How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Dai equals $0 BNB
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Platform | Dai | BNB |
---|---|---|
YouHodler | 1 DAI | 0 BNB |
Binance | 1 DAI | 0 BNB |
Wirex | 1 DAI | 0 BNB |
To buy Dai using BNB, first, find a cryptocurrency exchange that supports the DAI/BNB trading pair, such as YouHodler or Binance. Create an account, verify your identity, and deposit your BNB into your exchange wallet. Locate the DAI/BNB pair on the trading platform and place an order to exchange your BNB for Dai. If the DAI/BNB pair is unavailable, you can first exchange BNB 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 BNB, first, find a cryptocurrency exchange that supports the DAI/BNB trading pair, such as YouHodler or Binance. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/BNB pair on the trading platform and place a sell order to exchange your Dai for BNB. If the DAI/BNB pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for BNB. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Ohidul Islam
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