Where & How to Buy Dash (DASH) for Beginners in 2024

By:

Prash Raval

Prash is a financial writer for Invezz covering FX, the stock market and investing. For over a decade he has traded spot FX full time while... read more.

 & 

James Knight

James is the Editor of Education for Invezz, where he covers topics from across the financial world, from the stock market, to cryptocurrency, to macroeconomic markets.... read more.

Updated: Jul 22, 2024

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Dash coins are available buy via a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Dash this way. Follow our quick step guide below.

How to buy Dash quickly in 3 steps

To buy Dash you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.

Step 1. Sign up to a crypto platform

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We’ve ranked eToro as the best crypto platform to get started with. Alternatively, there are several other options to select from below. Anyway, create an account and supply a copy of your photo ID for verification.

We found 11 crypto platforms for users based in

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Recommended Minimum Deposit Safest Platforms User Rating

Most popular

1

Min. Deposit

$ 100

Best offer

User Score

9.9

Up to $240 bonus!

Build a diversified portfolio with crypto, stocks, and ETFs — all in one place.

Trade on the world’s leading social trading and investing platform

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, PayPal, Credit Card, Wire Transfer

Full Regulations:

CySEC, FCA

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2

Min. Deposit

$ 1

Best offer

User Score

9.8

Offers maximum flexibility for crypto trading strategies.

Responsive customer support through various channels, including live chat, email, and a comprehensive help center.

Wide range of trading options, including spot trading, margin trading, and futures contracts.

Start Trading more info

Payment Methods:

Bank Transfer, Debit Card, Credit Card, Wire Transfer, Visa, Mastercard, American Express, Apple Pay, Google Pay, Discover, Bank Transfer: SEPA

Full Regulations:

Don’t invest unless you’re prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong.

3

Min. Deposit

$ 10

Best offer

User Score

9.7

0% deposit fees, 0% withdrawal fees, 0% trading commissions

Set up automated trades and up to 50 limit orders with ease

Buy and sell 90+ cryptos and utility tokens, precious metals and national currencies with as little as $1

Start Trading more info

Payment Methods:

Bank Transfer, Wire Transfer, Cryptocurrencies, Apple Pay, Google Pay

Full Regulations:

FCA

Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

Step 2. Make a deposit

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Add funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $100 on most services.

Step 3. Buy Dash token

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Locate the search box and type DASH. Once you locate the coin trading page, enter how much money you want to spend and hit ‘trade now’.

Now you own Dash tokens! Not a big deal, right?

Where to buy DASH easily

The overall best platform to buy Dash for beginners is eToro .

Here are the top five places to buy Dash, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.

Read more about how we rate, rank and review platforms.

Best exchanges to buy Dash (DASH), reviewed

1. eToro. Best for beginners, copy-trading & demo-account

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1%

Fees

$100

Minimum deposit

1500

No. assets

Yes

Demo/virtual account

Pros & Cons

Great for beginners, simple to set up and get started Competitive, industry-leading commissions Popular ‘Copy Portfolios’ function lets you follow top traders Excellent customer service, with live chat support provided

Comparatively high fees for withdrawals and account inactivity Does not integrate with the MetaTrader platform High spreads on some assets

Overview

We love eToro because it’s a crypto trading platform built with beginners and casual traders in mind. The platform combines an interactive, social trading experience with an easy-to-use interface, making it ideal for novice traders.

The far-reaching catalog of 100 cryptocurrencies includes big names like Bitcoin and Ethereum, as well as smaller crypto tokens with high growth potential. Some supported tokens can be seamlessly transferred to the eToro Money crypto wallet for safekeeping.

One feature we particularly appreciate is the ability to interact with eToro’s 35 million users on any asset, market, or portfolio page. If you find traders whose strategies match your risk tolerance, you can copy their portfolios automatically using eToro’s flagship copy trading functionality. eToro crypto’s Smart Portfolios offer a great entry point into digital currencies, an opportunity to learn and potentially benefit from the expertise of more experienced traders.

If you don’t feel comfortable investing your cash straight away, you can use a free demo account, credited with $100,000 virtual dollars. This offers plenty of opportunities to try out a trading strategy that works for you across the 100 crypto tokens available.

Highlights

Features	eToro summary
No. of tradable assets	3600+
Min. Deposit	$100
ID verification required	Yes
Free demo account	Yes
Supported assets	Stock CFDs, ETF CFDs, Forex CFDs, Crypto CFDs, Index CFDs, Commodity CFDs, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	ASIC, FCA, CySEC, FinCEN
View more >	eToro >

Visit eToro eToro Review

Cryptocurrency is offered by eToro USA LLC (“the MSB”) (NMLS: 1769299) and is not FDIC or SIPC insured. Investing involves risk, and content is provided for educational purposes only, does not imply a recommendation, and is not a guarantee of future performance. Invezz.com is not an affiliate and may be compensated if you access certain products or services offered by the MSB.

2. Kraken: Best for simple, global cryptocurrency trading from your phone

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0.10% – 0.26% (volume dependent)

Fees

$1

Minimum deposit

90

No. assets

Yes

Demo/virtual account

Pros & Cons

Cheap/ free deposits in EUR and cheap deposits for the USA Margin trading and Futures supported Transparency – it was the first exchange to carry out proof of reserves Low fees in comparison to other exchanges

Catered towards professional traders with large trading volumes Slow account verification in comparison to other brokers

Overview

We love Kraken because it’s a beginner-friendly crypto trading platform, one that’s designed to make it quick and convenient to buy and sell crypto on the go. The Kraken mobile app provides access to over 200 cryptocurrencies making it one of the most diverse platforms around. 

With an intuitive interface and many advanced features, the Kraken crypto app is suitable for those just starting, or experienced traders wanting to enhance their trading experience. The Kraken mobile app caters to different trading styles and preferences with spot, margin, and futures all available. 

Kraken’s mobile app also supports up to 5:1 leverage allowing you to amplify your position and potentially increase your returns. With such a wide selection of tokens available and a solid range of features and tools, the Kraken app is one of the top cryptocurrency trading platforms while on the go. 

The fees: Kraken charges a fee of between 0-0.26% on every crypto trade. There are no costs to set up an account and no flat trading fees.

Highlights

Features	Kraken summary
No. of tradable assets	200+
Min. Deposit	£10
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, AUSTRAC, FCA, MiFID II, FinCEN, FINTRAC
View more >	Kraken >

Visit Kraken Kraken Review

3. Uphold. Best for building long term wealth

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$0.99

Fees

$10

Minimum deposit

300

No. assets

Yes

Demo/virtual account

Pros & Cons

Wide range of cryptocurrencies available Zero deposit and withdrawal fees Crypto wallets to store your coins Low minimum deposits and fast account set up

Spreads can be high for some cryptocurrencies Services vary depending on region Customer support is limited

Overview

We love Uphold because it’s a regulated and transparent digital asset platform. Uphold is an excellent platform for discovering important new tokens early, making it ideal for investors looking to get in on the ground floor of emerging cryptocurrencies. 

Uphold offers a broad selection of coins, with over 250 tokens available catering to both seasoned and novice crypto traders. The platform regularly adds new assets allowing users to invest in promising projects before they gain mainstream attention. 

Uphold isn’t just a platform for investing early. One of the main advantages of using Uphold is its transparent and competitive fee structure. The platform does not charge for deposits or withdrawals, and trading fees are clearly stated. You can also trade between different asset classes including fiat currencies. 

The fees: Crypto spreads start from 0.9% and are usually lower than 1.3% for BTC and ETH. Other cryptocurrency spreads are higher. Average spreads on fiat currency are 0.2%. There is a $0.99 fee for transactions under $100 made with the Uphold card.

Highlights

Features	summary
No. of tradable assets	250+
Min. Deposit	$1
ID verification required	Yes
Free demo account	Yes
Supported assets	Cryptocurrencies, Commodities, Currencies
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FinCEN
View more >	>

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Terms Apply. Cryptoassets are highly volatile. Your capital is at risk.

4. Coinbase. Best secure trading platform for all types of trader

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Up to 0.6%

Fees

$2

Minimum deposit

4

No. assets

No

Demo/virtual account

Pros & Cons

Simple and easy to use interface Able to buy cryptocurrencies instantly with a credit or debit card Offers great security on its wallet Can use a variety of payment methods

Quite high fees for credit and debit card instant buys Poor customer support

Overview

We love Coinbase because it’s the leading public crypto platform. Coinbase offers more than 170 cryptocurrencies to trade, a secure wallet to store your coins in, and automatic staking rewards on 10+ cryptos through Coinbase Earn.

Coinbase’s user-friendly platform simplifies the buying, selling, and trading processes, making it one of the top crypto exchanges for all levels of trader. But, Coinbase isn’t just an easy to use platform, it’s one of the safest and most secure. 

A public company brings transparency and renown, so you can trust that any money on Coinbase is safe and you’re sharing the platform with over 100 million other users. It stores 98% of customer assets offline in cold storage, minimizing the risk of theft. There is also insurance on all cash balances up to $250,000

The fees: Trading fees start from 0.6% but reduce the higher your trading volume. Bank transfer deposits and withdrawals are free, other payment methods may be charged. There is no fee for wallet-to-wallet crypto transactions but you will have to pay blockchain fees. Coinbase charges a 25% fee for its staking services.

Highlights

Features	Coinbase summary
No. of tradable assets	150+
Min. Deposit	$10
ID verification required	Yes
Free demo account	No
Supported assets	Cryptocurrencies, NFTs
Mobile trading app	Yes
Web trading platform	Yes
Regulatory bodies	FSA, FCA, NFA
View more >	Coinbase >

Visit Coinbase Coinbase Review

5. KuCoin. Best social trading altcoin exchange

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…

Fees

…

Minimum deposit

1

No. assets

No

Demo/virtual account

Pros & Cons

Anonymous trading with up to 2 BTC withdrawals/24 hours Wide variety of cryptocurrencies No deposit fees

Low trading volumes not suitable for big traders Doesn’t support U.S. customers You might experience delays and lags during high-traffic times.

Overview

We love KuCoin because it’s a great place for beginners to trade more than 700 altcoins. Kucoin offers a vast range of cryptocurrencies including all the big names like Bitcoin and Ethereum, together with hundreds of altcoins and newly released tokens. 

The exchange gives you multiple ways to trade and invest in crypto, including spot trading, futures trading, margin trading, and staking. This choice allows you to choose the method that best suits your trading strategies and risk tolerance. 

Kucoin is a top platform for both beginners and experienced traders. Its intuitive interface is easy to get to grips with and its advanced trading features mean even high volume traders can make use of it. Kucoin also offers an earn feature, where you can generate passive income through staking and lending, making it one of the best all round crypto exchanges. 

The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.

Highlights

Features	KuCoin summary
No. of tradable assets
Min. Deposit
ID verification required	No
Free demo account	No
Supported assets
Mobile trading app	No
Web trading platform	No
Regulatory bodies
View more >	KuCoin >

Visit KuCoin KuCoin Review

How to trade DASH

You can trade Dash on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how DASH crypto trading works:

1. Monitor the price: For simplicity, let’s say the price of DASH/USDT is $1. You read the price charts and decide that now is a good time to start purchasing DASH.
2. Open a trade: You trade one USDT for one DASH ($1 USD for 1 DASH).
3. Continue to monitor the price: The following month, one DASH token is now worth $2, a 100% increase.
4. Close your trade: You trade your DASH token back to USDT for $2.

In this example, you buy and sell Dash, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend countless hours learning to trade, reading charts, technical patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.

What is the best way to pay for Dash (DASH)?

The simplest way to buy Dash cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for DASH.

• Buy Dash with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.

• Buy Dash with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a $1 fee, and these transactions are more or less instant as they run through the Automated Clearing House (ACH) in the US, Faster Payments System (FPS) in the UK, or Single Euro Payments Area (SEPA) in Europe.

• Buy Dash with PayPal. Some crypto brokers accept deposits via PayPal. Not many exchanges offer this option, however you can find here the best crypto exchanges that accept PayPal.

• Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.

How do I store Dash (DASH)?

Most people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Dash then you should move it to a crypto wallet.

A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Dash wallets to use are MetaMask and the Ledger Nano S.

Is now a good time to buy Dash?

The answer depends on the current price and your own investment goals. Put simply, buying Dash, selling Dash, and trading DASH are all the exact same process in literal terms. It’s really just your personal investing intentions that defines whether ‘now’ is a good time to invest or not.

• If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #HODL a coin long term in the hopes of larger profits. In this sense, any time is a good time to trade Dash.

• As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of DASH, then a good time to purchase Dash is on any major dip.

In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Dash and selling it the next day probably isn’t why you’re here either.

How has Dash (DASH) performed this year?

The current Dash price today is $25.68, which is -98.44% versus its all time high of $1,642.22, which it reached on 20 December 2017. DASH is -12.50% this year, with a 52 week high of $44.17 and a 52 week low of $19.15. 

Regardless, closely following Dash price news & analysis will help you decide when to pull the trigger.

Is Dash (DASH) a good investment?

Whether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Dash and its token to help you decide whether to invest in DASH.

• Dash offers features that aren’t available with Bitcoin. Its focus on speed and flexibility means there are alternative payment options that bypass the blockchain and it has more of a focus on privacy as well.
• It offers fast transactions. Compared to similar coins like Bitcoin, Dash is considerably faster. DASH holders can use its Instantsent feature to send funds instantly, with near transaction times of less than a few seconds. 
• Dash is a secure network. DASH uses a hybrid consensus mechanism that combines Proof of Work (PoW) and Proof of Service (PoSe) to ensure network security.
• DASH is a payment method accepted at many online stores. Bitcoin is the top cryptocurrency but there’s still room for other coins to jump into mainstream use. Dash is already accepted as a means of payment by more than 500 online retailers, and more uptake would be a really good sign for its investment prospects.
• Coin holders can earn rewards. Dash token holders can earn rewards by running a master node to secure and verify transactions. You’ll be required to hold a certain amount of DASH to earn rewards. 
• There is a limited supply of DASH tokens. DASH has a maximum supply of 18.9 million coins, which helps limit inflation and maintain the coin’s value over time. As there’s a limited supply, its scarcity may increase in the future, which could increase its value. 

Use this quick summary of pros and cons to compare Dash with other, similar projects.

Ultimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.

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