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Exchange Dai (DAI)

If you're looking to swap Dai, SwapSpace is your one-stop-shop. We have some light reading for you - in case you'd want a refresher on what is Dai or some fresh information about DAI’s price movements. And, of course, we provide you with the multiple Dai exchange options so that you can choose the offer with the best rates and lowest Dai fees, as well as other parameters that suit you.

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Dai Price Stats

To help you make a decision about exchanging your Dai, we gathered some cold hard numbers: Dai price chart and other stats, such as Dai market cap.

24H HIGH

24H HIGH $1

DAI MARKET CAP

DAI MARKET CAP $5,170,567,997.751

CIRCULATING SUPPLY

CIRCULATING SUPPLY 5,172,119,633.641 DAI

24H LOW

24H LOW $0.9967

DAI PRICE

DAI PRICE $0.9997

24H VOLUME

24H VOLUME $5,770,917.363

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Dai Price Chart

Here you can see the current price of Dai, as well as Dai price history.

What is Dai?

DAI is a stablecoin that operates on the Ethereum blockchain with its value pegged to the US Dollar. DAI manages to maintain its worth without a centralized trust, which sets it apart from its centralized and regulated competitors – like Tether (USDT) or Paxos (PAX). DAI's decentralized nature and lack of regulating authority mean that no government can influence it or shut it down. DAI was created by Maker – an autonomous organization whose another project – Makercoin (MKR) – is also an ERC-20 decentralized asset. The price stability of the coin is maintained through a lending system on the Ethereum (ETH) network. To create DAI, users deposit their ETH into a Collateralized Debt Position – a personal smart vault that stores Ethereum. With the deposited ETH stored in the vault as collateral, a comparable amount of DAI is sent to the Ethereum holder. DAI is backed with ETH that is locked in publicly-viewable contracts. What's more, the amount of ETH locked in these contracts always exceeds the value of all DAI in circulation. With all contracts openly stored on the blockchain, any user can perform a real-time audit if necessary. Maker gives DAI its stablecoin properties by implementing a series of balancing mechanisms that kick in if DAI's value strays too far from the dollar. When the price of a single DAI falls below $1, the system encourages users to increase its price. If one DAI is worth over $1, the same incentives encourage the price to decrease. In both cases, money can be made as a result of the price swings. The further DAI deviates from its $1 equivalent, the better financial incentives there are in forcing it back to its original price.

A Simple Way To Exchange Dai Here At SwapSpace

Step 1
Step 1

Choose a pair

Choose the cryptocurrencies you would like to exchange among more than 1600 coins and tokens. Pick them from drop-down menus. Type the number of coins you want to swap.

Step 2
Step 2

Select the best rate

You choose the rate – we do the magic! Pick up the exchange service by the rate which meets your requirements. Make sure you are okay with the selected service network fee and privacy policy: some of them require you to pass the AML/KYC procedure.

Step 3
Step 3

Transfer funds

Send the exact amount to the address provided and receive the crypto in your wallet within minutes. Don’t have a wallet yet? Our support will recommend a good one!

Step 4
Step 4

Receive your coins

You’ll get your coins in a few minutes! The exact time is a subject of various parameters such as blockchain network workload, transaction volume, our partners’ processing speed, etc. Concerned about your transaction? Check the swap tracker or feel free to contact the support: support@swapspace.co.

Exchanging Dai: SwapSpace’s Video Tutorial

Featured Price Predictions

Frequently Asked Questions

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Popular Exchange Pairs with Dai

Those cryptocurrencies are most frequently traded with Dai at SwapSpace. Join our other customers in the “Exchange Pairs” section!
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