How to Buy Binance-Peg DAI (DAI) with michi ($MICHI)
To purchase Binance-Peg DAI using michi, firstly, look for a cryptocurrency exchange that supports the DAI/$MICHI trading pair. Make an account, verify your identity, and deposit your $MICHI into your exchange wallet. Find the DAI/$MICHI pair on the trading platform and place an order to exchange your michi for Binance-Peg DAI. If the DAI/$MICHI pair is not available, you can initially exchange michi for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Binance-Peg DAI. Keep in mind potential exchange fees, which vary by platform and can affect the total cost of your transaction.
How to Sell Binance-Peg DAI (DAI) for michi ($MICHI)
To sell Binance-Peg DAI for michi, firstly, find a cryptocurrency exchange that supports the DAI/$MICHI trading pair. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/$MICHI pair on the trading platform and place a sell order to exchange your Binance-Peg DAI for michi. If the DAI/$MICHI pair is not available, you can first sell Binance-Peg DAI for a stablecoin like Tether (USDT) or a fiat currency, then trade that for michi. Be mindful of potential exchange fees, which differ by platform and can affect the total amount you receive.