In this article, we will show you how to buy Multi Collateral Dai easily. By the end of this article you would learn how to buy DAI with USD, BTC or ETH. Keep reading.
Table of Contents:
- What is Multi Collateral Dai? Our review
- Current prices
- Where to buy DAI
- How to safely store DAI
- Frequently asked questions
Current Multi Collateral Dai Price Stats
| DAI Price | $1.0020 USD |
| Price Change24h | $0.0000 USD (0.00%) |
| 24h Low / 24h High | $1.0000 / $1.0040 USD |
| Trading Volume24h | $3,895,380 USD |
| MarketCap | $4,953,426,432 USD |
What is Multi Collateral Dai? A Review
Multi Collateral Dai (DAI) is a multi collateral-backed cryptocurrency. It was created by the Maker, a smart contract platform on the Ethereum blockchain, to enable anyone to leverage their Ethereum assets and generate MCD tokens on the Maker Platform. Once generated, MCD can be used in the same manner as any other cryptocurrency.
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Where and How to Buy Multi Collateral Dai (DAI) Coin
There are 3 steps to purchasing Multi Collateral Dai. They are:
- Buy Bitcoin: Buying Bitcoin in 2021 is a fairly simple matter which we don't need to go in-depth on. The best places to but Bitcoin directly today with USD or your native currency are: Coinbase, Binance and Paypal. Luckily, some exchanges allows you to purchase DAI directly with USD. They are: Coinbase, Gemini, Kraken, Cexio, Bitfinex, BitTrex, OKCoin, ftx, IndependentReserve, bequant, binanceusa, Exmo, .
- Move the Bitcoin to an Exchange that supports DAI: Once you have purchased BTC, the next step is to move the BTC to an exchange that supports the DAI/BTC trading pairs.
At the moment, DAI is currently available for purchase with Bitcoin at Bitfinex, BitTrex, Exmo, oneinch, uniswap, Bitfinex, BitTrex, Exmo, Upbit, . - Buy Multi Collateral Dai on the Exchange: Now, you can buy Multi Collateral Dai with your Bitcoin on your preferred exchange from the options we provided. Some of these exchanges support different DAI pairs. Below is a detailed breakdown of each exchange and the trading pairs it supports.
USD Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Coinbase | DAI/USD | $12,200,332 USD | AA |
| Gemini | DAI/USD | $1,116,132 USD | AA |
| Kraken | DAI/USD | $2,450,065 USD | AA |
| Cexio | DAI/USD | $15 USD | A |
| Bitfinex | DAI/USD | $85,740 USD | A |
| BitTrex | DAI/USD | $3,429 USD | A |
| OKCoin | DAI/USD | $433,367 USD | A |
| ftx | DAI/USD | $479,728 USD | A |
| IndependentReserve | DAI/USD | $126 USD | BB |
| bequant | DAI/USD | $13,058 USD | BB |
| binanceusa | DAI/USD | $392,356 USD | BB |
| Exmo | DAI/USD | $2,709 USD | BB |
Bitcoin Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Bitfinex | DAI/BTC | 0.1522 BTC | A |
| BitTrex | DAI/BTC | 0.3360 BTC | A |
| Exmo | DAI/BTC | 0.0598 BTC | BB |
| Upbit | DAI/BTC | 1.7036 BTC | BB |
Eth Exchanges
| Exchange | Trade Pair | Volume | Exchange Grade |
|---|---|---|---|
| Bitfinex | DAI/ETH | 9.0263 ETH | A |
| BitTrex | DAI/ETH | 0.9234 ETH | A |
| Exmo | DAI/ETH | 1.5207 ETH | BB |
| oneinch | DAI/ETH | 3323.9791 ETH | - |
| uniswap | DAI/ETH | 91.6738 ETH | - |
How to Safely Store Multi Collateral Dai Crypto
Once you buy Multi Collateral Dai, the next question you'd have is "where do I store my Multi Collateral Dais?". It is quiet easy to store your Multi Collateral Dai tokens after purchase. In fact there are two easy methods of doing so:
- Cold storage: There is a saying in crypto that the only tokens you own are those on your hard drive. This is very true as lots of things could happen to coins stored on exchanges - e.g hacks. For this reason, cold storage is usually a good option.
Hardware wallet options like - The Ledger Nano S or Ledger Nano X and SecuX V20 could be a good place to store Multi Collateral Dai. If Multi Collateral Dai is an Ethereum based ERC-20 token, you can also store it in any ERC-20 compatible wallet such as MyEtherWallet (MEW) or MyCrypto. - Exchanges: Storing on Exchanges might be a good option if you don't plan on hodling Multi Collateral Dai for the long-term and need to quickly trade it and make some gains. However, be careful as a downside of storing on exchanges is the susceptibility of exchanges to hacks.
Reported Issues
Frequently Asked Questions
| Question | Answer |
|---|---|
| Where can I buy DAI with Dollars (USD)? | You can buy Multi Collateral Dai (DAI) with U.S Dollars on Coinbase, Gemini, Kraken, Cexio, Bitfinex, BitTrex, OKCoin, ftx, IndependentReserve, bequant, binanceusa, Exmo, . |
| Where can I purchase DAI with my Bitcoin (BTC)? | As of today, you can buy Multi Collateral Dai with Bitcoin on any of the following exchanges: Bitfinex, BitTrex, Exmo, Upbit, . |
| I have Ethereum. Where can I buy DAI with ETH? | Multi Collateral Dai is available for purchase using ETH on these Crypto exchanges: Bitfinex, BitTrex, Exmo, oneinch, uniswap, . |
| How much is Multi Collateral Dai? | Right now, the price of DAI is $1.0020. |
| Is Multi Collateral Dai Crypto a good Investment in 2021? | Our analysis shows a possible all time high of $1.0070. So yes. DAI is a good investment. |
