The modern-day online casino player is always appealed by the digital currencies offered as payment methods, and rather than choosing traditional, always chooses these alternatives, among which Dash is the hottest at the moment. This is an improved version of any crypto you’ve known, as it is incredibly user-friendly, even for dummies and newbies, and easier to store and use. The crypto is not really new, so it has gained momentum across the online gambling industry, being offered across the finest Canadian online casinos even. Since it is so convenient to use, you might want to give it a try. Why choose Dash as your online casino payment method?
Bitcoin is the first-ever digital currency that the world heard of in 2008, which really revolutionized the way we see and use money. It really changed the way we can transact online, and did it for good. When the world saw the potential behind the concept, many new cryptos appeared. Six years after Bitcoin was launched appeared the most user-friendly crypto, Dash. It premiered in 2014, so it is not new and has already gotten the recognition it deserves since it is super easy to exchange, store and most importantly, use overall. Compared to other digital currencies, it is one of the easiest to get started with and use, even though based on the same underlying blockchain technology as Bitcoin.
It basically functions the same way, on the same basis as any other cryptocurrency. However, it offers improved functionalities and has been crafted to be suited to any user, both experienced and newbies. It differs from other currencies, though, in the way that it works with masternodes. These provide users with next-level governance, still on the blockchain tech, but more innovative than ever.
The masternodes are a novel concept, first presented to the world with the premiere of the crypto itself, in 2014. These masternodes host copies of the chain and add a second layer of advanced services, known as Private and InstantSend. These significantly improve the overall user experience and boost the storage and sending features on the chain.
What PrivateSend does is completely eliminate any possible evidence of the transaction with this crypto. While transactions with cryptos were untraceable previously, sent from one crypto wallet to another, without anyone being able to trace them, with this functionality, they seem like they never happened. What it does is break the sent coin into pieces, mix it up and use different masternodes to validate it, making the transaction virtually gone, as if it never happened.
The InstantSend functionality allows, thanks to the masternodes, for the transaction to happen in real-time, literally in 1 or 2 seconds. The network needs to verify the transaction with other cryptocurrencies, but with Dash, the masternodes validate the transaction, as you could see, instantly, right after the coin holder confirmed it. The transaction is immediately sealed after it’s been confirmed, however, giving another layer of protection and not allowing for the coins to be double-used ever.
Being such a convenient crypto to use, it should come as no surprise that it has been listed among the top cryptocurrencies available across online casinos. Players love the really instant transactions but above all, love the fact that their transactions are truly untraceable with it. Therefore, if you’re also interested in these things and would like to use this amazing crypto, stay with us to learn how to do it!
Getting Started with the Solution
Another thing in which this crypto stands out from the crowd of other cryptocurrencies is that it actually offers an official website, where you could get started with it right away. That’s what makes it special and so easy to get started with, among other things, as you’ll see.
Visit the official website and find the Individuals page (there’s a separate Businesses page to explore if you wish, too). On this page, you’ll learn all the steps you need to make, and all the info on getting started with it. To sum up, just like with any other crypto, you’d need to obtain coins. You can do that in many ways, mining included, believe it or not. Even the mining process, which is usually financially and mentally exhausting, is simplified with this amazing crypto. You’d still need to solve a mathematically difficult problem, but thanks to its X11 hashing algorithm, Dash provides you with the coins way more easily.
Of course, you can always purchase coins at any exchange platform, be it Coinbase, Bitfinex or Binance, for instance. But, you can even do it on some ATMs! We’re serious, ATMs across the globe exist where you can purchase your Dash coins! Go to the official website and on the homepage, you will find the options.
Assuming you’ve successfully finished the obtaining process, you’d need to store your coins. On the official website, you will find many suggestions when it comes to crypto wallets where you could store your coins, but you should know that there are dedicated iOS and Android DashPay wallets, too, which you could use, for an even more convenient experience.
If you already have an account with a popular crypto wallet, though, you can stay with it, and use this crypto there. Some options include Edge, Exodus, Bitnovo and Coinomi, to name a few. You also have desktop, hardware, paper, text (SMS) and web wallet options listed, so make sure you decide on the one that suits your preferences best.
Depositing and Withdrawing
Let us make it clear right away that this is one of the most popular cryptocurrencies across the Canadian sites we’ve reviewed here on our site. You’ll find them across sites like SpinzWin, JeffBet, KingdomAce, FairSpin, FuzeBet, and NevadaWin Casino, to name a few. Many sportsbetting sites accept via it to be placed all kinds of bets, too. So, you’ll certainly find it at many other online gambling sites, and you’ll have no issues joining one that you’d find suitable for you.
To deposit with it, you’d need to go through the following steps:
- Visit the casino’s Banking/Deposits page.
- Look for Dash’s logo and press it.
- Copy the casino’s wallet address.
- Use your credentials and enter your chosen crypto wallet.
- Specify how much you’d like to deposit and paste the casino’s wallet address.
- Confirm the transaction and watch the coins arrive on your balance in real time.
One thing to remember here is that you need to enter the wallets’ addresses correctly because in case you enter one wrong letter or digit, your coins will be lost for good. As with any other crypto, once the transaction is sent, it is irreversible. This is even more definite with this crypto, considering the masternodes truly make the transaction untraceable, so make sure you double or triple-check everything before you confirm the transaction.
When it comes to cashing out, withdrawals with this crypto are possible and as easy and fast. You’d need to go through the same 6 steps, except this time, step 3 would be copying your wallet’s address, and step 5 specifying how much you’d like to withdraw and paste your wallet’s address in the designated field. Right after the casino approves your transaction, the coins will immediately arrive on your wallet.
Fees apply when using this crypto, but these fees are under 1 US cent, meaning very low and you won’t even notice them.
You’d need to check with the exchange platform, if purchasing your coins there, to see how big the purchase fees are, too. Online casinos won’t charge a fee for depositing or withdrawing with the crypto, though.
You can use any currency when purchasing Dash coins at exchange platforms. Of course, the Canadian dollar is an option across most, if not, all exchanges, since it is a mainstream fiat currency.
Other options are US dollars, of course, the euro, UK pounds, Australian dollars, and many other fiat, but also many digital currencies, including Bitcoin, Bitcoin Cash, and Ethereum, to name a few.
Just like any other cryptocurrency, Dash is available all across the world, literally. It is a digital currency of decentralized nature, so it can be used by any user, from any place in the world. Since Canada has embraced crypto, you can rest assured you’d be able to use it as a Canadian player.
Of course, there are such countries that have denied crypto and even banned it, so players from these countries should be really careful if they decided to use it since some of these countries have imposed huge punishments and even prison time for users of crypto.
We said that this crypto is incredible for many reasons, but also because it offers an official website where you could get Support options, contrary to other cryptocurrencies. You can explore the highly informative site to learn all about how it works and how to use it, you can check out the FAQs section and even a Get Support button at the bottom of the homepage, where you could get in touch with real humans on call. Plus, the solution is on some of the most popular social media platforms like LinkedIn, Instagram, Twitter, Reddit, Facebook, Telegram and Github.
Naturally, you can always get assistance from your chosen online casino’s Customer Support agents, also via phone, email, social media or on-site contact form.
With transactions processed between 1 and 2 seconds, the possibility to purchase coins using Canadian dollars, the availability across the top Canadian online casino sites and the ease of use, Dash should certainly be on top of your must-try list of cryptocurrencies. Regardless of whether you’re new to crypto or an experienced crypto user, you’d love what it offers, and you’d love depositing and withdrawing with it across online casinos.
Does Dash’s value undergo fluctuations?
It sure does. Just like any other digital currency, this is a volatile digital asset with a fluctuating value. You’d need to be monitoring the market to see when the right time to buy/sell it is, in order to get the best value for your money.
What was its all-time high value?
Its all-time high, peak value was around CA$1,792, even though today, its value is much lower. Since it fluctuates, in order to get the best out of it, continue monitoring the market.
Is there an app I could use for even more convenient transactions?
There sure is! Not one, but three different apps are available. You have one for desktop devices, one for iOS and one for Android devices, therefore, regardless of whether you’re using a laptop, PC, tablet or smartphone, regardless of its operating system, you’d be able to download the app and use the solution via it for seamless transactions.
Who invented this crypto?
The founder of this crypto is Evan Duffield. He wanted to create this crypto that would be an excellent alternative to cash, focusing on fungibility and speed, so there were a few years of development in play before the crypto was launched on the 18th of January, 2014.
How many eCommerce platforms accept Dash approximately?
There are over 155,000 merchants, partners, and e-Commerce sites where you could use this crypto for everyday purchases and payments. Use the DashDirect app to find all of the options for North America.