How to Purchase Dai (DAI): A Step-by-Step Guide for Australians

Introduction

When purchasing Dai, there are several factors to consider, including selecting an exchange to buy it from and the transaction method. Fortunately, we've compiled a list of reputable exchanges to assist you with the process.

Step-by-Step Guide

1. Select an Exchange
Research and select a cryptocurrency exchange that operates in Australia and supports Dai trading. Consider factors such as fees, security, and user reviews.
Platform Coin Cost
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
See all 26 prices
2. Create an Account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
Platform Coin Cost
Uphold Dai (DAI) 1
BingX Dai (DAI) 1
See all 26 prices
3. Top Up Your Account
Transfer funds to your exchange account using supported payment methods such as bank transfer, credit card, or debit card.
4. Navigate to the Dai market
Once your account is funded, search for Dai (DAI) in the exchange's marketplace.
5. Select a Transaction Amount
Enter the amount of Dai you wish to purchase.
6. Confirm Purchase
Preview the Transaction Details and Confirm Your Purchase by clicking the "Buy DAI" or equivalent button.
7. Complete Transaction
Your Dai purchase will be processed and deposited into your exchange wallet within minutes.
8. Transfer to a Hardware Wallet
It's always best to keep your crypto in a hardware wallet for security reasons. We recommend using Wirex or Trezor.

Platform	Coin	Cost
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

Platform	Coin	Cost
Uphold	Dai (DAI)	1
BingX	Dai (DAI)	1

What to Be Aware Of

When purchasing Dai, it's important to choose a reputable exchange that is user-friendly and has reasonable fees. Once you've done this, always transfer your crypto to a hardware wallet. That way, no matter what happens to that exchange, your crypto remains safe.