Dash is a native token of the network of the same name. It is a decentralized cryptocurrency aimed at providing fast and anonymous payments. In the conditions of instability of the Russian currency exchange rate, a popular direction is dash in rubles. There are various ways to buy and sell a token, including without verification and AML checks.
Dash: digital cash for the modern world
The token appeared in January 2014 under the name XCoin. It was renamed in March 2015. The initial goal of the project was to increase anonymity and transaction speed compared to BTC.
It is a two-tier network:
- The first level is nodes for processing and verifying transactions. The Proof-of-Work consensus mechanism is used.
- The second level is masternodes or main nodes. They support the network, providing maximum anonymity and high speed of transactions. Masternodes receive a reward for participating in network support.
To ensure instant confirmation of transactions, the Instant Send function is used, which allows transactions to be made with a minimum confirmation time (1-2 seconds). For classic tokens, the completion of an operation can take up to several hours.
Complete anonymity of transactions is ensured by the PrivateSend function, implemented in the Dash cryptocurrency. This mechanic mixes transactions of some users with others. This makes tracking financial flows almost impossible, creating the maximum level of privacy. The process works according to the following algorithm:
- The incoming transaction is split into standard denominations (0.01, 0.1 1 and 10 Dash);
- The masternodes receive information that the user wants to mix a certain denomination;
- A mixing session is launched, during which the payment information is mixed;
- The process is duplicated with each denomination.
Legal and tax aspects of exchanging Dash for rubles
In Russia, cryptocurrency is still not recognized as a means of payment. It cannot be used to pay for goods and services. However, there is no direct ban on transactions with tokens yet.
Many exchanges and exchangers have a KYC (Know Your Customer) identity verification procedure. Making the first transaction on many platforms requires the provision of personal data, i.e. undergoing verification. Requirements depend on the specific platform, most often you need to upload a photo of an identity document and a selfie with it.
Such measures are aimed at AML – anti-money laundering policy. Its goal is to exclude the possibility of using digital assets to circumvent sanctions and sponsor terrorism, drug trafficking and other criminal acts.
Ways to exchange Dash for Russian rubles via the SBP
There are 5 popular ways to exchange dash for rubles: anonymous exchangers, cryptocurrency exchanges, decentralized platforms, peer-to-peer markets and Telegram bots. Let’s look at the features of each of them.
Anonymous online exchangers
Such platforms do not require a verification procedure, users’ personal data does not appear anywhere. This allows clients from any jurisdiction, including those under sanctions, to make transactions. The key advantage of such platforms is the speed of transactions. Verification on some exchanges can take several hours or even days. The anonymous exchanger Barry 24 allows you to exchange dash for fiat in 2-3 minutes. Advantages:
- Small limits – you can exchange an amount from 3-4 dash;
- Russian-speaking support service;
- Support for popular payment systems.
Popular Dash exchange directions:
Exchange Dash to USD (VISA/MasterCard) without verification
Exchange Dash to Russian Ruble (SBP) without verification
Exchange Dash to MasterCard (EUR) without verification and verification
Exchange Dash to VISA-MasterCard (UAH) without verification and check
Exchange Dash to Payeer (RUB) without verification and check
Exchangers with KYC and AML
Unlike anonymous ones, such exchangers require verification. Without this, you will not be able to buy cryptocurrency. To confirm verification, services require a photo of your passport (or ID card) and sometimes a bank card through which you plan to exchange dash for rubles. Due to mandatory identification, buying and selling cryptocurrencies takes longer.
Centralized exchanges (CEX)
These are large platforms with huge capitalization. They offer exchange, sale and purchase of almost all types of cryptocurrencies. The most famous CEX exchange is Binance, founded in 2017. Comparison with online exchanger Barry 24:
- commission: lower, exchange rates are more favorable;
- speed: higher, thanks to automated exchange;
- quality of support: most exchanges do not work with residents of the Russian Federation;
- security: maximum, but not for residents of the Russian Federation;
- reputation: extremely high;
- minimum exchange amounts: high.
P2P services
P2P (Peer-to-Peer) is a decentralized network model in which participants interact directly with each other. Users conduct transactions with each other on terms that they determine themselves. The online platform acts as an intermediary and guarantor. Peer-to-peer platforms, as a rule, do not have mandatory verification and jurisdictional restrictions. Comparison with Barry24:
- commission: higher;
- speed: significantly lower;
- quality of support: average, may be absent;
- security: low, many fraudulent schemes are applicable in P2P trading;
- reputation: bad;
- minimum exchange amounts: low.
Telegram bots
Allow you to buy and sell tokens directly in the messenger. This is convenient, since you don’t have to waste time on registration. The internal Telegram wallet is used to transfer tokens. By all measures, Telegram bots are inferior to online exchangers and CEX exchanges. The main disadvantage is a bad reputation. Buying or selling cryptocurrency in TG is dangerous, since there are no guarantees and often not even a support service.
Step-by-step instructions for exchanging Dash for the Russian ruble via the SBP
As an example, let’s consider the exchange through Barry 24. On other platforms, the exchange process will look about the same. Action algorithm:
- Open the main page barry24.com;
- sеlect the exchange direction: send – dash, receive – SBP;
- Enter the number of tokens taking into account the limits;
- Indicate the phone number to which rubles will be sent to the bank;
- In the “Personal data” column, enter Telegram (a notification will be sent to it), email and a discount coupon, if available;
- Tick the box next to the item about agreeing to the rules, then click “Continue”.
- After a short delay, a page will open where you need to click the “Proceed to payment” button;
- The details will open in a new tab – the dash address for sending;
- Transfer the specified amount;
When Dash arrives to the wallet, the page will automatically refresh. All that remains is to wait until the funds are credited to the specified SBP account. This takes no more than an hour, usually 10-15 minutes.
Security when exchanging cryptocurrencies
There are many scam services created solely to deceive users. Several fraudulent schemes are used in peer-to-peer trading.
- Triangle. The fraudster places an ad for the sale of some product, user #2 expresses a desire to buy it. Instead of his own details, the attacker tells the buyer the details of user #1, who plans to buy cryptocurrency from him. The buyer of the goods transfers funds using them. User #1 receives money, sends tokens to the fraudster according to the order. As a result, the victim loses money.
- Fake payment screenshots. The scheme is designed for gullible users who do not check the transaction status.
- Chargeback: the attacker places an order, the victim agrees to the deal and receives payment details. When the time to close the deal runs out, he claims that the other party has not transferred the funds. Contacts the support service with a request for a refund..
Using services with a proven reputation reduces the risk of losing funds. Before each transaction, it is important to check the counterparty’s data, even if the exchange is carried out on a well-known platform. It is also important to choose services that guarantee the purity of the cryptocurrency, i.e. they confirm that the tokens were not involved in money laundering.
Commissions and exchange rate
Cryptocurrency exchange and purchase rates depend on the specific platform. They convert tokens at market value, adding their own markup to each transaction. It varies on different platforms, on average it is 0.2-1%. P2P platforms also charge a commission, as they act as an intermediary. On CEX exchanges, the commission consists of two parts:
- maker – the user who placed the order;
- taker – the user who executes the placed order.
Comparison of rates on different platforms allows you to find the most favorable conditions for exchange. In trading digital assets, the principle of “cheaper in bulk” sometimes applies. Often, the most favorable rates are offered by platforms with a high limit on the minimum exchange amount.
Withdrawal of rubles after exchange
You can transfer funds from a bank account connected to the SBP to almost any payment systеm: YuMoney, WebMoney, QIWI, etc. A commission may be charged for the transfer. Before the transaction, study the terms of the payment systеm.
Conclusion
Despite the ambiguous legislative status of cryptocurrencies in the Russian Federation, there are no obstacles to buying or selling tokens. You can sell dash for rubles through the SBP through exchangers, exchanges, TG bots and peer-to-peer platforms. The main thing is to choose a reliable platform and check the counterparty before sending funds.
The Barry 24 service supports most popular tokens. Offers the following advantages:
- Legality of tokens, the service guarantees the receipt of “clean coins” not previously involved in illegal schemes.;
- Complete anonymity of transactions, since there is no mandatory verification;
- There is a loyalty program for active users;
- Security guarantees – customer data does not fall into the hands of third parties, all transactions are protected by encryption.
FAQ
How to exchange Dash for rubles with withdrawal to a card without verification?
Exchange without verification is possible on platforms where the verification procedure (identity verification) is not applied. Specify the number of tokens and details for receiving rubles (or another currency). Transfer coins and wait for the funds to be received.
Where can I safely exchange Dash for rubles anonymously?
The best option is Barry24. The platform offers fast and secure transactions. Supports most popular moment and payment systems.
Is it legal to withdraw cryptocurrency to a card without verification?
In Russia, there are no restrictions or sanctions for cryptocurrency transfers. Whether to enter verification or not is at the discretion of the platform itself.
What are the risks of exchanging Dash without AML verification?
If the platform does not guarantee the purity of the tokens, there is a risk that they may not be accepted on the exchange or in other services. There is also a risk of becoming a victim of fraudsters if you use dubious exchangers.
How does a transfer through the SBP work when exchanging cryptocurrency?
After sending cryptocurrency to the exchanger’s address, its systеm records the receipt of funds. Then the systеm transfers rubles to the bank details linked to the specified phone number through the Fast Payment systеm (SBP).
What are the usual fees and limits for exchanges without KYC?
Limits for anonymous exchange are usually lower than on exchanges. The commission is usually included in the exchange rate. The current limits and the final rate are always displayed in the calculator on the exchange page.
How to maintain maximum anonymity when withdrawing Dash to rubles?
Use anonymous exchangers that do not require mandatory identification.
What to do if the money does not arrive on the card for a long time after the exchange?
If the receipt of funds is delayed, you should contact the service’s support service to clarify the transaction status. Transfers can take up to 48 hours, so do not worry. Sometimes delays occur due to the fault of banks.
