How to Buy DASH Coin (for Beginners)

How to Buy DASH Coin (for Beginners)

In this article, we’re going to show you how to buy DASH Coin and find a great platform that you can trust. In order to buy DASH Coin, we recommend eToro as the premier CFD trading platform that provides DASH.

What is DASH?

The company is the first decentralized and autonomous organization which has issued currency. Dash is a decentralized business, that is, it runs independently of any organization and allocates budgets for marketing and development independently as well as pays existing employees automatically.

As of June 2017, Dash is the 7th best-performing cryptocurrency in terms of volume. The Dash is quite trusted in the cryptocurrency industry due to its independence from power and full decentralization. Unlike Ethereum, the prices of Dash do not go down over rumours. It’s been averaging about $150, growing from  $0.10 per unit to $1.1 Billion market cap.

Therefore, it’s also a very reliable currency that one can invest in and store for the future.

So, where can you buy DASH Coin?

We at WikiCrypto, recommend eToro as the premier platform to buy DASH Coin and secure a short term investment into crypto currencies.

The eToro Bitcoins CFD trading website was founded in Tel Aviv, Israel in 2006 by two brothers as a website for social exchange between traders. This, however, grew into an idea that they could create a trading website and pair the social aspect, making it a sort of Facebook for CFD traders.

On the website, you can trade eToro bitcoins CFDs and connect with your favourite traders, you can follow them and their trades! Yes, you can actually copy trades that high earning traders are doing; since all of their trades are posted on their wall. You can comment on a trade, start a discussion and even message your favourite traders.

That’s what sets eToro Bitcoins CFD trading apart from other websites. Since eToro has a strong community within it, it helps beginners to start trading and helps create a strong network.

Is CFD the best way to buy Dash Coin?

At WikiCrypto, we suggest eToro as the best platform to buy Dash coin because of several reasons. Here’s an introduction to CFD trading.

Contracts for the difference – a CFD – is technically a unit that is traded on the platform. Essentially, this market is all about speculation. If you think that the price of an asset will rise, you purchase 10,000 units or CFDs to show that position in the market. Now, if the price actually does go up, you would make a proportional profit.

Conversely, if the market moves against you, you would be in a loss for your purchase of the 10,000 CFDs have been devalued. When you trade CFDs, you’re not trading the underlying asset, there’s no real world market access. You only buy CFDs, a speculative representation of the asset.

So, why is CFD trading the best way to buy DASH Coin?

The usual idea about how to make money from bitcoin is that you trade Bitcoin CFDs; buy at a low price and then sell at high prices. This is a unique situation in the market and you need to hope that the price increases again.

However, in CFD trading, you can make money from rising or falling markets. Since you’re only speculating on the way that the market moves, you can make a profit from the market going down as well as going up.

The best part about trading CFDs is that you can go short as well as long. This allows people to invest in the long run as well as invest as day traders. That’s why CFD trading is a favourite amongst traders.

Start Trading Now!

Thus, here’s where you can read more about eToro and read our guide to Bitcoins CFD trading!

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About Article Author

Michael Serrano
Michael Serrano

Michael is an engineer and a bitcoin evangelist. He has been involved in cryptocurrencies since 2013. His biggest wish? 1 billion users of bitcoin, ether and litecoin by 2020. In the last 10 years he has worked for various early-stage start-up as a back-end developer.

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