCap.

Best Ways to Buy DASH

Your chosen mode of payment will determine the best way to purchase DASH. You can choose from the following deposit kinds when you use one of the top-rated brokers listed above:

Buy DASH with Credit or Debit Card

You’ll be able to buy DASH with a credit or debit card once you’ve opened an account with a regulated online broker like eToro or Coinbase.

The benefits of this payment method include the ability to invest in DASH tokens immediately, as your selected broker will debit your card immediately and then add the digital assets to your portfolio.

Some brokers, on the other hand, impose exorbitant fees for credit and debit card transactions. Coinbase, for example, costs 3.99 percent, while Crypto.com charges 2.99 percent. eToro, on the other hand, accepts fee-free USD-backed credit and debit card deposits.

Buy DASH with PayPal

If you’re looking for a way to buy DASH coin with PayPal, the most commonly used platform for Paypal deposits is eToro.

Buy DASH without ID

If you want to buy DASH without having to go through a KYC (know your customer) process, you’ll only be able to do so if you can pay for it with crypto. That is, you can deposit Bitcoin and trade the tokens for DASH via an unlicensed exchange.

But if you want to buy DASH with fiat money using a credit/debit card or PayPal, you will almost always be required to upload some form of identification as part of the anti-money laundering procedure.

Best DASH Wallet

You’ll need to consider how you want to store your digital assets once you’ve learnt how to invest in DASH coin. Because DASH tokens are often stored in private wallets that may be downloaded as a mobile app or desktop programme, this is the case.

Phantom Wallet, Sollet, and Solflare Wallet are some of the main vendors in this market. These wallets allow you complete control over your DASH coins, and your private keys are only accessible to you.

eToro Wallet – The safest wallet for storing crypto

As a result, you must install a variety of security procedures to prevent your DASH tokens from being remotely hacked. With that in mind, you might want to look into the eToro Money Crypto Wallet if you’re seeking for a more beginner-friendly solution to keep your DASH tokens.

The wallet, which is available for free on iOS and Android, was designed with inexperienced crypto investors in mind. Importantly, eToro can assist you in regaining access to your wallet if you forget your password or misplace your private keys.

How to Buy DASH – Tutorial

Below we take a closer look at how to buy DASH step by step.

Step 1: Open an eToro Account

To get started investing in DASH, go to the eToro website and create an account. Fill out the signup form with your contact information and name.

Additional information, such as your residential address, date of birth, and social security number, is required when you click the ‘Create Account’ option.

Step 2: Upload ID

To acquire DASH coin with US dollars on eToro, you must first verify your identity. This process at eToro is automated, so you shouldn’t have to wait more than 1-2 minutes after uploading the relevant documents.

Upload a clean copy of your state ID card, passport, or driver’s license to prove your identification. Choose a bank account statement or a utility bill as confirmation of your residential status.

Step 3: Deposit Funds

Before you can acquire DASH coin, you must first deposit a minimum of $10 into your eToro account. eToro accepts a wide variety of payment options, including Visa, MasterCard, and ACH, to name a few.

PayPal and Neteller are examples of e-wallets that are accepted. As long as the payment type is denominated in US dollars, no fees will be levied on your chosen deposit method.

Step 4: Search for DASH

A search box can be found at the top of the eToro dashboard. You can now begin typing ‘DASH’. DASH will then be selected from a drop-down list of appropriate markets by eToro. Click ‘Trade’ when you see DASH.

Step 5: Buy DASH Coin

It’s now just a deciding how much money you want to invest in DASH. This can be any quantity in US dollars, starting at $10 and up. Click ‘Open Trade’ to confirm your investment.

How to Sell DASH

You may decide to sell your DASH tokens several weeks, months, or even years after making your purchase, depending on your preferred investment strategy.

If you followed our step-by-step instructions above and bought DASH coin on eToro, your tokens will stay in your portfolio until you’re ready to sell.

eToro does not impose storage costs and cashing out is as simple as going to your portfolio and placing a sell order in the same way as a buy order.

Conclusion

DASH has underperformed Bitcoin and other cryptos since the end of the 2017 bull run, however may be a good investment for patient investors that like to buy undervalued projects at low prices, as the DASH price is currently back at historical support levels, spending much of 2022 in the double digits. The project’s underlying blockchain allows for fast, low-cost transactions on a massive scale.

If you want to add DASH to your portfolio right now, the process with FCA regulated provider eToro takes just a few minutes. With a debit/credit card, bank transfer, Paypal or an e-wallet, you can buy DASH with a $10 minimum deposit. You can also copytrade a professional investor or a Smart Portfolio to diversify into other cryptos.

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