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Buy Dai (DAI) in India at ₹89.8687

Live DAI/INR Price

₹89.8687

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0.02%

Price Changes

₹0.01

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0.02%

24h Low

₹89.8505

24h High

₹89.869

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INR

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DAI

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Yearn.finance

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BUY

Reasons to Buy Dai (DAI)

• It provides greater stability than other volatile cryptos.

• It has a market cap of more than $5.7 billion.

• It is an Ethereum-based ERC-20 token.

• Besides being a stablecoin, it has been able to maintain its position in the top 30 of the largest cryptocurrencies.

• It can supply any number of Dai tokens in the market.

What is Dai (DAI)?

Dai was launched in December 2017 and formulated under the governance of MakerDAO and Maker Protocol. MakerDAO is itself a company that runs in a decentralized way using smart contracts. Dao is the world’s first decentralized stable crypto. The collateralized assets of other cryptocurrencies back it. The assets are held within smart contracts and not within institutions.

Dai has its official utility token as DAI has been pegged to a US dollar(1 USD). DAI is used as a mode to provide users with various incentives.

Things to consider before buying Dai (DAI)

• It is highly composable with other decentralized applications such as Compound.

• It is more transparent to the users, and also it provides higher security and censorship.

• DAI holders can also earn interest through DSR(Dai Savings Rate).

Highlight

Dai is the world’s first decentralized stable cryptocurrency. The collateralized assets of other cryptocurrencies back it. The assets are held within smart contracts and not within institutions.

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Dai Price Statistics

DAI Price Today

DAI Price

89.8687

Price Change 24h

percent_change_icon

0.02%

Price Change 7d

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5.68%

Market Rank

#19

Market Cap

₹44,778 Cr.

Trade Vol 24h

1,168 Cr

Circulating Supply

535 Cr. DAI

Trading Activity

60% Buy40% Sell

FAQ's

1. How Can I Buy Dai In India?

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CoinSwitch App is the simplest way to buy Dai in India. Sign up now and start investing with ₹100 – Click Here

2. Can I Buy Dai Directly?

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You can buy Dai directly through P2P(Peer to Peer) trade. You can also buy cryptocurrencies by means of decentralized exchanges (DEX) or from someone who holds them. But this way of DEXs is chosen by pro traders. The reason is that it is a tedious job to understand DEX and also a worrisome task to find a trustworthy seller of DAI.

You might want to take the simplified route and Download the CoinSwitch App if you are new to crypto!

3. How to Buy Dai Stock?

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You can buy Dai in just 4 steps on CoinSwitch:

• Open the CoinSwitch App, click on the Market tab from the bottom navigation, then select Dai.

• Click on the ‘Buy’ button.

• Enter the amount that you would like to buy Dai for, say ₹100, and click on the ‘Preview Buy button

• Check all the details of your order and proceed by clicking ‘Buy.’

Congratulations, you just bought your first Dai!

4. What Price To Buy Dai?

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Most of the cryptos are still evolving or are in the development stage. So there is no definite price for buying any of them. This could lead to an increment in the value of Dia. You might be left with nothing but regret for not buying it earlier.

Instead, you can invest small amounts periodically and balance the opportunity and risk. Start investing in DAI for as low as ₹100.

5. What Time To Buy Dai?

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No clock could tell you the right time to build your assets. If you are someone who is waiting for your golden opportunity where you would invest in dips, friend, you might be missing out on the returns and profits already.

Give it a start, and try investing in small amounts periodically. A better strategy would be to invest when Dia gets undervalued. It would help build your portfolio and would also counter your risks.

6. What Platform To Buy Dai?

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Dai is available on over a dozen crypto platforms available on the Internet. The only thing that matters is your experience with the platform. Some would pave a typical way for you to get your deals done, whereas some would make it very smooth to deal in cryptos.

The market is full of crypto apps, and some of them would make your buying experience troublesome; however, CoinSwitch allows you to buy cryptos efficiently and easily, removing all of your hassles.

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Yearn.finance

5,23,850.0

+3.32%

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