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What is the difference?

Exchange Dash to Binance Coin

What do you need to know?

  • ­ The average time for exchanging DASH to BNB is from 2 to 6 minutes
  • ­ You need 1 confirmations of the Dash blockchain for the exchange
  • ­Memo is the BNB payment ID. If you need it when sending a transaction, be sure to include it

Dash is one of the most popular currencies with increased anonymity.

Dash is a blockchain-based cryptocurrency, the distinguishing feature of which is the use of the mechanism for increasing transaction confidentiality, developed in 2014 by Evan Duffield. Initially, the currency was called "XCoin", and after testing and introduction to the masses, it was renamed to "Darkcoin". The current name "Dash" cryptocurrency received in March 2015.

Dash Blockchain Transaction Processing Speed

DASH has an Instant Send feature — this development allows payments to be made in seconds. Cryptocurrency exchange using the new technology is slightly more expensive than usual, but this is offset by an accelerated transaction processing mode.

The average formation time for a new block is approximately 2.5 minutes, which is four times faster than on the Bitcoin network.

Dash network fee

The average fee of the network depends on the type of transaction, but on average according to the data for 2019 was $0.0007, which is also an advantage of this cryptocurrency.

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Binance Coin (BNB) — Binance Exchange Token

The BNB Coin cryptocurrency was released through an ICO that took place in July 2017. As a result, they raised $15 million. Binance Coin was created as an ERC20 token and originally worked on the Ethereum blockchain. But in 2019, the coin "moved" to its own blockchain. The ERC-20 standard is still adopted by the Binance exchange.

What is a Memo and do I need to specify it?

There is an additional Memo field when submitting Binance Coin. Memo is the ID of the payment. It is unique, and with its help the service identifies the sender and recipient. Many services have address protection, which does not allow transactions without Memo.

If it happened that you forgot to specify the Memo or specified it incorrectly:

  1. Check if the transaction went through. To do this, you can use the explorer.binance service.
  2. If the transaction is not confirmed, write to our technical support. We will help you resend it.
  3. If, nevertheless, the transaction went through, then, unfortunately, we will no longer be able to help. In this case, you should write to the technical support service of the service to which you sent it.

Binance Coin Blockchain Speed

BNB is considered to be a fast blockchain. The transaction is confirmed in a few seconds.

exchange in 3 easy steps

  1. Enter the desired amount of Dash and write your wallet address to receive currency.
  2. Click the "Exchange now" button and you will be taken inside your order.
  3. Send Dash to the address from your order, after the required network confirmation, Binance Chain will be sent instantly.