LINK to DAI: Convert and Swap Chainlink (LINK) to Binance-Peg DAI (DAI)
How to Buy Chainlink (LINK) with Binance-Peg DAI (DAI)
To buy Chainlink using Binance-Peg DAI, first, find a cryptocurrency exchange that supports the LINK/DAI trading pair. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the LINK/DAI pair on the trading platform and place an order to exchange your Binance-Peg DAI for Chainlink. If the LINK/DAI pair is unavailable, you can first exchange Binance-Peg DAI for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Chainlink. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Chainlink (LINK) for Binance-Peg DAI (DAI)
To sell Chainlink for Binance-Peg DAI, first, find a cryptocurrency exchange that supports the LINK/DAI trading pair. Create an account, verify your identity, and deposit your LINK into your exchange wallet. Locate the LINK/DAI pair on the trading platform and place a sell order to exchange your Chainlink for Binance-Peg DAI. If the LINK/DAI pair is unavailable, you can first sell Chainlink for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Binance-Peg DAI. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.