How does Tether compare to other stablecoins like USDC and DAI?
A post by Ohidul Islam
1 Dai equals $0.79 XTZ
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Platform | Dai | Tezos |
---|---|---|
YouHodler | 1 DAI | 0.79 XTZ |
Wirex | 1 DAI | 0.79 XTZ |
To buy Dai using Tezos, first, find a cryptocurrency exchange that supports the DAI/XTZ trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XTZ into your exchange wallet. Locate the DAI/XTZ pair on the trading platform and place an order to exchange your Tezos for Dai. If the DAI/XTZ pair is unavailable, you can first exchange Tezos 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 Tezos, first, find a cryptocurrency exchange that supports the DAI/XTZ trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/XTZ pair on the trading platform and place a sell order to exchange your Dai for Tezos. If the DAI/XTZ pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Tezos. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
A post by Ohidul Islam
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