🥇How to Buy Dash Online November 2024 | Full Learn 2 Trade Guide!
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How to Buy Dash 2024

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Samantha Forlow

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Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you are unlikely to be protected if something goes wrong. Take 2 minutes to learn more


With features such as a decentralized governance system and enhanced private transactions – Dash is often referred to as the next generation of digital currencies.

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If you’re gripped by the cryptocurrency phenomenon and want to learn how to buy Dash in a safe and convenient way – stay tuned.

In this guide, we discuss the ins and outs of how to buy Dash from the comfort of your home. We also review the best brokers to complete your purchase with and disclose commonly favored strategies you can easily utilize yourself.

8cap - Buy and Invest in Assets

Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
  • Buy over 2,400 stocks at 0% commission
  • Trade thousands of CFDs
  • Deposit funds with a debit/credit card, Paypal, or bank transfer
  • Perfect for newbie traders and heavily regulated
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

 

 

How to Buy Dash in 10 Minutes – Quickfire Guide

Below you will find a quickfire guide detailing how to buy Dash online.

  • Step 1: Find a regulated broker you like and sign up – Capital.com enables you to buy Dash with a minimum investment of $25, without any commission charges
  • Step 2: Enter your personal details, create a username and password, and complete the sign-up box on-screen
  • Step 3: Regulated brokers need proof of ID. As such, you will be asked to upload a passport/drivers license, and proof of address like a utility bill
  • Step 4: Choose a payment type (debit/credit card, e-wallet, bank wire) and enter the amount of Dash you wish to buy
  • Step 5: Find Dash, create a buy order, and input the amount you wish to purchase

And that’s it – you’ve just bought Dash online without paying any commission!

Select a Trusted Dash Broker

With hundreds of online trading platforms in operation, selecting a trusted Dash broker can be a daunting task.

To save you countless hours of research, we have scrutinized the best Dash brokers and CFD platforms to consider in 2023. 

1. AvaTrade – Best Dash CFDs With Multiple Trading Tools

AvaTrade is another reputable broker on our list providing access to commission-free Dash CFDs. As we said, this cuts out the need to worry about storing your digital tokens. Taking into account the lack of trading fees, we checked out the spread and found that this typically averages 2% over-the-market.

When it comes to tradable markets at AvaTrade, you can easily diversify with a choice of blue-chip stocks, ETFs, forex, indices, and alternative cryptocurrencies. You can practice trading Dash, and any other asset, on the free demo account provided if you desire - which is loaded with virtual equity totaling $100,000. There are a plethora of resources at this CFD platform, including MT4 compatibility, a full educational suite, analysis tools, customizability, video lessons, and live trading charts.

For your safety, AvaTrade is regulated and licensed by various jurisdictions including Japan, Australia, South Africa, and more. The minimum deposit to trade Dash CFDs here is just $100 and acceptable payment methods include debit and credit cards, bank wire transfer, Neteller, WebMoney, and Skrill.

Our Rating

  • Minimum deposit to trade Dash just $100
  • Regulated by multiple authorities
  • 0% commission on Dash CFDs
  • After 12 months inactivity an admin fee is charged
75% of retail investors lose money when trading CFDs with this provider

visit avatrade now

2. VantageFX –  Best Dash CFDs for Newbies- Minimum Deposit only $50

VantageFX VFSC under Section 4 of the Financial Dealers Licensing Act that offers heaps of financial instruments. All in the form of CFDs - this covers shares, indices, and commodities.

Open and trade on a Vantage RAW ECN account to get some of the lowest spreads in the business. Trade on institutional-grade liquidity that is obtained directly from some of the top institutions in the world without any markup being added at our end. No longer the exclusive province of hedge funds, everyone now has access to this liquidity and tight spreads for as little as $0.

Some of the lowest spreads in the market may be found if you decide to open and trade on a Vantage RAW ECN account. Trade using institutional-grade liquidity that is sourced directly from some of the top institutions in the world with zero markup added. This level of liquidity and availability of thin spreads down to zero are no longer the exclusive purview of hedge funds.

Our Rating

  • The Lowest Trading Costs
  • Minimum deposit $50
  • Leverage up to 500:1
75.26% of retail investor accounts lose money when spread betting and/or trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.

Buy Dash or Trade CFDs

There are several ways in which you can access the Dash markets. For example, you might decide to buy Dash and hold on to your digital tokens for several years. Or, you might decide to take a day trading strategy by buying and selling dash on a short-term basis. 

If you need some inspiration you will see the most popular ways to add Dash to your portfolio below.

Buy and Hold Dash

If you don’t want to have to keep one eye on the markets at all times, you might be well suited to a buy and hold strategy. This calls for buying Dash and holding onto it for months or years – essentially until you see a profitable opportunity to justify cashing out your investment.

See a clear example of how you might use this strategy to buy Dash:

  • Dash is quoted at $218 but you think this is an underestimation of its true value
  • As such, you place a buy order worth $300 believing its price will increase
  • 18 months later Dash is valued at $279 – this represents a 28% price rise
  • Happy with the gains from this position, you sell your coins
  • You made a profit of $84 on cashing out this Dash investment

In the above example, you made impressive gains by utilizing the buy and hold strategy. If this sounds like something you may be interested in, you will need to be mindful of where you plan on storing your Dash coins.

Some seasoned traders elect to take full responsibility for the safety of their own Dash coins, by downloading a crypto-wallet. Although this can be a safe option, you do need to have some knowledge of wallet security practices to ensure you are not a victim of hacking.

The most favorable option for crypto investors is to buy digital currencies via a trustworthy brokerage. eToro is regulated by three tier-1 regulatory bodies and won’t charge you any commission to buy and store Dash. As such, once you have bought Dash at eToro, you can safely store your investment for as long as you wish until you are ready to cash out.

Trade Dash

For those unaware, you can also trade Dash via Contracts for Difference (CFDs). For those unaware, CFDs monitor the real-world price of Dash, meaning you can trade based on its value, rather than having to own and store it.

This strategy will see you trading Dash against another coin like Litecoin or Ethereum (shown as DASH/LTC and DASH/ETH respectively). The aim is to correctly predict whether the exchange rate of your chosen Dash pair will rise or fall in value. CFD trading platforms also allow you to trade Dash against a fiat currency like EUR, USD, or GBP – to name a few.

To save any confusion, see a practical example of a Dash CFD trade below:

  • DASH/EUR is priced at €192 on your chosen CFD trading site
  • You think that the pair is overpriced and will soon experience a decrease in value
  • With this in mind, you place a $500 sell order to go short on the crypto-fiat pair
  • 14 hours later the CFD falls to a price of €161 – a 16% decline
  • You were correct in your hypothesis, so close your DASH/EUR position with a buy order to cash out your gains
  • Your profit from this trade is $80 ($500 x 16%)

We touched on Dash CFDs in our cryptocurrency broker reviews earlier and mentioned that leverage will usually be offered. This allows you to boost the value of your position. For those unaware, leverage is shown as either a ratio or a percentage such as 1:2 or 2x.

See an example to clear the mist:

  • When electing to short DASH/EUR, you apply leverage of 1:2 at your chosen CFD broker
  • This boosts your initial $500 to $1,000
  • As such, your initial $80 profit is instead boosted to $160

Leverage is great for amplifying your gains. But, if you had incorrectly predicted the market sentiment on the pair your losses would also have been boosted. Furthermore, citizens from some countries are restricted by the amount of leverage they can access, if any at all. For instance, UK and US clients cannot trade leveraged crypto CFDs.

Where to Buy Dash

You won’t be short of options when looking for a place to buy Dash. However, there are various considerations to bear in mind. As such, below you will find the best ways to buy Dash in 2023.

Buy Dash Debit Card

Debit cards are broadly accepted by online brokers, albeit, the problem can lie in the fees you might be expected to pay on each purchase. For instance, if you decided to buy Dash at Binance using this payment method, you will be liable for a 3-4% transaction charge.

There is a striking difference over at eToro. Here you will simply pay a 0.5% conversion fee to use a debit card. If, however, you are from the US and depositing in USD, the 0.5% fee is waivered.

Buy Dash Credit Card

You might be interested in making a Dash purchase using a credit card? Whilst this is a fast and safe payment method offered by many brokers- our guide found that card providers sometimes charge a cash advance fee.

Not only that, but you will need to check that the Dash provider doesn’t stipulate additional fees or minimum deposits for using this method. eToro supported credit cards are once again, charges a mere 0.5% on non-USD deposits.

Buy Dash Paypal

PayPal could be one of the most convenient e-wallets to buy Dash with. The problem is not many online brokers will accept it. With that said, eToro will allow you to invest in Dash for as little as $25 using PayPal – with only a small fee of 0.5% to pay to convert your currency to US dollars.

Dash ATMs

Crypto ATMs have been around for over a decade now. There are hundreds dotted around the world. Just some of the places you can find Dash ATMs are Vietnam, the UK, the United Arab Emirates, Armenia, Turkey, Italy, Spain, the US, and much more.

If you opt to buy Dash this way, you will enter cash into the ATM to pay for your digital coins. Notably, with high commission fees (often 10%-20%) charged on each transaction and having to worry about your own storage – eToro is your best option for investing in Dash.

Dash Strategies

We talked about Dash strategies to a certain extent, in that you can elect to buy and hold your coins, or trade them as CFDs for more flexibility.

There are a handful of other highly useful strategy ideas you can utilize when accessing the Dash markets – which we elaborate on in more detail below.

Dollar-Cost Averaging

Dollar cost averaging is a method of maintaining some financial control over your investment budget. Put simply, if you can afford to invest $200 a month in this speculative currency – it might be better to spread this out across 4 weeks.

In doing so, as each week passes you will be buying $50 worth of Dash. Each transaction will get you a different cost price. This ensures that you are less impacted by short-term volatility as you have a regular, long-term investment plan in place.

Buy the Dip

A term you may have heard thrown around when learning how to trade Dash is ‘buy the dip’. If anyone suggests doing this they are telling you to buy Dash whilst the digital currency is experiencing downward price action.

For clarity, see an example below:

  • Over the course of 72 hours, the price of Dash has fallen by 24%
  • You research the markets and decide the price will likely increase again in the near future
  • As such, you begin to purchase Dash now whilst it is, as perceived by you, undervalued
  • This will see you making various purchases at a low price – thus buying the dip

The goal of buying the dip is to purchase Dash at a discount price. Then, when prices recover, you will make an attractive amount of profit.

Diversify

As you likely know, to diversify is to not put all of your eggs in one basket. Whilst you can invest in Dash alone, if the currency experiences hard times – you have nothing else to counteract that with.

With this in mind, many people buy Dash but also add a mixed bag of indices, cryptocurrencies, commodities, and stocks to focus on. This creates an assorted portfolio of assets that behave differently from one another – enabling you to hedge your bets.

Dash Trading Signals

The most successful people in this field rely hugely on technical analysis to predict market sentiment on Dash. As you may know, this involves studying heaps of customizable charts, indicators and keeping abreast with the news.

It may interest you to know that crypto signals save you from having to perform this intense research. They are like trading tips, usually sent to you via a Telegram group.

For instance, at Learn 2 Trade we offer a free signals service that includes core metrics such as which Dash pair to trade, and what price you need to enter and exit the market (limit, stop-loss, and take-profit). As such, you don’t need to conduct in-depth research yourself.

How to Buy Dash Online – Full Walkthrough

By this point in our How to Buy Dash Guide, you are likely ready to put this knowledge to good use.

If you are a novice when it comes to trading, don’t worry, you will see below a 5-step walkthrough of how to buy Dash online. Note that we are using Capital.com for our demonstration as the broker is commission-free and holds licenses from various jurisdictions.

Step 1: Sign Up With Dash Broker

You can sign up with Capital.com easily by heading over to the provider’s website and clicking on the ‘Join Now’ button.

capital com Next, enter some basic information – such as your full name, home address, date of birth, and contact details.

Step 2: Upload Some Identification

As per KYC rules imposed on all regulated brokers, you must send a clear copy of your passport. A driving license or government ID will also be accepted. You are also going to be required to send a bank statement or utility bill from within the last 6 months.

Whilst you will still be able to buy Dash prior to the uploading of your identification, you will not be able to make a deposit of more than $2,250. Crucially, you won’t be able to make a withdrawal request with an incomplete profile.

As such, it’s best to quickly upload your documents now as Capital.com can verify this within a couple of minutes.

Step 3: Deposit Funds Into Your Account

After receipt of your confirmation email from the Capital.com
team, you can head over to your new account and deposit some funds to buy Dash.

The broker makes this part of the process really easy. Simply enter a figure in the amount box, ensuring you meet the minimum deposit required. Then, choose a method to pay with, and confirm. Capital.com accepts debit/credit cards, e-wallets, and bank transfers.

Step 4: Buy Dash

And now the part you have likely been waiting for – you can search for Dash and place an order to buy it!

As we said, at Capital.com you can invest in Dash from as little as $25. This is great if you are looking to build your portfolio with a little care, rather than a gung-ho approach.

Once you have entered the amount you wish to invest – simply click on the ‘Set Order’ button to complete your DASH purchase!

Conclusion

There are heaps of time-tested strategies used to buy Dash, whilst risking as little as possible. For instance, this includes dollar-cost averaging –  whereby you invest little and often to try and swerve the impact of market volatility.

Top-rated broker Capital.com will let you invest as little as $25 without paying commission – which is perfectly suited to this system. If you haven’t learned technical analysis yet, you could also consider the Learn 2 Trade trading signal service or using the Copy Trader feature at Capital.com. Either way, this allows the experts to do all of the market research so you don’t have to. 

8cap - Buy and Invest in Assets

Our Rating

  • Minimum deposit of just 250 USD to get lifetime access to all the VIP channels
  • Buy over 2,400 stocks at 0% commission
  • Trade thousands of CFDs
  • Deposit funds with a debit/credit card, Paypal, or bank transfer
  • Perfect for newbie traders and heavily regulated
Don’t invest in crypto assets unless you’re prepared to lose all the money you invest.

 

FAQs

What is the minimum amount of Dash you can buy?
How much is Dash likely to be worth in 5 years?
Where is the best place to buy Dash?
How can I sell Dash?
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