Buy Dai (Arbitrum One) with a credit card
You can buy DAI for USD and other fiat currencies here at SwapSpace! We provide an easy way to do that via one of our partners, such as Mercuryo, Guardarian, or Simplex, with a few simple steps right on this page. You can also look at Dai (Arbitrum One) price dynamics and history, get some answers to your questions, and find some useful links to read more about what is DAI.
Dai (Arbitrum One) live price chart
DAI price can be volatile. You can see the history of price changes in the cryptocurrency price chart below to help you make the best decision while considering buying crypto.
What is Dai (DAI)?
Dai (DAI) is a decentralized, Ethereum-based stablecoin launched on December 18, 2017, by MakerDAO, an organization founded by Danish entrepreneur Rune Christensen. Unlike traditional stablecoins backed by fiat reserves, DAI maintains its peg to the U.S. dollar through a system of smart contracts and collateralized debt positions (CDPs).
Key Features of DAI
- Decentralization: Operates without a central authority, governed by the MakerDAO community.
- Collateral-backed: Users generate DAI by depositing accepted cryptocurrencies as collateral into MakerDAO's smart contracts.
- Stability Mechanism: Maintains a 1:1 peg with the U.S. dollar through automated smart contract adjustments.
- Ethereum-based: Functions as an ERC-20 token, ensuring compatibility with Ethereum's ecosystem.
- Unlimited Supply: DAI's supply is dynamic, expanding or contracting based on user-generated collateralized positions.
By allowing users to lock up crypto assets as collateral, DAI offers a decentralized method to access a stable digital currency, facilitating various financial activities without relying on traditional banking systems.
Why to buy Dai (DAI)?
There are many ways and options to use DAI, making it a versatile asset in the cryptocurrency space.
- Hedging Against Volatility: DAI provides a stable store of value, protecting users from the price swings common in other cryptocurrencies.
- Decentralized Finance (DeFi) Participation: DAI is widely used in DeFi platforms for lending, borrowing, and yield farming, enabling users to earn interest or access loans without intermediaries.
- Cross-Border Transactions: Its stability and decentralization make DAI an efficient medium for international remittances, reducing costs and transaction times.
- Everyday Transactions: Merchants and service providers increasingly accept DAI, allowing users to pay for goods and services while avoiding the volatility of other cryptocurrencies.
- Savings and Passive Income: Users can earn interest by lending DAI on various platforms, providing a decentralized method to generate passive income.
In summary, DAI's stability, decentralization, and wide acceptance make it a valuable asset for both everyday use and investment purposes.
DAI token wallets
Selecting a secure and compatible wallet is essential for managing DAI tokens. Here are five notable options:
- MyEtherWallet (MEW): A web-based wallet tailored for ERC-20 tokens like DAI, offering user-friendly access and management.
- Atomic Wallet: A beginner-friendly, multi-currency wallet that supports DAI and provides a straightforward interface for users.
- Exodus: A non-custodial, multi-platform wallet known for its intuitive design and support for DAI among other cryptocurrencies.
- MetaMask: A browser extension wallet that integrates seamlessly with decentralized applications (dApps) and supports DAI storage and transactions.
- Ledger Nano S: A hardware wallet providing offline storage for DAI, enhancing security against online threats.
Each of these wallets offers unique features catering to different user needs, from ease of use to enhanced security.
Where can I buy Dai (DAI)?
Buying Dai (DAI) for USD is easy and can be done in a blink of an eye. Several cryptocurrency exchanges facilitate the purchase of DAI using USD. However, for those seeking the most cost-effective method, SwapSpace stands out as an excellent choice. SwapSpace offers competitive rates and a user-friendly platform, making the acquisition of DAI straightforward and economical.
How to buy Dai
Acquiring DAI through SwapSpace is a simple process:
- Visit SwapSpace: Navigate to the SwapSpace website and select DAI as the cryptocurrency you wish to purchase.
- Enter Purchase Details: Specify the amount of USD you want to spend or the amount of DAI you wish to acquire.
- Provide Wallet Address: Input your DAI wallet address where the purchased tokens will be sent.
- Choose Payment Method: Select your preferred payment option, such as credit card or bank transfer.
- Confirm Transaction: Review the transaction details and confirm the purchase. The DAI tokens will be transferred to your wallet promptly.
By following these steps, you can efficiently purchase DAI through SwapSpace's streamlined platform.
Embrace the benefits of decentralized finance by purchasing DAI through SwapSpace. Experience rapid transactions, competitive rates, an intuitive interface, and exceptional customer support as you integrate DAI into your digital asset portfolio.
How to buy DAI on SwapSpace
On this page, we put USD in the “You send” and DAI in the “You get” sections in the widget. USD is the default, but you can choose your preferred fiat currency. Put in the amount of fiat you want to spend. Next, press the ”View offers” button and choose a provider.
Fill in the “Enter the recipient address” field with the destination Dai (Arbitrum One) address. Check the information carefully and click the “Next” button. After reading the special terms and conditions in the next window, click “Next” again.
At this point, you will either see our partner’s widget or be redirected to another page, depending on the chosen provider. You will be asked to verify your identity, as this is standard practice for the services that work with fiat money. Follow the provider’s instructions on the screen.
After completing the KYC procedure, fill in your credit card information. At this point, everything is in place and your transaction will start.
Wait for the transaction to process. You’ll see a message when it’s completed. A window with your transaction details will also appear; from there, you can also create another crypto-fiat exchange.
Frequently asked questions
Is there a way to predict DAI future price?
Which payment methods are accepted for crypto purchases via SwapSpace?
How long does it take to buy DAI crypto?
What can I use Dai (DAI) for?
What are the fees for buying Dai (DAI)?
Can I exchange Dai (DAI) to USD?
Do I need to create a Dai wallet to buy (DAI)?
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