Altcoin Review: Bitcoin Alternative Dash (DASH) And Its Features – Dash Review & How To Buy Dash

Dash Review

Money is becoming decentralized after the introduction of Bitcoin blockchain technology. But it did not end with Bitcoin, and several digital currencies get introduced on a regular basis trying to offer many benefits over the other.

The primary focus of every new coin is dissolving the issue caused by bitcoin and that it failed to offer privacy for the transaction details. Anonymous Cryptocurrency gave birth to resolve this fundamental problem of bitcoin. One new name in the market is the DASH. Digital cash, another alternative to BTC.

About Dash Important Features

Dash is different from cryptocurrency projects including the Stratis and Ethereum primarily into the development arena. Dash promotes itself in the Cryptocurrency business as a peer-to-peer distributed electronic cash. It projects itself to be same as that of the real money and wants to be in the market similar to USD, INR, EUR, and many others. In simple words, it wants to be recognized as money in every country as a local currency would be called.

It is similar to BTC in its technology and is an open source technology using a specific blockchain. They have a separate community and wallet infrastructure. The only difference between BTC and Dash is the transaction fee, which is lower in Dash.

Dash is a digital money and will offer better privacy and transaction speed than the BTC.

Birth of Dash

Evan Duffield introduced Dash to the world in 2014 on 18th Jan. First, it was introduced as an XCO (Xcoin). Again got named as Darkcoin in Feb 2014, and within a month’s time it came to the market. Finally, within one year after undergoing many changes, it was called as Dash in 2015 March.

Inspired by the BTC in 2010, Evan wanted to study technology, and provide more privacy and quick transaction. It gifted the Cryptocurrency world with Dash.

Supply of Dash Coin

A sum of 18 million Dash coins is designed for supply and circulating close to 7.4 million coins at present. The block reward introduced for selling Dash coins reduces at the rate of 7.1% on a yearly basis. Dash block mining time on an average is 2½ minutes. When compared to BTC, it is four times quicker.

Steps to Buy Dash

Changelly allows you to get Dash quickly and it is fast to exchange with them. To know about Changelly, you must understand that it is an exchange with several types of cryptocurrencies collected in one place. It is quick and easy to exchange many cryptocurrencies there. More than 55 digital currency is recognizable in Changelly and Dash is one among them.

  1. Create a Dash address and mention it in Changelly to get your transaction on.
  2. Also, you require some coins, and they can be either a Bitcoin BTC or a Litecoin LTC. In the recent years, other currencies are also recognized by the Dash to be exchanged in Changelly.
  3. You can exchange BTC and continue to stay in the world of Digital currency by trading with better features of Dash.

HotForex Has Introduced Cryptocurrencies To Its Tradable CFDs – HotForex.com Cryptocurrency Broker Review

HotForex Cryptocurrency Broker Review

Since 2008 HotForex has quickly risen to become a popular Forex and CFD broker among international traders. Recently they have added cryptocurrencies to their trading portfolios. HotForex’s main offices are located in Mauritius, where they are also licensed. HotForex is also regulated by Europe’s Financial Services Commission (FSC). 

Platforms & Tools

HotForex offers only a few different platform options. Their primary platform is MetaTrader 4, which is offered both as a download and in a web terminal. There is also a MT4 platform compatible with Mac devices. 

The one thing I like about their platform offerings is the fact that they put their own unique spin on the MT4 web-based terminal, which was smooth, easy to navigate, and I never experienced slow loading times or lag – which is a common issue with web-based trading platforms. 

Cryptocurrencies

Available cryptocurrencies to trade on the HotForex platform are Bitcoin, Ethereum, Litecoin and Dashcoin. This is only 4 cryptocurrencies but it is a good start for this popular brokerage and we plan to see them add more variety in the future.

HotForex Account Types

Overall, HotForex offers 5 different types of trading accounts. They include: Micro, Premium, VIP, Currenex, Auto, and an Islamic trading account. 

  • Micro – The minimum deposit required for opening a new Micro account is just $5. Maximum available leverage is a massive 1:1000. Spreads vary, but start at just 1 pip. 
  • Premium – The premium account requires a $500 initial deposit and comes with a maximum 1:400 leverage. Spreads also start at just 1 pip. 
  • Currenex – This account also requires a $500 initial deposit, comes equipped with 1:400 leverage, but has spreads starting at only 0.2 per trade! 
  • VIP – The VIP account is for high rollers, and requires an initial deposit of $20,000. Maximum available leverage is 1:300 with spreads starting at only 0.2 pips. 

Their Micro account is the best way to get started trading right away without a ton of risk. Definitely a value buy. 

Pros & Cons

There a multiple reasons why we recommend using HotForex as your next cryptocurrency broker. 

Pros

  • Licensed and regulated 
  • Small trader friendly – start trading for as little as $5 
  • Very large leverage, maximum 1:1000 
  • Highly competitive spreads 
  • Total of 8 different types of accounts 
  • Large diversity of trading instruments 
  • Award winning broker 

Cons

  • Does not accept US traders 
  • Not many trading platform options 

FAQ: How to Start Cryptocurrency Online Trading

Purchasing cryptocurrency such as Bitcoin and Ethereum was once considered to be investing for the nerdy and tech trolls. But today, any regular person can invest in cryptocurrency such as Bitcoin and Ethereum safely and with easy.

The internet enabled online trading. With online trading anyone with enough spare money and an internet connection can open an account to invest in cryptocurrency such as Bitcoin and Ethereum on an exchange or with a Bitcoin or Ethereum Broker.

Because of easy online trading of Bitcoin and Ethereum, you don’t need a six figure job or a personal broker. But because trading any financial market is so easily accessible, you can not take trading lightly.

With this said, let’s take a look at one of the most vital pieces to making online trading work for you: Choosing the safest and most trusted online Bitcoin and Ethereum trading broker.

Choosing An Exchange or Broker

Before you can actually start buying and trading cryptocurrencies such as Bitcoin and Ethereum online, you need to choose a crypto broker or exchange. A broker or exchange will give you an account after all the necessary documents and information has been given, they will store the money you deposit in your account and are responsible for executing your trades.

There’s a nearly endless number of brokers and exchanges to choose from, and each will vary by the level of help they provide, the type of accounts they offer, the platforms they use, leverage and much more.

Choosing a broker or exchange to trade online is not something that should be taken lightly, which is why you should consider the following key points when looking for the exchange broker who fits your needs.

How much capital are you able to invest in online trading?

A majority of online exchanges or brokers require investors to meet a minimum deposit amount in order to open an account. Some brokers will only accept investors who earn a certain amount of money annually.

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How many trades are you planning to make?

Plan on buying one or two cryptocurrencies and holding on for years? If yes, then some brokers will consider this type of selective long-term trading as an “inactive” account, so check to see if the broker imposes inactivity fees.

If this is not your trading style, and you plan on making lots of trades, you want to look for an exchange or broker with lower trading fees.

Regardless of how much you plan on investing in online trading, you need to take all types of fees into account so you have a better understanding of how this exchange or broker will affect your bottom line.