How to Buy Dai (DAI) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Dai and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Dai.
  2. Register a new account.
  3. Fund your account.
  4. Buy Dai.

These steps are simple if you know where to buy Dai cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Dai (DAI) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Dai Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations


We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.




of these exchanges sell Dai.

We then filter down the entire set of possible marketplaces to only the ones that have active DAI markets.




of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.




remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.


Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase Exchange

VISIT Coinbase Exchange Read Review
Reasons we ♥ Coinbase Exchange
Low fees
Educational incentives
Quick withdrawals
Bank Transfer (ACH)
Debit Card
Wire Transfer
Apple Pay
Google Pay
SGD Transfers
3D Secure Card UK
Easy Bank Transfer UK
Faster Payments UK
Instant Card Cashouts UK
PayPal UK

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Dai cryptocurrency.

You can buy Dai on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Dai (DAI)

After registering and funding your account at , you should be able to buy Dai after your deposit finishes processing. After you receive your DAI, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Dai Exchanges

Dai is also available on these exchanges:

coinbase pro
Coinbase Exchange

Frequently Asked Questions

Yes, Dai is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase Exchange, Bybit, OKX, Kraken, KuCoin,, BingX.

You can buy Dai instantly at Zengo, Binance, Coinbase Exchange using their instant buy feature or a credit card.

Yes you can buy less than one (1) DAI. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Dai, you will need to deposit funds into your exchange account - which usually has no fees - and then buy DAI, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Dai at Zengo, Binance, Coinbase Exchange.

Dai Investment & Buying Guide

Diving into the world of stablecoins, you’ve likely stumbled upon Dai, a name that’s gaining traction among crypto enthusiasts. Unlike its volatile counterparts, Dai stands out with its promise of stability, pegged 1:1 with the US dollar, ensuring your investments aren’t at the mercy of the market’s wild swings.

You’re probably wondering how Dai maintains its peg in the notoriously unpredictable crypto space. It’s all thanks to its unique mechanism, which involves smart contracts on the Ethereum blockchain. This system isn’t just innovative; it’s a game-changer, offering a level of security and peace of mind that’s hard to come by in the digital currency realm.

As you peel back the layers, you’ll find Dai’s potential extends beyond just a stable digital cash system. It’s a cornerstone of decentralized finance (DeFi), a tool that’s reshaping how we think about money in the digital age. Get ready to explore the ins and outs of Dai, and see why it might just be the stablecoin that stands the test of time.

What is Dai Cryptocurrency?

Dai is a digital currency that aims to keep its value as close to one United States dollar as possible through an automated system of smart contracts on the Ethereum blockchain. It’s inherently tied to the US dollar, thus offering stability in an otherwise volatile cryptocurrency market. You’ll find that it’s integrated into many financial applications due to its decentralized nature and stable value, making it a reliable medium of exchange and a safe haven for crypto investors.

How Does Dai Compare to Other Cryptocurrencies?

Dai stands out from traditional cryptocurrencies that suffer from high volatility due to its 1:1 peg to the US dollar. This peg is upheld by a unique system involving collateralized debt positions (CDPs), autonomous feedback mechanisms, and appropriately incentivized external actors.

With Dai, users can enjoy the benefits of digital currency without the wild price swings commonly associated with Bitcoin, Ethereum, and others. Transactions using Dai are secure and instantaneous, providing efficiency without compromising on stability, which is rare in the crypto realm.

Unlike centralized stablecoins like Tether (USDT) and USD Coin (USDC), Dai is not backed by actual dollars in a bank account but rather by collateral on the Ethereum blockchain. This crypto-economic model of backing makes Dai transparent and less prone to central points of failure.

The governance of Dai is executed by MakerDAO, an open-source project and decentralized autonomous organization, ensuring that decisions about the network are made by a community of its users. This collaborative approach is in stark contrast to centralized digital currencies, which are influenced by their issuing companies’ policies.

Dai also offers significant utility in the burgeoning field of DeFi, serving as a fundamental building block for a variety of applications from lending platforms to prediction markets. Through MakerDAO’s smart contracts, users have the ability to participate in the platform’s decision-making, influencing the stability fee and other factors critical to Dai’s stability.

In terms of accessibility, Dai is gaining traction as one of the most adopted stablecoins in the DeFi space, primarily because it doesn’t require deep technical knowledge to use. This ease of access paired with its robust stability mechanism positions Dai as a key player in both current and future digital economies.

Dai History & Growth

Dai was launched in December 2017 by MakerDAO, an Ethereum-based project. MakerDAO pioneers the use of decentralized autonomous organizations in finance. The introduction of Dai represented a significant shift in the approach to stablecoins, emphasizing decentralization and autonomy. During its inception, Dai maintained its peg through a dynamic system of Collateralized Debt Positions (CDPs), now known as Vaults.

In its early days, Dai operated on a single-collateral system with Ethereum as the primary backing asset. This limitation prompted the development and transition to Multi-Collateral Dai (MCD) in November 2019. The shift to MCD expanded the types of assets that could back Dai, improving its stability and potential for growth.

Since its transition to MCD, Dai adoption has surged, especially within the DeFi sector. MakerDAO reported that the total value locked in Dai had surpassed $1 billion as of July 2020. This milestone underscored Dai’s increasing role in digital finance, as it provides a stable medium of exchange and store of value for DeFi applications.

Dai’s utility extends beyond DeFi; it’s also used in global remittances, savings, and as a smart contract that can automatically execute transactions. Your understanding of Dai’s capabilities grows as you explore its integration across various platforms and services. As the digital economy evolves, Dai’s role as a decentralized stablecoin continues to attract attention from investors and users seeking stability in the volatile cryptocurrency market.

Buying Dai with Different Payment Methods

Buying Dai with a Credit Card

Purchasing Dai with a credit card is one of the fastest ways to acquire this stablecoin. Most cryptocurrency exchanges accept major credit cards, ensuring instant transactions.

Buying Dai with a Debit Card

Using a debit card for buying Dai works similarly to credit cards but directly withdraws funds from your bank account. Security and ease of use make debit cards a popular option on crypto trading platforms.

Buying Dai with Apple Pay

Apple Pay provides a convenient method for Dai purchases through supported mobile apps and websites. It combines the security of Apple’s wallet with the quick transaction speeds you need for timely investments.

Buying Dai with PayPal

PayPal users can buy Dai quickly, often without entering card details, thanks to saved payment information. PayPal ensures fast and secure transactions, making it a preferred method for crypto enthusiasts.

Buying Dai with a Bank Transfer

Acquiring Dai through a bank transfer offers higher limits and lower fees, making it suitable for large volume purchases. It may take longer than card payments, but it’s ideal for those prioritizing cost over speed.

Keeping Your Dai Safe

As the digital economy grows, safeguarding your assets is crucial. Choosing the right wallet to store your Dai can make all the difference in ensuring your investment is secure.

Software Wallets

Software wallets offer a convenient way to access your Dai on-the-go. They’re applications that can be downloaded to your smartphone or computer, providing easy access with significant security features. Encryption and back-up options in software wallets keep your Dai shielded from unauthorized access, while also offering recovery possibilities in case of a technical hiccup.

Hardware Wallets

For top-notch security, hardware wallets are the gold standard. These physical devices store your private keys offline, making them virtually immune to online hacking attempts. With hardware wallets, your Dai is stored in a tamper-proof device that must be physically accessed to initiate transactions, giving you peace of mind about unauthorized movements of your funds.

Selling & Withdrawing Dai

Offloading your Dai holdings is a straightforward process akin to trading other cryptocurrencies. Most crypto exchanges support Dai, and you can sell it for fiat currencies like USD, EUR, or crypto like Bitcoin and Ethereum.

Before selling, check the exchange rates and fees to ensure you’re getting the best deal. Transactions on decentralized platforms may require a wallet compatible with Ethereum since Dai operates on its blockchain.

To withdraw Dai to your bank account, most exchanges require your account to be verified. Always stick to reputable exchanges and withdrawal methods to safeguard your assets.

Withdrawal times can vary, with some exchanges offering instant withdrawals while others might take a few business days. Keep an eye on the network congestion, as it can affect transaction times and fees.

Remember, the tax implications of selling cryptocurrencies can be complex. It’s advisable to consult with a tax professional to understand your obligations.

Move forward with confidence, knowing how to buy and manage your Dai cryptocurrency efficiently.

Is Dai a Good Investment?

Dai’s stability is a key selling point. Unlike other volatile cryptocurrencies, it’s pegged to the US dollar, aiming to minimize risk for investors.

Investing in Dai could serve as a hedge against the volatility of other cryptocurrencies. It’s a smart choice for diversifying your crypto portfolio.

Remember, Dai operates within the growing DeFi ecosystem. Its utility in decentralized lending, savings, and as a medium of exchange is expanding.

Its integration in DeFi protocols means growing use cases, which may increase demand and possibly drive up value over time.

Dai’s decentralized nature avoids central banking policies. This feature could protect your assets from inflation and policy changes.

Don’t forget the importance of doing your own research. Evaluate current market trends and expert analyses before investing.

Dai Price Predictions

Predicting the future price of Dai can be challenging due to its unique pegging mechanism. Dai’s stability is largely tied to the Ethereum blockchain and the mechanisms in place to maintain its $1 USD peg. Market analysts take into account the overall health of the DeFi space when forecasting Dai’s trajectory. As DeFi grows, so does the potential demand for Dai.

Historical data shows that Dai has consistently managed to hover around its target price. This stability is a testament to the effective smart contracts and systems set up by MakerDAO. Various prediction models factor in the growth of the cryptocurrency market to estimate future price movements for Dai. Remember, these models consider variables that can change unexpectedly due to market conditions.

Experts often analyze trends in blockchain technology adoption to guide their price predictions. Increased adoption could signal a rise in demand for stablecoins like Dai. It’s important to note that while Dai is designed to be stable, the cryptocurrency market is inherently unpredictable. Always consider this volatility before making investment decisions.

Your research should include monitoring the latest developments within MakerDAO and the Ethereum ecosystem. Upgrades and policy changes can have significant implications for Dai’s stability mechanisms. Keep an eye on regulatory news as well; changes in crypto-related legislations can impact investor confidence and stablecoin use cases.

Additional Info

With Dai’s stability and its pivotal role in the burgeoning DeFi landscape, you’ve got a front-row seat to the evolution of digital currency. Its decentralized nature and adherence to a US dollar peg through ingenious smart contracts make it a standout in a sea of volatility. Remember, whether you’re looking to diversify your portfolio, hedge against other cryptos, or simply explore the DeFi space, Dai offers a compelling option. But as with any investment, staying informed and watching market trends is key. Keep an eye on MakerDAO, Ethereum, and regulatory shifts—they all play a crucial role in shaping Dai’s future. Embrace the digital economy with confidence, knowing Dai is a cryptocurrency designed for resilience and longevity.

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