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Dash Coin, utilizing a similar infrastructure to Bitcoin and known as a Bitcoin hard fork, is a privacy-focused cryptocurrency. Initially launched under the name Darkcoin, developers, concerned that the name evoked a negative connotation, decided to change it to DASH following a community vote in the course of 2014.
Dash coin is particularly utilized in countries experiencing financial privacy and freedom issues. Record-breaking purchases of DASH are being made in many areas of Latin America, and an increasing number of investors are starting to ask questions like “Where to buy Dash coin?” or “How to buy Dash?”
So, what is DASH Coin, which has become such a popular cryptocurrency, and what needs to be done to purchase DASH?
What is DASH Coin?
Evan Duffield and Daniel Diaz, founders of DASH Coin, emphasized in a previous talk that Dash was the first privacy-centric cryptocurrency created using the work of Bitcoin inventor Satoshi Nakamoto. Additionally, Dash uses the X11 consensus model, similar to Proof-of-Stake, instead of the Proof-of-Work model employed by Bitcoin.
For obscuring transactions within the Dash network, a mixing service named Conjoin mixing is employed. This ensures that transfers within the transparent blockchain network are conducted with privacy. Dash, having a different consensus model, also possesses a unique transaction confirmation system.
In the DASH network, instead of miners, network nodes called Masternodes are present, and they approve all transactions. Masternodes help to significantly reduce transaction fees and processing time within the network.
So, with all these distinctive features, yet still echoing the infrastructure of BTC, where can one buy Dash coin, and what do experts think about DASH?
Purchasing DASH Coin
To purchase DASH Coin through Binance, the following steps can be followed:
- To buy DASH, first, you need to deposit USD balance on the exchange or purchase a cryptocurrency that can be used instead. For this, go to the Binance homepage, click on the “Buy Crypto” option in the upper left, then click on the “Credit/Bank Card” tab.
- In the tab that opens, select how much USD you want to spend and mark USDT, i.e., Tether, in the Coin section.
- After purchasing USDT, preview the “Buy-Sell” option in the upper left and click on the “Classic” tab.
- In the section that opens, select the USDT tab in the upper right, type DASH in the search button, and choose the DASH/USDT pair that appears below.
- Then, go to the “BUY DASH” tab in the middle, enter the amount of DASH you want to buy.
- Enter the desired amount and complete the DASH purchase by confirming the transaction.
