How to Purchase Ethereum (ETH) using Dai (DAI)

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