Simple Guide to the Best Dash Wallets in 2024
Listed as one of the top 20 cryptocurrencies on the market, Dash has many followers and the interest toward it is increasing respectively with the constantly growing crypto industry. The equation is simple if the interest is growing, the audience is expanding, that leads to higher user demands and that brings the competition factor. Nowadays there are many wallet providers with different features and specifications. My job here is to clear the road of uncertainty for you and bring clarity around the question “Which are the best Dash wallets”. If you are looking to find more about the Dash wallets and their specific features, you are at the right place.
01.The Best Dash Wallets
I know how hard is to find relevant information online that’s why I decided to gather the data here. So, for you, it won’t be necessary to waste countless hours searching through the web for the correct answers, as you can find them here. Let me begin with the wallets I find most suitable and useful, let’s say “the best Dash wallets”. In the table below, you will find detailed Dash wallet reviews and please, do not hesitate to click the buttons if you want to explore additional information.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Dash Core Review |
DASH only |
– HD Wallet – Block Production – Masternode Control |
Download | |
| Full Exodus Review |
25 Coins 79 Tokens |
– HD Wallet – Built-In Exchange – Fiat Gateway |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
– HD Wallet – Open-source – Third Party Wallets and Service Integration |
See Pricing | |
| Full Trezor Review |
50+ Coins 1000+ Tokens |
– HD Wallet – Offline Storage – Third Party Wallets and Service Integration |
See Pricing | ||
| Mobile Wallets | Full Dash Wallet Review |
DASH only |
– HD Wallet – InstantSend – QR/NFC Scanner |
Download | |
| Full Jaxx Liberty Review |
14 Coins 59 Tokens |
– Built-in Exchange – HD Wallet |
Download | ||
| Web Wallets | Full Guarda Review |
40+ Coins 1000+ Tokens |
– Built-in Exchange – Fiat Gateway – Built-in Asset Swap |
Visit Website | |
| Full Magnum Wallet Review |
40+ Coins 1000+ Tokens |
– Built-in Exchange – Custom Fees – QR Scanner |
Visit Website |
Complete List of Dash Wallets
For those of you who prefer to analyze all wallets before taking any final decision, I have prepared another table with the full list of the available Dash wallets. Don’t forget that all wallets share the same goal, to help you access, send or receive digital currencies and their derivatives. Their features are the factor which makes difference, I will stop right here because it best to examine the wallets first and then I will explain more about the specific features which are widely recognized.
| Name | Type | Compatibility | Supported Coins | Features | Key Features |
|---|---|---|---|---|---|
| Dash Core Dash Core | Desktop |
DASH only |
Passphrase |
– HD Wallet – Block Production – Masternode Control |
|
| Dash Wallet Dash Wallet | Mobile |
DASH only |
Pin, Fingerprint |
– HD Wallet – InstantSend – QR/NFC Scanner |
|
| Abra | Mobile |
20+ Coins 6 Tokens |
Pin |
– Built-in Exchange – Fiat Gateway |
|
| Atomic | Desktop, Mobile |
30+ Coins 1000+ Tokens |
Passphrase |
– HD Wallet – Atomic Swap – Fiat Gateway |
|
| BitGo | Web |
10 Coins 180+ Tokens |
Passphrase, 2FA |
– HD Wallet – SegWit Support – Multisig |
|
| Coinpayments | Mobile, Web |
80+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint |
– Fiat Gateway – PayByName feature – QR Scanner |
|
| Coinspace | Web |
9 Coins 1000+ Tokens |
Passphrase, Pin |
– Built-in Exchange – Location Based Transactions |
|
| Crypto Key Stack Wallet | Hardware |
– |
1000+ Coins |
– |
– HD Wallet – Cold Storage – Fireproof, Waterproof, EMP Proof |
| Dash Electrum | Desktop, Mobile |
DASH only |
Passphrase |
– HD Wallet – Multisig – Hardware Support |
|
| Edge | Mobile |
20+ Coins 1000+ Tokens |
Passphrase, Pin, Fingerprint, 2FA |
– HD Wallet – Built-in Exchange – Built-in Marketplace |
Hopefully, now you have an overall idea of which brands and wallet types will work best for you when you decide where to store your Dash coins. From my experience, I know that before you do make a decision, you need to overview all possible outcomes. To do that you need to ask yourself a few questions. Consider how frequently you are planning to use the wallet, maybe the mobile version will be the best fit for daily usage. Decide how often you will withdraw funds out of your account, some wallets have higher thresholds and that could be an issue if you want to do it regularly. And at last, think over the size of your investment, if you have in mind to stash large amounts of digital assets, choose a wallet with proper security or just purchase a hardware wallet.
02. Common Features of Dash Wallets
I want to draw your attention to the most common features of the Dash Wallets and explain a bit more about each one of them. As many other cryptocurrencies, Dash places the accent over the privacy factor. The PrivateSend and InstaSend will give you the opportunity to send coins instantly and absolutely privately. The validation of each transaction on the network is handled by the Dash Masternodes, they mix the user`s unspent coins before executing a transaction, making them untraceable. Another common feature for all wallets in general, is the HD (Hierarchical Deterministic) wallet, providing a code of words called “seed” used to recover the account in case of hostile security breaches.
Security and Privacy
While speaking of security and privacy I realize that this is a delicate subject because of the digital origin of those currencies. Most people are concerned about the safety of their funds. Realistically, there is always a chance to breach your computer`s or phone`s security and get access to your personal data. From all possible features, I want to start with 2FA, standing for Two-Factor-Authenticator. This is usually a mobile application which is playing the role of an extra security layer over your account. Every time you log in, you need to fill a 6-12 digits number which is displayed on your phone, the trick is that the code is changing every 30 seconds. Another useful tool is the “Passphrase”, each time you perform a transaction the system will require a passphrase to double confirm that you are the owner of the wallet.
Hierarchical Deterministic (HD)
The HD feature means that the wallet has a master seed phrase that you need to make sure not to forget or loose. You can create pairs of keys for every transaction and if something happens to the wallet you just need to restore the master seed. Wallets that are HD are Dash Core, Exodus and Jaxx Liberty.
InstantSend
InstantSend allows you to instantly send a transaction. Meaning that the user that receives the coins can immediately spend them without needing to wait several block confirmations.
Secure Dash Wallets To Consider
Dash Wallet for Masternodes
All final decisions and the governance, in general, are managed by the decentralized autonomous organization of Masternodes. They perform different functions while keeping a full copy of the blockchain on their hard-drive and assist miners in their daily activities by validating the transactions. Additionally, they appear as shareholders, owning the right to vote on improvement proposals or changes in the Dash ecosystem. To be a Masternode is required to possess 1000 DASH and to set up a machine strong enough to meet the minimum CPU, RAM and HDD requirements. Also, you will need a proper internet provider and a static IP address to run the Masternode smoothly. The rewards of each newly found block are distributed between miners, Masternodes and development, while 10% only is for development and the rest 90% is split between the others. I almost forgot, you must have in mind that you can run Masternode only with the official Dash Core wallet, all other could be used but not for that specific purpose.
Transaction Fee Management
The truth is that nobody likes to pay fees that’s why it best to seek for the lowest ones if possible. Have in mind that using PrivateSend is more expensive, roughly 0.0001 DASH, while the normal fee is 0.00001 DASH. After the recent change to the consensus, transactions are automatically sent with InstantSend, as it’s now the default input for the network. The catch however, is that you can only use it for up to 4 transactions per block. If you want to include more, there’s a fee.
Some wallets like Dash Core are with recommended fees but can also be adjusted manually. Jaxx wallet offers the same but without the option to amend or adjust them, you can only choose between the options in front of you. Also, with most web wallets, the fees are predetermined and again you cannot change anything manually.
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full Control | The wallet shows the recommended fees and you can adjust them manually | Dash Core |
| Partial Control | These wallets allow you to adjust your transaction fees based on their “recommended” fees. | Jaxx |
| No Control | These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. |
03.FAQ
-
Can I make an instant transaction with any wallet?
Most wallets which support DASH should have InstantSend set as default.
-
What are the advantages of setting a Masternode?
The monetary incentives which you receive as a Masternode are 45% of each the block reward, you will generate more income from the fees collected from PrivateSend. Apart from that, you will be able to participate actively in votes for future improvements.
04.About Dash
Dash appears to be one of the many cryptocurrencies forked out of Bitcoin protocol. It was launched in January 2014 with the name “XCoin” by Evan Duffield. At its early stage, it was quite often subject to pump and dump attacks. Later on, it was rebranded as Darkcoin, that was not a great move because the media interpret that as proof that the coin is used mainly in the dark web. On March 2015 the name changed to DASH, standing for “Digital Cash”. A year later, in 2016, Dash was no longer associated with dark markets.
Dash is an open source altcoin presented as a decentralized autonomous organization (DAO), coordinated and maintained by a subnetwork of users called “Masternodes” and “Miners”. Masternodes receive 45% of each block reward, while the other 45% is dedicated to the miner and the rest 10% for DAO investments. The coin went through many stages and struggles but after Mr. Duffield and his team were involved in the business incubator at the Arizona state university, they successfully showed all crypto supporters that DASH is not a scam but exactly the opposite, it is a great investing opportunity.