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Buying DAI

made simple.

Buying DAI

made simple.

Buying DAI

made simple.

At Swapped.com we’ve made it simple to buy DAI. As soon as you’ve made your payment, we’ll send you your DAI. You will have your DAI in minutes.

At Swapped.com we’ve made it simple to buy DAI. As soon as you’ve made your payment, we’ll send you your DAI. You will have your DAI in minutes.

At Swapped.com we’ve made it simple to buy DAI. As soon as you’ve made your payment, we’ll send you your DAI. You will have your DAI in minutes.

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How to buy DAI

EUR to litecoin conversion

Select

Choose how much DAI you want to buy.

pay 100 euro for litecoin conversion

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Receive

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Comparison

Lowest fees on the market

Lowest fees on the market

Lowest fees on the market

We offer the lowest fees for buying and selling crypto compared to our competitors.

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4.02%

4.02%

2.42%

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10.13%

9.07%

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7.72%

6.94%

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6.93%

6.61%

Based on purchasing €100 worth of Litecoin on August 28th, 2024

30+ payment methods

Local payment methods

Local payment methods

Local payment methods

Choose from over 30+ payment methods and use your
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Choose from over 50+ payment methods and use your favorite payment method to buy crypto.

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  • Neteller
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  • Apple Pay logo
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  • Boleto logo
  • Google Pay logo
  • Visa logo
  • Mastercard logo
  • Apple Pay logo
  • Skrill logo
  • Jeton logo
  • Neteller
  • Ideal logo
  • AstroPay logo
  • Bank transfer logo
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Learn about DAI

Learn about DAI

Learn about DAI

DAI's history​

DAI's history​

DAI's history​

DAI first came into being in 2017 and was derived from the cutting-edge MakerDAO ecosystem. Holders of the entity's governance token, MKR, are in charge of running it. The main goal of DAI's creation was to reduce the well-known price volatility connected to cryptocurrencies such as Ether and Bitcoin. DAI sought to establish itself as a reliable medium of exchange in the otherwise unstable world of digital assets by pegged its value to the US dollar.

What is DAI?​

What is DAI?​

What is DAI?​

This leads us to the fundamental principles of DAI. How does it manage to hold its value in the face of the volatile cryptocurrency market, one would wonder? Its intrinsic over-collateralization and smart contract architecture on the Ethereum blockchain are its secrets. Users must lock up more value in collateral than they want to earn in order to create DAI. In the event that the collateral's value declines, the "Liquidation Engine" mechanism kicks in to auction off collateral assets, guaranteeing that DAI's value stays steady.

Furthermore, users can lock up assets like ETH and BAT by using smart contracts, particularly those in the Maker Protocol. This creates debt against the locked assets, which is represented by DAI. Its peg to the US dollar is maintained in large part because to this process, which gives traders and users confidence in its stability.

Behind the Curtain: The Mastermind – MakerDAO​

Behind the Curtain: The Mastermind – MakerDAO​

Behind the Curtain: The Mastermind – MakerDAO​

MakerDAO is the mastermind behind DAI's magic, yet it's not a traditional entity. It serves as an example of decentralized government in action, in which a community of MKR token holders rather than a central authority makes decisions. These stakeholders have a crucial role in determining the direction that DAI will take going forward. They cast votes on important issues such as stability fees, or the interest rate that users who create DAI must pay, and the kinds of collateral assets that the system will accept. Since there isn't a single organization in charge in this decentralized environment, governance is transparent and democratic.

What makes DAI unique?​

What makes DAI unique?​

What makes DAI unique?​

In among the plethora of cryptocurrencies, DAI weaves a singular pattern in multiple dimensions. First off, unlike other stablecoins, its stability stems from carefully crafted processes and a collateralized debt position (CDP) rather than just reserve backing. By securing collateral such as ETH, users can acquire DAI, offering a transparent and decentralized stablecoin generation process.

Furthermore, the stability charge of DAI, which is effectively a variable-rate interest cost, has an interesting use in that it serves as a mechanism to guarantee stability by either encouraging or discouraging the creation of additional DAI tokens. Adjustments are made to the stability charge in order to return DAI's price to the appropriate peg when its market price deviates from $1.

A further component that provides DAI holders with an extra degree of utility and incentive is the DAI Savings Rate (DSR), which is another example of the architectural genius of DAI. Users can earn more DAI over time by only keeping DAI in a DSR smart contract. This is a potent lure for users and investors looking for steady profits in the cryptocurrency space.

Viewed through a more expansive perspective, DAI's focus on decentralization is evident in both its architecture and its uses. It is present in all DeFi platforms and applications, giving users who want to lend, borrow, or take advantage of other decentralized financial services without being subject to the vagaries of volatile cryptocurrency markets a steady and dependable medium of exchange and store of value.

Exploring its Multifaceted Applications

Exploring its Multifaceted Applications

Exploring its Multifaceted Applications

Even with its stability and decentralized governance, DAI is incredibly useful. Its use spans a wide range of applications within the DeFi ecosystem, serving as a stable asset for yield farming and liquidity provision, a medium of exchange in decentralized exchanges (DEXs), and collateral in decentralized lending platforms. With DAI integrated into numerous platforms and services across the blockchain domain, it may be utilized for a variety of purposes, including trading, savings, payments, and more, resulting in its ever-expanding utility.

DAI is a symbol of the creative spirit of decentralized finance, serving as a link between the disruptive potentials of blockchain technology and the familiarity and use of traditional fiat currencies. By virtue of its decentralized governance structure, stability guaranteed by smart contracts, and wide range of uses both inside and outside of the DeFi ecosystem, DAI is more than just a cryptocurrency—it's a financial tool that is reshaping the ways that traditional finance and digital assets are portrayed.

All things considered, the tapestry of DAI is woven from the unique blockchain technology, decentralized governance, and painstakingly designed stability mechanisms, making it stand out not just in the cryptocurrency space but also have a major impact on the larger financial ecosystem. Users, traders, and developers create a future where finance is continuous, inclusive, and fundamentally decentralized by traveling with DAI, where the security of traditional money and the infinite potential of blockchain technology meet.

DAI vs other Stablecoins

DAI vs other Stablecoins

DAI vs other Stablecoins

In the crowded stablecoin space, DAI stands out for constructing a unique story that balances stability and decentralization. In contrast to its counterparts, such USDT (Tether) or USDC (USD Coin), which are supported by central reserves of fiat money, DAI uses smart contracts on the Ethereum blockchain and collateralized debt positions (CDPs) to create a decentralized system that ensures stability. Users secure collateral, usually in excess of the DAI issued value, guaranteeing an inherent value supporting its stability. While USDT and USDC assert a 1:1 peg with the US dollar and rely on central organizations to maintain similar reserves, DAI's decentralization eliminates this need and offers transparency via on-chain verifications. Because of this unique quality, DAI is not just a stablecoin but also a champion of financial decentralization, maintaining stability without sacrificing the core values of cryptocurrencies. As a result, customers have a trustworthy and independently stabilized financial tool to help them manage the ups and downs of the cryptocurrency market.

Frequently asked questions

Frequently asked questions

Frequently asked questions

When can I buy DAI?

Unlike traditional markets, you can buy DAI 24/7. There are no centralized stock exchanges that you need to wait for when it comes to buying and selling DAI.

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When can I buy DAI?

Unlike traditional markets, you can buy DAI 24/7. There are no centralized stock exchanges that you need to wait for when it comes to buying and selling DAI.

Arrow icon

When can I buy DAI?

Unlike traditional markets, you can buy DAI 24/7. There are no centralized stock exchanges that you need to wait for when it comes to buying and selling DAI.

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How long does it take to buy DAI?

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How long does it take to buy DAI?

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How long does it take to buy DAI?

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What's the minimum amount of DAI I can buy?

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What's the minimum amount of DAI I can buy?

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What's the minimum amount of DAI I can buy?

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The best way to buy DAI

The best way to
buy crypto

The best way to buy DAI

Over 100.000 users choose swapped.com as their preferred way to buy DAI.

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Live support

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Lowest fees

We offer the lowest fees for buying crypto compared to similar providers.

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Fast transactions

Transactions are sent within seconds after we receive your payment.

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Regulated

Swapped is registered with Australian ASIC, Fintrac Canada, and the Danish Financial Supervisory Authority.

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Global support

We support more than 150+ countries
all over the globe.

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Secure funds

We do not hold your cryptocurrencies.
Funds are sent directly to your wallet.

150+ supported countries

Global coverage

Global coverage

We support more than 150+ countries worldwide and
keep adding more to the list.

We support more than 150+ countries worldwide and keep adding more to the list every month.

150+ supported countries

Global coverage

We support more than 150+ countries worldwide
and keep adding more to the list every month.

See full coverage

150+ supported countries

Global coverage

We support more than 150+ countries worldwide
and keep adding more to the list every month.

See full coverage

FAQs

FAQs

FAQs

Haven’t found what you’re looking for? Check out of some common questions here, or contact our live support.

When do I get my coins/money?

If you have purchased cryptocurrency, we will send your coins immediately after your payment. However, it takes 1-2 business days if you pay with bank transfer. If you have sold cryptocurrency, we will send you your money after 1 Blockchain confirmation. This rarely takes more than 30 minutes. After that, it depends on how quickly your bank receives bank transfers, typically within 1 business day.

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When do I get my coins/money?

If you have purchased cryptocurrency, we will send your coins immediately after your payment. However, it takes 1-2 business days if you pay with bank transfer. If you have sold cryptocurrency, we will send you your money after 1 Blockchain confirmation. This rarely takes more than 30 minutes. After that, it depends on how quickly your bank receives bank transfers, typically within 1 business day.

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How do I complete identity verification?

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How do I complete identity verification?

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What price will I buy/sell for?

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What price will I buy/sell for?

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How is cryptocurrency taxed?

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How is cryptocurrency taxed?

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