A Beginner’s Guide to Buying and Selling DASH Cryptocurrency in Ireland
If you’re based in Ireland and wish to buy DASH – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many DASH tokens you want to buy.
DASH is a P2P payment-focused crypto asset that was initially launched as ‘XCoin’ in 2014. It is a fork of Bitcoin, which means it uses the same blockchain technology as Bitcoin. The main goal of DASH is to become the digital cash of the internet. Although it hasn’t reached there yet, the crypto asset has become very popular over the years. If you are looking to buy the DASH cryptocurrency in Ireland, you are in the right place. The following is a step-by-step guide when buying, selling, and storing crypto assets in Ireland.
What's in This Guide?
The guide provides information for those looking to buy DASH cryptocurrency in Ireland. It offers a step-by-step guide to buying DASH. It also provides information about registering with a crypto exchange and how to store your DASH tokens after buying from the exchange. Also, the guide explains how DASH works and a list of some important things to consider before buying cryptocurrency.
- Where to buy DASH in Ireland
- QUICK GUIDE: HOW TO BUY DASH IN IRELAND
- A step-by-step guide to buying DASH in Ireland
- How to sell DASH
- Which wallets can I use to hold DASH?
- How DASH works
- Key things to consider if you're thinking about buying DASH in Ireland
QUICK GUIDE: HOW TO BUY DASH IN IRELAND
- Open an account with a cryptocurrency exchange.
- Verify your account.
- Go to the deposit section
- Go to the platform and select DASH.
- Enter how many DASH coins you want to buy.
- Check the details and confirm your purchase.
Where to buy DASH in Ireland
There are few places you can buy DASH in Ireland, but the ideal place is in a cryptocurrency exchange. That is because crypto exchanges provide a more secure and efficient way of purchasing cryptocurrencies. It’s an ideal place for a newbie who wants to buy their first cryptocurrency.
A Step-by-step Guide to Buying DASH in Ireland
There are two main ways of buying DASH in a crypto exchange in Ireland: buying directly with another and purchasing using fiat currency.
Buying DASH with another cryptocurrency
If you already have another cryptocurrency such as Bitcoin or Ethereum, you can always register in the exchange and buy DASH using the crypto asset. This will be straightforward because virtually all cryptocurrency exchanges accept Bitcoin for payments.
Buying DASH using fiat currency
Fiat currency such as the euro is not given priority by most exchanges when it comes to funding your account. But some of the top exchanges in Ireland will not have any issues with users who are funding their accounts using such currencies. If you’re looking to fund your account and buy DASH using fiat currency, the step-by-step guide below will help you a great deal.
Step 1. Register for an account with an exchange
The first step to take when buying DASH is to register with the right cryptocurrency. As we mentioned earlier, you should register with a crypto exchange that accepts fiat currency. Otherwise, it won’t be possible to buy DASH if you don’t have another crypto asset. Once you select the exchange that accepts fiat currency, proceed to the registration portal and complete the required details.
You may be asked to provide your email address, proof of ID, residential address, as well as employment details. Not all exchanges will require these things, but those that do are trying to maintain the Know Your Customer (KYC) requirements.
Once the details are provided, your account will be created. Also, do not forget to enable two-factor authentication (2FA) to give your account added protection.
Step 2: Deposit funds into your account
After registering with the exchange, the next step is to deposit funds into your account. Since the broker accepts fiat currency deposits, you should be having different options such as payment via credit card, debit card, PayPal, or even direct bank transfer. Remember that each of these options comes with a transaction fee, so select the method that is most convenient to you. Enter the details and amount of funds you want to deposit. Review the transaction before finalizing payments.
Once the fund has been transferred to your online account, an email notification will be sent to you.
Step 3: Buy DASH
Here comes the part where you have to purchase DASH on the crypto exchange. Buying DASH at this point is not as difficult as it seems. Navigate to the market section where different pairs of cryptocurrencies are listed. Search for the DASH token and select the DASH/Euro trading option. If there is no trading pair for the fiat currency you have and DASH, the alternative thing to do is to buy Bitcoin or Ethereum and exchange the funds to have DASH. Enter the number of DASH tokens you want and review the order before submitting it.
Once the order is processed and executed, you will get an email notification.
How to Sell DASH
Selling DASH is also straightforward. All you have to do is follow a similar process in step three above. The only difference is the fact that you are clicking the “sell” link rather than the “buy link.” Enter the amount of DASH you want to sell and complete the order section.
Which Wallets Can I Use to Hold DASH?
After buying DASH, you may consider storing it in a wallet. Generally, keeping your DASH token in a crypto exchange is not the safest thing to do, because there is a hacking risk to worry about. But with a crypto wallet, you have maximum control over your funds. Normally, you can store your DASH token either in a software wallet or a hardware wallet. The latter option is the safer of the two because it is offline and not accessible by anyone else.
How DASH Works
The DASH cryptocurrency is a digital currency that is exchanged via encrypted software. It has a unique structure that runs on a two-tier network known as masternode. While the first tier network is made up of nodes, the second tier network is composed of masternodes. The network’s native currency DASH is now being traded across several exchanges.
Key Things to Consider if You're Thinking About Buying DASH in Ireland
If you’re looking to buy DASH in Ireland, the following are some key things to consider.
The market is very volatile
The volatility of cryptocurrencies is unquestionable. Prices can change suddenly at anytime, which makes it very wise to always pay attention to market indices. When you understand the level of volatility in the market, you will know how to reduce your risk.
The level of competition can also affect the acceptance level of any cryptocurrency. DASH is not alone in the market as it competes with Bitcoin, Bitcoin Cash, Monero, and Ethereum as the currency of the internet. This makes its adoption not as fast as many would have wanted.
The team behind the project
DASH has been doing well in the market for some time thanks to the level of projects the development team behind DASH has carried out. It goes a long way to indicate that the future of the token is bright. However, it’s always important to pay close attention to developments that could affect the price of the token.
Check Out: Pros and Cons of Investing in Dash
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Where can I buy DASH in Ireland?
You can buy DASH in a cryptocurrency exchange because it is the safest and most convenient place to buy the token.
Can I buy DASH using fiat currency?
Yes, some exchanges allow you to deposit funds using fiat currency.
How can I hold DASH token?
You can store DASH either in a hardware crypto wallet or a software wallet.