How to Buy Dai (DAI) with Illuvium (ILV)
To purchase Dai using Illuvium, begin by finding a cryptocurrency exchange that offers the DAI/ILV trading pair, such as YouHodler. Set up an account, verify your identity, and deposit your ILV into your exchange wallet. Locate the DAI/ILV pair on the trading platform and place an order to swap your Illuvium for Dai. If the DAI/ILV pair is not available, you can initially exchange Illuvium for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Dai. Be aware of potential exchange fees, which differ by platform and can impact the total cost of your transaction.
How to Sell Dai (DAI) for Illuvium (ILV)
To sell Dai for Illuvium, first, find a cryptocurrency exchange that supports the DAI/ILV trading pair, such as YouHodler. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/ILV pair on the trading platform and place a sell order to exchange your Dai for Illuvium. If the DAI/ILV pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Illuvium. Be aware of potential exchange fees, which vary by platform and can affect the total amount you receive.