Full Instructions on How to Buy Dash Coin in the UK
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Many people want to purchase cryptocurrencies for different reasons. Some of them are an investment and an opportunity to make payments conveniently. Dash Coin is one of the options that people can consider. If you live in the UK, you can purchase this cryptocurrency on various platforms. You may find it helpful to go through a detailed guide on how you can do this. Everything that you need to know on how to buy Dash coin is provided in this article.
What Is Dash and Why Should You Buy Dash with GPB?
Dash is a cryptocurrency that first appeared in 2014 under the name of Xcoin. Later, it was titled Darkcoin. Finally, it was introduced as Dash in 2015. The main reason why it was launched initially was to ensure the anonymity and privacy of users. In essence, this open-source protocol is a hard fork from Bitcoin. There are various reasons why many people wonder how to buy Dash, including its speeds, well-protected privacy, and a great range of features. When making a payment using this option, the money will hit the recipient's wallet instantly. Also, such transactions cannot be traced.It is possible to buy Dash with GPB and other currencies in various countries. This cryptocurrency can be used for a variety of purposes, such as sending your money to other people, buying stuff, paying bills, and more. The transactions are very cheap since they will cost you less than a cent.
How Can You Buy Dash in the UK
If you wish to buy Dash coin in the UK, the best way to do that is on exchanges. Those are platforms that have been specially created to trade various types of cryptocurrencies, fiat money, and other assets, such as gold. They may take some commissions for their services. Usually, you will need to undergo the registration and verification procedures to use the services of such exchanges. Before you buy Dash coin in the UK, you will need to set up a special wallet first. This is where your money will be stored.
Where It Is Possible to Buy Dash in the UK
There are different factors that you need to consider before you buy Dash coin in the UK on a certain exchange, such as:
How to Buy Dash at eToro
eToro is an online exchange offering trading 16 different cryptocurrencies. It has been around for more than 10 years. Millions of people use this platform for many reasons, including various advanced trading and investment tools.
If you wish to purchase Dash on eToro, follow the steps described below:
Register with eToro
In this case, you will need to provide some important details, such as your username, email address, and password. This step is very easy and quick.
Complete your profile
After quick verification via email, you can access your account and complete your profile. This is when you will need to provide more info about yourself.
Fund your eToro account
Now, you need to add some money to your account. It is possible to use various payment methods for this purpose, including bank cards, wire transfers, Neteller, PayPal, and others.
Now, you can purchase the amount of Dash coin that you need. Everything works simply; so, you are not expected to have any problems.
How to Buy Dash at CEX.io
This exchange has been operating since 2013. It is used by more than four million people. It was among the very first platforms that allowed making fiat-to-currencies transactions by offering payments via cards and bank accounts.
If you wish to buy Dash coin in the UK using this exchange, you will need to take the following steps:
Register a new account
It is possible to sign up using your email address or existing profile on social network platforms, such as Facebook, Google, and others.
Verify your email address
You will get an email with instructions on how to confirm your email address. Just follow them, and everything will be done shortly.
Undergo the verification procedure
The next step to take is to verify your identity and other details. You will start the procedure by clicking on the relevant button. Then, you will need to upload scans of the required documents, such as ID.
You have two ways to go here. The first one is to deposit some money in your account and use them for purchase. The other one is to make a direct purchase by using your credit cards. This is how you can buy Dash coin in the UK using this platform.
How to Buy Dash at Bitpanda
The company was founded in 2014 in Austria. Currently, it is used by more than two million people. Over 400 team members are standing behind this company. Bitpanda has state-of-the-art security measures.
If you wonder how to buy Dash on this platform, read the instructions provided below:
Create a new account at Bitpanda
You will need to click on the Get Started button to open a registration form. Complete the required details and submit them.
Confirm your email address
You are required to confirm your email address according to the instructions provided in the email that you get.
Go through the verification procedure
The next step will be confirming your identity with one of the trusted partners of Bitpanda.
Add funds to your account
To start buying Dash, you need to replenish your account with some cash using the available payment methods.
Now, you can purchase Dash coin in the amount you need. It will not take you much time to purchase Dash using the Bitpanda exchange.
How to Buy Dash at Binance
It is one of the best exchanges in the world. More than 250 cryptocurrencies are available on Binance. Another great advantage of this platform is one of the cheapest rates in the UK. Customers can trade currencies at less than 0.1% fees. One of the recent projects of the company is launching GBP deposits via bank transfers. This option allows quickly making deposits to your Binance account without any fees.
This is how to buy Dash on this platform:
Set up a new account
There is a large orange button that you will need to click to start the registration procedure.
Verify your identity
Before you can access the functions of this platform, you will need to undergo the verification procedure. It requires providing scans of some documents, such as ID.
Make a deposit
You can use a bank transfer for this purpose. Your initial payment will take some time; however, everything will be much quicker later.
Buy Tether using your funds
You will later need to exchange Tether for Dash, so you should carefully choose the amount of money that you wish to spend.
Exchange Tether for Dash
Now you can purchase Dash coin. You cannot directly purchase Dash with GBP on this platform; so, you will need to make two transactions. This means that you will pay at least 0.2% in fees.
How to Buy Dash at Kraken
Kraken is the largest Bitcoin exchange in the world. There are different reasons why people prefer it. Some of them include low fees, great customer support, various depositing options, and tough security measures. The platform has been around since 2011.
Step-by-step instructions on how to buy Dash on the Kraken platform are provided below:
Register your account at Kraken
Just click the Create Account button and fill out the registration form.
Verify your details
The next step will be verifying your info. You will need to provide some documents to prove your name, address, and other details.
Make a deposit
You will need to fund your account with some digital currencies that you will then use to purchase Dash.
Now, you can use the money that you have deposited in your account to purchase Dash.
How to Buy Dash Directly
It is possible to buy Dash with a credit card on some exchanges. This can be achieved in the following way:
- Find an exchange allowing such transactions, for instance, Binance or Kraken
- Register on the exchange
- Follow the requirements before you can purchase Dash
- Purchase Dash
What Are the Best Wallets to Use after Buying Dash?
You will need some place to store your Dash coin. Special wallets have been developed for this purpose. The choice of options is pretty large, but you can narrow the list of them down to several. You will find them below:
Wallet 1 — JaxxIt is a wallet that can be used on both PCs and mobile devices. It comes with a popular interface and allows storing 14 cryptocurrencies. When using this wallet, you keep your private keys under control. You can exports/import them whenever you need that.
Wallet 2 — ExodusIf you buy Dash coin in the UK, you can store this cryptocurrency on this desktop wallet. It was first introduced in 2015. Currently, it can be used for more than 100 different currencies. In fact, it is the first wallet provided for a desktop version that can store many cryptocurrencies. Do not worry about the prices because it is a free product. Also, Exodus is a fully secure solution. Another great thing about this wallet is that it does not require any registration or undergoing the verification procedure.
Wallet 3 — CoinomiIf you are looking for a mobile wallet, you can consider using Coinomi. It is suitable for storing more than 70 crypto coins anywhere you go. If you buy Dash coin in the UK, you will also be able to use this wallet to store your assets daily.
Wallet 4 — DASH WalletIt is another convenient mobile wallet. You can get this Android app on your device and store your coins securely. While you can control your private keys, you will not be able to export them.
Wallet 5 — DASH Core iOSThis secure wallet is suitable for owners of iOS devices. It offers the InstantSend feature for this wallet; the PrivateSend feature is unavailable.
Buying Dash in the UK Legally: Cryptocurrency Regulations
Before you buy Dash coin in the UK, you should get at least a basic understanding of how cryptocurrencies are regulated in this location. While one of the reasons why users prefer to opt for crypto coins is the absence of centralized regulation, governments can still do a few actions to keep the cryptocurrency market under some control. Cryptocurrencies are regulated in the UK only to prevent money laundering. In this country, the Financial Conduct Authority (FCA) is the body responsible for preventing the use of cryptocurrencies for money laundering or terrorism purposes. Therefore, there is a requirement for each crypto exchange operating in the UK to be registered with FCA. Some services can get an electronic license without getting registered with the exchange.In the UK, customers can purchase various crypto assets like Dash. However, it is essential to make sure that the funds will not be used for prohibited purposes. Exchanges are obligated to apply with FCA and undergo the proper registration procedure. As you have noticed, exchanges also require customers to undergo the verification procedure, during which, they provide their documents to prove their identity and other personal details. Therefore, you should be ready to comply with such requirements and provide all the necessary documents as it is required.