About Dash & Where To Trade It
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Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.
Dash’s Latest Price
What is Dash?
Dash is another form of digital cash you can send over the Internet to a friend or retailer, without the need of a bank. Dash came into existence in 2014 and, similar to Litecoin, its transaction times are faster than bitcoin’s (4 seconds, compared to 10 minutes), and transaction fees are less ($0.40, compared to $6).
Why the big fuss?
Being the first to market, bitcoin comes with many shortcomings “baked in”. Newcomers such as Dash come about specifically to resolve these shortcomings (eg transaction times and costs) with a view to becoming the digital currency of choice at some point in the future.
We’ve talked about the fees and transaction times, but there’s another important innovation that Dash has over bitcoin…governance.
Bitcoin doesn’t have a governance structure. This means that changes cannot be made to the protocol without a “hard fork” happening. These hard forks bring about the birth of a new cryptocurrency. So far there have been two such hard forks in bitcoin’s case, bringing about Bitcoin Cash and Bitcoin Gold. Dash is different as it has a voting system in place so that important changes can be implemented quickly.
Dash is also self-funding. 45% of newly created Dash going to the miners, and 45% goes to what are termed “masternodes”. The remaining 10% goes to a treasury for funding development, marketing customer support etc.
What can I buy with Dash?
Dash isn’t as acceptable yet as standard currencies such as dollars and euros, but there are many businesses that have taken it on. These include hosting providers, ad agencies and online casinos. Here’s a list of where you can spend your Dash.
Where can I buy, sell or trade Dash?
We recommend you buy, sell or trade Litecoin at a trusted broker. Our favourite is at the top of this page. You can read our reviews of the top brokers here.
Caution: Trading involves the possibility of financial loss. Only trade with money that you are prepared to lose, you must recognise that for factors outside your control you may lose all of the money in your trading account.
Choose A Regulated Broker
eToro has an established reputation, especially amongst cryptocurrency traders. The option to automatically copy successful traders is particularly interesting for new traders. A new account is set up within minutes, and you can start trading with as little as $200 deposit.
VISIT SITE Cryptocurrencies can widely fluctuate in prices and are not appropriate for all investors. Trading cryptocurrencies is not supervised by any EU regulatory framework. Your capital is at risk.
24Option is optimally suited to trade cryptocurrencies. The low fees and easy trading make the broker interesting for beginners and more advanced traders alike. The fact that no wallet or software is needed helps newcomers take their first steps in trading.
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