This guide describes how to buy Dash

What is Dash?

Dash (formerly known as Darkcoin and XCoin) is an open source peer-to-peer cryptocurrency. On top of Bitcoin's feature set, it currently offers instant transactions (InstantSend), private transactions (PrivateSend) and operates a self-governing and self-funding model that enables the Dash network to pay individuals and businesses to perform work that adds value to the network. Dash's decentralized governance and budgeting system makes it a decentralized autonomous organization (DAO) Dash is the first decentralized autonomous organization powered by a Sybil proof decentralized governance and funding system. Decentralized Governance by Blockchain (DGBB), often referred to simply as the "treasury system" is a means of coming to consensus on proposed network changes and funding development of the Dash ecosystem. Ten percent of the block rewards go to this "treasury" in order to pay for projects that benefit Dash. Funding from the treasury system has been used to hire additional developers and other employees, to fund attendance at conferences, and to fund integrations with major exchanges and API providers.

Each masternode operator receives one vote. Proposals are eligible for funding according to the following formula: (YES VOTES - NO VOTES) > (TOTAL NUMBER OF MASTERNODES * 0.1). If there are more proposals that meet that criterion than there are budget funds for the month, then the proposals with the highest number of net votes will be paid. Community interaction with proposal submitters is done through the dash.org forums, or through community-driven websites, like DashCentral. These websites allow proposal submitters to provide multiple drafts, then lobby for community support before finally submitting their project to the network for a vote. After the submitter has enough support, the network will automatically pay out the required funds in the next super block, which happens monthly.

Where to buy Dash

What is the easiest and safest way to buy Dash? Where to purchase the cryptocurrency Dash with US dollars and other fiat currencies? How to buy Dash with credit card? Where to hold Dash? Get the answers here.

The following guide describes how to buy Dash:

Buying Dash directly in fiat currency is a little difficult. But you can exchange your other altcoins, such as Bitcoin, Litecoin, or ETH for Dash altcoins.

If you do NOT already own Bitcoin or Litecoins:

A step-by-step guide to buying Dash.

1. Open an account with Coinbase or another cryptoexchange. Follow this link and sign up and buy or sell USD 100 of bitcoin or more and earn  USD 10 of free bitcoin.

2. Buy Bitcoin (BTC) or Litecoin (LTC)

3. Open an account with CoinSpot

4. Send some of your Bitcoin (BTC) or Litecoin (LTC) into CoinSpot. You can find the adress of your wallet in Coinspot by opening the wallet under the menu "Wallets"

5. Log in to CoinSpot. Go to the 'Sell' page and select either BTC, LTC (Depending on what coin you sent in)

6. Where it asks 'What you would like to sell it for?' You need to open the drop down box and click on the coin you want to sell it for i.e. Dash

7. Now you have some Dash

Note: Coinspot targets customers in Australia. But if you are not in Australia, you are still able to use CoinSpot  to trade on. You can send in BTC & LTC and sell these coins or trade for other coins on CoinSpot. You can also send the coins out of Coinspot. It is only if you wish to withdraw or deposit AUD funds from your account, you will be required to have your account verified.

If you already own Bitcoin or Litecoin:

A step-by-step guide to buying Dash with Bitcoin or Litecoin.

1. Open an account with CoinSpot

2. Send some of your Bitcoin (BTC) or Litecoin (LTC) into CoinSpot. You can find the adress of your wallet in Coinspot by opening the wallet under the menu "Wallets"

3. Log in to CoinSpot. Go to the 'Sell' page and select either BTC, LTC (Depending on what coin you sent in)

4. Where it asks 'What you would like to sell it for?' You need to open the drop down box and click on the coin you want to sell it for i.e. Dash

5. Now you have some Dash

Note: Coinspot targets customers in Australia. But if you are not in Australia, you are still able to use CoinSpot  to trade on. You can send in BTC & LTC and sell these coins or trade for other coins on CoinSpot. You can also send the coins out of Coinspot. It is only if you wish to withdraw or deposit AUD funds from your account, you will be required to have your account verified.

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