If you are looking to learn the ins and outs of how to buy DASH in the USA, then you have landed on the right page.
DASH is a cryptocurrency that is designed to make digital assets more usable. The token helps to improve privacy and transaction speeds. It is also designed to enable people all over the world to make anonymous and instantaneous payments in stores and online.
Since it was launched in 2014, DASH has been a regular in the top 10 cryptocurrencies based on market capitalization. The cryptocurrency is traded across several exchanges and is growing in popularity.
There are different ways you can buy a DASH token. But the best option for you is through an exchange because it’s more secure and quicker to complete transactions once you’re registered.
If you’re interested in buying DASH and don’t know how to begin, the following guide provides a step-by-step process of buying, holding, and selling DASH cryptocurrency in the USA.
What's in This Guide?
- QUICK GUIDE: HOW TO BUY DASH IN THE USA
- A Step-by-Step Guide to Buying DASH in the USA
- How to Sell Your DASH Token
- Key Things to Consider if You're Thinking About Buying DASH
QUICK GUIDE: HOW TO BUY DASH IN THE USA
- 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.
A Step-by-Step Guide to Buying DASH in the USA
Set up an account with an exchange that supports DASH in three steps.
Step 1: Open an account with an exchange
The first thing to do when opening buying DASH tokens is to open an account with an exchange. There are several trusted exchanges in the USA that are willing to accept fiat currency for DASH tokens.
But each exchange has its features. Before choosing an exchange, make sure you compare their features thoroughly to understand their pros and cons and select the one that meets your needs.
After choosing the right exchange, you need to sign up for an account before you are funding your account. You will be required to sign up with your email address and a strong password that will protect your account.
Additionally, some exchanges may require you to provide some information such as your name, email address, contact details, as well as photo ID. These are necessary to fulfill the Know Your Customer (KYC) requirements of the law. However, not all exchanges require these details. If you’re not comfortable providing these details, you can opt for an exchange that doesn’t require such.
But it’s always safer to use a trusted exchange even if they ask for additional information to register.
It’s also important to select an exchange that provides two-factor (2FA) authentication for users.
Step 2: Deposit funds into your account
After registering with an exchange, the next step is to deposit funds into your exchange account. As we stated earlier, some exchanges do not accept fiat currency directly when buying DASH. If this is this is the case with your exchange, you need to buy Bitcoin with USD first before buying DASH.
But you can always select an exchange that allows direct deposit of USD to the exchange account when buying DASH.
They can offer you several deposit options such as through debit card, credit card, PayPal, or direct bank transfer. So, choose the option that’s most comfortable to you when depositing funds.
Step 3: Buy DASH
Buying DASH tokens is not as difficult as you think. Navigate your way to the market section of the exchange and select the currency pairing you want to buy. In this case, you should be looking for USD/DASH.
Type in the amount of DASH you want to buy at the space provided and select your order type (either market order or limit order). Review the details and submit. When the order is filled and executed, a notification email will be sent to you.
Step 4: Store DASH in a wallet
After buying DASH, you may want to store the tokens in a wallet, especially if you’re keeping the token for a long time.
Although some crypto exchanges can offer custody service to hold the crypto for you, it’s safer to have a wallet where you can keep the DASH token.
You can select either the cold wallet or the hot wallet when storing your DASH token. The cold wallet is the hardware wallet used to store your tokens physically.
On the other hand, the hot wallet is a software wallet that is connected to the internet. Between the two, the hardware wallet is safer.
So, if you intend to hold your DASH tokens for a long time, a cold wallet is the better option for you. However, you need to select a wallet that is compatible with DASH tokens, because not all wallets are suitable.
How to Sell Your DASH Token
Selling DASH tokens is also very easy. All you need to do is log into the exchange account you registered and access the sells page.
Select the crypto pairing you want to sell and enter the amount of DASH you are selling. You will be asked to review your order before it is finally recorded. Like the buy order, an email notification is sent to you after the transaction is executed.
Check Out: Dash Price Prediction Forecast
Key Things to Consider if You’re Thinking About Buying DASH
Before you decide to buy DASH tokens, there are key things you need to know about DASH and the crypto market.
Understand the risk in crypto trading
Cryptocurrencies are highly speculative, volatile, and complicated. The market is one of the most volatile as prices can change suddenly and trades can quickly turn around within a short frame of mind.
That’s why you should be completely aware of the risks before dabbling into the industry.
DASH is obviously not alone in the market, as it faces stiff competition for acceptance and usage from other cryptocurrencies. But the token has stood out among several other tokens, as the developers keep launching new projects for the token. The token also features decentralized governance, which allows holders to vote on important projects within the community.
The availability of DASH is something you should consider if you want to trade the token frequently. Fortunately, DASH is listed on a wide range of exchanges, which makes it easily accessible to investors and traders of the cryptocurrency.
Read More: Is DASH a Good Investment?
DASH cryptocurrency is a token that has remained relevant and accessible by many investors since it was launched. It has attracted lots of investors as the price of the token keeps rising.
The above guide will help you to buy DASH in the USA via a crypto exchange.
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Virtual currencies are highly volatile. Your capital is at risk.