Everyone knows Bitcoin, but have you heard about DASH? You can find this advanced currency in the top 10 cryptocurrencies list. With cheap services and worldwide acceptance, DASH is used by businesses and individuals alike.
DASH intends to be as liquid as cash and has its own framework, community, DASH wallets, and blockchain. Dash was originally built on bitcoins core code and was made to be faster, and more private than BTC.
Ethereum vs DASH
In some ways, DASH is similar to Bitcoin, Ethereum, and other cryptocurrencies. It’s an open-source, decentralised peer to peer system that allows people to send electronic tokens. However, dash sets itself apart from the crowd with its ‘Private Send’ function. By mixing a group of transactions together, DASH makes it very difficult to distinguish each particular transaction. Using a service called CoinJoin to muddle these transactions, DASH enables its users to make totally private transactions up to 1000 DASH.
DASH crypto faucets
If you’re looking for a way to get DASH for free, there are crypto faucets available to receive some free coins. Moon DASH has a lot of ads, pop-ups, and redirects, and pays out every 5 minutes. The only requirement? Keep the moon DASH page open, without an ad blocker, and collect your free coins every 5 minutes!
Why should you use a wallet?
If you’re going to buy and sell DASH, you’ll need to store it away from exchange to avoid losing it. That’s why DASH wallets are so important. And lucky for you there are many options at your fingertips.
It’s important to look at the benefits and drawbacks of each wallet, ensuring you take your circumstances into consideration. For example, if you’re looking to keep a large amount of DASH for a long time, you’ll want to start looking at hardware wallets, whereas those with small amounts for a shorter span would be more interested in mobile wallets.
Now that you know a little about DASH, you might want to start trading it, and for that, you’ll need a reliable DASH wallet. Using your DASH wallet and good exchange, you can change your currencies for the dash, e.g. USD for DSH or vice versa. Here are some of the best on the market.
Jaxx (for mobile and desktop)
This wallet is perfect if you want to trade multiple currencies from the same wallet. Created by Canadian company Decentral, Jaxx is an HD wallet supporting 14 different cryptocurrencies. Jaxx puts an emphasis on privacy and security, giving its users control of their own private keys, allowing them to import or export keys as needed.
Unfortunately, Jaxx does not allow private/instant send transactions.
Jaxx is working on an exciting new hardware wallet that should be available in the upcoming months. But for now, you can get it on the desktop, or mobile.
If you’re looking for the most secure wallet for storing your DASH coins, the DASH wallet is the one to beat. Developed with the purpose of receiving, storing, and sending DASH in particular this wallet is the best for trading your DASH coins.
You can even do offline transactions with Bluetooth using your dash wallet. Although the DASH wallet is an HD wallet, it limits the control of your private keys by not allowing you to export them out of your wallet as you could with Jaxx, for example.
DASH wallet is also the only one on this list that will allow you to make instant send transactions, however, private send is still not supported.
Exodus, created in 2015, was the world’s first HD multi-cryptocurrency wallet, and it’s totally free! With one of the nicest UIs in crypto, it presents your coin portfolio in a clear and easy to trackway.
Exodus doesn’t require registration or ID, which makes it extra important to take care of your seed key.
As a multi-cryptocurrency platform, exodus carries over 100 different number of currencies. And with multiple new exchange partners, using exodus to trade is more reliable and faster. And, since privacy is a number one priority for the exodus, no personal information is stored, not even your email if you choose to provide it.
Again, no instant/private send transactions for DASH are available with Exodus. Unfortunately, this wallet isn’t for mobile, but you can get it on Mac, Windows, or Linux.
Coinomi, unlike the previous two wallets, is a mobile-only wallet. Also, multi-coin, this wallet carries over 200 different tokens and 70 different cryptocurrencies.
With the option to control your private keys with seed keys, Coinomi follows the blueprint of any good, secure wallet. However, they have run into their fair share of problems and after a fraudulent copy of their code was produced, they switched from open to closed-source.
Coinomi doesn’t currently allow private/instant send transactions and is only available on android.
Before you get your own DASH wallet, it’s important to take a few factors into account. Mobile wallets might be more suitable for people looking to use DASH as electronic cash, often and for small transactions. However, anyone wanting to buy large quantities of DASH will be more security-focused.