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.
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.
FAQ About Buy Crypto
What is Dai?
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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?
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The total supply of Dai is 5,365,382,702 and the Circulating Supply is 5,365,382,702 .
Why are people buying Dai?
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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?
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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?
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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?
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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?
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To purchase 10 DAI, the cost in USD would be $10.003.
What are the fees for buying Dai?
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Bitrue offers the lowest fees across all cryptocurrencies. Check the fee rates for all cryptocurrencies
here.
How to use Apple Pay to buy DAI?
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Currently, Bitrue does not support purchasing DAI or adding fiat currency using Apple Pay.
How to use Google Pay to buy DAI?
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Currently, Bitrue does not support purchasing DAI or adding fiat currency using Google Pay.
How to use Paypal to buy DAI?
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Currently, Bitrue does not support purchasing DAI or adding fiat currency using Paypal.
What can I do with Dai?
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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?
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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?
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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.