Sell Dai DAI
What is the DAI token?
DAI was created by the MakerDAO Protocol and is the world's first crypto-collateralised and decentralised stablecoin. Users generate Dai by depositing crypto-assets into Maker Vaults on the Maker Protocol.
For DAI to maintain a stable value of $1, the Maker protocol implements game theory. Whenever the value of DAI goes below $1, the protocol incentivises users to increase the price. On the contrary, if and when the value of DAI goes above $1, the incentives work the other way around.
How do I sell DAI?
It’s easy to sell DAI in Australia by joining a trusted trading platform like Coinstash. Simply log in to your account and enter the amount of DAI you want to sell. Or, you can select the option to enter the equivalent amount of AUD. Then click Sell DAI. It’s as simple as that!
Why should I trade DAI with Coinstash?
Coinstash is one of the highest-rated crypto platforms in Australia. Since 2017, we’ve been a one-stop crypto solution for thousands of customers.
People love our great customer support, easy-to-use interface, industry-leading security, and other innovative features. We’re also an AUSTRAC registered exchange so that you can trade with confidence.
Ready to start trading Dai Stablecoin (DAI)? Create your Coinstash account in minutes!
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Frequently Asked Questions (FAQs)
What is the current price of Dai (DAI)?
The Dai price is $1.5351 AUD, representing a +0.25% from the day prior.
Where is the best place to buy Dai (DAI) in Australia?
The best place to buy Dai (DAI) in Australia is right here! Coinstash is one of Australia's leading and most trusted cryptocurrency exchanges. Built by investors, for investors - Coinstash offers a secure and user-friendly platform to buy and sell Dai (DAI) and over 1,000 other cryptocurrencies. Enjoy low fees, excellent customer support and access to an array of powerful trading tools and investing features.
What is the daily trading volume of Dai (DAI)?
The trading volume of Dai (DAI) is $504.1M AUD in the last 24hrs, representing a +0.25% from the day prior.
How can I buy Dai (DAI)?
Dai (DAI) can be purchased on Coinstash with AUD or by trading other cryptocurrencies for it. Coinstash offers various AUD deposit methods including bank transfers, POLi and PayID.
What is the market cap of Dai (DAI)?
The current market cap of Dai (DAI) is $5.1B AUD.
Can I convert Dai (DAI) to cash?
Yes - With Coinstash you can convert your Dai (DAI) to AUD instantly. You can also withdraw AUD to your Australian bank account instantly and for free with no withdrawal fees.
How many Dai (DAI) are there?
The current circulating supply of Dai (DAI) is 3.3B.
Is Coinstash a safe place to buy Dai (DAI) in Australia?
Yes - Coinstash is one of Australia's safest and most trusted platforms for buying and selling Dai (DAI) and other cryptocurrencies. Coinstash's industry-leading security practices provide the highest level of protection for your investments. Coinstash is licensed, compliant and AUSTRAC registered in Australia. You can learn more about our security practices here.