DASH is an altcoin that has been forked from the Bitcoin protocol. The coin was initially launched in 2014 as Xcoin by Evan Duffield. But in March 2015, it was rebranded as Dash, short for digital cash. The transaction fee is around $0.20 to $0.30, significantly lower than popular cryptocurrencies like Bitcoin. DASH ensures fast transfers with a transaction speed of 1-2 seconds, making it a great investment. You can easily convert your DASH coins to traditional money using one of these methods. 

Use DASH Cryptocurrency Exchanges
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Use DASH Cryptocurrency Exchanges

The most common way to exchange your DASH tokens for fiat currency is through cryptocurrency exchanges. Just follow these steps, and you should be able to exchange your tokens for traditional money:

  • Create an account on the platform that you have selected.
  • Link your bank account to this account.
  • Transfer your tokens from your crypto wallet to your account.
  • Select the fiat currency that you wish to exchange your tokens for.
  • The due amount will be reflected in your account as soon as the transaction gets processed.
Sell DASH to Another Person
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Sell DASH to Another Person

You can sell your DASH tokens to another person to exchange your tokens for traditional money. There are two types of platforms which allow you to sell their tokens to another person.

P2P platforms enable you to exchange DASH by selling it to other people. No third-party institutions are involved in these transactions, so the people are free to conduct them as they like. The buyer directly contacts the seller and carries out the deal.

Brokerages are exchange platforms which employ a third-party institution to conduct the transactions. A broker takes care of every aspect of the transaction, be it choosing the buyer or looking for an opportune moment to sell the tokens. The broker takes all decisions. All you have to do is pay the brokerage fees for the services you have used.

Use DASH ATMs
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Use DASH ATMs

DASH ATMs are cryptocurrency ATMs which allow you to buy or sell your DASH coins in exchange for traditional money. These ATMs are like regular ATMs, except that they accept and dispense cash in exchange for your DASH tokens. You can easily locate a DASH ATM near you using the ATM map given on their website.

Using a DASH ATM is easy; just follow these steps:

  • The ATM will display a message to enter your mobile number.
  • You will get a verification code. Enter the code to start the process.
  • The screen will display a “Sell DASH” option. Click on it.
  • Send your DASH tokens to your buyer in their crypto wallet.
  • The machine will dispense cash worth your DASH tokens.

FAQs

Can I exchange my DASH coins for traditional currency?

Yes, you can exchange your DASH tokens for traditional money without hassles via cryptocurrency exchanges, selling your tokens to another person or a DASH ATM.

How do I sell my DASH tokens to another person?

You can use P2P or brokerage platforms to sell DASH to another person. 

What is the time stamping mechanism used by DASH coins?

DASH coins use a Proof-of-Work mechanism for time stamping the transactions. 

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