The open-source cryptocurrency dash has been around for nearly six years now. It has provided the users with a great alternative for bitcoin and a good way for untraceable transactions.
No wonder a lot of investors are currently using and promoting it In and around South Africa. If you too are interested in the decentralized currency, here's how you can acquire and invest in Dash coins.
How to buy Dash?
There are three different ways that you can use to buy Dash in South Africa right now. The first one is to buy them from a trader. They will charge a small token, but it will be worth it, considering they allow both fiat and plastic currencies.
The next way is to buy them using fiat currency or cards at an exchange. Currently, there are not many exchanges with this facility, but you can consider some like CEX.IO for it.
And the final option, which is also the most popular is to exchange them for other cryptocurrencies. Almost every major cryptocurrency exchange has this facility. You provide them with bitcoins, tether, or any such coin and in exchange, you get the Dash coins.
How to Invest in Dash?
In today’s scenarios investing in an online currency comes with unlimited possibilities. It has evolved to a level where it's both convenient and profitable for its users. Plus, you get plenty of customizable options that allow investment at your level. You can get started with just a few dollars or make a major investment of thousands of dollars with equal ease.
But for any of these, you need to know the ways to invest in Dash coins in South Africa.
- Via Purchase
This method is simpler and usually the most preferable for small scale investment or beginner investors. The process is simple, you just need a cryptocurrency wallet and an active internet.
Simply log in to exchange, buy Dash and load them into your wallet. There will be small charges but nothing too much.
Once you have the coins in your wallet, you can use them to make purchases, deposit, or any other purpose like the standard currency.
In case you get it liquified at the peak time. You can also expect a profit from your main investment.
- Via Broker
The wallets are good for small transactions, but they are not always secure. Moreover, they are not very effective for large scale businesses.
However, in this case, you will need a certain level of expertise. You will also need to understand the volatility of this cryptocurrency and the risk that comes with it.
How to start investing in Dash?
Investing and earning via Dash is not that difficult, but you will need to have basic knowledge of the currency. It's also good to do some research on the trader or exchange that you use. It will have a direct effect on the withdrawal/ deposit charger and the services you get.
How to register?
For buying dash in South Africa and using it, you will need an active account. You will need a working email id that you can use for the sign-up process.
How to open a demo account?
Simply open the website and navigate to its sign-up page. This page will offer you an option for a demo account. Just fill in your email and a password you want to use.
Then log in to your email account and click the link in the email you have received. It will let the exchange verify your email. That’s it you are good to go.
This account has all the features you will need to understand about buying dash and using them. But, it will restrict a full-fledged experience.
How to open a real account?
The demo account is good for an overview on how to invest in Dash coins, it's time to switch to a full-time account. Like the demo account, this account is also simple to set up, but it will need a small deposit for activation.
How to fund a deposit?
To invest in Dash in South Africa you will first need to buy them. It's a simple process, and you can use any payment method after you set up your account. Just click on the start trading or make a deposit button in your account. Then use your debit card, online wallet, or an existing cryptocurrency for making the deposit.
Minimum deposit amount
The exchanges don't usually have any minimum limits for the deposit you can make. The process is just to verify your account details. Though you should consider the transfer charges that your payment method applies.
How to withdraw money?
Unlike the deposits, the withdrawal needs proper verification. So the first step for it will be to provide your payment details. There will also be some steps and documentation to verify them all.
Once you do it all, simply set a payment method, and you can use it to make a withdrawal. You can also configure a crypto wallet to transfer and use your cryptocurrency.
Security of Dash investments
When you are dealing with an online currency like the dash coins, security is one thing that you cannot ignore. It will prevent your investment and ensure that you don't end up losing your finances.
Dash’s protocol comes from both Bitcoins and the DAO currency. It's decentralized and Autonomous. It means no person or organization holds the power to access dash coins related data. Your details remain safe and your transactional are untraceable.
How safe is it to invest in Dash?
The dash coins use a technology called the Master node that makes them very reliable. The two-tier technology ensures minimal downtime and keeps everything sorted for the high security of the users. With it you get all the following benefits.
PrivateSend: the currency uses a decentralized system, so your activities remain encrypted.
ChainLocks: This is a shielding technology that signs every block in the blockchain. It prevents more than 51% of the total data-mining attacks.
Is it safe to invest in Dash online?
The dash coins like every other cryptocurrency are developed for online transfer. Moreover, it uses a protocol similar to that of the bitcoins. So, you can rest assured of its safety features. As long as you use a trusted broker and take general precautions, there won't be an issue.
How to safely invest in Dash online?
Like every other online transaction or currency, the safety of online Dash depends on the users. Here are a few tips that you can use to ensure it.
- Research every aspect of the Dash before investing in dash coins.
- Use a strong password for your account and wallets.
- Always check your broker or exchange before doing business with them.
- To prevent losses, check the current status and profit possibilities in the dash coins.
- Check multiple exchanges and use the one that offers the best service with minimum charges.
- Never use a cryptocurrency site that does not have SSL certification.
Can you buy Dash?
Dash is open for every user that wants to invest in it. So, unless your country restricts it, feel free to invest in Dash and reap its benefits.
Is Dash a good buy?
The dash currency has its risk, but considering its market in the last few years, it's a good investment. If you can put in some extra work and invest it carefully, it will perform better than you expect.
Is Dash a good long term investment?
The overall market value of dash coins keeps on fluctuating with market changes. However, so far it has proved to be highly stable and secure. So, with a bit of planning, these coins can be an excellent future investment even for long terms.
Where can I buy Dash?
The dash coins are available with several brokers, and exchanges. You can also exchange them for your existing bitcoins or other cryptocurrencies.
How do I buy Dash with a credit card?
The process of buying cryptocurrency is similar to that of fiat coins or any other payment method online. You need to create an account, verify it and then move to its deposit section to make a payment. Then you can use the deposited funds to buy this currency.
How to buy Dash in South Africa?
The best way to buy Dash in South Africa is to use an online exchange or trader to buy it. You can also consider an offline trader, but that’s a little tricky.
What happened with Dash?
The dash coins hold a market capitalization of around $1,144,675,053. The currency faced many ups and down after its start, but it attained a high value in the market. It held a value of 1,493.5 during the December 2017. It witnessed a spike of around 8000% this year.
It lost this high value by 2018, but its team is making an effort to restore it to full-strength. They predict a value of $435 by the end of 2025.
Why did Dash drop?
Near November 2020, the Dash coins price dropped to $110.72 and then to $96.77 due to the expansion of the crypto rally.
Why did Dash rise?
By the end of 2020, Dash coins managed to recover some of their value and reached from $96.77 to $103.22. The team handling it is continuously adding net payment methods and collaborating with other companies to enhance its prices and attain market.