DAI is one of the very famous stable coins, released in 2017 by Maker, which is backed by Collateralized Security Debt (CDB), which runs without the intervention of any central authority. DAI is pegged to the US dollars, itself that use the economic incentives to maintain a peg against the dollar. DAI aims to transform the financial industry by enabling businesses and individuals to realize the advantages of the stable coin without experiencing any volatility like the non-stable coins like Bitcoin, Ethereum and so on.
The top 5 DAI wallets in 2020 are:
Ledger Nano S is one of the very popular hardware wallets in the crypto space, which enables the users to make any kind of transactions, just with one click. You can manage your assets with the help of a PIN and can back up with the help of a passphrase. You just have to connect it with your system and it acts as a USB device, which comes with enhanced security and safety features.
Click here to download Ledger Nano S
Trezor is a competitor to ledger Nano, and stores more than 500 cryptocurrencies, of which DAI plays an integral part as one of the most popular stable coins. This also works like a USB device, which when connected to your device, helps you store, send and receive DAI and other digital assets, with a secured PIN. The setup process is pretty easy, where the beginners can also operate with convenience.
Click here to download Trezor
Ethos has enlisted both MKR and DAI tokens, wherein they have partnered with Ethos, and is a secure multi-token wallet, which is safe and easy to access, by all kinds of users, be it beginners or experts. The users can access it instantly, from anywhere, free of cost. Just remember not to leave your assets at risk on a centralized exchange. You just need to keep it safe from any kind of hackers. This is one of the best DAI wallets Android and DAI wallets iOS.
Click here to download Ethos Universal Wallet
MyEtherWallet is known to be the official wallet for all ERC20 tokens, of which DAI is an important part. MyEtherWallet is one of the most secured DAI wallets online, which enables you to store, send and receive digital assets. It is a web-based ERC20 specific wallet, which lets you create a wallet online, and you can access it with the help of an internet network.
Click here to access MyEtherWallet
Metamask is an extension, which supports chrome, brave browser, google chrome to name a few. This is one of the most favorable wallets for the ERC20 tokens, as per the user's review and choice. You just have to add that as an extension and the next thing you do is very easy. You can vouch for this as one of the safest ERC20 wallets in the crypto space.
Click here to add Metmask to your browser.
CoinSwitch enables businesses to convert over 300 cryptocurrencies with our powerful Fixed and Dynamic rate APIs. CoinSwitch exchange APIs are being used by many top cryptocurrency wallets across the globe like Trezor, Exodus, imToken, Guarda etc. Are you interested in providing your users an option to exchange coins within the wallet? For more information please reach out to firstname.lastname@example.org or refer our API documentation.
CoinSwitch.co is the world’s largest cryptocurrency exchange aggregator which supports 300+ coins and over 45,000+ pairs. It provides an easier way of trading through global exchanges like Binance, KuCoin, IDEX, Huobi, Ethfinex, HitBTC and Cryptopia without creating an account on them. If you are interested in buying cryptos, do give it a try!