Buy Dash in India – Is it Possible? In short: yes! Dash is another peer-to-peer cryptocurrency that first appeared in 2014. The focus of this cryptocurrency is not on speed and anonymity, but on collective utility. What does dash mean? The term is derived from the word digital cash and translates to mean digital cash. At first, the cryptocurrency was known as Darkcoin, in 2015, it was renamed. Meanwhile, there are over 7.5 million Dash in circulation. How to buy Dash in India? This question is clarified in the guide.
Who is behind the dash?
Evan Duffield is the mastermind behind the cryptocurrency. Other developers ensure that the development of the currency continues. Furthermore, there is a community that can actively influence the strategic direction of the cryptocurrency. This is just one parameter that differentiates Dash from other cryptocurrencies. What’s so exciting about buying the dash in India? The innovative cryptocurrency has several cool features. These include transparency and utility. Decentralized and fast development is ensured by the Masternodes voting system. Another advantage of Dash is the rapid market development. There are now some dealers that allow Dash as a means of payment. Although the numbers pale in comparison to bitcoin, growth since 2014 can be seen: since then, Dash has gained over 7100 percent!
Buy Dash in India – Possibilities
There are many options for who wants to buy Dash in India. One of these is CFD brokers. Investors can invest in cryptocurrency here but do not physically acquire it. Only one position will be opened on the display of the dash. The advantage of a CFD broker is obvious: thanks to leverage, large amounts of money can be transferred even with small capital investments. As a result, the return opportunities are high, but so are the risks of loss. CFD positions are suitable for investors who prefer short term investments. If you want to trade cryptocurrency with less risk and longer term, you can bet on marketplaces or stock exchanges. Marketplaces are structurally similar to the Internet platform eBay. Bids are made to buy or sell. Other marketplace users can view and accept these bids. Further processing takes place through the market. As an alternative to marketplaces, DASH can be traded on stock exchanges. The process is slightly different from marketplaces:
- The order is set with the investment amount.
- Börse automatically searches for matching counterparts.
- The execution of transactions takes place automatically through the stock exchange.
Settlement on the stock exchange is much more comfortable for investors, as they do not need to do their own research. Stock exchanges charge slightly higher fees than marketplaces. Currency units are also administered electronically through the Wallet. It is comparable with a checking account. Dash currency units are stored here, but can also be transferred.
Buying Dash With A CFD Broker: This Is How It Works
If you want to invest in Dash with a broker, you can do so in the form of CFDs. Currency units are not acquired directly, rather their performance is gauged. However, investors can participate in not only a positive but also a negative share price. Condition: The correct Call or Put option has been opened. How to find a CFD broker to buy Dash in India and is there a “Buy Dash” guide? Here’s a practical example:
- Firstly, an investment amount is set by the trader. In this example, it is 500 Euros.
- Now the trader selects the desired lever. The capital is multiplied by this. In this case the leverage is 1:10. It will not be 500 euros, but a total of 5,000 euros invested in Dash.
- CFDs are usually sold after a short period of time (often a few hours). In this example, the price increases by 10 percent. This results in the following bill: 5,000 Euros x 10 percent = 500 Euros. If the trader had bought the cryptocurrency DASH directly and without leverage, there would have been a profit of only 50 euros. Lever gives him 100 percent profit.
Important: Trading in CFDs is one of the riskiest financial derivatives. Leverage can bring particularly high profits, but can also bring in high losses. If you are new to CFD trading with Dash, you should first practice with a brokerage demo account.
CFD broker or direct purchase – what is better?
Direct buy or CFD broker? This question cannot be answered so simply. Who wants to buy Dash in India should choose according to different decision criteria:
- Returns: If you want opportunities for higher returns, you should use a CFD broker. Due to leverage, a large amount of capital is already being transferred here with a small equity stake. On the other hand, those who count on solid and long-term returns are advised to buy outright.
- Risks: Trading with a CFD broker and direct trading are equally risky. The reason for this is the unstable performance of the dash. Leveraged CFDs expose the broker to even greater risk. Those who still want to use them should work only with capital that is available to him from liquid funds and not required to fight for life.
Capital Investment: Capital investment can be flexibly chosen for both the options. A CFD broker has the advantage that investors can move large amounts of capital with a low capital investment. The reason for this is the liver. - Timing: Those who like it very flexible and prefer short maturity are in good hands with a CFD broker. Most posts are only held for a few hours. If you buy DASH directly, you can save your currency units for as long as you want at no extra cost.
- Flexibility: Investors are flexible when they are able to focus on value growth in the short term. CFD brokers. Of course, Dash can also be purchased directly. Disadvantages here: Investors make profit only when the price trend is positive.
Buy Dash in India – As Attractive as Other Cryptocurrencies?
By now, Bitcoin in particular is on everyone’s lips, as this cryptocurrency has kept in recent months, a rapid price development. Does Dash also have such capability? After being introduced in 2014, the syllabus evolved with ups and downs. Since the start of 2017, however, there was one clear course direction: the steep climb. The awareness level about cryptocurrencies increased and thus the willingness to buy. What speaks for a plant? It’s great if you look at the numbers for cryptocurrencies over the past months. Almost all the currency units posted a handsome price rise. Nevertheless, it should not be incontrovertible that volatile prices are developments. Within a short period of time, the price can drop by as much as 30 percent. Anyone who has opened CFD positions can be adversely affected. Due to leverage and loss of value, there are high losses then. However, those who have their Dash saved in a wallet are not directly affected by the volatile price developments. You can also buy Dash in Austria and profit from the price developments.
What are the payment methods available to buy Dash in India?
If you decide to buy Dash in India, you will need to make a capital investment. With a CFD or a crypto broker, the trading account can be funded, for example, through various reputable payment service providers. These include credit cards (VISA or MasterCard), electronic wallets (PayPal, Skrill or NETELLER) as well as classic bank transfers and Sofortüberweisung. Other options are Paysafe and Paysafecard. Marketplaces and stock exchanges also offer such financial service providers to choose from.
Buy Dash in India – How Safe is it?
Since buying cash in India usually involves a lot of capital, security should be a top priority. It is important not only that all data is encrypted, but also how secure the provider is. There are several quality characteristics that reflect the integrity of a CFD broker, stock exchange or marketplace.
- Deposit Guarantee: CFD brokers must ensure deposit guarantee. Most of them are members of the State Deposit Guarantee Fund. Investors’ funds are protected up to an amount of 20,000 Euros in case of broker bankruptcy. Another sign of seriousness is the separate custody of the brokerage’s assets and client funds.
- Headquarters: Many reputable providers are located within the European Union. More information can be found in the respective platform’s imprint. If an imprint is missing, this is the first sign of a questionable provider.
- Regulation: Financial service providers are subject to nearly identical regulations within the European Union. Their monitoring is carried out by the supervisory authorities of the respective country. Noted, for example, the British FCA, the German BaFin and the Cypriot Sysk.
These are just three criteria by which a reputable provider can be identified. Merchants should also make a first impression: What is the provider’s page design? How is the platform structured? It is often possible to judge a broker, stock market or marketplace based on the first picture.
Conclusion: It is possible to buy Dash in different ways in India
If you are looking to buy the cryptocurrency Dash, you have several options in India. On the one hand, there are CFD brokers where the price development of a cryptocurrency is determined. Currency units can be bought physically on the stock exchange or in the market. These investments are suitable for those who count on relatively safe and long-term growth. But if you want to take on a bit more risk and move more capital, you are advised to work with a CFD broker.