Check the Exchange Rates for DAI against USD
How to Purchase Dai (DAI) Using United States Dollar (USD)
To purchase Dai using United States Dollar, start by finding a cryptocurrency exchange that offers the DAI/USD trading pair. Create an account, verify your identity, and deposit your USD into your exchange wallet. Then, locate the DAI/USD pair on the platform and place an order to trade your United States Dollar for Dai. If the pair is unavailable, you can first exchange United States Dollar 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 United States Dollar (USD)
To sell Dai for United States Dollar, first, find a cryptocurrency exchange that supports the DAI/USD trading pair. Create an account, verify your identity, and deposit your DAI into your exchange wallet. Locate the DAI/USD pair on the trading platform and place a sell order to exchange your Dai for United States Dollar. If the DAI/USD pair is unavailable, you can first sell Dai for a stablecoin like Tether (USDT) or a fiat currency, then trade that for United States Dollar. Be mindful of potential exchange fees, which vary by platform and can affect the total amount you receive.
