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

To purchase Dai using Bitcoin, start by finding a cryptocurrency exchange that offers the DAI/BTC trading pair. Create an account, verify your identity, and deposit your BTC into your exchange wallet. Then, locate the DAI/BTC pair on the platform and place an order to trade your Bitcoin for Dai. If the pair is unavailable, you can first exchange Bitcoin for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Dai. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.

How to Exchange Dai (DAI) for Bitcoin (BTC)

To sell Dai for Bitcoin, first, find a cryptocurrency exchange that supports the DAI/BTC trading pair. Create an account, verify your identity, 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, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.