How to sell Dai Create your free Kraken account. Verify your details to get started. Send DAI to your Kraken account. Deposit DAI in your secure Kraken account. Sell Dai instantly. Enjoy ultra-fast DAI transactions & withdraws.

Dai Price Live is ₹ 0.00 (2024)

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₹87.87

0.012%

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₹0.01

0.012%

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₹87.01

24h High

₹87.88

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What is Dai ?

DAI is a decentralised cryptocurrency that is created and governed by MakerDAO. MakerDAO is a Decentralised Autonomous Organization. The Maker Protocolenables users to generate Dai by using collateral assets approved by the “Maker Governance.”

About Dai Coin

This digital money is open to everyone or any business and can offer its advantages. DAI is a cryptocurrency that is backed by fiat currency. The value of 1 Dai is equal to 1$. Thus it makes Dai a stable coin. By the mid of 2021, Dai had a circulating supply of about 5.5 billion units, which put it in fourth place among stable currencies.

Primary features of Dai

Dai is developed on top of Ethereum as per the valuations of the US dollar.
Value of Dai crypto is limited to 1 US dollar. That means they are following a 1 to 1 ratio.
Smart contracts manage the issuance of tokens. They are permanently kept on the blockchain and can’t be changed.

Is Dai a promising cryptocurrency?

Dai is a stablecoin backed by the US dollar. When the price of Dai Coin goes below its assigned value of 1$, the Decentralized Autonomous Organization boosts interest rates on loans which encourages users to get rid of Dai and close their loans. When DAI costs more than $1, the organisation performs the opposite procedure and handles the situation.

How to use Dai?

The Dai platform ensures greater stability and usability. In the below section, we can see the uses of the Dai platform:

Financial freedom with zero volatility: Generate Dai coins by depositing Ethereum-based assets as collateral. Moreover, it is a non-volatile cryptocurrency as the value is automatically rebalanced.
Decentralised governing system: A community of Dai token holders govern the Protocol of Decentralized Autonomous Organization.
Better ecosystem: Presently, 400+ apps are integrated with Dai.

Pros & Cons of Dai

Pros

DAI is a decentralised platform. Their smart contracts can interact with themselves.
DAI is secured by the Ethereum blockchain resulting in better transparency.
Transacting DAI coins does not require any KYC procedures. Thus, it provides a better privacy policy for users.

Cons

Currently, DAI is listed in only a few exchanges.
DAI is very much in line with US Dollar price fluctuations as its assets are in Ethereum.

Trade Dai on CoinSwitch kuber

You can start investing and trading Dai with just Rs.100.
Instantly withdraw and deposit directly to bank accounts
Carry out trade in Dai at zero fees.
Carry out trade with CoinSwitch’s user friendly UI.
Easily track your DAI transactions.

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Dai

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FAQ's on Dai

1. What’s the main reason behind DAI’s stability?

Dai is considered to be very stable. It can be used as conventional money like a Dollar as the value of 1 Dai is also 1 US Dollar.

2. Is Dai completely safe?

Even though its price is close to 1$, it is not 100% pegged currency. But its volatility is extremely low. So, we can consider it safe to an extent.

News Feed

Is CoinSwitch safe for crypto investments?CoinSwitch, India's largest crypto exchange, is a safe and reputed investment platform. In keeping with its mission to...The future of cryptocurrenciesCryptocurrencies have emerged as an attractive investment option in recent years, capturing the imagination of investors despite their high volatility.Introducing blockchain technologyA simple explainer can be a pretty rare thing in a realm as complicated as the cryptosphere. That's what we are here to change—one article at a time.How to invest in cryptocurrency in IndiaCoinSwitch is the leading crypto exchange in India. It is a mobile-only crypto exchange. CoinSwitch provides you the platform to buy and sell more than 80 coins such as BTC, ETH, MATIC, ADA, and LITE.

Disclaimer : Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. The information provided in this post is not to be considered as investment/financial advice from CoinSwitch. Any action taken upon the information shall be at user's own risk.

FAQs

What is the current price of DAI? ›

The current price of Dai is ₹83.87 per DAI. With a circulating supply of 5,365,382,702.665 DAI, it means that Dai has a total market cap of ₹450,142,116,286.68. The amount of Dai traded has fallen by ₹919,423,526.82 in the last 24 hours, which is a 23.43% decrease.

Read On ›

Is DAI backed by USD? ›

Unlike centralized stablecoins, Dai isn't backed by US dollars in a bank account. Instead, it's backed by collateral on the Maker platform. Note: if the Dai credit system is upgraded or shutdown, Dai holders may need to convert their Dai to Ethereum through the Maker platform.

Discover More Details ›

How much is the DAI dollar rate? ›

The live Dai price today is $1.00 USD with a 24-hour trading volume of $42,486,268 USD. We update our DAI to USD price in real-time. Dai is down 0.01% in the last 24 hours. The current CoinMarketCap ranking is #17, with a live market cap of $5,365,566,946 USD.

How much is a dollar in DAI? ›

Current USD to DAI exchange rate

1 USD equals 1.00 DAI. The current value of 1 United States Dollar is +0.01% against the exchange rate to DAI in the last 24 hours. The current Dai market cap is $5.06B.

See Details ›

What is the value of 1 DAI in rupees? ›

The current value of 1 DAI is ₹83.76 INR.

Find Out More ›

How do I sell my DAI coins? ›

To do so:

Open your Coinbase app or log in to Coinbase.com.
Navigate to the DAI asset page.
You should see an option to sell your DAI. ...
If it says you have nothing to sell, it could be due to a few reasons. ...
If your DAI tokens are in the correct wallet, and you're still facing issues, it might be a technical glitch.

Jul 25, 2024

Tell Me More ›

Can you make money with DAI? ›

You can earn % on DAI just like you would with a traditional bank account, but with a key difference: instead of the near-zero % rates of banks, we offer you % on DAI.

Show Me More ›

Is DAI a safe coin? ›

Is Dai a safe coin? Dai's safety is derived from its decentralized nature, transparency, and the collateralization of assets. While no investment is entirely risk-free, Dai's design aims to mitigate risks associated with price volatility and centralization.

Explore More ›

How to cash out DAI? ›

How to sell Dai

Create your free Kraken account. Verify your details to get started.
Send DAI to your Kraken account. Deposit DAI in your secure Kraken account.
Sell Dai instantly. Enjoy ultra-fast DAI transactions & withdraws.

Is DAI a US company? ›

DAI's main headquarters is located at 7600 Wisconsin Ave, Suite 200 Bethesda, MD 20814 US. The company has employees across 6 continents, including North AmericaAsiaEurope.

Show Me More ›

Who owns DAI? ›

DAI has always been employee-owned. As the company expanded outside the United States, however, we recognized the need to extend ownership to our global workforce.

Read The Full Story ›

How to convert DAI to USD? ›

Convert Dai to United States Dollar

1 DAI equals 1.00 USD. The current value of 1 Dai is +0.08% against the exchange rate to USD in the last 24 hours. The current Dai market cap is $5.14B.

See Details ›

How much is 1 DAI in USDT? ›

1 DAI equals 1.00 USDT.

Get More Info Here ›

Is DAI on Coinbase? ›

Fortunately in United States, you can buy Dai on Coinbase's centralized exchange. Coinbase is the most trusted place for people and businesses to buy, sell, and manage Dai. It's quick and easy.

Is DAI a good crypto to buy? ›

DAI, a stablecoin designed to maintain a value of $1, has become popular for its stability and decentralisation. As the crypto market grows and stabilises, DAI could be a favourable investment for those seeking a reliable digital asset.

What is the all time high of DAI? ›

DAI Historical Price

24h Range	$0.9921 – $1.00
7d Range	$0.9976 – $1.00
All-Time High	$1.22 17.8% Mar 13, 2020 (over 4 years)
All-Time Low	$0.882 13.6% Mar 11, 2023 (over 1 year)

View Details ›

How much is 1000 DAI in USDT? ›

Today vs. 1 month ago

Amount	Today at 1:56 am	1 month ago
50 DAI	49.99 USDT	49.99 USDT
100 DAI	99.99 USDT	99.98 USDT
500 DAI	499.93 USDT	499.89 USDT
1,000 DAI	999.85 USDT	999.78 USDT

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Dai Price Live is ₹ 0.00 (2024)

Dai Performance

Dai Value in Currency

Crypto Returns Calculator

What is Dai ?

Primary features of Dai

Is Dai a promising cryptocurrency?

How to use Dai?

Pros & Cons of Dai

Pros

Cons

Trade Dai on CoinSwitch kuber

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FAQ's on Dai

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FAQs

What is the current price of DAI? ›

Who owns DAI? ›