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How to Purchase Dai (DAI) Using Bitcoin (BTC) in China

To buy Dai using Bitcoin, first, find a cryptocurrency exchange that supports the DAI/BTC trading pair, such as Nexo, YouHodler, Binance or Kraken. Create an account, complete the KYC process to verify your identity, and deposit your BTC into your exchange wallet. Locate the DAI/BTC pair on the trading platform and place an order to exchange your Bitcoin for Dai. If the DAI/BTC pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Dai. Be mindful of potential exchange fees, which vary by platform and can impact the overall cost of your transaction.

How to Exchange Dai (DAI) for Bitcoin (BTC) in the Chinese Market

To sell Dai for Bitcoin, first, find a cryptocurrency exchange that supports the DAI/BTC trading pair, such as Nexo, YouHodler, Binance or Kraken. Create an account, complete the identity verification process, and deposit your DAI into your exchange wallet. Locate the DAI/BTC pair on the trading platform and place a sell order to exchange your Dai for Bitcoin. If the DAI/BTC pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency such as CNY, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can impact the total amount you receive.