Dash Overview
![dash logo new]() |
| Payment Method Type | Cryptocurrency |
| Year Founded | 2014 |
| Headquarters | Scottsdale, Arizona, USA |
| Countries Available | 184+ |
| Revenue | $18 Million+ (Estimated revenue of Dash Core Group, the main developer of Dash) |
| Total Number of Merchants | 200,000+ |
Introduced in 2014 as Xcoin and later rebranded to Darkcoin, Dash finally settled on its present name in March 2015.
Designed with an emphasis on user privacy and anonymity, its whitepaper, co-authored by Evan Duffield and Daniel Diaz, takes inspiration from the seminal work of Bitcoin's founder, Satoshi Nakamoto.
By August 2021, Dash's market capitalization soared to $2.6 billion, ranking it as the world's 50th most valuable cryptocurrency, with each unit priced at $251.68.
Keep in mind
Cryptocurrencies are still in their nascent stages and may be subject to increased regulatory oversight in the future. I strongly recommend exercising due diligence and caution when engaging in such transactions.
You can download and install the DashDirect app on your desktop, or on your Android or iOS device. With access to over 155,000 in-store merchants and over 125 online retailers in the U.S. alone, it offers extensive options for shoppers and casino gamers alike.
More About Dash Casinos: Countries Available, Fees, Withdrawal Timeframes
In 2017, Dash was incorporated into the Uphold cryptocurrency platform. This integration extended Dash's accessibility to 94% of the global market, or 184 countries.
Uphold, a U.S.-based digital money platform, allows its customers to purchase Dash directly through bank transfers within the U.S. and SEPA within the E.U.
Additionally, customers can convert from over 30 supported fiat and cryptocurrencies and send funds to any active email address.
Dash gained significant traction in Venezuela, becoming the most utilized cryptocurrency in the country in 2019.
Fees
During my casino escapades in the USA, I found Dash payments swift and simple. Dash commissions are extremely low, even less than a cent per transaction.
Keep in mind
A standard transaction incurs a fee between $0.0002 and $0.0004.
A normal transaction on the Dash network takes about two and a half minutes. If you do not want to wait that long, you can switch to the InstaSend feature, which enables users to make transactions, well, instantly.
However, a fee of 1-2 cents applies per transaction.
Read the full documentation to learn about Dash’s pay schedule.
Withdrawal Timeframe
Once funds are available for withdrawal, you can send Dash from your casino account to your wallet in 1-2 seconds.
Various platforms and services facilitate the conversion of your online casino earnings to and from Dash. The withdrawal timeframe may vary depending on which platform or service you are using.
Uphold, for instance, enables immediate auto-conversion of deposits to and from Dash.
Bitwage allows users to invoice and receive global payments, with the option to instantly convert a percentage of these earnings to Dash. Users can then transfer their funds to any Dash wallet for spending or saving.
For more fluid access to funds, you can also use debit cards. These cards can be preloaded with Dash, which can then be withdrawn from ATMs or used for online transactions.
However, due to the changing regulatory landscape surrounding cryptocurrencies, the availability of Dash-enabled debit cards may vary across regions. If debit card withdrawal is not an option in your region, consider choosing from the alternatives below:
- Spend: Their Visa cards, available in Simple, Preferred, and Black variants, are accepted at over 40 million locations. Linked with the Spend Wallet, users can deposit or buy Dash, which then gets converted to local currency for use.
- Crypto.com: Within the Crypto.com Wallet & Card App, users can purchase Dash without additional fees using credit cards or bank transfers. Their MCO Visa card also supports Dash, allowing easy conversions to fiat for spending at over 40 million global merchants.
- PolisPay: The PolisPay Card offers a seamless method to convert Dash to fiat. Compatible with MasterCard vendors, it can be used for online shopping, in-store purchases, and ATM withdrawals.
- Bitsa: Their prepaid card is versatile, usable for online and in-store shopping, ATM withdrawals, and transfers. It can be topped up via the app using various methods and isn't tied to a bank account.
Check out the complete list of available options for withdrawal.
How to Use Dash at Online Casinos
Dash allows casino players to send and receive funds fast, securely, and with tiny fees. Dash and similar digital currencies have obvious advantages such as fast transaction speed and low fees, but diving into this new digital money world can feel a bit tricky at first.
Here’s how to use Dash at an online casino:
- Open an Account on a Crypto Exchange
These are online exchanges where you can buy Dash using regular money like dollars or euros. Some of the best places to buy Dash include Binance and Coinbase.
They'll ask for basic details like your name, address, and a photo of your ID. They also have mobile apps that are secured with an extra security step.
There's a small fee when you buy Dash (around $0.0002 per transaction).
- Get a Dash Wallet
Think of this like your digital wallet where you keep your Dash. The Dash Wallet is made for easy payments.
You can find a selection of mobile wallets, desktop wallets, paper wallets, hardware wallets, web wallets, and SMS (text) wallets on the Dash website. From there, you can navigate to the respective websites or app marketplaces to download your preferred wallet.
- Move Your Dash to Your Wallet
Your digital wallet comes with a unique alphanumeric address (a mix of letters and numbers).
Set up your wallet and swipe to access the sending or receiving screens for Dash. To send Dash, either scan a QR code or use the 'Pay Address from Clipboard' option. If needed, manually input the Dash amount. Finally, confirm the details using your PIN or TouchID.
- Choose an Online Casino
Now that you have Dash in your wallet, choose where you want to play online games from the list above.
- Deposit Your Dash
Go to the casino site's payment section, choose Dash, and follow the instructions. They'll ask for your wallet address and how much Dash you want to put in.
To enjoy your winnings, simply proceed to the 'Cashier' and initiate a withdrawal in the same way.
How Are Claims and Disputes Resolved?
Dash has a 3rd party arbitration system for disputes in place, which in my opinion is pretty straightforward. Here’s how it works. Let’s say there’s a casino player named Charlie who uses Dash and Bob is the name of the casino operator accepting payments via Dash.
Charlie wants to make a casino deposit. Since they don't trust each other, they decide to use an escrow contract. Think of it like a locked box: Charlie puts his money in, but both he and Bob need keys to open it.
Keep in mind
An escrow contract is like a safety deposit box where both a buyer and a seller put their money or item. Both parties need to agree before anything can be taken out. It's a way to make sure both sides are happy with a deal before the money or item changes hands.
This way, Bob can't take the money unless Charlie gets the credits to spend at the casino, and Charlie can't have his casino credits until Bob confirms receiving the funds.
If there’s a dispute, Alice comes in as an arbitrator. They change the locked box so it needs two out of three keys to open - Charlie's, Bob's, or Alice's.
If everything's good, Charlie and Bob can open it together. If there's an issue, Alice can step in, listen to both sides, and decide who gets the money.
This escrow contract follows Arizona's laws. Before considering other ways to solve disagreements, both parties must try mediation with a chosen mediator (Alice in this case).
If you are unsatisfied with the verdict of the mediator, you can always escalate the matter according to the US state’s regulations. For more information, visit the Dash.org Terms and Conditions page.
Security and Fraud Prevention
Dash prides itself on its robust security protocols. Building upon the foundational blockchain technology, Dash employs unique masternodes, ensuring rapid transaction times while guaranteeing user data's security.
What are Masternodes?
Masternodes host full copies of the blockchain. This prevents cyber attacks and facilitates advanced functions such as InstantSend and CoinJoin. Masternode administrators also receive rewards for helping secure the blockchain.
Dash's ChainLocks function uses its masternodes to shield the network from chain-reorganizations, effectively warding off 51% attacks.
Once a block is ChainLocked, no other block can invalidate it, allowing services to credit user deposits without waiting for multiple block confirmations.
With features like InstantSend and PrivateSend, users can execute transactions with an added layer of anonymity.
Conclusion: Should You Choose Dash Casinos?
In my opinion, the unique features of Dash, especially in transaction speed and security, make it a great choice for online casino enthusiasts.
Its heightened security powered by blockchain technology, combined with fast transactions and low fees, makes it an appealing choice for both beginners and seasoned gamblers.
However, as a casino player, you should always be informed and exercise caution, ensuring you are playing at reputable online casinos only
