Dash is one of most popular cryptocurrencies in the world. 24Option has recognized that and has offered their traders opportunity to trade Dash options. Dash has seen meteoric rise during the last two months of 2017. Why is Dash coin so popular? How 24Option Dash trading works? Why to trade Dash options rather than Dash itself? This and other questions we answer in the text below. Keep on reading!
24Option Dash Trading – What Is Dash And Why Is It So Popular?
Dash along with some other altcoins, such as Monero or Zcash offers very important thing to its traders – anonymity. Anonymity is major feature of Dash, that’s what makes it so popular. By the end of the last year there was talk about taxing the cryptocurrency investment. Concerns rose that South Korean government will impose taxes on gains from cryptocurrency trading. Every time rumours like appear anonymity coins gain a lot in value.
Governments around the world are imposing increasingly strict Know Your Customer (KYC) and Anti-Money Laundering (AML) policies and systems on local cryptocurrency exchanges. This makes it impossible for traders to purchase any cryptocurrency without being identified and verified as cryptocurrency traders.
This is where Dash steps in. Although traders can’t avoid being identified on the initial transaction processed on regulated exchanges but from that initial buy of Dash coin anonymity is guaranteed. All trader needs to do is to pull back Dash coin from the exchange to private wallet. You can use Dash to make any kind of transaction from your wallet completely anonymous.
Dash price movement over pas 120 days
24Option Dash Trading – Why To Trade Options Rather Than Dash Itself?
Because cryptocurrency market is very volatile. We witness every day violent swings, where prices surge upward and then hours later fall down beneath the support level. Trading cryptocurrencies is not for faint hearted. Volatility is quite easy to overcome if you don’t trade cryptocurrency itself, but cryptocurrency option. When you trade options you actually trade price movements. So you can make money whether the price goes up or down. All you need to do is to predict movement and buy right option. If you are looking for more info how to trade on volatile markets here is interesting article.
Trading Dash coin can make you profit, but first you must be able to survive periods of falling prices without a panic, then you need to wait for price to rise in order to secure decent return. This is great, but it can take months or years… Trading options can give you nice returns, sometimes even above 60% on daily basis. Plus you can make money even if Dash loses value.
24Option Dash Trading – Conclusion
If you know about cryptocurrencies, if you are following developments around Dash you can turn your knowledge and experience into more much more easily by trading Dash options rather than Dash itself. If you are holding certain amount of Dash, options can serve as great hedging instrument. Don’t miss out on this opportunity to make money. Click on the button below the text to create free account at 24Option and start trading. Good luck!