Our Disclosure

The content on this website includes links to our partners and we may receive compensation when you sign up, at no cost to you. This may impact which products or services we write about and where and how they appear on the site. It does not affect the objectivity of our evaluations or reviews. Read our disclosure.

How To Buy Dash (DASH) in Canada (2024)

Updated:

Fact Checked

Are you looking for where to buy Dash (DASH) in Canada? This guide covers the top Dash exchanges you can use.

Dash is a cryptocurrency that is used for fast and low-fee payments worldwide. It was forked from the Bitcoin protocol.

Read on to learn about how to invest in the Dash coin.

How To Buy Dash in Canada

1. Open an account: Create an account at a crypto exchange that offers Dash. Because this altcoin is not as popular as Bitcoin or Ethereum, only a handful of exchanges support it in Canada.

2. Fund your account: After opening your crypto account, fund it using Canadian dollars or transfer in your existing crypto assets from an external wallet.

3. Buy DASH: Place a ‘buy’ order for Dash. Some exchanges offer Dash-crypto and Dash-CAD pairs, so you may not need fiat currency to buy Dash.

4. Store Dash: It is generally advised to keep your cryptocurrency offline using a hardware wallet like Ledger. You can also leave your Dash assets on the exchange.

Where To Buy Dash (DASH) in Canada

The top two cryptocurrency exchanges offering Dash in Canada are:

1. Newton

Newton is a Canadian crypto brokerage platform available in all provinces and territories. It is one of the best places to buy Dash. Its top features are:

  • Instant verification
  • 70+ coins, including DASH
  • 0.70% trading fee with free deposits
  • Canada-based and FINTRAC-registered Money Service Business
  • User-friendly for beginners

Offer: Get a $25 bonus when you open a new account and trade $100 worth of crypto coins.

Newton

newtonlogo

Trade several popular coins

Excellent crypto broker for newbies

Up to 2.20% trading fee

Get a $25 bonus when you trade $100

2. Binance

Binance is the largest cryptocurrency exchange in the world. It offers Dash and hundreds of other altcoins and stablecoins (over 300 coins in total).

The top features of Binance include:

  • Available on all devices
  • Very low trading fees at 0.10% or lower
  • Multiple funding options
  • Offers crypto staking so you can earn interest on your crypto assets
  • Crypto derivatives markets
  • NFT marketplace
  • Software wallet (Trust Wallet), and more

Note that Binance is not available to residents of Ontario.

Offer: Get a 20% lifetime fee discount. When you pay trading fees using the Binance Coin (BNB), you get an extra 25% discount (45% fee discount overall).

Binance

binance

Trade hundreds of popular coins

Best for advanced crypto trading tools

Up to 0.10% trading fee

Get a 20% lifetime trading fee discount

How To Sell Dash

Selling Dash (DASH) is just as easy as buying it. The steps are:

  1. Sign in to your crypto exchange account and search for your Dash wallet.
  2. Place a ‘Sell’ order for DASH at either the current market price (market order) or a specific price you prefer (limit order).
  3. When your sell order is completed, the cash proceeds are added to your fiat balance.

What To Look For in a Dash Crypto Exchange

You should consider several factors when choosing an exchange to invest in Dash and other cryptocurrencies.

Some of my top considerations are:

Trading fees: Choose a crypto exchange that has competitive trading fees. Fees eat into your investment returns, and the lower they are, the better.

Security: Investigate the security measures put in place by the exchange to secure your assets. Security features can include 2-factor authentication, cold storage, insurance, etc.

Crypto selection: Confirm that the exchange offers the coins you plan to buy and sell.

Funding options: It is better to have multiple ways to fund your account such as crypto deposits, debit cards, Interac e-Transfer, credit cards, bank wire, etc.

Crypto withdrawal options:  The exchange should give you the option to withdraw your crypto to an external wallet if you so wish.

How to Store Dash

You can store Dash using a variety of hardware and software wallets.

The most popular hardware wallets in Canada are:

What is Dash (DASH)?

Dash is a scalable digital payment system that was launched in 2014 by software developer Evan Duffield. The Dash digital currency offers fast and cheap payments, enabling users to make everyday purchases with digital cash anywhere in the world.

Dash is based on Bitcoin and works as a two-tier network structure using proof of work and masternode systems to improve efficiency.

The PoW system

Mining devices solve complex mathematical puzzles to add new blocks of transactions to Dash’s blockchain.

Masternode System

A masternode is a server with a full copy of the Dash blockchain and is usually operated by users with at least 1,000 Dash.

Top features of a masternode include InstantSend and CoinJoin. IsntantSend ensures faster confirmation of transactions within two seconds, while CoinJoin is a way of running a sequence of transactions, hence making them harder to trace.

The Dash coin can be bought in major exchanges, like Binance and Coinbase, and has the following uses:

  • Governance: Holders with 1,000+ Dash coins vote on governance and funding proposals.
  • Payments: You can use the coin to make everyday purchases, including plane tickets, bill payments, groceries/dining out, subscriptions, and more.
  • Block rewards: Miners and masternode operators receive a portion of block rewards from Dash mining.

There is also DashDirect, a retail savings app that allows users to make purchases using the Dash coin and realize savings and discounts in retail stores and websites.

Dash Canada FAQs

Dash legal in Canada?

While Dash is not legal tender in Canada, it is legal for anyone to buy it in Canada.

Is Dash a good investment?

Dash, like every other cryptocurrency, is a speculative investment, and you can lose or make money when you invest in it. If the crypto market does well, there’s a chance Dash will increase in price. If there is a prolonged crypto bear market or the government bans Dash, its value could go to zero.

How do I get Dash coins in Canada?

You can easily buy Dash in Canada using Binance or Newton.

Related:

Disclaimer: Cryptocurrency is a volatile and speculative investment. If you decide to invest, we recommend you do your own research and only commit funds you can afford to lose. The author may own one or more of the crypto assets mentioned in this article.

Best Crypto Offer This Month

Overall best crypto exchange in Canada + $50 bonus

Top registered and regulated crypto trading platform for Canadians.

$50 instant reward when your initial deposit is at least $250 or more.

Access over 40 popular coins and altcoins and staking to earn interest.

Competitive low trading fees for crypto and free deposits.

Get access to advanced trading tools.

Access nearly 70 crypto assets with one-click trading + $25 bonus

Instant deposit with e-Transfer and supports CAD and USD.

$25 bonus when you verify your account and deposit $150.

Offers almost 70 crypto assets.

0.50% to 2% trading fees; free fiat deposits and withdrawals.

Author

Gravatar for Enoch Omololu, MSc (Econ)
Enoch Omololu, MSc (Econ)

Enoch Omololu, personal finance expert, author, and founder of Savvy New Canadians, has written about money matters for over 10 years. Enoch has an MSc (Econ) degree in Finance and Investment Management from the University of Aberdeen Business School and has completed the Canadian Securities Course. His expertise has been highlighted in major publications like Forbes, Globe and Mail, Business Insider, CBC News, Toronto Star, Financial Post, CTV News, TD Direct Investing, Canadian Securities Exchange, and many others. Enoch is passionate about helping others win with their finances and recently created a practical investing course for beginners. You can read his full author bio.

About Savvy New Canadians

Savvy New Canadians is one of Canada's top personal finance platforms. Millions of Canadians use our site each year to learn how to save for retirement, invest smartly, maximize rewards, and earn extra cash. We have been featured in prominent finance media, including Forbes, Globe and Mail, Business Insider, CBC, MSN, Wealthsimple, and TD Direct Investing. Learn more about Savvy New Canadians.

Free financial education

Expert advice

Free resources

Detailed guides

Leave a comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.