Dash is one of the first cryptocurrencies to focus on ease of use. Add a 1 second transaction speed and optional anonymity features to create one of the most exciting cryptocurrencies out there. I’m going to examine dash and why its impressive array of features make it one of the best cryptocurrencies to use for betting.
Dashing from wallet to wallet
When it comes to transaction speeds, dash stands out from the crowd as one of the fastest cryptocurrencies. It takes 1 second for a dash transaction to go from wallet to wallet thanks to its masternode system.
Despite a block taking 2.5 minutes to mine, dash reaches top speed by sending transactions to masternodes. Here, the balances in the wallets are verified and then locked. At this point, the transaction will be shown in both the sender’s and receiver’s wallet as a valid transaction. This process takes 1 or 2 seconds.
Any transaction that then tries to use the same funds will be rejected, preventing double spend attacks, making dash incredibly secure. As a result, dash betting sites only require 1 confirmation before your deposit is credited. This is around 2.5 minutes on average.
Did someone say cheap?
Cryptocurrency transaction fees are becoming laughable, with several top cryptos costing a small fortune to get from a to b. With dash, this isn’t something that you need to worry about. Transaction fees cost between 0.00002 and 0.00004 dash, which is under 1 cent. This is a pittance when compared with bitcoin ($20) and ethereum ($13).
If you’re making a small deposit to a crypto betting site, you don’t want the fees costing more than the value of your deposit. When it comes to withdrawing, it also means that you get to keep more of your winnings, rather than having to pay out $20 or $13 in transaction fees.
In a world where keeping your privacy is increasingly difficult, dash hands you a pretty nice lifeline. When you send a dash transaction, you can opt to enable a feature called PrivateSend, which essentially chops your transaction up into lots of smaller ones and mixes the coins with other people using the PrivateSend feature.
This is a far superior form of CoinJoin and mixing service, keeping your transactions as private as can be. Couple PrivateSend with the ability to play anonymously at the best dash betting sites and you can remain as incognito as you can possibly get in this day and age.
Where can I bet with Dash?
If you want to bet with dash, we’ve got you covered. Simply set dash as your currency of choice and you’ll only see sportsbooks that accept it.
To do this go to the top right-hand corner of the website and click the settings icon, or simply click here.
Once you’ve opened settings, click on the currency drop down, select dash, then press okay and save. Now you’ll only see sportsbooks that accept dash.
Dash is a very powerful and easy to use cryptocurrency, putting total control in your hands. Whether you want to remain anonymous using PrivateSend or you just want to send transactions quickly with a low fee, dash stands out as a market leader.
Only a handful of sports betting sites and casinos accept dash, but it is still worth checking out. The potential is too great to miss out on.