***Updated: August 8, 2019***
The Dark Web has been responsible for the creation of many things since its inception and counted among those are a few different types of cryptocurrencies. One of these was called “Xcoin“, developed by Evan Duffield as a fork off from Bitcoin after he had an alternative vision for its direction. At first it was primarily used as a currency on the Dark Web to facilitate transactions between anonymous individuals but it gained mainstream traction due to the solid technology behind it.
Then it’s second name of “Darkcoin” proved to be too brooding and sketchy for the average person so it was rebranded a final time as “Dash” in March of 2015, which certainly served to help with its public image. Then by August 2016 it was no longer being used on any shadowy net markets, finally achieving the same status as BTC, Bitcoin Cash, and Ethereum.
Due to the tragic events of 2018 when the entire market lost a huge chunk of its worth, some people are hesitant to use this coin for day to day purchases, however, it is absolutely safe as long as the funds aren’t kept in electronic form for long periods. This means that as soon as a payment is received it should be converted back into USD to avoid fluctuations. Nevertheless, many do keep it in crypto form in order to gamble on the possibility of an increase in value, which is obviously not for the faint of heart.
How to Deposit at Online Casinos with Dash
Depositing at online casinos with Dash is the exact same process employed when using any of its competitors for the task. It all begins with a Blockchain wallet that allows the conversion of United States Dollars into crytpo and will then facilitate the actual sending of it to others.
Naturally, the first step is to open a Blockchain account at a website like Kraken or something similar. It’s necessary to give personal information to enable identity verification and having to provide them with a scan of a driver’s license is common. Once approved, it is then funded with USD through a credit card, bank wire, or another approved option.
Next it’s time to convert the money and post a trade request at the price willing to purchase, although occasionally it can be bought for less than stated if someone has posted an unclaimed order for a smaller sum. The software then automatically matches two people looking to sell and buy at the same amount and everything is completed in seconds. It’s 100% private and personal details aren’t shared with either party – it is untraceable by anyone, including the developers behind the scenes.
After arriving in the wallet it’s necessary to email the operator’s customer service team and ask for an “address” to send it to, which nowadays is generated automatically on their cashier page. Regardless of method they will issue a long string of numbers and letters that is unique and will never be used again, just like a deposit with Ethereum at a betting website or any other crypto.
Carefully copy and paste this address into the wallet order and click “send”, and then the funds will be posted as USD and be ready to gamble with in minutes. Usually they give a concrete exchange rate for the time that it takes to complete the transaction so the exact amount of money to expect to be added to the balance is known beforehand.
When it comes time to get a withdrawal it is easily converted to cash thanks to SpectroCoin offering Bitcoin prepaid cards which can be used at any ATM in USD, Euros, or Pounds. This isn’t uncommon in the industry but it’s definitely still a perk of using it.
The Pros and Cons of Dash
As is the case with all cryptocurrencies, the main attraction of Dash is that all activity is fully anonymous and has very low processing fees, often only a few cents each time. The network is totally global with fixed fees no matter where it’s going and the transfers are always executed at the same speed.
One of the significant positives people don’t realize is that it’s extremely secure, even more so than other Alt Coins, as a result of its advanced encryption methods. It all comes down to “InstantX” technology that harnesses the power of its Masternode network and sends irreversible transactions within four seconds when users select “Use InstantX” in their Blockchain wallet.
The only real con is more of a question and it reflects the uncertainty about the benefits of its network as it’s still being hotly debated in the cypto community. Specifically, outside developers are wondering if the two-tiered system is truly decentralized due to its mining process, citing that 2,000,000 units were mined in its 1st day. However, this is just a small technical concern that shouldn’t effect normal usage.
Dash VS. Bitcoin
Like many of the other cryptocurrencies out there, Dash claims to have solved some of the problems that Bitcoin has such as speed, financial privacy, and decentralized governance. The crux of their argument centers around the aforementioned Masternode technology which acts as a “government” for the commodity and helps to decide on its future structure, as well as the communication tool between Blockchain wallets and individual orders. This system includes all of the usual elements such as nodes and miners.
Anyone can run one of these if they possess a minimum of 1,000, a static IP address, basic RAM required, disk space, and bandwidth. Once functional, two separate types of transactions are performed with “InstantSend” bypassing traditional mining and simply needing validation from other Masternodes resulting in better speed. In addition, they facilitate “PrivateSend” making the undertaking absolutely untraceable by mixing people’s unspent balances with the transfer before initiating.
This all adds up to mean that the main difference between them is in the nodes.
Best USA Online Casinos for Dash
There’s one sole group of internet casinos currently accepting Dash but the good news is they’re one of the best in the business. The #1 recommended site in this category today is BetOnline who welcomes all of the most popular coins and has tremendous products available.
Their other two brands of Wild and SportsBetting.ag ensures there are a few different options available for gambling with crypto and easily using it to make online wagers on sports or table games. Yes – these are the only three operations in the USA who are taking it at the moment, however, check back here later because we constantly update our information as things change.