If you are looking to buy Bitcoin with Dai, HiExchange is the ultimate platform for the job. Bitcoin has finally managed to bounce back and move above the critical resistance level at $25k. Subsequently, investors are once again eager to invest in the top crypto asset by market cap. On top of that, the mass adoption of BTC has turned it into a utilitarian digital asset. Today, thousands of credible online stores accept Bitcoin as payment. Fortunately, you can now pay for goods and services via BTC and there’s lots of stuff you can buy with Bitcoin. However, if you’re holding DAI, you can instantly exchange Dai into Bitcoin in only a matter of minutes. Want to get started? Head over to HiExchange, select Dai on the left box and Bitcoin on the right and you’re good to go!
What Do I Need to Buy Bitcoin with Dai?
For this exchange, you will need a crypto wallet to receive Bitcoin (BTC). In case your Dai wallet supports BTC, you can also receive funds in the same wallet. Make sure that you are using a reliable crypto wallet to hold your assets. On the other hand, for HiExchange platform, all you need is an email address. HiExchange does not require KYC (know your customer) or sign up. However, there are benefits and rewards for those who sign up on HiExchange. How do you like winning $100 gifts ever single month?
What is DAI?
Before we go over how to buy Bitcoin with Dai, let’s take a brief look at Dai as a stablecoin.
DAI is an Ethereum-based stablecoin. A stablecoin is a cryptocurrency with a pegged value to another currency. In case of DAI, it is pegged to the US dollar and much like Tether and USDC, Dai will always be worth $1. Stablecoins are a crucial part of the crypto market as they offer very little volatility. In that regard, investors use stablecoins to save their funds in the form of a reliable and stable asset.
What makes DAI unique is a clever design that eliminates the biggest concerns for stablecoins. Generally speaking, conventional stablecoins require a massive reserve by the company. For example, for every Tether USD, the Tether company must hold $1 USD in their reserve. This is a huge issue for companies as it is difficult to provide liquidity and keep it consistent.
DAI offers a new solution for this problem. By using an automated system of smart contracts on Ethereum blockchain, DAI does now need a reserve. Using collateralized debt denominated in ETH allows DAI to maintain the 1:1 ration with USD. Simply speaking, users can deposit Ethereum or other cryptocurrencies can borrow against the value of their deposit and generate new DAI. The currency is this case is known as collateral.
You can exchange Dai to PayPal on HiExchange with the lowest exchange fees ever!
Why Invest in Bitcoin?
Well, there is hardly anyone these days who is not familiar with the definition of Bitcoin and what the cryptocurrency is capable of carrying out. However, let’s briefly go through what bitcoin is and where it comes from, then we can focus on the benefits of using this cryptocurrency and explain why to buy Bitcoin with Perfect Money.
Bitcoin is a Cryptocurrency that was created after the housing market collapse in January 2009. It follows the ideas set out by the enigmatic and pseudonymous Satoshi Nakamoto in a whitepaper. The identity of the individual or individuals who developed this cryptocurrency is still under wraps. Unlike government-issued currencies, Bitcoin provides the guarantee of lower transaction costs than conventional online payment systems and is regulated by a decentralized authority.
Bitcoin is a tempting opportunity for investment and great tool for doing financial transactions. In that regard, it has been a solid choice for investment as an asset that is truly decentralized. On top of that, there are countless online platform that accept Bitcoin as payment which makes BTC a utilitarian option for online payments.
So, if You’ve decided to invest in BTC, you can buy Bitcoin with Dai in only a matter of minutes on HiExchange.
HiExchange Platform
Say goodbye to the hassle of searching for the perfect online exchange. HiExchange is here to offer you everything you need and more. With a combination of anonymity, unbeatable exchange rates, and reliability, it’s a platform like no other.
At HiExchange, your privacy is our top priority. We understand the importance of keeping personal information safe, and that’s why we don’t require it from our customers. With no KYC or sign-up required, you can trade confidently and securely.
Looking for the best exchange rates? HiExchange is right there for you. Our platform uses an automated system to ensure that you always get the best value for your trades. Don’t just take our word for it, visit ranking websites like BestChange and OkChanger and see for yourself.
We believe in being proactive and keeping ahead of any potential problems. That’s why we offer 24/7 customer support. No matter the issue, our team is always here to help. So go ahead, make your trades with peace of mind knowing that HiExchange has got your back.
How to Buy Bitcoin with DAI?
- Enter the Homepage on HiExchange. Select Dai (DAI) on the left field and Bitcoin (BTC) on the right one. Enter the exchange amount and wait for the rates to apply.
- Click on Exchange and you will be forwarded to the next step where you will need to enter your BTC wallet address, email, and phone number (optional).
- Click on “Exchange” one more time as you go to the next page to review your order.
- At this point, you will obtain your Tracking ID, an address and an explorer URL.
- On this step, please dedicate some time to review our terms and conditions and the instructions.
- Transfer your DAI to the HiExchange wallet address that is provided for you. Then, make sure to upload a screenshot of the payment.
- Finally, click on the “I’ve paid” button.
You’re All Set!
When you finish the steps above, our team will process your order and send the Bitcoin (BTC) to your wallet address. The transaction may take a few minutes. In the meantime, you will have a track id to follow up on your order. Simply enter the main page and type in your track id in the specified field to see your live order status. Keep in mind that your track id is private information and you should not share it with anyone else.
