Dash is a cryptocurrency that allows for fast, secure, and secret transactions. It has achieved global reputation and is now accessible in Burkina Faso. This article will explain how to buy Dash coins in Burkina Faso.
Understanding Dash
First, allow us to introduce you to Dash. Dash is a decentralized, open-source clone of the Bitcoin network from 2014. The coin has a two-tier network design with miners and master nodes. Miners secure the network due to transaction validation, while master nodes stand apart by providing extra features such as instant transactions and private transactions.
Benefits of Buying Dash
Here are some reasons one may want to buy Dash:
- Faster and more secure transactions: Transactions on the Dash network are way faster than those on the Bitcoin blockchain, hence usable in everyday activities.
- Enhanced Privacy: Dash enables anonymous transactions through its feature called PrivateSend, which should be the extra line of safety for users.
- Growth Potential: Being that the cryptocurrency market is yet growing, Dash can appreciate over time.
How to Buy Dash in Burkina Faso
There are two major ways through which one can purchase Dash in Burkina Faso:
- Centralized Exchanges
- Peer-to-Peer Marketplaces
Centralized Exchanges
These are online platforms that allow buyers and sellers of cryptocurrencies to communicate. Most of the time, they are highly user-friendly and provide a diverse selection of accessible cryptocurrencies for purchase. Here’s how you can buy Dash on a centralized exchange:
- Choose a reliable exchange: There are several cryptocurrency exchanges, but they are not all created equal. Conduct some research and choose a well-established company with a strong reputation for safety and security. Some prominent solutions that may or may not function in Burkina Faso are Binance and Coinbase, among others. Before creating an account with any of these exchanges, be sure they are available in your location.
- Account creation: After selecting an exchange, create an account by entering your personal information and completing the KYC verification process. This generally constitutes providing government-issued IDs and proof of address.
- Fund your account: Most centralized exchanges will let you transfer funds to them, either bank transfer, mobile money–depending on the exchange–or credit/debit card, whichever is available.
- Buy Dash: Log in and fund your account; then, navigate to the trading section and search for Dash (DASH), placing a buy order with a specified quantity you would like to acquire in Dash and at what rate you want to buy.
Peer-to-Peer Marketplaces
Sucg marketplaces eliminate the need for a central exchange by linking customers directly to sellers. This offers much greater flexibility regarding payment types and, thereby, higher risks. Here’s how you can buy Dash using a P2P marketplace:
- Choose a P2P platform: There are numerous P2P marketplaces available, such as LocalCoinSwap and Symlix. Most of the time, these kinds of platforms concentrate on regions. Hence, you would want to choose one working in Burkina Faso.
- Browse through offers: P2P platforms avail creating sell and purchase orders to their customers. As such, now you basically can view existing offers on the Dash platform; on this thing, only study the seller’s rating, payment means accepted, and exchange rate.
- Contact a Seller: Once you have found an offer that will suit you, contact the seller directly from the platform messaging system. Discuss how the trade details, most importantly, go into the details of the mode of payment and the exchange rate.
- Complete the trade: Log into the P2P platform and complete your agreed-upon trade following the instructions given by the seller.
Never release your payment before you getting the Dash in your wallet. P2P platforms mostly have escrow services that hold the cryptocurrency until both parties confirm the transaction is complete.
Follow these steps and critical points, and you can confidently buy Dash in Burkina Faso. Keep in mind that cryptocurrency is an exciting but complex space. Do your research, and invest responsibility.