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Dai

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Dai

Millions choose Kraken to buy Dai. Start with just $10.

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How to buy Dai

You can buy Dai on Kraken's crypto platform. Create your free account and connect a funding method to buy over 200 cryptocurrencies including DAI. Kraken makes it quick and easy to get started.

Create your free Kraken account

Provide your email address & country of residence.

Connect a funding method

Fund your account with your preferred payment method.

Complete your Dai purchase

Buy Dai with as little as $10.

In the past 24 hours, Kraken clients bought 514 368 DAI worth 514 883 $.

Why buy Dai with Kraken?

Kraken offers a safe and easy way to get started with crypto. Use our flexible payment methods to buy Dai with a credit card, debit card, bank transfer, and more.

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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?

With Kraken, you can do more with Dai. From making your first trade to utilizing our advanced Dai pro trading tools, all the Kraken features you need are backed by our robust security features and 24/7 support.

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

After you buy Dai, you can trade it for fiat currencies and other cryptocurrencies. Kraken offers over 200 Dai trading pairs so you can move in and out of the market with ease.

Dai FAQ

Is Dai a good investment?

The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Dai may be a worthwhile purchase.

How much does it cost to buy 1 Dai?

At the current market rate, it costs 1,00 $ to purchase one DAI. Kraken makes it easy to buy & sell Dai with confidence.

Can I buy Dai with a debit card?

You can buy Dai with a debit card on Kraken. We offer several different ways to fund your account with cash or cryptocurrency.

How to trade Dai

You can trade Dai by first creating a Kraken account. Once sign up is complete and your account is funded, select your desired DAI trading pair and start trading Dai. Our all in one, powerful interface lets you execute your trading strategy.

Can I buy $100 worth of Dai?

Yes, Kraken offers a secure and easy to buy $100 worth of Dai. At its current price, $100 equals NaN DAI.

Is Dai safe to buy?

The Dai price can change dramatically based on market conditions. You should do your own research on Dai before buying.

Learn more about Dai

How does Dai work?
Unlike traditional currencies, Dai is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Dai. This decentralization means the holders and users of Dai can help to maintain the network.
Where can I buy Dai?
Most find that the easiest and most secure way to purchase Dai is through a reliable cryptocurrency platform like Kraken. While Dai can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Dai.
Is Dai available to buy and sell in my country?
To find out if Kraken offers Dai in your region, please check our Support article to see what cryptoassets are available in your country.
Is Dai a good investment?
The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Dai may be a worthwhile purchase.
Can I purchase Dai using my local currency?
Kraken supports six different government-issued fiat currencies including:

US dollars (USD)

Euros (EUR)

Canadian dollars (CAD)

Pounds sterling (GBP)

Swiss franc (CHF)

Australian dollar (AUD)
What are the transaction fees for buying Dai?
Kraken offers a competitive fee structure based on transaction size, asset, payment method and market conditions. Learn more about Kraken’s fee structure.
What is the minimum amount of Dai I can buy?
You can buy as little as $10 worth of Dai on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Dai regularly.
Can I buy Dai with a debit card?
You can buy Dai using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.
Can I buy Dai with other cryptocurrencies?
Yes, Kraken makes it easy to purchase Dai using hundreds of other cryptocurrencies. Browse the Dai markets available on Kraken to see how much it costs to buy Dai with other cryptocurrencies.
How can I keep my Dai safe?
While we believe the safest place for your crypto is in your own cold wallet, we strive to be as transparent and secure as possible when you trust us with your Dai. When you choose to keep your Dai on Kraken, it is secured by our globally-recognized security standards.
Will I owe taxes when buying and selling Dai?
Each country handles cryptocurrency taxes differently. It’s recommended you speak with a local professional tax advisor before making any digital asset purchases or reporting your crypto taxes.
Can I transfer Dai from Kraken to my crypto wallet?
Yes, the Dai you buy on Kraken is yours. Kraken makes it easy to withdraw your Dai to any hot wallet or cold wallet that supports Dai. Simply enter the external wallet address and your Dai will be in your wallet a few moments later.
Is it safe to leave my Dai on Kraken?
We take every measure possible to keep the Dai you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Dai. Learn more about our globally-recognized security standards.
What is the current circulating supply of Dai?
The current circulating supply of Dai is 5 896 795 351 DAI.

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