Thinking of purchasing Dash coins with credit card/Paypal/debit card? Then you are on the right page! Dash or digital cash was previously known as Darkcoin or XCoin and stands on the third position after Bitcoin and Ethereum with respect to market capitalization. The value of one Dash coin has almost doubled in a matter of one week, thus peaking the curiosity and interest of cryptocurrency investors.
In order to buy Dash, you need to register yourself on an exchange platform of your choice and provide all the relevant details that need to be entered before you start trading. Such information may range from name, address, email, phone number, bank statements to passport. For those who do not want to share their personal information with any third party, they can opt for Debit/Credit Cards or PayPal.
Purchase Dash with PayPal
This is where the main issue comes in, as no platform supports PayPal/Credit/Debit Cards owing to fraudulent charge backs. Also, given the fact that PayPal's Terms of Services abandoned digital assets long back, the company favors buyers more than sellers. This is the very reason why genuine buyers and sellers have faced issues in the past years.
It is technically impossible to purchase Dash using PayPal or Credit Card. However, one can use VirWoX, a cryptocurrency exchange that deals in Linden Dollars (SLL).
If you wish to buy Dash, you can first purchase Bitcoin from the VirWoX exchange. Open a VirWox account and register yourself. After you have registered yourself, a temporary password will be sent to your email id. Once you have logged in to your account, you will have to change the password, or else your account will automatically be deleted.
Deposit money to your VirWox account using PayPal, Master Card, Visa Card, American Express, Diners or JCB. New accounts have a restriction on the maximum amount which you can deposit. Exchange your deposited currency (USD, EUR or GBP) into Linden Dollars. You have 2 options to choose from- market trade and limit trade. If you opt for the 'market price' you agree to exchange your money for Linden Dollars at the highest price that another trader has previously agreed to pay. In case you are not willing to pay more than a certain amount, you should opt for 'limit trade'.
After you have purchased SLL, you may exchange it for Bitcoin. Transfer your BTC to your personal wallet. This may take up to 48 hours. After you get a confirmation that your BTC has been transferred to your wallet, you can now exchange your Bitcoins for Dash at Shapeshift.io. Once you have acquired your Dash coins, transfer them to your personal wallet.
0
0
Blogs
