Buy Dai

DAI is a stablecoin based on Ethereum and is maintained and regulated by MakerDAO. DAI is created from overcollaterized loans facilitated by MakerDAO smart contracts. The value of DAI is pegged at 1 US Dollar.

Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.

1. Sign Up

Create a free account with which you can buy, sell, send, receive and store Dai. Access your Bitvavo account from every location, on mobile and desktop.

2. Transfer Funds

Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.

3. Buy and Trade

Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.

Storing Dai and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Dai without any technical knowledge. Here is a brief overview of the existing wallet options to store your Dai:

Hosted Wallet

Hosted wallets are wallets where the private keys to your Dai are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Dai online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.

Software wallet

A software wallet is a program installed on your computer or other device in order to use and manage your Dai. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Dai, and if malicious parties have access to your device, your private keys (and therefore your Dai) can be stolen.

Hardware wallet

A hardware wallet is a physical device on which you can store your Dai offline. It is one of the safest ways to store your Dai, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Dai is stored.

You can use Bitvavo's hosted wallet to easily store, send and receive Dai. Once you have purchased Dai on Bitvavo, you can choose to send your Dai from your Bitvavo wallet to your own software or hardware wallet.