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Sell
Dai

Cash out of Dai with flexible funding options

Sell
Dai

Cash out of Dai with flexible funding options

Sell Dai

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Sell 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

In the past 24 hours, Kraken clients traded 1,029,384 DAI worth $1,030,413.

Why sell Dai with Kraken?

Kraken offers a safe and easy way to sell digital currency. Enjoy market rate trades with low transaction fees and withdrawal fees.

Instant transactions & withdrawals

Flexible withdrawal options

World-class
security

Take advantage of our flexible payment options to sell Dai using a variety of convenient methods including wire transfer, bank transfers and cash withdrawals.

About Dai

{{"Dai is a collateral-backed stablecoin pegged to the US Dollar. Dai (DAI) is the first decentralized stablecoin built on top of the Ethereum blockchain. Because the price of Dai is pegged to the US Dollar, it experiences relatively little market volatility. As a result, it is most often used as a method of payment or hedging mechanism. Every Dai is backed by a surplus of collateral that is escrowed into publicly reviewable Ethereum smart contracts." if countryCode!= "GB" else "DAI is a decentralised stablecoin built on top of the Ethereum blockchain that aims to maintain a value of 1 DAI to 1 USD by, according to MakerDao, being backed by excess collateral of eligible cryptoassets.

Investing in crypto assets is risky and each token can have its own set of risks. Although general crypto asset risks may still apply to DAI, there are specific risks associated with DAI that may impact its value.

These include:
Algorithmic Stablecoins: DAI is not like other stablecoins such as USDC, which attempt to maintain a stable value by holding an equivalent value of U.S. dollar denominated assets in reserve. DAI is an algorithmic stablecoin, which means that DAI attempts to maintain a stable value by using an algorithm that locks in a variety of crypto assets in smart contracts as collateral, and adjusts this portfolio dynamically.

USDC dependence: USDC represents a significant portion of DAI’s collateral. If USDC de-pegs, or the issuer of USDC freezes USDC, this could cause DAI to de-peg.

Operational and Technical Risks: DAI’s algorithm could suffer a failure, bug, exploit or other issue which may lead to a failure in their ability to allow tokens to be redeemed for any underlying collateral, which could cause DAI to de-peg. Please see here for the DAI risk statement."}}

What can you do with Dai?

Before you sell your Dai, learn more about the different ways you can put your Dai to work with Kraken.

Dai rewards

See if you can earn rewards

Trade Dai for NFTs

Collect & trade NFTs

Dai wallet

Securely manage your DAI with Kraken Wallet

Swap Dai for other assets

Explore the most popular Dai trading pairs on Kraken before you swap Dai for cash, stablecoins or other digital assets.

Dai FAQ

Can I sell Dai for USD?

Yes, you can buy and sell Dai using USD on Kraken. We support a diverse network of payment processors around the world that make it easy to sell Dai.

How do I convert Dai to cash?

Select USD, EUR or your preferred cash in the tool above to see how much cash you will receive when selling your Dai. Once you convert your Dai to cash, our funding options make it easy to withdraw cash to your bank account.

Is cashing out Dai taxable?

Each country handles cryptocurrency taxes differently. We recommend that you speak with a local professional tax advisor before making any digital asset sale or reporting your crypto taxes.

How much is Dai worth right now in USD?

At the current Dai price, one DAI is worth 1.001. Kraken makes it easy to sell Dai for USD in minutes.

How do I get my money after selling Dai?

After you sell your Dai using Kraken, you can use our flexible funding options to withdraw your cash to your bank account in as little as 0-5 business days.

Can I buy and sell Dai instantly?

Yes, it only takes a few moments to sell or buy Dai after you connect your funding method.

Learn more about Dai

What are the fees for selling Dai?
Kraken offers a competitive fee structure based on transaction size, type of asset, payment method and market conditions. Learn more about Kraken’s fee structure.
Which cryptocurrencies can I sell on Kraken?
Kraken allows you to seamlessly buy and sell 200+ cryptocurrencies, including Dai.
What is a Dai ATM?
A Dai ATM, or cryptocurrency automated teller machine, is a self-service kiosk that allows users to buy or sell Dai and sometimes other cryptocurrencies using cash or credit/debit cards. Users can interact with the machine's touchscreen interface to complete transactions and manage their digital wallets.
Where can I sell Dai?
While you can use a variety of different methods to sell your Dai, most people find that crypto platforms like Kraken are the safest and easiest options. Kraken offers competitive fees, diverse payment options, robust security measures and a 24/7 support staff that is ready to answer any questions you have about selling Dai.
Should I sell Dai now?
Deciding when to sell Dai depends on your individual financial goals, risk tolerance and market conditions. Consider factors like price trends, your investment timeline and potential tax implications. You may want to consult with a financial advisor and conduct thorough research before making any decisions.

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