How to Create a Dash Wallet | Step-by-Step Guide
Create a secure and convenient Dash wallet in just 4 easy steps on Guarda — the world’s leading provider of non-custodial cryptocurrency storages. In this detailed guide, we will explain to you how to choose and set up a new wallet for Dash step by step.
What is Dash cryptocurrency?
Dash is an altcoin that forked from the Bitcoin protocol in January 2014. Originally named Xcoin by Evan Duffield, the new cryptocurrency became subject to pump and dump speculation soon enough. Thus, it was reissued as Darkcoin but again got famous in a bad way for being used on darknet markets. In order to improve the situation, the coin was rebranded one more time as Dash (a portmanteau of “digital cash”) and by the middle of 2016 had finally cleared its reputation.
With its simplicity and micro fees, Dash was designed precisely for multiple instant payments made on a daily basis. It’s also possible to perform ultra-secure private transactions which are completely untraceable. Now Dash offers its service as a payment method both for individuals and businesses being one of the top cryptocurrencies in terms of market capitalization.
Dash (DASH) price on CoinMarketCap.
How to store and manage Dash?
Like any other cryptocurrency on its own blockchain, Dash should be stored in one of the dedicated wallets. Being a wide-spread and popular digital asset, it attracts much attention of the developers, and thereby the wallet choice becomes quite challenging. The Guarda team conducted a research in the field and prepared for you a helpful check-list. Follow the points mentioned below to simplify the process and make the right decision.
Concentrate on security
As well as fiat currency, crypto should be stored securely. This is the main rule. Talking of software wallets, we strongly recommend you to take only custody-free ones. In comparison to custodial storages, non-custodial wallets appear to be more reliable since they never keep or share with any third-party services the user’s personal data or private keys. Thus, you’ll be the only person who can access the funds and manage the backups. Being in charge of your own money is essential, isn’t it?
Mind the update frequency
When it comes to digital products and financial services, constant development equals security. In order to preserve your crypto assets, try to find a rapidly evolving wallet. All the new features, updates, bug fixes and other improvements are usually announced by the team. Check the wallet’s official website, social media pages and community chats if you’re looking for this kind of news. Thus, the long silence won’t be a good sign, obviously. In this case, go and find another variant.
Read the wallet reviews
Don’t underestimate user feedback. Comments and reviews left by strangers can help you to evaluate the trustworthiness of the wallet, understand its special features and find out all the pitfalls beforehand. Look for this kind of content on the dedicated pages of App Store and Google Play (for mobile applications), as well as on specialized review platforms like Trustpilot and CryptoCompare.
While exploring the user comments, pay attention also to the developer’s replays. Do the company representatives answer fastly and politely? Do they answer at all? If they don’t, you should get really suspicious and better go for another option.
Join the wallet community
It’s always better to be in a good company, right? Even if you prefer solitude consider joining the community of your wallet. Think of it rather as a source of information than as a social club. Experienced community members can solve most of the novice’s problems and doubts, they are ready to share their valuable experience and help to navigate in the vast amount of information floating around. In order to find such cryptocurrency enthusiasts, you can check the wallet’s Twitter, Facebook, Reddit, Telegram, Discord, Steemit and GitHub.
Start using your new wallet
If you went through the points listed above successfully, considered carefully all the variants with their pros and cons, and finally made up your mind, it is time to set up a new wallet. Follow the instructions from the next paragraph to create a wallet for Dash in just a few steps.
How to set up a Dash wallet?
It is fairly easy to create a wallet for Dash on Guarda. Its web, desktop (Windows, Linux, MacOS), mobile (Android, iOS) and Chrome extension versions fully support Dash along with 40 more popular blockchains and their tokens. In this guide, we will explain to you how to get a web wallet step by step.
Create a Dash wallet by following these 4 steps:
- Click “Create Wallet” on the main page of Guarda Wallet website;
- Think of a strong password for your Dash wallet;
- Download the backup;
- Your Dash wallet has just been created!
Step 1. The button you’re looking for is situated in the upper right corner of the Guarda Wallet website. Once you’ll click it, you’ll be redirected to the welcome screen. Choose to create a new wallet again in order to proceed. If you would like to find some extra information on the Dash wallet you’re about to create, please, check the Web Wallet page.
Step 2. Making up a strong password for your new Dash wallet is essential. To protect your crypto assets properly, try not to repeat the same password you already use for some other services. Choose a combination of upper/lowercase letters, numbers and symbols. You can find some helpful information on cryptocurrency wallet passwords in our guide.
Step 3. Downloading your backup file and finding a safe place to keep it in is extremely important. You can only log into your Dash wallet with a combination of Guarda wallet backup and the wallet password. As we already mentioned, all Guarda wallets are non-custodial. Hence, the company doesn’t store your backups and cannot access them. Due to this, we won’t be able to restore them in case of loss. Please, make sure to save your backup file and never share it with anyone.
Step 4. Your new wallet for DASH is all set up! Now you can manage Dash assets safely and smoothly with all the features that the Guarda team has prepared for you. Enjoy!