Buy Dai
The easiest way to get Dai? Buy it. Exchange a local currency for Dai, or trade another crypto-asset for it.
Buy with Fiat Currency
Many exchanges support both Dai and fiat trading. Consider some of the popular services listed below.
Note: Make sure to check for any geographic restrictions. Users from restricted regions can research and explore alternative venues that might not be listed here.
Popular Platforms
- A simple way to buy Dai with fiat.
- Payment Methods: Credit Card, Debit cards, Bank Transfer, Apple Pay.
- Supported Countries
- Most popular crypto on/off-ramp in the US.
- Payment Methods: Bank Transfer, Wire Transfer
- Use Coinbase Pro Pro to save on fees.
- Supported Countries
- US exchange with price information from Bloomberg Terminal.
- Payment Methods: Bank Transfer, Credit Card
- Supported Countries
- A simple way to buy Dai with fiat.
- Payment Methods: Debit cards, Bank Account, Apple Pay.
- Small purchases do not require KYC.
- Supported Countries
Buy with Cryptocurrency
There are more choices when trading from other crypto-assets. Acquire Dai on either centralized exchanges, decentralized exchanges, or peer-to-peer marketplaces.
Centralized Exchanges
If managing an Ethereum wallet or keeping it secure is a hassle, consider trading on a centralized exchange. They also tend to be more liquid, and some keep detailed trade records to simplify accounting later on.
- US and International options.
- ETH/DAI, BTC/DAI. USDT/DAI, and USD/DAI pairs
- Unsupported Countries: Bittrex and Bittrex International serve most countries.
- Convert cryptocurrencies on Coinbase to Dai.
- Dai/USD, Dai/USDC, and ETH-Dai pairs on Coinbase Pro.
- Consider using Coinbase Pro to save on fees.
- Supported Countries
- US exchange with price information from Bloomberg Terminal.
- ETH/Dai pair
- Supported Countries
- Hong Kong based centralized exchange.
- ETH/Dai, BTC/Dai. USDT/Dai, and MKR/Dai pairs.
- Supported Countries
Decentralized Exchanges & DEX Aggregators
A great way to obtain Dai is with a Decentralized Exchange (DEX). By design, DEXs are non-custodial, not bound by geographic restrictions, and don't involve trusting third-parties. They can trade straight from their Web3 wallet (e.g., MetaMask) while retaining full control of their assets.
DEXs offer numerous benefits, but there are trade-offs.
Trade-Offs:
- Privacy: Trades happen on-chain and, therefore, are pseudo-public. In some regards, a public link between transactions and addresses reduces privacy. However, it may help third-party software keep track of trades for tax and documentation purposes.
- Slippage: For large orders there is a risk of receiving a different trade execution price than expected, this is called slippage. To reduce this risk, a DEX Aggregator can be used to split up a large order across multiple DEXs.
- Flagship platform by MakerDAO.
- Limit and market orders.
- Access to core Maker features.
- Simple UI, similar to Uniswap.
- Minimal fee (0.3%)
- Ideal for small to medium sized orders.
- Watch for slippage.
- Simple UI
- Minimal fee (0.3%)
- Ideal for small to medium sized orders.
- Watch for slippage.
- DEX aggregator
- Splits orders among multiple DEXes and attempts to get the best price.
- Works like other DEXs.
- Choose which DEXs to spread orders across using toggle switches.
Peer-to-Peer Marketplaces
Peer-to-peer markets fill the gaps in regions that lack access to suitable exchanges or have restrictions on cryptocurrency trading. These marketplaces act as fiat on-and-off-ramps, enabling users to later trade on DEXs that offer more liquidity and fairer pricing.
A peer-to-peer marketplace, to buy and sell Ethereum over various payment rails. It uses escrow to handle transactions.
A peer-to-peer marketplace to buy and sell BTC. Convert BTC to ETH or any other currency on an exchange, like Binance.
An open-source, peer-to-peer application for buying and selling cryptocurrencies in exchange for national currencies. No registration required.