What is Dash? Dash is one of the many digital currencies, so it is only expected that the interactive gambling industry wouldn’t be too far behind in implementing it. Dash casinos are growing in popularity nowadays, and it is mostly due to the advantageous and easy-to-use character of the currency. Dash is a digital currency   invented on the basis of Bitcoin, using a public ledger technology known as blockchain to perform and record transactions. It was released by founder Evan Duffield on...
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What is Dash?

Dash is one of the many digital currencies, so it is only expected that the interactive gambling industry wouldn’t be too far behind in implementing it. Dash casinos are growing in popularity nowadays, and it is mostly due to the advantageous and easy-to-use character of the currency.

Dash

Dash is a digital currency invented on the basis of Bitcoin, using a public ledger technology known as blockchain to perform and record transactions. It was released by founder Evan Duffield on January 18, 2014, and has since been growing in value and application.

Even though

…it was invented based on the Bitcoin example, Dash has taken things one step further. In its foundation, the currency uses blockchain technology where each transaction is distinguished using a unique signature, so that no one can use the same funds twice. What takes things to the next level is the use of masternodes. These are a unique feature of the entire network and have yet to be implemented elsewhere. Their function is to provide a second layer of support when making Dash available to all parties included, and additionally functioning to boost the network’s governance, storage and sending functionalities among other things.

Dash How to use

How to Get Dash?

Like any other currency crypto or fiat, this digital token is most easily obtained at exchanges. Nowadays, there are a range of exchanges that would be willing to accept other crypto coins or fiat money in exchange for Dash. Brokers are also available, and while they may be slightly more costly option, they do offer the possibility of getting the currency in larger quantities for a fixed rate. 

Either way

…before you close the deal with either of these parties and get your Dash coins, you need to get a wallet for storage. Considering the unique nature of the digital currency, their official site has listed the options interested individuals have in this regard. They are rather varied and aim to fit all types of preferences – desktop wallets, mobile wallets, hardware and paper wallet options alike, as well as web wallets and text (SMS) wallets.

Each of these types of wallets includes a range of brands with different features, the most notable including multicurrency, InstantSend, PrivateSend, integrated exchange, added encryption and so on.

Once you choose and set up your wallet depending on the specific type, all that’s left is to purchase some Dash coins and send them to your address. Bear in mind that the official site additionally includes a global map of ATMs where people can also buy and sell Dash, so you choose the most convenient option according to your needs.

Dash banking

Dash Online Casinos

Online casinos are a continuously growing industry, which is why they constantly have the potential for more innovations to be added to the services. One of the best ways to advance the quality of the service provided at these platforms is by improving banking options, which is why Dash managed to catch on pretty quickly.

Players at online casinos accepting digital currencies for deposits and withdrawals...

…among which is Dash, should be able to make instant transactions using nothing but their public wallet address. All it takes is to register at the chosen casino site, access the banking page and choose Dash as your preferred currency. Afterwards, simply access your wallet, specify the amount you would like to transfer to the casino, as well as their wallet address and see the coins reach their destination in 1 to 2 seconds time.

Considering the fact that digital money are getting all the more popularity and use frequency, game variety at such casinos is bound to be at least standard, if not excellent. There are casinos out there that can match players’ preferences, so just make sure to make the right choice.

Features

Even though Dash has a lot of features worth discussing, for anyone looking to get into online gambling using this cryptocurrencies, transactions are of the essence. While some may alternatively use Dash to store value, and others could only use it as a means of exchange, these players are looking to make the most out of their online gambling experience, and these Dash features help them achieve this goal.

InstantSend is one such feature, since it literally allows transaction confirmation in 1-2 seconds time, making funds available practically momentarily after confirming the transfer. This is so thanks to the masternode network – instead of waiting for the transaction to get verified as in the traditional blockchain practice, the masternodes validate the funds and the transfer is sealed so as to prohibit any double-use of the same funds.

PrivateSend is another feature worth looking into – it ensures the transaction is untraceable, or more exactly, even more untraceable than usually, when the funds would openly portray your wallet address as their last storage or destination. It basically breaks up each Dash coin, mixes it up, and allows each mixed batch to be validated by a different masternode, completely eliminating all traces.

Pros

  • Decentralization – the currency is completely independent and not run by a specific authority, which allows users to transact with minimum fees and maximum security.
  • Speed – due to the specifics of the currency, transactions are performed in one to two seconds, so players don’t lose any time waiting to get to their favorite games.
  • Security – digital currencies and their blockchain technology are a synonym of security on their own, and with the added features of PrivateSend thanks to the masternode network, Dash allows optimal safety and protection of all funds and information. The mnemonic seed is an additional layer of security provided.
  • Irreversibility – once made, all transactions are verified in 1-2 seconds as specified above, and cannot be reversed, i.e. the funds cannot be reused for other payments as well.

Cons 

  • Volatility – as a relatively new cryptocurrency, Dash is as subject to the changes in supply and demand as any other, so you should expect its value to fluctuate depending on the market.
  • Availability – the official site already lists a healthy range of merchant options where Dash holders can spend their digital money, but there is still a scarcity in comparison to other crypto tokens, such as Bitcoin.
     

Helpful Links

Link to terms & conditions https://www.dash.org/

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FAQs

What is the value of Dash?

Dash is currently standing at a value of $50, although this varies depending on the exchange platform. Hence, it is best to check the momentary value whenever you are looking to buy or sell Dash coins.

How does it get its value?

Like any currency, Dash gets its value out of the current market situation – how many people are interested in it, and how much supply there is.

What is a mnemonic seed?

A mnemonic seed is defined as a set of 12 or 24 words that are the cryptographic key to your Dash coins. It can help you retrieve any lost or stolen funds on other devices but needs to be kept just as secure from falling into the wrong hands.

How can I use my Dash coins?

You can use Dash coins to perform cheap and fast transactions, to make online purchases, to store value (especially useful in countries battling inflation), or to make wagers at respective sites, i.e. provide payment for specific services.

In which countries can I use this digital currency?

There aren’t any geographic obstacles to using this digital currency all over the globe. However, interested individuals will need to take the specific legal regulative into consideration, depending on the jurisdiction where they are residing at the moment.

Where are Dash online casinos usually licensed?

Like most crypto casinos, these operators will most likely obtain their licenses at less rigorous jurisdictions, including Curacao and Costa Rica, among others.

What types of games do these casinos feature in their library?

These casinos normally feature the full suite of games regularly available at online casino sites. Players should more than expect to get slots and jackpot titles, as well as all the top table games at their disposal, although live dealer action is bound to be harder to come by.

What are some of the most popular exchanges for obtaining Dash?

Some of the most popular exchange platforms for Dash include Coinbase, Bibox, BitAsset, Cointrade, DigiFinex, Kraken, PandaExchange, Changelly and more.

Which are the mobile wallet options available for Dash users?

Mobile wallet users will be happy to know that they have quite a bit of options for Android and iOS devices both. These include Dash Android and Dash iOS, Edge, Coinomi, Jaxx, Abra and more.

How many transactions with this digital currency are performed per day?

According to the latest records on the Dash official website, by the end of Q3 of 2019, people were making an average of 18,700+ transactions per day.

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