Dash Online Casinos
Digital currencies have really caught on, especially in the modern-day online gambling industry, and users are particularly satisfied with Dash. This is a cryptocurrency that has been launched six years after the first-ever Bitcoin, but it has been designed to surpass all others in the sense that it is far more convenient to get started with and use. That’s why it has become quite popular across online casinos. Why choose Dash over any other digital currency as a payment method across online casinos?
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Dash FAQs
What is Dash?
Dash is a digital currency, known as an improved version of existing ones, as it is much easier to exchange, store and use. It has gained a huge user base, and as such, it has easily found its way into the online gambling industry.
Can anyone, from any country in the world, use the cryptocurrency?
Yes, sure. Just like with other cryptocurrencies, there are no country restrictions when it comes to using it. You should keep in mind that some countries do not support the use of digital currencies overall, so you might want to check out your country’s laws on this subject to ensure whether you are free to use it or not.
What is its average value?
Just like with other digital currencies, its value fluctuates. Its all-time peak so far has been $73 per coin, however, it all depends on the market.
Which wallets should I use to store my coins?
There are plenty of wallets you can use to store your coins. But, if you visit its official website, you will see that the recommended mobile and desktop wallets are Dash Android, Jaxx Liberty, Bitnovo, Coinomi and Exodus, among others.
Do many exchanges offer it?
Sure! Most, if not all, exchanges that exist out there offer it. Even though Coinbase is always at the top spot and the user-favourite, you can always visit DigiFinex, PandaExchange and Bibox, or any of the other 200 exchanges to obtain some coins.
About Dash
Designed to be the most user-friendly cryptocurrency, Dash was launched six years later than Bitcoin, in 2014. It is user-friendly in the sense that it is far easier to get started with, exchange, store and use, compared to existing cryptocurrencies. It is, though, based on Bitcoin’s underlying blockchain technology, but even though it functions more or less in the same way as other digital currencies, it is still much improved and enhanced with some excellent functionalities.
Formed on the basis of Bitcoin, it basically functions with the same ledger tech which allows users to complete transactions. However, the main difference is that this crypto uses servers designed to provide coin holders with advanced governance, on the blockchain technology, which are called masternodes.
These masternodes were premiered along with the digital currency itself, as an important innovation, a novel concept that hosts copies of the blockchain and adds a second layer of important advanced services, such as InstantSend and PrivateSend. They boost the sending and storage functionalities on the blockchain and significantly boost the user’s experience.
Naturally, considering it provided a friendlier and easier way to get started with and use a cryptocurrency, Dash became an instant hit across the iGaming industry. People were fascinated with the perks it can offer, the speed and the improved functionalities, and they all wanted to obtain some coins and use them across online casinos. That’s why casinos fully embraced it. If you’re ready to find out the types of services it offers and how to get started with it, follow our lead.
Types of Services Offered
Before we get into the getting started process, we must mention the two important functionalities Dash offers, the InstantSend and PrivateSend.
InstantSend is the functionality that allows Dash transactions to be processed in literally a second, thanks to the masternode network. With other cryptocurrencies, you need to wait for the network verification, meaning wait for quite a while for the transaction to be completed. But with InstnatSend, the masternodes validate the transaction, thus, make it instantly available after the user confirms the transfer. In fact, the coins cannot be double-used because the transfer gets immediately sealed after you confirm it.
PrivateSend, on the other hand, is the star feature. You know how transactions with any cryptocurrency are untraceable? Well, with Dash, any evidence of the transaction is completely eliminated. What PrivateSend does is, it breaks the coin into pieces, mixes it up and the different masternodes validate it, leaving no trace of the actual transaction, contrary to what happens with other cryptocurrencies, which normally send the coins from one to another wallet openly.
Now that you know its strongest suits, you can get started with it. As mentioned, in this regard, it functions like existing currencies. If you visit its official website, you’ll see the getting started for individuals and businesses pages, and you’ll learn all about how it functions. But let’s sum it up.
First, you need to obtain some coins. You can do that by mining. Even mining, which usually takes a lot of electric power and money, is simplified with Dash. Thanks to its X11 hashing algorithm, the power consumption is reduced, so you can get your reward for solving a mathematically difficult problem and get your coins easily.
But, if mining is not your cup of tea, you can always purchase some coins at exchange platforms, brokers or even purchase them on some ATMs! That’s right, on its homepage, you will learn that you can also purchase your coins on ATMs all across the world!
Once you’ve obtained your coins, you would need to find the appropriate wallet to store them. There are already plenty of wallets you can choose from, but keep in mind that DashPay Wallet is coming soon, as announced on its official website.
How to Deposit with Dash?
Considering how advantageous this crypto is to use, its popularity across online casinos should not surprise you. In fact, it is thanks to players’ interest in it that it got so quickly embraced by online casinos. You will find hundreds of online casino sites that accept Dash, mostly because of the really instant transactions, but because of the other perks it offers, too. So, choose one of the many casinos offering it, and join it by clicking or tapping on the Join Us/Sign Up button. Enter the needed details and you can continue making a deposit.
- Go to the casino’s Cashier/Banking page.
- From the list of accepted methods, or from the list of cryptocurrencies, locate Dash’s logo and click or tap on it.
- After you access your wallet and specify how much you’d like to deposit on your casino balance.
- Enter the casino’s wallet address in the designated field.
- Confirm the transaction, and once you do, in a second, the coins will arrive on your balance.
How to Make a Withdrawal with It?
Payouts with Dash are just as easy as deposits are. You would need to go through a similar procedure. This time, after you locate it on the Withdrawals page, you would need to specify how much you’d like to withdraw and enter your wallet address so that the casino can send the coins to it. Confirm your request and wait for the casino to review it. As soon as the casino approves the request, the coins will, again, instantaneously be transferred to your wallet.
There’s one thing we need to warn you about here. Although Dash is a much-improved version of any other crypto in terms of speed and convenience, transactions with it are, still, irreversible. Just like with other digital currencies, once the transaction has been sent, it cannot be reversed. But the case is even more complicated with Dash since due to the masternodes which make it untraceable, you really can never get your coins back if you enter one letter or number wrong when typing in the respective wallet addresses.
Country Restrictions and Other Limitations
If you’ve been reading this article from the beginning, you know that there are no geographical obstacles, no country restrictions for you to use it. The crypto is available literally all across the world and even offers a map of ATMs across the globe, where you can easily purchase your coins. Of course, there’s always the possibility of your country not allowing crypto transactions. Some countries have banned cryptocurrencies, so only if that’s the case with your country, you’d be impeded from using it.
Among the other limitations, we must mention the fact that considering the masternodes make the transactions untraceable, these transactions are final. You must keep in mind to triple-check the wallet addresses before you’re sending or receiving coins because if something goes wrong, the transaction can never be traced back.
We must also mention here the fact that its value continues fluctuating. It may not go under so many frequent fluctuations, but yet, its value is not stable. This is what happens with all cryptocurrencies, though, so you were probably prepared for such news.
Advantages and Disadvantages
Dash is a really incredible cryptocurrency, offering more perks than you can count. We’ll try to summarize them all, but if you explore all of the possibilities it can offer, you’ll see that there are so many more.
To start with, the most important advantage you get with it is really instant transactions. The average transaction speed is 1 to 2 seconds. This is far faster than with any other cryptocurrency. Secondly, thanks to the InstantSend and PrivateSend functionalities, and the masternodes, not only are these transactions instant, but they are also really untraceable, torn into pieces so that no actual trace remains of them after you confirm them.
Thirdly, this is the crypto that allows you to send and receive coins to and from anywhere across the world. You can mine, exchange and purchase coins online and even on ATMs all across the globe, therefore, it is incredibly convenient to use.
You can store your coins on many wallets, and use them for safe and seamless deposits and withdrawals across so many online casinos. Most, if not all, casinos that offer cryptocurrencies offer Dash, too. So, your choices are limitless.
However, just like with any other payment method, any other cryptocurrency for that matter, Dash comes with certain disadvantages. As explained in the previous section, transactions with it, although instant and untraceable, are also irreversible. Plus, its value continues fluctuating, so you can never know the worth of the coins you’ve stored.
Final Analysis
If you compare the pros and cons of Dash, you will see that the pros prevail. In fact, the only cons are those that apply to any other cryptocurrency, the irreversible transactions and the value fluctuations.
Other than that, though, compared to other existing cryptocurrencies, Dash is the real star. It offers unparalleled transaction speed, security, anonymity, and convenience. It puts you in control of your privacy and money, and it is super easy to be used.
Add to that the fact that it is available across so many online casinos, and you’ve got yourself the perfect crypto to use. In case you’re uncertain about a step you need to make, visiting its official website is all you need to do. The solution is completely transparent and intuitive to use, therefore, you should experience no problems with it.
It provides you with what you need as an online casino player: instant deposits and withdrawals, at no cost. Therefore, if you’re into crypto, and have been searching for the best digital currency to use across online casinos, make sure you give Dash a try, and you’ll see that you’ll absolutely love it. Especially because you can continue using it across so many other online platforms as your payment solution, and spend all those winnings you made anywhere you want. Have fun with it and enjoy it!
Dash Online Casinos
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