Cryptocurrencies

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Where to buy Dai? How to buy and sell Dai?

1inch, Uniswap, and Sushiswap allow Dai purchasing through decentralized exchanges with the requirement of a non-custodial wallet.

Oct 03, 2024 at 08:00 pm

Where and How to Buy, Sell, and Store Dai

1. Where to Buy Dai

Cryptocurrency exchanges: Binance, Coinbase Pro, Kraken, Gemini
Decentralized exchanges: Uniswap, Sushiswap, 1inch (note: decentralized exchanges require a non-custodial wallet)
Peer-to-peer marketplaces: LocalBitcoins, Paxful, Bisq

2. How to Buy Dai

Using a cryptocurrency exchange:

Open an account on the chosen exchange.
Fund the account with fiat currency or other cryptocurrencies.
Navigate to the Dai trading pair and place a buy order.

Using a decentralized exchange:

Set up a non-custodial wallet like MetaMask or Trust Wallet.
Transfer ETH or other cryptocurrencies supported by the DEX to the wallet.
Connect the wallet to the DEX and launch the swap feature.
Select the ETH/DAI or DAI/ETH trading pair and enter the amount of DAI to purchase.

Using a peer-to-peer marketplace:

Find a seller on the chosen marketplace.
Agree on a price and payment method.
Transfer the payment and receive Dai from the seller.

3. How to Sell Dai

The process of selling Dai is similar to buying it, but in reverse order.

4. How to Store Dai

Dai can be stored in the following places:

Hardware wallets: Ledger, Trezor, SafePal
Non-custodial software wallets: MetaMask, Trust Wallet
Custodial wallets: Exchange accounts (not recommended for long-term storage)

Tips for Buying and Selling Dai:

Use reputable platforms with low fees and high liquidity.
Consider market conditions and place orders accordingly.
Set limit orders to avoid slippage and get the best possible price.
Store Dai securely in a reputable wallet.

Disclaimer:info@kdj.com

The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！

If you believe that the content used on this website infringes your copyright, please contact us immediately (info@kdj.com) and we will delete it promptly.

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