What is Dash?
Dash is an open source digital currency based on the Bitcoin protocol that features several improvements over
original protocol. These advanced capabilities include near instant transactions (InstantSend), private
(PrivateSend) and a decentralized governance structure with a built-in voting procedure to accelerate
making. Dash's decentralized governance and budgeting system makes it the second decentralized autonomous
How to sell Dash?
You can sell Dash on by opening an account on a cryptocurrency marketplaces like exchanges and broker
Usually, you will additionally be required to verify your identity with a marketplace, e.g. by uploading
documents like your passport. You may also need to setup a Dash wallet to store your Dash in case the chosen
marketplace does not offer one natively on their platform. The account creation, identity verification and
processes can take from few minutes to several weeks.
Where to sell Dash?
There are different kinds of cryptocurrency marketplaces.
Exchanges resemble traditional stock exchanges such as the New York Stock Exchange (NYSE).
When you sell Dash
cryptocurrency exchange, you trade directly with other traders, yet without any personal contact to these.
this work, cryptocurrency exchanges have a matchmaking algorithm in place which determines the price of Dash
finds sellers for your order. Due to their advanced trading features that are tailored towards the needs of
professional traders, cryptocurrency exchanges can be a bit hard-to-use and confusing for beginners.
Brokers, by contrast, sell Dash out of their own asset stock. This means that when you sell
Dash from a
is no transaction with other traders, but the broker service. Cryptocurrency brokers often charge a higher
cryptocurrency exchanges, whilst offing a better user experience and more payment methods than
Lastly, peer-to-peer (P2P) directories are platforms where you can trade Dash directly with
it is more risky to sell Dash on a P2P directory due to the lack of a third party.
What to consider when selling Dash
This leaves us with the question: “What’s the best marketplace for you?” Well, you’ve come to the right
Cryptoradar lists popular places to sell Dash from all around the globe. Simply use our filters to find a
that meets your requirements.
Verification: Most marketplaces require you to verify your verification and your permanent
usually be done by uploading a copy of your passport and a recent utility bill. The verification process can
anywhere from few minutes to several weeks.
Wallet Service: A Dash wallet is an app or hardware device where you can store your Dash. We
choose a marketplace that provides a built-in wallet service. However, note that it is usually the safer
manage your wallet yourself - even though it requires some learning. Find more information about different
Prices & Fees: The price of Dash is determined by supply and demand, i.e. it is based on the
number of people
to buy and sell. While cryptocurrency exchanges determine the prices on their platform, broker services
prices on the current prices of the major exchanges, but usually charge a markup and fees for their
addition to trading fees, there may be fees to deposit and withdraw fiat currencies or Dash.
Payment method: Before you can sell Dash you need to send fiat money to a marketplace. Most
transfer, while broker services often offer a larger number of payment methods such as credit cards or
Skrill for an
Security: Security is an important factor when trading cryptocurrency. Cryptoradar helps you
security features. We also advise you not to store significant amounts of fiat or cryptocurrencies on
as they may be subject to cyber attacks.
When to sell Dash?
Is now a good time to sell Dash? We don’t know. However, if you are looking at a specific price at which you
like to sell Dash, we can help you to not miss a favourable opportunity: Sign up for a Cryptoradar account
and set up
a price alert to get notified when Dash trades below or above your target price.