Dash, like the Bitcoin, is a so-called cryptocurrency. Dash is perhaps less known than the bitcoin, but this does not make this digital currency by definition less interesting. In contrast to the Bitcoin, the Dash has several unique advantages. In addition, the Dash is also very volatile, which you as a trader can profit from. In this article, we’ll look at how you can trade in Dash with Plus500.
Risk warning: “76.4% of retail CFD accounts lose money”
Invest in Dash
Maximum profit in the short term
In the short term, you can make the most profit with Dash. The Dash is not an extremely stable currency, such as the euro or the dollar. Instead, the price of the Dash changes a lot, and by responding to this in the short term, you can maximize your profit as much as possible. You can do so with an online broker.
The best online broker to trade in Dash is Plus500. With Plus500, you can easily benefit from both falling and rising prices. Plus500 also allows their traders to go short on the Dash. Any drop in the price of Dash is then a profit for you. This way you can also speculate on price drops, thus increasing your chances of making money.
Long term trading
More and more people see cryptocurrencies as a good long term investment. Some people even see these new digital coins such as the bitcoin and Dash as the new gold. These digital coins are not under direct control of a central bank and they also have the necessary privacy benefits. This makes digital coins extra attractive as a backup.
It’s relatively easy to buy Dash for the long run. There are several providers on the Internet where you can purchase Dash for the long term. However, if you want to own the currency for a long time, you often have to pay a higher commission. The physical acquisition of the Dash is therefore attractive only when you see it as a long-term investment.
What makes Dash different from the bitcoin
It is sometimes difficult to keep up with the new developments in the world of cryptocurrencies. Therefore, we briefly discuss the biggest benefits of the Dash versus the bitcoin. A large advantage of Dash is that it confirms a transaction directly: Via the InstaSend payment system a transaction is approved within seconds. As for the bitcoin, it may take hours for a transaction to be executed.
It is also important to mention that Dash has better privacy than the bitcoin. PrivateSend keeps your entire payment history private. As a result, Dash may be even better for privately sending and maintaining financial assets.
In addition, it is interesting that Dash uses master nodes. This ensures that not only the miners who find the cryptocurrency will be rewarded. Other agencies who provide the storage and validation of the currency are also rewarded.
Finally, it is interesting to mention that 10% of the transaction costs go to a general pot. This pot is also called the Dash Treasury. The money in this pot is used to develop new Dash projects, which makes the development of Dash less dependent the willingness of volunteers. For all these reasons, Dash may make an even more interesting investment than the bitcoin.
The current price of Dash
Below you can see the current price of Dash in a chart provided by Plus500. By using the buy and sell buttons you can immediately trade in Dash. Success with trading!