Frequently asked questions
Dash is a digital currency. It's name is short for "digital cash". Dash aims to become a currency for daily purchases, with low-fee and instant transactions.
Like all digital currencies, Dash is traded on crypto exchanges 24 hours a day, 7 days a week. The exchanges define the price based on supply and demand, i.e. based on the interest from buyers and sellers. If there are more people willing to buy than sell, the price will rise.
That said, supply and demand is strongly dependent on other factors, such as increasing global adoption of digital currencies, the broader crypto markets, and technological advancements.
Being a comparably established digital currency, you can buy Dash on most crypto exchanges.
A crypto exchange (or cryptocurrency exchange) is a marketplace where buyers and sellers trade cryptocurrencies. Just like regular stock exchanges, a cryptocurrency exchange serves as a middleman who sets the market price at which an equal number of buyers and sellers can be found.
Is now a good time to buy Dash? Frankly, we don’t know.
But there are several strategies when it comes to crypto investing. One approach is to buy in when price slips. In the crypto community this strategy is known as "buying the dip" (BTD).
Another strategy is dollar-cost averaging: investing a certain amount of money on a set schedule, say $100 every Monday morning. Dollar-cost averaging seeks to average out the lows and highs over time.
No matter which strategy you choose, Cryptoradar’s price alerts help you to not miss a dip, and adhere to your investment schedule.
There are risks associated with any investment. Crypto markets are particularly volatile, with large upswings and downswings. Only invest as much as you can afford to lose.
When it comes to choosing a crypto exchange, there are also a couple of thinks to be wary of.
Before you can start trading, a crypto exchange will ask you to verify your identity. This is necessary because of anti-money-laundering laws. The verification process and time can differ significantly and take anywhere from minutes to weeks.
All crypto exchanges charge a fee or a spread to finance their operations. Fees can differ significantly among exchanges, so make sure to get a good deal.
Additionally, make sure that your preferred crypto exchange supports the payment methods of your choice, but be aware of any additional payment fees that may apply.
Last but not least, if you’re new to crypto, make sure that your chosen platform is easy to use and has good customer support. This helps you avoid making costly mistakes.
Getting started with crypto can be hard. Our detailed price comparisons and cryptocurrency guides have you covered.