Dash Trading

Please note that crypto trading is available only to UK Professional Traders

What is Dash

Dash is considered the next generation digital currency. Traded and transferred by an open source platform, from peer to peer, it reduces the need for people being totally dependent on banks to transfer funds. Transfers are controlled and authenticated by a distributed network. It has the same features as Bitcoin or Litecoin with a few additional features such as instant transactions, enhanced private transactions, and a decentralized governance system.

Why Trade Crypto CFDs With AvaTrade UK?

• Uncompromised Safety – With six regulatory authorities and segregated accounts, your money is protected at all times.
• Many Cryptos to Choose From – Trade on the wide variety of cryptos, including the crypto 10 index, available on our trading platforms.
• Crypto Never Goes to Sleep – AvaTrade UK is one of the few brokers offer around-the-clock service and support in 14 languages.
• Generous Leverage – Increase your initial capital with generous leverage and get far more exposure to trade than your account balance. Up to 2:1 (for EU residents) 25:1 (for non-EU residents).
• Limit Your Risk – You can preset profit and loss levels by using stop losses or take profit limits when you trade. Determine the maximum amount you are prepared to risk when speculating on the price, or set a price at which you want to take profits. Future orders like Buy Stops and Buy Limits are also available.
• Trade Cryptos Against Fiat Currencies – Unlike many exchanges out there, who are restricting their clients to trade only Crypto to Crypto, our clients can trade Cryptos against Fiat currencies (USD, EUR, JPY etc.), as well.

Why do People Choose Dash?

1. Dash keeps a person’s transactions and balances very private with its enhanced security measures.
2. Dash has an innovative technology which gives users the ability to send money instantly and irreversible within four seconds
3. Its global, anyone can send money anywhere for the same fees and with the same speed, there are no variation
4. Its inexpensive to use, most transactions cost only a few cents which is much cheaper than other services

Effects of the Dash Price

The Dash coin price has been rising in early 2017 lately and part of the reason is the plan to upgrade the user experience. More investments with the programme could potentially drive the price higher. Dash is not accepted by many retailers yet, but a good number of independent businesses do accept it.

Dash – Nice to Know Facts!

• The masternodes are effectively the middle man in the Dash network. These are miners that purchase 1000+ more of Dash.
• The Dash blockchain is a public blockchain, like other digital currencies. Users can send small amounts of Dash to multiple masternodes, and they will reciprocate by sending different coins. This allows the trace to be lost.
• The Darksend System is what separates Dash from other blockchain networks. Since all transactions are totally untraceable, Dash is preferred as the best way to anonymously send funds from A to B.

By Q3 2020, Dash was available at 4800+ merchants, 260+ exchanges and brokers, and it processed transactions in just 1 second. With a daily Active Address count of 85,300+, and an average of 20,103+ transactions per day, Dash is a popular digital currency option for transactions exchange. Dash enjoys growing utility value, at thousands of retailers and service providers around the world.

It is possible for professional traders to buy and sell Dash CFDs at AvaTrade UK. These transactions are designed to trade price movements of the underlying asset, without actually purchasing Dash coins. Contracts for Difference are derivatives trading instruments which can be traded at a maximum accumulated position size of $10,000, as per the conditions and charges page.

Dash Trading FAQ

• Is Dash a good cryptocurrency for traders?

  Like all cryptocurrencies Dash is quite volatile, making it a good choice for traders who are willing to accept the volatility and risk that comes along with cryptocurrency trading. Trading Dash at AvaTrade via our CFD products is an even better choice since you won’t be adding to the risk by holding the actual cryptocurrency and risking hackers stealing it from your wallet. In addition, when you trade Dash CFDs at AvaTrade you can take advantage of up to 1:20 leverage, giving you even greater profit potential. When you consider that a cryptocurrency like Dash could change price by as much as 10% and then add leverage on top of this you can see how much potential there is for an astute trader.

   
• Can you still make money trading Dash cryptocurrency?

  The early days of the cryptocurrency boom, where prices rocketed higher by thousands of percent, are gone. That doesn’t mean you can’t still make money trading Dash. In fact, Dash and other cryptocurrencies are one of the best trading vehicles available. They have quite volatile, changing price rapidly, giving traders the chance to pick up several percentage points of potential profits on most days. The market for Dash also runs 24 hours a day, 7 days a week so you can always trade Dash. If you trade on Dash CFDs at AvaTrade you can also add leverage to the mix, increasing your profit potential even further.

   
• Is Dash still a good investment?

  We’ve already mentioned that Dash is good for traders, but is it good for investors, who tend to hold their cryptocurrency for longer periods of time? Dash has become somewhat irrelevant and had a pretty bad 2019 and 2020. If you were able to buy at the bottom of these years as an investor you could have made money, but that’s primarily because the 2020 rally in Bitcoin helped to lift the entire universe of cryptocurrency prices, including Dash. So, you might not want to invest in Dash, but we can still recommend it as a good cryptocurrency for trading.

   

Please note that crypto trading is available only to UK Professional Traders