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Dash is a cryptocurrency designed on the basis of Bitcoin, using blockchain to facilitate and track transactions via the public ledger. The digital currency was founded by Evan Duffield in 2014. Since its inception, Dash has steadily been growing in both value and use.
The list of cryptocurrencies you can use at online casinos is constantly changing and becoming longer. Dash (DASH) is one of the digital coins winning over more and more online casinos. The digital currency uses the same blockchain technology as Bitcoin. Only, as the supporters say, Dash offers quicker and safer transactions.
Moreover, there are even claims that the Dash network is the most secure blockchain-based payment system. Dash is based on a decentralized peer-to-peer (P2P) network secured by strong cryptography. Digital cash can be used for everyday online transactions, including deposits and withdrawals at Dash online casinos.
The platform utilizes cutting-edge technological innovations such as ChainLocks, InstantSend, and masternodes. These Dash features enable the speed and fungibility of fiat currencies. But Dash also has lower costs and ensures higher security and the privacy of funds, one of the main advantages of blockchain-based platforms.
It doesn’t surprise, then, why some call Dash a user-friendly banking alternative to Bitcoin. Dash has also been considered one of the fastest online casino banking services. The transaction speed is 1 second. In other words, Dash allows instant deposits and withdrawals for less than a cent.
After a thorough investigation of the cryptocurrency, here is our Dash review in which you can learn all the important info about Dash payments. See how to deposit and withdraw money with Dash, the fees and processing times for Dash transfers, and why using Dash for payments online is a good idea.
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Unfortunately, Dash is not that widely used at casino sites as other cryptocurrencies. However, more and more operators are adding Dash to their lists of approved deposit and withdrawal payment methods thanks to the various benefits players (and operators) get by transferring with Dash.
Thanks to instant deposits, fast payouts, and the ability to sync your Dash account with a number of wallets via smartphones, web browsers, desktops, tablets, and more, Dash has slowly taken over as a very convenient option for players worldwide. Check out the list of casinos accepting Dash payments where you can use Dash to deposit and cash out winnings.
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Company Name:
Dash
Headquarters:
Worldwide
Established:
2014
The cryptocurrency is an open-source altcoin Evan Duffield launched in 2014 as a fork of the Bitcoin.
Duffield used the BTC’s source code to create the cryptocurrency. At first, he used the name Xcoin. He kept the main crypto feature, decentralization. But he tried to make the coin faster and more secure than its “parent.”
At the outset, Dash was associated with the “dark web” and even called Darkcoin for some time. Clearly, the negative reactions and bad press followed, creating stigma that festered and made the coin unappealing to new customers.
The team behind the project then decided to rename and fully rebrand the product. So, in March 2015, Dash was born.
DID YOU KNOW? The name Dash is a combination of words “digital” and “cash.”
Until the beginning of 2017, the Dash market value was below $10. And then it started to rise to reach a staggering $4 billion market cap and ranked among the top 12 cryptocurrencies in the world.
However, like many other cryptocurrencies, Dash value had also been subject to market volatility, so its value varied and even dropped significantly. Although Dash is not as potent as it was in 2017, it had improved in other areas. Especially the speed of transactions and security.
The whole network is run by a decentralized autonomous organization (DAO). The network has user-friendly mobile apps for Android and iOS users and offers more products. You can spend Dash at thousands of merchants and services, including retail, travel, business services, food & drink, and online casino.
As a cryptocurrency, it’s fairly easy to get by DASH and use it for online casino payments.
Masternodes are what make Dash so unique. These are actually users acting as a second layer of security, enhancing functionalities too. The second layer of network masternodes ensures instant and private transactions. So, this is the reason why many consider Dash as the most secure payment network.
Alongside InstantSend, another critical feature is ChainLocks. Used together with InstantSend, it provides a risk-free environment for both sending and receiving payments. All of these functionalities make Dash one of the fastest and cost-effective payment methods.
Now, to get the coins, you need a wallet.
The official website offers a wide range of mobile, desktop, hardware, paper, web, and text (SMS) Dash wallets. So, just pick the one that best suits your need and start making Dash casino deposits in minutes.
Dash also provides a wallet and internet banking service, the Dash eWallet and DashPay. At the moment of writing this, DashPay was still in its testing phase.
DashPay Wallet works similarly to any other digital wallet. You’ll be able to create a username and register yourself on the network. Also, you can add your friends and family to the Dash network. Just find the username, and you can start sending and receiving Dash payments between usernames. You can join DashPay Alpha Program to test new features and give feedback.
You can buy or sell Dash online or at one of 4,000+ ATMs across the world. You can find the nearest one using the online tool on the official website. Most ATMs offering Dash are located in the US and Europe.
If you prefer to buy the altcoin online, you can find a range of services on the official website too. You can select one of 15+ fiat and cryptocurrencies to buy Dash. Some of them include EUR, USD, GBP, CAD, CHF, INR, IDR, MXN, CNY, BTC, BCH, ETH, and USDT (Tether). The online cryptocurrency exchanges you can use to get Dash are Coinbase, Coinbase Pro, HitBTC, Kraken, or CEX.IO.
Check out the rates, select the currency and click the “Buy now” button. You can also use P2P (peer-to-peer) exchanges to buy and sell crypto directly from other users.
If you have any inquiries regarding Dash, you can send an email to [email protected]. Dash also has a community that includes blog, forum, and plenty of social media channels to follow. Sign up for the Dash forum to get the latest news and chat via Discord Dash Talk. Or find them on Twitter, Facebook, Telegram, Instagram, or LinkedIn.
All the links are available on their “Contact” page you’ll find in the footer. You can also visit the FAQ page that provides answers to some of the most commonly asked questions.
Dash is a great solution for both deposits and withdrawals. And it’s great that it supports both types of transfers, as some casinos may have a rule where they allow players to use only one option for both. Hence, with Dash, you don’t have to think about alternatives. Also, before you initiate a deposit request, please make sure your Dash crypto wallet has sufficient funds.
Here is how you can deposit at online casinos with Dash.
The money should appear in the account within a couple of minutes. Dash is exceptionally fast.
One of the main questions we get is, ‘Will I be able to withdraw money using Dash?”.
Yes, you will be able to cash out winnings using Dash. In fact, casino withdrawals with Dash are incredibly fast and easy. They work in the same way as deposits.
An important thing to note is that withdrawals take a bit longer to complete than deposits due to account verification processes.
Namely, thanks to KYC verification and account authentication, the casino may take up to 2 business days to confirm your transfer and identity. You will see this as the ‘pending time’. To speed up this process, you can complete KYC verification immediately after registration or at any other point before initiating a withdrawal.
Dash displays at the website that the transaction speed is 1 second. So, theoretically, Dash facilitates instant deposits and withdrawals. Casino deposits could reflect in your account balance immediately.
But, withdrawals are always a bit different. And last longer. The reason lies in the casino’s pending period. Each casino site has its own withdrawal processing timeframe. In most cases, when speaking of cryptocurrencies, withdrawals are quick. But not instant as deposits. You will probably need to wait a few minutes for the funds to appear in your wallet. At some casinos, you may wait longer due to their withdrawal pending policy.
Check out the Terms and Conditions to see how long the casino usually processes the requests. However, most crypto-friendly casinos, like 1xBet, tend to approve withdrawals within minutes.
Speaking of fees, online casinos don’t charge you anything for deposits and withdrawals with Dash. And, one of the main advantages of using digital money is the lack of fees. There are certain costs, which are actually the miner’s fees.
Some crypto wallets will include a small fee by default. Even if there are costs, they are so low that you won’t even notice them. On the Dash page for business users, Dash says that the cost per transaction for merchants is ≤$0.01.
If you’re a fan of cryptocurrencies but would like to try some Bitcoin alternative, then Dash might be the one.
First, the platform is secure and superbly fast. Transactions are processed within a second.
Compared to Bitcoin’s average 10 minutes, you can immediately understand the difference.
Also, you can use Dash for various purposes, not only casino gaming. You can pay bills, shop for groceries, buy tickets, pay for multiple business services, electronics & IT, and send money to your friends and families. You can use it in more than 40 million physical and online retailers in more than 210 countries and territories around the world.
Another advantage is that it’s a fee-free service. Unless you consider cost per transaction that is less than a cent an actual cost.
Finally, cashing out with Dash is also quick. If it’s not instant, it’s processed within a few minutes. This is more than acceptable if you consider withdrawal timeframes of some other methods.
On the flip side, Dash is not as widely accepted at online casinos as other cryptocurrencies. This considerably diminishes your chances of playing at online casinos with Dash as your options are indeed limited.
An English teacher in his previous life, Milos went on from being a sports journalist to freelance content writer who immediately understood the growing need for quality content. This led him to build MM Editing – a digital marketing agency specializing in content production, management, and promotion. MM Editing has been around since 2016 and continues to serve content to numerous casino affiliate websites.
