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 Pound Sterling equals $1.3 DAI
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Platform | Pound Sterling | Dai |
---|---|---|
Nexo | 1 GBP | 1.3 DAI |
YouHodler | 1 GBP | 1.26 DAI |
Wirex | 1 GBP | 1.26 DAI |
To buy Pound Sterling using Dai, first, find a cryptocurrency exchange that supports the GBP/DAI trading pair, such as Nexo or YouHodler. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the GBP/DAI pair on the trading platform and place an order to exchange your Dai for Pound Sterling. If the GBP/DAI pair is unavailable, you can first exchange Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Pound Sterling. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.
To sell Pound Sterling for Dai, first, find a cryptocurrency exchange that supports the GBP/DAI trading pair, such as Nexo or YouHodler. Create an account, verify your identity, and deposit your GBP into your exchange wallet. Locate the GBP/DAI pair on the trading platform and place a sell order to exchange your Pound Sterling for Dai. If the GBP/DAI pair is unavailable, you can first sell Pound Sterling 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 amount you receive.
Uphold, a New York-based cryptocurrency exchange, has announced that it will cease support for...