Crypto Exchange Uphold Ceases Support for Multiple Stablecoins Ahead of MiCA Regulations
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...
1 Dai equals $3.52 XLM
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Platform | Dai | Stellar |
---|---|---|
YouHodler | 1 DAI | 3.52 XLM |
Wirex | 1 DAI | 2.88 XLM |
To buy Dai using Stellar, first, find a cryptocurrency exchange that supports the DAI/XLM trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XLM into your exchange wallet. Locate the DAI/XLM pair on the trading platform and place an order to exchange your Stellar for Dai. If the DAI/XLM pair is unavailable, you can first exchange Stellar 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 Stellar, first, find a cryptocurrency exchange that supports the DAI/XLM trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/XLM pair on the trading platform and place a sell order to exchange your Dai for Stellar. If the DAI/XLM pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Stellar. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...