Online trading has given anyone who has a computer the ability to invest in finance. Online trading is, simply put, trading performed on the internet. Traders and investors buy and sell financial instruments via a web-based trading platform offered by a broker or a brokerage. It has become more and more accessible and it is introducing new techniques every day to secure the assets of online traders. Online traders are disposed to invest their assets with online trading mediums. Crypto currency is a digital asset, which has designed as a medium of exchange and used to conduct the financial transaction.
Dash refers to be the unit of crypto currency, which has the same features as Bitcoin and Litecoin. With a few additional features like instant transaction, decentralized governance system and, enhanced private transaction. This is the reason why Dash is current ranked 19th in the list of top 20 crypto-currencies.
HOW DASH CAME INTO BEING
In January 2014, a new crypto-currency was launched named Xcoin. To everyone’s surprise, after a few days of its launch, the name of Xcoin, was changed to Darkcoin. In the following year, the name, Darkcoin was also replaced with “Dash”, which was invented with the blend of digital cash. Since then, Dash has been accepted in the app stores and with its reputation as the number 19th crypto-currency, it is clear that traders are showing a great interest in dash trading. The demand and ranking of dash trading is growing every day, it is increasing in value quickly, so it is important to pay attention to the newly developed currency.
The main aim is to create such kind of currency to reduce the need for those who were completely dependent on banks for their money transactions. Instant transaction time makes Dash the preferred payment method.
Dash is a modern crypto-currency, which holds the simplicity of trading. If you want to witness the origins of a new financial system then it is best to invest now. Dash trading is gaining the momentum and attraction of traders; it is the leading currency in crypto market. It is necessary for the traders to know the first steps of Dash trading, and EZDSK is one of the best brokerages, which can help traders to learn about it.
1. Finding an exchange
The first step for Dash trading is to find an exchange, where you can open up an account and buy dash. When you buy Dash on a crypto currency exchange, you trade directly with other traders, without the fear of getting your personal information exposed. Crypto-currency exchange process can be hard and confusing for the beginners but once the investors have gained experience, they come to understand that these exchanges offer the most advanced trading features that are tailored towards the needs of professional traders. EZDSK is the right platform for the traders where they can trade in Dash by simply registering an account. In order to open an account on EZDSK, you have to submit some of your basic informations as well as your preferred payment method.
2. Types of wallets
DASH - HARDWARE WALLET
A crypto wallet is a tool that you can use to interact with a block chain network. Dash wallet is an app or a hardware device where you can store your Dash coins, which is usually the safer option to manage your wallet yourself - even though it requires some learning. These wallets can generate the necessary information to send and receive crypto-currency via block-chain transactions. Such information consists of one or more pairs of public and private keys. Similar to Bitcoin, there are different kinds of Dash wallets that have been listed below:
DASH - DESKTOP WALLET
For large amounts of Dash coins, it is preferable to use a hardware wallet. A hardware wallet is one of the safest methods to store your crypto-currencies. When using a hardware wallet, the access to your coins is encrypted by the device. When using an online wallet, the access to your wallet is stored online so if the website gets hacked, there is a risk you will lose your coins. That risk is not there when you use a hardware wallet, since it uses offline storage. Hardware wallets are secured with an extra pin, so if you end up losing your hardware wallet and someone finds its, even then they would be unable to extract any information as they won’t have the PIN available to do so.
DASH - MOBILE WALLET
A desktop wallet is a software you download on your computer that gives you full control over your keys and funds; they offer a good combination of security and convenience. When you generate a new desktop wallet, you should encrypt it with a personal password. If you encrypt your desktop wallet, you will be required to provide your password every time you run the software so that it can read the wallet. In general, desktop wallets are safer than most of the web versions.
Mobile Wallet is a special kind of a virtual wallet, which collects the data about the payments with the help of electronic devices. Mobile wallets function much like their desktop counterparts but are designed specifically as smartphone applications. Having such wallet is an advantageous way for a person to make in-store and online payments, given that the particular shop supports such payment methods. The digital wallet is becoming more popular now because it provides protection along with convenience while making online transactions.
There are some other Dash wallets that are being used in dash trading such as web wallets, software wallets etc. Each wallet type has its advantages and disadvantages, so it is crucial to understand how they work before moving your funds.
3. Secure your coins
Once you finish buying, never forget to move your coins into your personal wallet. Never leave your coin in any exchange or else they can be lost or stolen.
IS DASH BETTER THAN BITCOIN?
Crypto currency has become the new face of e-currency nowadays. People are investing more and more in these cryptos as they are more secure and give better returns in the long term as compared to paper currency. Bitcoin was introduced in 2009 as the very first crypto-currency. It is the biggest and the most credible crypto-currency in the world at present. As compared to Bitcoin, Dash launched in 2013 to overcome the flaws that Bitcoin had. Afterwards, Dash became one of the top currencies in the world. It detached important issues in Bitcoin like the slow speed of the transaction. Both the crypto currencies function and maintain themselves differently. However, in the end, they are credible crypto-currencies.
Dash works on an advanced version of blockchain that runs with a self-governing and self-funding organization. Bitcoin lacks a coherent governance mechanism that would allow to protocoling changes to be easily agreed to and implemented. The blockchain data validation is managed by the low end-nodes on a voluntary basis, and there is no financial incentive to upgrade to the latest hardware and software.
LACK OF PRIVACY
Bitcoin also has the lack of privacy. When an individual completes a transaction through Bitcoin, it is visible to the entire bitcoin community but the amount and identity remain hidden under codes. Data mining companies are becoming uncomfortably good at identifying the source of Bitcoin transactions. On the other hand, Dash works on a Privacy protected policy that shows the transaction history to limited people and as a result, Dash is considered to be more secure as compared to Bitcoin.
TRANSACTION COST AND SPEED
When you buy a crypto currency, it is quite evident that you may transact it in the future. Usually, a transaction takes up to 10 minutes through Bitcoin. However, Dash worked on this issue and has a much better transaction period. Additionally, it takes only a few seconds to process a transaction via Dash, while it takes around 10-15 minutes for a Bitcoin transaction to be executed.
In Bitcoin, each system is connected to the blockchain known as a node. All the nodes have equal authority, and have the highest power in the blockchain. Unlike Bitcoin, Dash introduced Masternodes to incentivize users with payments to secure the network and add cool transactional features like InstantSend.
Bitcoin gives a long string username, which is hard to remember and type. However, Dash gives each account an easy username.
There are many crypto currencies in the world today, and all of them are working with different features and ways. Despite its features, Dash is still catching up to ruling champion cryptos such as Bitcoin’s 5-year head-start. Dash ranks behind Bitcoin as the sixth biggest currency in terms of total market capitalization. Even though Dash has features that can be said to be improvements on Bitcoin’s flaws. However, Dash is still having trouble to attract creators to work on the blockchain aftermarket substructure similar to sale apps and creative wallets for users.
EZDSK, A BEST CHOICE FOR DASH TRADERS
Exchanges facilitate trading between their users at market places, much like a stock exchange. EZDSK is the best platform for your trading. Traders search for safe and reliable trading programs for dash trading and EZDSK fulfil their wishes by providing them a great service.
From our easy to use system, we are always available to serve our users all the times. We offer our services 24/7 worldwide. Users can observe price oscillation at any time on any place. The whole process of registration is completely automatic and when user is registered, he/she has no need to sign any other contract or would not have to submit any additional information. Users can place orders in seconds. EZDSK is fast and reliable in its services.
EZDSK cares for its user and works on the term; “safety is the best policy”. Security is an essential aspect for every provider to its users. All the informations kept very much confidential for the safety of EZDSK users. If there comes any problem with the server users are being informed. Each wallet is unique and it is our top priority to keep the coins safe by the hackers.
Most of the times, traders are asked to deposit huge amounts at the initial stages. Hidden fees are also charged by the trading platforms. Unlike others, EZDSK does not require any initial deposits. They work for the people and their aim is to serve their users without any greed. We admire our users and leave it up to them that how much deposit they want.
EZDSK provides instant transaction in just few seconds. If the user does not have access to the computer, it cannot stop them from serving their customers with quick and easy services. Transaction in a blink is our quality.
FUTURE OF DASH TRADING
Future of Dash trading is very bright, the digital currency DASH has begun to climb. The launch of DASH evolution has made a huge difference, which is a mobile app designed to be user-friendly and has a scalable digital currency platform, perfectly suitable for mass adoption. One thing is certain that DASH has and will be one of the best in its potential to succeed. Dash’s value has grown significantly since its launch date. Crypto currencies that truly deliver value will not vanish, they will continue to grow – and Dash has the potential to stay within "survivors" team.
Dash trading is exploring the new heights and gaining the attention of the traders. Dash is considered to be the next generation crypto-currency as it may be superior to Bitcoin in many ways, especially when it comes to the scalability and privacy of transactions. If you do want to start day trading with Dash, you will need to stay up to date with the latest news and have a secure online or offline wallet to hold your crypto currency coins. As compared to other crypto currencies, Dash is instant and easy way of trading as well as the best way to save your assets. It is more reliable and transparent for the beginners. If you are a beginner in Dash trading, you can take assistance in EZDSK. It is the platform where you can trade easily with the help of automatic system.