How to Buy Dai (DAI)

Learn all about Buy Dai

Dai (DAI) a cryptocurrency based on the bnb, is currently attracting significant interest in the crypto market. As the Dai ecosystem expands, it has established a notable presence within the ethereum-ecosystem sector. More and more people are becoming interested in Dai. They wish to invest or purchase Dai (DAI), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing Dai. Regardless of your location, Bitrue can provide you with a simple and secure way to buy DAI.

Where and how to buy Dai

When it comes to purchasing Dai (DAI), users may focus on various factors, such as cryptographic wallets, on-chain protocols, and other complex operations. Fortunately, Bitrue exchange allows you to buy Dai in a simple and quick manner. Just register through the official website or app, verify your identity, set up your payment methods (such as credit cards/debit cards/bank transfers), or deposit cryptocurrencies to your Bitrue wallet for spot trading. The purchased DAI will be stored in your crypto wallet account to ensure asset security. Below is a step-by-step guide on how to buy Dai (DAI) through Bitrue.

Steps to Buy Dai (DAI)

Step 1 Create a Bitrue Account

- Register through the official website, Bitrue.com.
- Download the Bitrue App and complete the registration process.
After successfully registering your Bitrue account, follow the security prompts on the website or app to enable Google 2FA for account dynamic verification.

Step 2 Complete KYC Verification

Visit the identity verification page on the Bitrue official website or app, select your country or region, upload valid identification documents, and submit a selfie. Once the identity verification is successful, you will receive a notification.

Step 3 Choose the method to Buy Dai (DAI)

Buy Dai Over-the-Counter (OTC)
- 1. Click on "Quick Buy" on the Bitrue official website or app. Choose "Credit Card" or "Bank Transfer" as the payment method.
- 2. Note: Purchasing Dai (DAI) using "Credit Card" or "Bank Transfer" on Bitrue requires user identity verification. Please provide identity verification documents as per our platform's instructions.
- 3. Select Dai (DAI) from the list of cryptocurrencies.
- 4. Enter the quantity of DAI you wish to purchase.
- 5. Connect your credit card or bank account.
- 6. Confirm and complete the payment process.
- 7. Transaction completed.
Buy Dai through Spot Markets
- Note: Currently, the most popular Dai spot trading pairs include DAI/USDT and DAI/USDC. Before purchasing Dai (DAI) in the spot market, please ensure that your Bitrue wallet has a sufficient amount of cryptocurrencies (e.g. USDT, USDC). If your account does not have enough cryptocurrencies, you will need to recharge your Bitrue account.
- 1. Click on "Trade" -> "Spot" on the Bitrue official website or app.
- 2. Select Dai (DAI) from the list of cryptocurrencies.
- 3. Enter the quantity of DAI you want to purchase, either at the market price or set a target price for buying Dai.
- 4. Confirm the purchase order.
- 5. Transaction completed.
- If Bitrue exchange currently does not support the above methods for purchasing Dai (DAI), users can only deposit DAI assets into their Bitrue accounts through a cryptocurrency wallet or choose a decentralized exchange (DEX) that supports DAI trading pairs for purchasing.

Step 4 Successful Purchase

The purchased Dai assets are stored by default in your Bitrue cryptocurrency wallet or trading account. You can use Bitrue to trade other cryptocurrencies, stake for passive income, or withdraw it to an external Dai cryptocurrency wallet.
Note: If you have not received your Dai (DAI), visit the help center or contact online customer support for assistance.

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Alternative methods to acquire Dai

Apart from directly buying Dai (DAI), what are the alternative methods to acquire Dai ?

Fixed Auto-Investment in DAI

Regularly invest a fixed amount at scheduled intervals in Dai (DAI) digital assets, enjoying both short-term returns and long-term benefits.

Staking DAI

Flexible staking of Dai (DAI) digital assets to earn interest or high returns in other cryptocurrencies.

Get Dai (DAI) for free

If you have enough time, you can obtain Dai for free through the following methods:

- Invite friends to join the Bitrue coupon event and earn free Dai (DAI).

- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free Dai.

- All cryptocurrency airdrops and rewards can be exchanged for DAI through coin-to-coin exchange or spot trading.

How to keep your Dai safe and secure

Once you have purchased Dai, it is crucial to store it in a secure location. Bitrue is a secure, transparent, technologically stable, and user-friendly cryptocurrency exchange. Bitrue allows you to store Dai and other digital assets in the encrypted wallet of your platform account, enabling you to trade, deposit, and withdraw anytime, anywhere.

If you are highly familiar with operating on-chain Dai wallets, you also have the option to store Dai (DAI) separately in a personal encrypted wallet. This wallet serves to keep your Dai secure and accessible, allowing you to send and receive it while maintaining control.

To ensure the security of your Dai, consider the following types of encrypted wallets:

- Mobile Wallets: Store your private key in an application on your smartphone.

- Web Wallets: Third-party-controlled online servers that store your private key.

- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.

- Hardware Wallets: Physical devices for offline storage of private keys.

Note: Cryptocurrency wallets do not technically store your Dai encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.

Why Bitrue is the Best Platform for Buying Dai (DAI)

User-friendly Interface

Trading cryptocurrencies on Bitrue is a breeze, requiring just a few simple steps to instantly purchase Dai.

Swift Deposits and Withdrawals

Our efficient real-time trading system ensures your Dai assets are instantly depositable and withdrawable.

Security and Stability

With dual-factor authentication, multi-signature support, and cold-hot wallet segregation technology, we ensure the systematic security of Dai.

Get DAI with Bitrue

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Some market stats about DAI

Price Analysis

DAIDai Price Now:

$1+0%24H

Dai is rising this week.

The price of Dai has increased by 0.06% in the last 7 days. It has seen a 0.06% increase in the past 24 hours and a 0% increase in just the last hour. The current price is $1 per DAI. Dai is dropped -9.86% from its all-time high of $1.11.

Buy Dai Now

Sandbox Testing

Calculate the Returns on Your Dai Investment

How much profit would I have if I bought $ worth of Dai in

Calculate

Returns based on the average Dai price for that year. Not financial advice.

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FAQ About Buy Crypto

What is Dai?

Dai (DAI) is a cryptocurrency and operates on the Ethereum platform. Dai has a current supply of 6,474,952,202.474523 with 6,474,951,713.635377 in circulation. The last known price of Dai is 1.00123474 USD and is up 0.08 over the last 24 hours. It is currently trading on 415 active market(s) with $1,093,505,897.69 traded over the last 24 hours. More information can be found at http://www.makerdao.com/.

How many Dai are there in total?

The total supply of Dai is 5,365,382,702 and the Circulating Supply is 5,365,382,702 .

Why are people buying Dai?

People buy Dai for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, Dai serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing Dai include investment, risk diversification, and trust in new digital assets.

Where is the preferred place to buy Dai?

Bitrue exchange, with its secure and stable platform, user-friendly interface, low fees, and high liquidity, stands as the best exchange for millions of users to purchase DAI.

Should I buy Dai?

Deciding whether to buy Dai depends on individual financial goals, risk tolerance, and understanding of the digital asset market. Dai investments involve market volatility and risks, so it's advisable to thoroughly understand its characteristics and market conditions before purchasing. If you have investment experience, can withstand price fluctuations, and are willing to accept potential losses, buying Dai (DAI) may be a suitable investment choice. However, remember that all investments come with risks.

Can I use cash to buy Dai?

Generally, buying Dai digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.

How much does it cost to buy 10 DAI?

To purchase 10 DAI, the cost in USD would be $10.005.

What are the fees for buying Dai?

Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies here.

How to use Apple Pay to buy DAI?

Currently, Bitrue does not support purchasing DAI or adding fiat currency using Apple Pay.

How to use Google Pay to buy DAI?

Currently, Bitrue does not support purchasing DAI or adding fiat currency using Google Pay.

How to use Paypal to buy DAI?

Currently, Bitrue does not support purchasing DAI or adding fiat currency using Paypal.

What can I do with Dai?

You can use Dai to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.

How to sell my Dai?

If your Bitrue wallet does not hold Dai, you need to deposit DAI into your Bitrue account. If you already have DAI, log in to your trading platform account, find the Sell option, usually located on the OTC or market trading page. Enter the quantity of DAI you want to sell, select the selling price, confirm the sell order, and once your DAI is successfully sold, you can withdraw funds to your set bank account or other payment methods.

Can I purchase Dai (DAI) worth 1 US dollar?

In theory, Dai (DAI) can be divided into many units of 1 US dollar each, but on Bitrue, the minimum order amount for DAI is 10 US dollars.

Disclaimer

Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.

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