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 Dai equals 0.0373 AVAX
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Platform | Dai | Avalanche |
---|---|---|
Wirex | 1 DAI | 0.0373 AVAX |
YouHodler | 1 DAI | 0.0377 AVAX |
To buy Dai using Avalanche, first, find a cryptocurrency exchange that supports the DAI/AVAX trading pair, such as Wirex or YouHodler. Create an account, verify your identity, and deposit your AVAX into your exchange wallet. Locate the DAI/AVAX pair on the trading platform and place an order to exchange your Avalanche for Dai. If the DAI/AVAX pair is unavailable, you can first exchange Avalanche 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 cost of your transaction.
To sell Dai for Avalanche, first, find a cryptocurrency exchange that supports the DAI/AVAX trading pair, such as Wirex or YouHodler. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/AVAX pair on the trading platform and place a sell order to exchange your Dai for Avalanche. If the DAI/AVAX pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Avalanche. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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