How to Buy Dai
Level up your trading experience with Bybit, a one-stop trading platform where you can buy, sell, trade, stake and hold Dai securely and easily.
How to Buy Dai on Bybit
Bybit features an intuitive interface that obviates the confusing Dai buying process. Since security and reliability are paramount at Bybit, we’ve partnered with payment providers who share these same values to help you get your hands on Dai securely. With Bybit, you can obtain Dai in a few quick ways:
Buy Dai With a Credit/Debit Card
Sign up for a Bybit account, or log in to your existing Bybit account to buy stablecoins or BTC directly using your credit or debit card. Then, trade your purchased coins for Dai on Bybit Spot.
Buy Dai via Peer-to-Peer (P2P) Trading
Select a preferred advertiser with your ideal USDT price listed on the Bybit P2P platform, then proceed with the payment process. The purchased coins should reflect in the asset wallet once the seller has successfully released the coins. You can then use the purchased coins to buy Dai on Bybit.
Trade Dai
Choose to deposit with Bybit from a wide variety of cryptocurrencies, which you can then exchange for Dai at a highly competitive market rate.
Buy Dai With a Credit/Debit Card
Sign up for a Bybit account, or log in to your existing Bybit account to buy stablecoins or BTC directly using your credit or debit card. Then, trade your purchased coins for Dai on Bybit Spot.
Where to Buy Dai
Register or log in to check out instantly with your preferred amount of Dai on Bybit — all at your fingertips.
Buy Dai
Guide to Buying Dai via Bybit Express
Mobile App
- Download the Bybit App via App Store or Google Play Store.
- Register and verify your account (or log in to your existing Bybit account).
- Tap on Buy Crypto, then select the Express button.
- Enter the number of stablecoins you wish to purchase with your preferred fiat currency.
- Proceed with payment upon selecting your preferred payment channel.
- Complete the KYC process and fill in the order by entering your card information.
- Use your purchased stablecoins to buy Dai via Bybit Spot/Derivatives.
Desktop
- Register and verify your account, or log in to your Bybit account.
- Tap on Buy Crypto on the menu, and select Express from the drop-down menu.
- Enter the amount of USDT you wish to purchase with your preferred fiat currency.
- Proceed with payment upon selecting your preferred payment channel.
- Complete the KYC process and proceed with your purchase.
- Use your purchased stablecoins to buy Dai via Bybit Spot/Derivatives.
Guide to Buying Dai via Bybit Express
Why Buy Dai on Bybit?
Crypto platforms are a dime a dozen these days. Here's why Bybit is the best trading platform when you choose to buy Dai:
1. Ease and convenience
Bybit offers an easy-to-use interface on both mobile and desktop for fast and secure transactions. Only a few clicks are needed to buy, sell, trade and stake Dai.
2. Stay up-to-date and get ahead
Get real-time market data to monitor the competitive market liquidity at your fingertips.
3. Secure and reliable
Bybit maintains a 99.9% availability track record, even through periods of market volatility. Benefit from Bybit's daily insurance fund to minimize losses.
4. Round-the-clock customer support
Get answers to all of your questions, 24/7, with our multilingual support.
What Is Dai?
Dai is the algorithmic stablecoin of MakerDAO, a leading lending and borrowing protocol on the Ethereum blockchain. MakerDAO lets users borrow funds in Dai crypto by providing collateral with a number of popular coins, including ETH, LINK, USDT and USDC. The borrowed Dai can then be used either on MakerDAO or outside of the platform on a wide variety of decentralized applications (DApps).
Dai maintains a 1-to-1 peg to the U.S. dollar, with the collateral held by the protocol used as the key guarantors of the peg. The Dai coin is the largest decentralized algorithmic stablecoin. The other popular stablecoins on the market — USDT, USDC and BUSD — are all backed by private organizations in a centralized fashion. Thanks to its stablecoin properties, Dai is used extensively on a variety of decentralized finance (DeFi) platforms for coin swaps, yield farming, or as a store of value.
Learn More About Dai
Master Dai’s fundamentals — its technology, benefits, limitations, and the future of Dai.
Learn More
Why Buy Dai?
MakerDAO is one of the oldest, most thoroughly audited and popular DeFi protocols. Launched in 2017, the protocol has earned the reputation of being a robust, time-tested platform. This reputation has helped the coin to find acceptance with over 400 dApps, a feat which few other coins can match.
With Dai, you can:
- Use the leading algorithmically-maintained stablecoin as a store of value
- Earn income from yield farming opportunities on hundreds of DeFi protocols
- Earn interest by lending your funds back to MakerDAO through a product known as the Dai Savings Rate (DSR)
What Can I Do With My Dai on Bybit?
Hold/Store Dai
You can buy Dai and hold on to it over an extended period as its value increases. Store Dai in your personal Bybit account — and access it anytime on Bybit's mobile app or web page.
Trade Dai
Bybit offers a wide selection of trading pairs on both the spot and derivatives markets. Trade Dai for over 100 cryptocurrencies on Bybit’s trading platform.
Stake and Earn Dai
Grow your digital assets. Maximize the potential of your asset holdings by earning a guaranteed APY through Bybit’s high-yield flexible savings program. Enjoy the flexibility to stake and unstake your Dai anytime, anywhere.
Get Your Dai Today
Level up your trading experience with Bybit. Buy Dai fast, easily, safely and reliably with a wide variety of fiat currencies to choose from: USD, AUD, EUR, HKD, JPY and more.
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