How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
Platform | Dai | Euro |
---|---|---|
Blockchain.com | 1 DAI | 1 EUR |
To buy Dai using Euro, first, find a cryptocurrency exchange that supports the DAI/EUR trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your EUR into your exchange wallet. Locate the DAI/EUR pair on the trading platform and place an order to exchange your Euro for Dai. If the DAI/EUR pair is unavailable, you can first exchange Euro 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 Euro, first, find a cryptocurrency exchange that supports the DAI/EUR trading pair, such as Nexo or Kraken. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/EUR pair on the trading platform and place a sell order to exchange your Dai for Euro. If the DAI/EUR pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Euro. 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...