How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
To buy Dai using Ethereum, first, find a cryptocurrency exchange that supports the DAI/ETH trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your ETH into your exchange wallet. Locate the DAI/ETH pair on the trading platform and place an order to exchange your Ethereum for Dai. If the DAI/ETH pair is unavailable, you can first exchange Ethereum 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 Ethereum, first, find a cryptocurrency exchange that supports the DAI/ETH trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/ETH pair on the trading platform and place a sell order to exchange your Dai for Ethereum. If the DAI/ETH pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Ethereum. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Ohidul Islam
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...
A post by William Parvez