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DASH/SEK - Dash Swedish Krona

Synthetic
Currency in
SEK
639.35
+40.55(+6.77%)
Real-time Data
Day's Range
611.36655.12
52 wk Range
202.31681.16
Bid/Ask
639.24 / 639.46
Vol (24H)
352.04M
Market Cap
699.09M
Day's Range
611.36-655.12
52 wk Range
202.31-681.16
Max Supply
DASH18.90M
Circulating Supply
DASH12.06M
Rank
138
Technical
Strong Sell
Sell
Neutral
Buy
Strong Buy
Strong Sell
Daily
Weekly
Monthly
More
Type:Currency
Group:Minor
Base:Dash
Second:Swedish Krona
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FAQ

What Is Dash Coin?

Dash is is an open source, peer-to-peer cryptocurrency focused on providing fast, low-cost digital payments. Originally launched as 'XCoin' 2014 before changing its name to Darkcoin the following month. Finally, in March 2015, Darkcoin was rebranded as Dash. As a fork of Bitcoin, Dash offers improved transaction speeds and privacy features. Its standout feature, InstantSend, allows for near-instant transactions, while PrivateSend enhances user privacy by obscuring transaction details.

Dash uses a two-tier network, combining traditional miners and a system of masternodes. These masternodes help in governance, enabling features like InstantSend, PrivateSend, and staking rewards. Dash aims to be a more practical and scalable option for everyday transactions compared to Bitcoin.

Discover more about what crypto is and how it works in our Investing Academy.

How Are Dash Coins Created?

Dash coins are created through a process called crypto mining, similar to Bitcoin. Miners use computational power to solve complex mathematical problems, and when a block is successfully added to the blockchain, new Dash coins are generated as a reward.

Dash uses a Proof of Work (PoW) system, but what makes it unique is its two-tier network. Once coins are mined, the block rewards are split among miners, masternodes, and a treasury for funding network development. Masternodes help with governance and advanced features like InstantSend and PrivateSend, earning a portion of the rewards for their role in maintaining the network.

What’s the Difference Between Dash and Bitcoin?

The main differences between Dash and Bitcoin lie in transaction speed, privacy features, and governance structure.

Transaction Speed: Dash offers faster transactions through its InstantSend feature, allowing for near-instant payments. Bitcoin transactions, on the other hand, can take several minutes or longer to confirm, depending on network congestion.

Privacy: Dash has an optional privacy feature called PrivateSend, which obscures transaction details for users seeking enhanced privacy. Bitcoin transactions are fully transparent on the blockchain, meaning transaction details are visible to anyone.

Governance: Dash uses a two-tier network with masternodes that help manage governance, upgrades, and features like InstantSend and PrivateSend. Bitcoin’s governance relies on a more decentralised community of miners and developers without a formalised voting system.

These differences make Dash more suitable for fast, private transactions, while Bitcoin focuses on being a store of value and a decentralised digital currency.

How Can I Buy Dash?

To buy Dash, first choose a reputable cryptocurrency exchange, such as Binance, Kraken, or Coinbase, that supports Dash. Create an account on the platform and complete any required identity verification. Next, deposit funds into your account using methods like bank transfer, credit/debit card, or another cryptocurrency. Once your account is funded, search for Dash and place a buy order at the current market price, or set a custom price with a limit order. After purchasing, it’s recommended to transfer your Dash to a secure wallet, such as a software or hardware wallet, for enhanced security.

How to Choose a Dash Exchange?

When choosing a Dash exchange, consider factors such as security, fees, and reputation. Look for exchanges with strong security measures like two-factor authentication and cold storage for funds. Compare the fees for trading, deposits, and withdrawals, as these can vary between platforms. It’s also important to select an exchange with a solid reputation, verified user reviews, and a history of reliability.

Additionally, confirm that the exchange supports your preferred payment methods (such as bank transfer or credit card) and has good liquidity for smooth transactions. Popular options for buying Dash include Binance, Kraken, and Coinbase.
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Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
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