Buy, Sell, & Trade DASH
Exchange DASH with USD and Cryptocurrency
At Rubix, we’re creating a new type of crypto exchange. Our platform provides a simplified user experience combined with enhanced privacy and accessible from your smartphone or web browser. We believe crypto exchange should be easy. That’s why we created Rubix, which allows you to buy, sell, or trade cryptocurrency in minutes. Remain anonymous, protect your private key, and get real-time conversion rates, all within our app.
Launched in 2015, DASH was based on previous work by Bitcoin creator Satoshi Nakomoto and was developed to address privacy issues in cryptocurrency. In the DASH whitepaper, the cryptocurrency was billed as “the first privacy-centric cryptographic currency.” The goal of DASH is to be a digital system for everyday transactions and it uses the X11 algorithm for mining, which promotes energy efficiency. DASH is a proof-of-stake coin (Bitcoin, by comparison, is a proof-of-work coin). The currency has a self-funded model, and mining rewards are split between masternodes (which validate transactions), miners, and the treasury. DASH cryptocurrency is very popular in Venezuela, a country that is rapidly adopting cryptocurrency as a form of payment at stores throughout the country.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created DASH?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade DASH?
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange DASH using Rubix
Acquiring DASH is easy using the in-built conversion tool in the Rubix wallet. Instead of going to a DASH exchange and transferring your cryptocurrency, you can trade for DASH directly from your Rubix wallet. Rubix supports not just DASH trading, but most major cryptocurrencies, which you can easily exchange, and even for fiat currencies, like the dollar and euro. Rubix is a simple way to manage your cryptocurrency assets, pay for products, send funds and make bets with friends — all while keeping your funds safe. Keep your DASH secure with Rubix.