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 $1.66 XRP
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Platform | Dai | XRP |
---|---|---|
YouHodler | 1 DAI | 1.66 XRP |
Wirex | 1 DAI | 1.50 XRP |
To buy Dai using XRP, first, find a cryptocurrency exchange that supports the DAI/XRP trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your XRP into your exchange wallet. Locate the DAI/XRP pair on the trading platform and place an order to exchange your XRP for Dai. If the DAI/XRP pair is unavailable, you can first exchange XRP 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 XRP, first, find a cryptocurrency exchange that supports the DAI/XRP trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/XRP pair on the trading platform and place a sell order to exchange your Dai for XRP. If the DAI/XRP pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for XRP. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
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