What is Dash (DASH) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like Dash (DASH).
What is Dash (DASH)?
Dash is a Cryptocurrency which was developed to do instant and private transactions. It is a decentralized and autonomous Cryptocurrency which is not controlled by any private organization. Dash was originally released as XCoin (XCO) on January 18, 2014 which was further renamed as Darkcoin on February 28 same year. Finally, it was re-branded as Dash on March 25, 2015. THE 10% of the total possible Dash coins was mined in just 2 days of its launch which was due a bug and error in the code. Dash focuses on privacy which is branded as privacy-centric digital currency with instant transactions. It maintains the anonymity and tractions are almost untraceable. It offers “Instasend” and “Privasend” features for making transactions.
Who can buy Dash (DASH)?
Dash (DASH) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy Dash (DASH)?
Binance (Best for USA and International purchase) is the best places to buy Dash (DASH). However, you can’t purchase Dash (DASH) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy Dash (DASH) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like Dash (DASH).
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell Dash (DASH) on eBay. Current market price of 1 Dash (DASH) is about ~$1,100 as on January 2, 2018, while it’s available on eBay anywhere between $3,00-5,000. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of Dash (DASH)
Dash (DASH) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
What is NEM (XEM) and how to buy?
What is Cryptocurrency?
Cryptocurrency is a type of digital asset. If you are new to the area of digital assets then please read my comprehensive guide on Cryptocurrency before doing any investment on any Cryptocurrency like NEM (XEM).
What is NEM (XEM)?
NEM is a Cryptocurrency which was launched on March 31, 2015. The idea to create NEM was started by a Bitcoin Talk forum where a user UtopianFuture proposed to create a fork of NXT but later community supported the development of new codebase.
Who can buy NEM (XEM)?
NEM (XEM) is an Altcoin which is not widely available to purchase directly using government-issued currency like US Dollar or Euro. But if you have either Bitcoin or other well-established Cryptocurrency likes Ethereum then you can exchange.
How and where to buy NEM (XEM)?
Binance (Best for USA and International purchase) is the best places to buy NEM (XEM). However, you can’t purchase NEM (XEM) directly by paying in Dollar or Euro. First you need to buy other Cryptocurrencies like bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is the most popular and trusted worldwide) then you need to transfer that to Binance balance (which is a very simple process and both sites will give you the respective currency address to get the currency) and subsequently you can buy NEM (XEM) with that balance. In other words, this is just the exchange and not the actual buying with dollars. This is also called as trading. On Binance, all trading is done with BTC, ETH, BNB or USDT. If you have any Altcoin you can transfer it to Binance balance and then you need to purchase one of these four currencies at market price first to exchange it for other Altcoins like NEM (XEM).
Please read another article to know more about other reputed Cryptocurrency exchanges apart from above mentioned Coinbase and Binance. Although, the step involving Coinbase and Binance is the best way to purchase digital asset as regulation may restrict you to purchase here. Exchanges listed here are also the potential place to invest in Cryptocurrency. Most of the exchanges are regulated and they have the license to operate in particular country. Some exchanges have permission to operate in globally while some are restricted like Bitfinex doesn’t allow US residents to use their platform. When you purchase cryptocurrency then exchanges which offer it in your country’s currency then that is the best way to avoid fiat currency conversion charges. Some exchanges use only USD while some offer purchase using USD, Euro, GBP, CNY, CAD, JPY, INR and many more fiat currencies. Some exchanges are used only to change one cryptocurrency to another. Above link will give you answer to explore other reputed cryptocurrency exchanges and subsequently you can decide exchange of your choice based on your country of origin and fiat currency.
Some people also sell NEM (XEM) on eBay. Current market price of 1 NEM (XEM) is about ~$1.2 as on January 2, 2018, while it’s available on eBay anywhere between $3-10. So if you have only this option to buy and if you are ready to give extra dollars then you can opt for this option as well. Some people also sell Cryptocurrencies on local sites like Craigslist, Offer up, Letgo etc. But you should be extremely careful as these are just the digital assets and transfer between individuals is based on the code. There is no proof for such exchanges and you either cannot claim your receipt or difficult to analyze the transfer. There is no government regulation on these currencies so you cannot claim if there is any issue.
Where to save my digital assets after making the purchase?
Purchasing cryptocurrency is not the only thing which one should consider if somebody wants to venture into cryptocurrency investment and trading. Keeping your digital assets is one of the most important things. There are four places where purchased cryptocurrency can be stored – online wallet (internet or mobile app), desktop software based wallet, hardware wallet and paper wallet. All online website based wallet or software installed on any computer connected to the internet are prone to hacking which ultimately may lead to loss of your digital assets. Without any doubt, the paper wallet is the safest way to store your digital assets but it is not the most convenient way. That’s why paper wallet is not most popular among people. However, offline hardware wallets are becoming very popular these days as the alternative to paper wallet which also gives the convenience of using it when required. Here is the list of all good hardware wallets to store your Cryptocurrency. Briefly, you can use Ledger wallet, TREZOR and KeepKey and Paxful wallet to store your digital assets. Please follow the link to read more about these hardware wallets.
How can I make the profit out of my purchase (long-term investment or can earn daily)?
Most people prefer to store cryptocurrency for a long time and sell when the price is high. This can be a good strategy to earn from your digital assets. However, there are alternate ways to make regular daily income using Cryptocurrency. One can use the two ways you can make money with Cryptocurrency. First is a quick way and another is slow but will give you long-term returns. I have explained both ways to make money daily using cryptocurrency in another article. Briefly, you can make money using Cryptocurrency trading and affiliate programs.
Can I earn some free Cryptocurrency instead of buying it?
Purchasing cryptocurrency is not the only way to have these digital assets. There are alternative ways to earn these free. Different ways to earn free cryptocurrency are explained in another post.
Financial potential of NEM (XEM)
NEM (XEM) is a fast-rising Cryptocurrency. It has grown up 800 times last week. The only question which everybody is asking – Is this the right time to think about Cryptocurrency and can I afford to miss the bus at this right time before becoming unaffordable? It may be a bubble or gold.
Caution
I am not the Cryptocurrency expert and you should take extreme precaution before purchasing any such currency.
Are there any other Altcoins with the potential to give big returns?
Please follow the link to see the list of other Altcoins currently being sold at Binance . You can also learn more about those Altcoins.
What option is good – Buy and Sell Cryptocurrency or hold it for the long time?
Cryptocurrency is in news these days and everybody wants to know how can I earn using this option. It is always tough to do valuation of any Cryptocurrency as it fluctuate a lot. So the big question is whether I should buy an Cryptocurrency like Bitcoin and hold it for big gain or just do trading for short term gains?
Whether you buy and hold it or sell it there is always a risk associated with any Cryptocurrencies. The inherent value in any Cryptocurrency is always based on faith and fear. Faith can build in one day can can be lost in one day because of any big regulation or news. Support after 5 years all governments ban the use of Bitcoin or any Altcoins then all your investment will go to dustbin as legally you can not use it. So as long as people has believe and no government is banning it then your price is expected to rise overtime as the coin supply become less and less and it approaches maximum possible mining. Once you reach that level or once it reached to your expected level then you can sell it for big cash.
As Cryptocurrency market is very volatile and the price fluctuate a lot on daily and weekly basis which are also totally depend on faith and fear. You can take advantage or these temporary loss and gain by doing trading. Trading will also preserve your currency as ultimately your aim is “Buy low and sell high”. Trading will take some of your valuable time as you need to keep your eye on current market price of Cryptocurrencies. If time is more important for you then don’t follow this route but if you have some free time then you can read my blog article on trading cryptocurrencies for more information on this topic.
Can I make money with Cryptocurrency daily?
There are two ways you can make money with Cryptocurrency. One is a quick way and another is slow but will give you long-term returns. I will explain both one by one.
- Quick way to earn: This will need you to buy Cryptocurrency at first. You can buy Bitcoin, Ethereum, Litecoin or Bitcoin Cash at Coinbase. Once you purchased your preferred Cryptocurrency then you can transfer that to GDAX which is the trading platform by Coinbase and same login details will work at GDAX as well. One need to do id verification before doing trading on GDAX. Once you are into GDAX interface you can sell your coin at one price and buy it at another price. People generally sell at the high price and buy at low price. “Buy low, sell high” strategy can make you earn quickly. At GDAX you can sell your coins with USD. As the price of Cryptocurrency is very volatile, the aim should be to catch a condition when the price is high at the time of selling and subsequently when price should be low at the time of buying. No one can catch all “buy low, sell high” combinations on a regular basis so you need to be very careful to gain maximally. Always remember trading is simply an exchange of cypto coins between two people on a trading exchange. So if someone is at profit then other will be at loss. Your aims should be gain at the end of the day. Sometimes when bad news is in market about Cryptocurrency then all bitcoin and all the Altcoins perform badly so you should avoid doing trading those tough day. It’s good to let some days going without any trading. But if there is some good news in the market it allows prices to go too high and you should not make mistakes during those times. The market will correct after some time and it will stabilize the price. Also, don’t sell too quickly at those times otherwise you may miss the major gains.
Coinbase (GDAX) is not the only place to do Cryptocurrency trading. GDAX is limited in offering only 4 coins to trade (Bitcoin, Ethereum, Litecoin or Bitcoin Cash). But you can join Binance which has Bitcoin and 100s of Altcoins in its list. So you can trade for any of these. The benefits of trading here is that you can take benefits from rise and fall of prices of 100s of Altcoins. However, you can’t purchase bitcoin or any other Altcoins directly at Binance by paying in Dollar, Euro or GBP. First you need to buy other Cryptocurrencies like Bitcoin, Litecoin, Ethereum somewhere (maybe from Coinbase which is most popular and trusted worldwide) then you need to transfer that to Binance balance (which is very simple and both sites will give you the respective currency address to get the currency) and then you can buy any altcoin with that balance. In other words, this is just the exchange and not the actual buying with dollars. On Binance, all trading is done with BTC, ETH, BNB or USDT. Therefore even if you have any altcoin you need to purchase one of these currencies first to exchange it for other Altcoins like Ripple, IOTA, Verge etc. Once you want to convert your gain to USD or Euro then you can convert all your coins to one of the options available on Coinbase means Bitcoin, Litecoin, Ethereum or Bitcoin Cash. Subsequently, you can transfer that to your Coinbase account by withdrawal option available on Binance. You now can sell your coin against USD at Coinbase or GDAX. Coinbase provides option to transfer your USD balance to your bank account directly via bank transfer or wire transfer. You don’t need to transfer your daily gains but you can transfer your monetary gain weekly or monthly. - Slow way to earn (free Cryptocurrency earning): You can earn some free bitcoins and other Cryptocurrency collectively called as Altcoins by simply being an affiliate for companies who are willing to share profit with you if you drive customers to their business. For example, The Coinbase and Binance links here are also affiliated links and if anybody click (I request to do so if you like the article) on these links and create an account then I will earn $10 at Coinbase and 50% of the trading fee at Binance. Similarly, there are many options as many companies are doing business based on Cryptocurrency and I have listed those in another post on earning free Cryptocurrency. I have made a list where you can join and earn free bitcoin. If you join those companies then you can publicize your affiliate links at different places. Your personal website or blog is the best place but you can also use any social media or discussion forum where like-minded people are talking about these things. You will have highest chance to drive traffic through your affiliate link. If you are very popular on social media like Facebook, twitter, LinkedIn etc then your success is most like as your followers will join using your affiliate links after your suggestions.
However, you should know Cryptocurrency is a very volatile market and values of bitcoin or any other Altcoins can fluctuate a lot making big gain or loss. So invest your time and money wisely.