Dash is a decentralized peer-to-peer network founded in 2014 with the goal to ensure an easy and effective flow of currency.
DASH became one of the most popular digital currencies in the world, and it’s now accepted by a variety of retailers. In fact, this crypto provides more privacy than fiat currencies. It’s also user-friendly and well-established.
Many investors want to buy DASH and hold it as an investment since its price per coin is now similar to 2017 levels.
If you’re one of them, keep reading to learn how to buy DASH UK and find out if you should invest in DASH in the first place.
How to Buy DASH UK – Quick Steps
The easiest and safest way to buy DASH is to head to eToro. This FCA-regulated crypto platform is ideal for beginners, and it will allow you to buy DASH in less than 5 minutes.
If you want to put some money into DASH, follow these easy steps:
Step 1: Open an eToro Account
First, you need to create an eToro account, and that’s a very straightforward process. You need to provide some personal information and upload a couple of documents for verification.
Step 2: Deposit Funds
Now you’re ready to deposit funds. eToro has a minimum deposit of $10 (approximately £7), and you can pay with a debit/credit card, bank transfer, PayPal, bank wire or eWallet.
Step 3: Search for DASH Coin
You can find the DASH coin by typing it in the search bar and clicking ‘Trade’. This will take you straight to the DASH investment page.
Step 4: Buy DASH Coin in the UK
The final step is to enter the amount of money you want to invest, starting at $10. Click ‘Open Trade’ to confirm and complete your purchase.
And that’s it!
Where to Buy DASH UK?
If you’re wondering where to buy DASH, check out reviews of the best UK crypto exchanges and trading platforms that offer DASH.
1. eToro – Overall Best Place to Buy DASH UK
In our opinion, and according to many other sources, the overall best place to buy DASH Coin is eToro.
Founded in 2007, eToro is a registered online brokerage that allows you to buy DASH on a spread-only basis.
Therefore, you won’t have to pay any traditional fees. eToro charges a simple 1% fee added to the market price (Bid-Ask spread).
|Straightforward account registration||Fiat deposit is limited to USD only|
|Large crypto listings of over 60 crypto||Does not offer non-crypto investments to US traders|
|Social trading and copy trading function||High withdrawal and non-trading fees|
|Low deposit and withdrawal threshold|
|Offers access to non-crypto investments like ETF, commodities, |
stock and forex trading
But one of the best things about eToro is that it’s completely safe. Unlike many other platforms, eToro is well-regulated (by the FCA in the UK, ASIC and CySEC).
Plus, besides DASH, it offers more than 60 different digital assets. Some of the popular tokens are Bitcoin, Dogecoin, Solana, Cardano, ApeCoin, Ethereum and XRP.
eToro also offers traditional asset classes like the US and foreign equities, ETFs, FX, indices and so on. That being said, eToro is a great choice for investors who want to turn to other digital assets along with DASH.
In fact, with eToro, you can buy more than a dozen of different crypto assets with a single investment. Conveniently, your portfolio will be managed by eToro, so you don’t have to worry about regular maintenance.
When it comes to purchasing DASH, you can do it on eToro’s main website or via its mobile app for iOS or Android.
2. Binance – Trade DASH at 0.1% per Trade
Another platform we recommend is Binance. It’s a top-tier exchange that will allow you to trade DASH with low fees.
The platform’s trading fee equals 0.1% or lower (when you sign up via a Binance referral link and use BNB to pay), so it’s no wonder that it has over 100 million registered users.
|Swift and free account funding||Although the trading commission is cheap, other exchange |
platforms do not include these fees
|Extremely wide range of coin listings, the largest in the |
|Complicated UI is mainly designed for experienced users.|
|A wide range of supported transaction types|
However, you should bear in mind that when first buying crypto with a debit/credit card, the fees are actually around 2%. Therefore, Binance is better for people who want to trade crypto instead of purchasing new ones. T
hat’s also why many investors open accounts on two platforms (like eToro) and send something to their Binance account to trade with.
Nevertheless, on Binance, you’ll be able to choose from over 600 digital currencies. Your options will include popular blockchain assets like Bitcoin, Ethereum and Cardano as well as less liquid ERC-20 tokens.
Moreover, Binance offers a variety of storage choices. No matter what payment method you choose to buy DASH, you’ll get your own Trust Wallet software, which also provides access to a popular decentralized exchange PancakeSwap.
Binance is one of the cheapest platforms to buy DASH in the UK, and the most affordable platform to place your withdrawal funds.
The only slight downside to Binance is its complex user interface and trading tools, which make it more suitable for experienced traders.
3. Coinbase – User-Friendly Way to Buy DASH Coin
Another good option is Coinbase, especially if you’re new to crypto. The platform is very beginner-friendly, and it allows you to buy DASH with just one click.
Founded in 2012, Coinbase has a solid reputation and tens of millions of users. The platform is now a NASDAQ-listed stock, and that’s surely an advantage.
However, the cost of purchasing DASH coin with a debit or credit card is nearly 4%, and that’s actually quite high. To do this, you need to first open an account and then pay for digital tokens with a Visa or MasterCard deposit.
But the good thing is that on top of DASH, Coinbase has more than 100 other digital assets. So, if you want to diversify your portfolio, this might be the way to go.
Plus, although it has hefty fees, it has outstanding security protocols. In addition, it offers a Coinbase Pro platform with lower fees, starting from a 0.4% taker fee.
But the best thing about Coinbase is definitely security. When you check in to your account from a new device or IP address, you’ll have to validate your identity with an e-mail code.
Also, all users must go through two-factor authentication, and digital tokens are normally kept offline 98% of the time. So, with Coinbase, your assets will be in safe hands.
4. Crypto.com – Best Platform to Buy & Trade DASH on Margin
Another reliable platform to buy and trade DASH is Crypto.com. According to CoinMarketCap, Crypto.com is one of the ten largest crypto exchanges in the world.
The platform gained a lot of attention in recent years – they featured Matt Damon in their adverts, after all.
But the platform also offers a wide range of cryptos. Besides DASH, you can be more than 250 cryptos. Additionally, you can take advantage of their ‘Crypto Earn’ program and earn interest on crypto.
Crypto.com also offers margin trading on leverage and a metal VISA card that allows you to shop with crypto in stores.
One thing is for sure: on Crypto.com, you can make money with crypto in all kinds of ways.
If you decide to buy DASH with a debit card, the website will charge a commission of 2.99%. However, Crypto.com waives the price for the first 30 days. In a way, you’ll get a 30-day trial.
Furthermore, the platform has a mobile wallet that supports 100+ digital currencies. There’s also a DeFi wallet with different DeFi tokens.
Lastly, Crypto.com works as an NFT marketplace, so you can easily invest in NFTs (and trade) if you want to.
5. Kraken – Low Fee Exchange to Buy DASH
Kraken is another fantastic platform with some features that are helpful in the investment of DASH and we will discuss them as we continue with this article.
|Suitable for all experience levels||Complicated fee structure. However, the fee decreases as trading volume increases|
|Good numbers of coin listings|
|Low transaction and trading fee|
Kraken offers margin trading to allow more yield for DASH owners to trade. However, margin trading is a risky investment that allows traders to leverage their funds to amass lots of profits in uptrend or downtrend positions, i.e., going long or short.
However, leveraging may incur losses, and it might even stop you from trading before you make profits. It takes professionalism to analyse the trade and decide to place an order because a poor start or set-up can lead to catastrophic losses.
The platform also provides increased security and a small cost for transaction fees, making it suitable to invest in DASH and keep it on the platform for a longer period of time.
Also, Kraken allows users to purchase DASH coins by using their debit or credit card directly instead of a monopolised payment method. And this is beneficial for investors to relieve them of added fees they may incur to purchase with fiat currency.
Due to this, it allows UK users to deposit in GBP, avoiding any currency exchange fee.
What Is Dash?
If you’re not really familiar with Dash, let’s see what this cryptocurrency is all about.
First of all, Dash has been around for a while now. It was initially released in 2014 after its founder Evan Duffield decided to create his own coin.
Duffield wasn’t satisfied with the speed of Bitcoin transactions, so he wanted to reach faster transaction speeds and have more anonymity.
In a way, it’s similar to Bitcoin because it’s actually a hard fork of Litecoin, and Litecoin was forked from Bitcoin. However, the coin has a hard cap of 18 million DASH coins. That’s less than Bitcoin’s supply, which indicates the possibility of the price rising even more.
Compared to Bitcoin, Dash is much faster, as it was intended to be. For example, the average block mining time on the Dash blockchain is 2.5 minutes, and Bitcoin’s average block mining time is approximately 10 minutes.
Furthermore, the Dash platform has many useful features. For instance, Masternodes are some of the most technical key components of the blockchain, and the PrivateSend technique allows swapping money between users and therefore aids in maintaining fungibility.
This is what makes the network quite safe since coins aren’t traceable and the coin’s history can’t be retrieved.
We also want to mention InstantSend, a handy feature that makes Dash transactions nearly instantaneous. That’s one of the things that makes Dash stand out from its competitors, in addition to all the other benefits we will explore in a moment.
Is DASH a Good Investment?
If you’re still not sure if you should invest in DASH, let’s look at some of the reasons why adding DASH tokens to your portfolio might be a good idea.
Discounted Entry Price
Tackling an asset’s price is one of the first steps before making a final decision. When it comes to DASH, it’s important to note that DASH fell from its all-time high of $450 per token in 2021 to lows of $100. And £45 is precisely where it’s currently trading.
In other words, if you want to invest in DASH, you can do it at a very discounted entry price. In fact, compared to its previous ATH, you’ll have over a 75% discount.
DASH vs the Stock Markets
If you compare it to the broader financial markets, the digital currency continues to have more profitable returns. And that’s undeniably another characteristic that makes DASH so appealing to investors.
If you take a look at the S&P 500, an increase of 13% happened over years, and that makes it the best tool for evaluating the development of the broader stock markets. And DASH has gained by more than 1,000% in the period of time since it was once priced in the $2 – $10 range.
Therefore, DASH seems to be a cost-effective solution, and better returns than broader financial markets should certainly be another reason to consider investing in DASH.
Easy to Diversify
Another reason to buy DASH is that you can easily diversify. The thing is, DASH is believed to supplant many important crypto projects.
Competitors like NEO, Cardano, Avalanche and Polkadot will make things difficult for DASH, but smart investors will cover all bases and turn to many smart contract blockchains.
After all, if you want to buy DASH on eToro, you can deposit only $10 (approximately £7), which allows you to allocate $10 to each of the cryptocurrencies we just mentioned.
Potential Risks of Buying DASH
As is the case with cryptocurrencies in general, investing in DASH also brings some risks. If you’re aware of all the potential risks, you’ll be able to make the right decision and invest in a smart way.
Therefore, we will take you through all the factors that might affect your decision.
Volatility and Speculation
Like all digital assets, DASH is highly volatile and speculative.
To jog your memory, DASH reached highs of $450 in 2021 and crashed to $100 in 2022. And that perfectly shows how unstable cryptocurrencies are.
Although most cryptocurrencies experienced a drop in value, this specific scenario indicates a 60% drop in less than a year, and that’s a lot. Therefore, if you want to add DASH to your portfolio, you need to be ready for all the potential fluctuations and changes.
The current price of DASH is £45 per coin, with a market cap of £493 million.
As we mentioned earlier, DASH has been around in different forms since 2014, so it has a longer price history than some other projects.
However, if you want to formulate an opinion on what the future for DASH might look like, you should only consider years from 2017 onwards. A huge price spike happened in 2017, and that continued in 2019 as well.
In August 2016, the price of DASH was $12, and then it skyrocketed in 2017 when it reached $109 at the start of the year. The price of DASH soared by 8,000 percent in 2017, and that raised questions about how high the DASH price could go.
However, it turned out that DASH hit an all-time high of $1,500 per coin. That happened during a 2017 blow-off top in the crypto market when Bitcoin first hit $20k (and then crashed).
DASH Price Predictions
You already know that cryptocurrencies are highly volatile. Therefore, you shouldn’t rely on price predictions as they are based on speculation. You should conduct your own research instead.
On the other hand, it’s sometimes interesting to look at price predictions for a particular coin, as long as you don’t take them too seriously.
When it comes to DASH price movements, a hope appeared when the coin surged back above $100 at the end of 2019 and at the beginning of 2020. Then it hit a peak of $450 in 2021, and it didn’t manage to set a new all-time high later on.
According to some analysts, its second bull cycle could be seen as a so-called echo bubble.
On the other hand, some people believe that we will witness higher values of DASH in the future.
Either way, DASH is striving to be defined as a viable alternative to traditional online payments.
Therefore, it’s possible that it will come close to its former highs at some point. Either way, DASH used to be a top 10 ranked crypto, and now it’s ranked #72 according to CoinMarketCap.
But then again, all of this remains to be seen, considering the volatile nature of cryptocurrencies.
Best Ways to Buy DASH UK
If you’re ready to buy DASH, there are several payment options to choose from. Let’s take a look at all the best ways to buy DASH with one of the top platforms we reviewed today.
Buy DASH with Credit or Debit Card
If you open an account with a regulated online broker like Coinbase or eToro, you can easily buy DASH using a credit or debit card.
If you opt for this payment method, you’ll have the opportunity to invest in DASH tokens immediately. Your go-to broker will debit your card right away and then add the digital assets you purchased to your portfolio.
However, some brokers charge hefty fees for credit/debit card transactions. Coinbase charges 3.99% and Crypto.com costs 2.99%. Only eToro provides credit and debit card deposits without any fees.
Buying DASH with PayPal
If you want to buy DASH with PayPal, you need to check if your platform supports it.
eToro is one of the reliable sites that allow PayPal deposits.
Buying DASH without ID
There’s also a way to buy DASH without going through the whole KYC (know your customer) process. However, you have to pay for it with crypto, and it will be an unlicensed exchange. For example, if you have Bitcoin, you can deposit it and trade the tokens for DASH.
But if you want to buy DASH with fiat money using PayPal or a credit/debit card, in most cases, you’ll be required to provide proof of identification. That’s simply a part of the anti-money laundering procedure that a top platform like eToro has to include.
Best DASH Wallet
Once you decide to invest in DASH, you’ll have to find a secure way to store your digital assets. In other words, you’ll have to get your own private wallet. Crypto wallets usually come in a form of a mobile app or desktop program.
Some of the popular options on the market are Phantom Wallet, Sollet, and Solflare Wallet. With all of these vendors, you’ll get your own keys, and you’ll have complete control over your coins.
However, owning these wallets requires you to install security procedures to secure yourself from potential hacks. If you want to avoid going through all of that, you can opt for the eToro Money Crypto Wallet. That’s undoubtedly a more beginner-friendly solution.
You can download the eToro crypto wallet for free. The wallet is ideal for newbies, and eToro can even help you regain access to your wallet if you forget your password.
How to Buy DASH in the UK – Tutorial
If you’re ready to buy DASH but you’re still not sure how to do it, this step-by-step guide will take you through the whole process of buying DASH with a top online broker eToro.
1. Sign up with eToro
To sign up, you need to create an account with eToro by visiting www.etoro.com. Click the JOIN NOW button to fill in your details. Verify your email address to continue to the next page.
2. Account Verification
To verify your identity, eToro will ask you to upload relevant documents. You can upload a copy of your ID card, passport, or driver’s license.
And to confirm your address, you can upload a bank account statement, a utility bill, or anything that can prove your residential address.
It will only take a couple of minutes to get verified on eToro.
3. Deposit fiat currency
Before acquiring DASH coins, you need to deposit funds. On eToro, you need to deposit at least $10 (approximately £7).
The platform accepts a variety of payment options, including Visa, MasterCard, and ACH as well as e-wallets like PayPal and Neteller.
4. Navigate to DASH and make a purchase
To find DASH on eToro, you simply need to enter ‘DASH’ in a search box at the top of the eToro dashboard.
When you see DASH on a list of markets, click ‘Trade’. Now you’ll be ready to buy DASH.
Finally, you need to enter the amount of money you want to invest in DASH. This can be any amount in US dollars, from $10 (approximately £7 upwards).
If you want to confirm your investment, click ‘Open Trade’ and the investment process will be completed.
5. DASH is now added to your eToro portfolio
After refreshing your account, your DASH coin will be displayed on your screen and added to your eToro portfolio.
And that’s all you need to do to buy DASH on a beginner-friendly platform like eToro.
How to Sell DASH
If your investment strategy involves eventually selling DASH, you can easily do it on eToro. You just need to go to your portfolio and place a sell order. It’s the same process as we just described.
Until you’re ready to sell, eToro will keep your tokens in your portfolio without any storage costs.
Things to Remember Before Buying DASH
Don’t put in more than you can afford to lose: It is recommended to trade DASH with funds you can spare. Like other cryptocurrencies, DASH’s price action is unpredictable and could cause catastrophic loss; therefore, trade with amounts you can afford to lose.
Resist ‘fear of missing out: Many traders have lost substantial funds due to FOMO. Emotions try to take over, especially when you decide to join the trend. It’s good to make sound analyses and follow the analysis strictly before taking on any trading position.
Understand tax consequences: Like you have taxes on fiat currencies, the same works for cryptocurrency. Ensure you stay on track with your taxes and abide by the liabilities associated with them. Read about UK tax on crypto here.
Long vs. short-term investment: Learn the pros and cons of long and short-term investment. Check which works best for you. Also, check for platforms that best suit your needs and meet your requirements in either long or short positions.
Many investors are interested in DASH, despite the coin’s drawbacks and the 2017 bull run. The DASH price is now at support levels, which means that the project allows fast, cost-effective transactions on a rather large scale.
So, even though DASH underperformed Bitcoin in 2017, it might still be a good investment, especially if you have a good investment strategy.
The easiest way to buy DASH UK is to open an account on eToro. This FCA-regulated provider is ideal for beginners, and it will allow you to opt for bank transfer, debit/credit card, PayPal, or an e-wallet.
There’s a $10 (approximately £7) minimum deposit, and the whole investment process will be done within minutes.
With eToro, you can also diversify your portfolio as well as Copytrade a more experienced investor. If you’re just starting out, eToro will help you get on the right track.
Either way, we hope our guide on how to buy DASH helped you understand this crypto asset a little better and, therefore, encouraged you to make the right decision.
Is DASH legal in the UK?
Yes, purchasing DASH is completely legal in the UK.
Will DASH become the most valuable cryptocurrency?
The possibility with cryptocurrency is quite unpredictable, but despite the features of DASH, there’s a slim chance of it attaining that position.
Can you buy less than 1 DASH?
Yes, this type of trading is called fractional trading, i.e., you do not need to buy 1 DASH.
Is it too late to buy DASH?
DASH is currently recovering from a deep dip and could recover fully. Moreover, due to the functionality and features of DASH, it may not be too late; still, its price movement is unpredictable.