Crypto Exchange Uphold Ceases Support for Multiple Stablecoins Ahead of MiCA Regulations
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...
1 Canadian Dollar equals $0.72 DAI
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Platform | Canadian Dollar | Dai |
---|---|---|
YouHodler | 1 CAD | 0.72 DAI |
Wirex | 1 CAD | 0.72 DAI |
To buy Canadian Dollar using Dai, first, find a cryptocurrency exchange that supports the CAD/DAI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the CAD/DAI pair on the trading platform and place an order to exchange your Dai for Canadian Dollar. If the CAD/DAI pair is unavailable, you can first exchange Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Canadian Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Canadian Dollar for Dai, first, find a cryptocurrency exchange that supports the CAD/DAI trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your CAD into your exchange wallet. Locate the CAD/DAI pair on the trading platform and place a sell order to exchange your Canadian Dollar for Dai. If the CAD/DAI pair is unavailable, you can first sell Canadian Dollar for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Dai. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...