How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Dai equals $0.77 GBP
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Platform | Dai | Pound Sterling |
---|---|---|
Nexo | 1 DAI | 0.77 GBP |
YouHodler | 1 DAI | 0.8 GBP |
Wirex | 1 DAI | 0.8 GBP |
To buy Dai using Pound Sterling, first, find a cryptocurrency exchange that supports the DAI/GBP trading pair, such as Nexo or YouHodler. Create an account, verify your identity, and deposit your GBP into your exchange wallet. Locate the DAI/GBP pair on the trading platform and place an order to exchange your Pound Sterling for Dai. If the DAI/GBP pair is unavailable, you can first exchange Pound Sterling 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 Pound Sterling, first, find a cryptocurrency exchange that supports the DAI/GBP trading pair, such as Nexo or YouHodler. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/GBP pair on the trading platform and place a sell order to exchange your Dai for Pound Sterling. If the DAI/GBP pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Pound Sterling. 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...