It already became easier than ever to invest in, trade, or own the very popular DASH cryptocurrency. CEX.IO, a major cryptocurrency exchange based in the United Kingdom just added DASH to its ecosystem.
DASH has become one of the most popular altcoins, because it is being integrated with a number of Visa and MasterCard-based payment solutions including TenX. That enables owners to easily convert DASH into fiat currencies and to use DASH to make purchases at brick and mortar stores and online retailers.
Prices for DASH have increased dramatically over the last year. DASH was traded at $11.56 a coin on 19 September 2016 and $347.56 on 25 September 2017. These developments have greatly increased interest in DASH among both traders and everyday cryptocurrency users.
What is DASH?
DASH, which was formerly known as Darkcoin and XCoin, is an open-source peer-to-peer cryptocurrency similar to Bitcoin that has some advanced payment and security capabilities.
These capabilities include a coin-mixing service called PrivateSend which is supposed to increase privacy by making DASH hard to trade. Another feature of DASH is InstantSend which allows near-instant transactions. DASH also operates on a two-tier network which uses Masternodes to create an added layer of security and performance governance.
DASH is usually listed as one of the top five cryptocurrencies along with Bitcoin, Litecoin, Ethereum, and Ripple. As of 2 October 2017, CoinMarketCap estimated that DASH had a market capitalization of $2.402 billion or 544,508 Bitcoins, a circulating supply of 7,592,491 units and a maximum supply of 18,900,000 DASH coins.
Why You Should Own DASH
Serious cryptocurrency investors should consider investing in DASH because it is one of the fastest growing altcoins around. The available data indicates that those who have held DASH on a long-term basis have enjoyed large increases in value. The price of a DASH coin increased by $335.31 between 26 September 2016 and 25 September 2017.
DASH is also one of the few cryptocurrencies that can be quickly converted into fiat currencies with payment apps available right now. Such capabilities indicate that DASH, like Bitcoin and Ethereum, might become a widely-used cryptocurrency.
DASH trading begins at CEX.IO
Recognizing the growing popularity and importance of DASH, London-based CEX.IO launched trading of the cryptocurrency on 18 September 2017.
Investors will now be able to trade DASH and Bitcoin, DASH and the US Dollar, DASH and Euros, as well as DASH and British Pound through CEX.IO accounts.
The exchange’s customers will now be able to trade DASH via CEX.IO’s website, mobile app, WebSocket and REST API connection. As for institutional investors, they can trade DASH at CEX.IO utilizing a FIX.API connection. Many high-volume traders rely upon CEX.IO because of high liquidity, fast-order execution, and 0% maker fees.
Trade DASH around the World with CEX.IO
Since 2013, CEX.IO has developed into one of the most popular cryptocurrency exchanges on Earth used by 1.337 million active traders.
CEX.IO is one of the few exchanges offering true global coverage. It is available for 99% of the world’s countries and 24 American states. Users trust CEX.IO because of its reputation for strong security, full-data encryption, and compliance with PCI DSS standards. The exchange is registered in the United Kingdom with legal compliance, FinCen MSB status in the United States and full licensing.
A strong relationship with banks enables CEX.IO to send funds by bank transfer in many of the countries it serves. Visa, MasterCard, and cryptocurrency payments are available in all the nations served by CEX.IO.
How to Begin Trading DASH
If you want to know how much it will cost you, CEX.IO posts all its fees online for everybody to see. All the fees including trading fees, transaction fees, and deposit/withdrawal fees are clearly listed so there will be no surprises when you trade at CEX.IO. It also offers 24-hour-a-day/seven-day-a-week support via email for those with questions and concerns.
A step-by-step guide
Trading is very easy at CEX.IO, however let’s pass through all the major steps you should take in order to start trading Dash at CEX.IO:
- Make an account
- Verify your payment card
Verify your identity (This step is necessary if you plan to withdraw more than a thousand dollars per month. If not, you can skip it, because trading will already be available once you linked your bank card)
Fund the account
Click the “Deposit” button (You can find it on any web page of CEX.IO).
Choose a payment card (You will be asked to enter the CVV code again).
Choose the amount of money you wish to deposit.
Go to the “Trade” section (It is located in the header of the website).
Chose the trading pair (for example, DASH/USD)
Press the “Market” button.
Choose the amount of fiat money you wish to spend (If you click on “USD balance: …”, you will see the maximum amount of Dash you can acquire using your funds, because it automatically collects the fees).
Press “Buy now” and you will instantly see the amount of Dash you have acquired.
Professional DASH Trading
CEX.IO is taking DASH trading to a new level with a professional solution that meets industry standards. That will enable institutional traders to invest in DASH, and enable high-volume trading at a lower risk.
Anybody who is looking for a low-cost, high-speed, easy to use DASH trading solution needs to check out CEX.IO today. It can help anybody start trading DASH, Ethereum, Bitcoin, and Bitcoin Cash in just a few minutes. CEX.IO works with all traders and investors ranging from investors with just small accounts to investment bankers, hedge funds, and other institutions.