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Buy DAI with fiat and access the world of DeFi

How to buy DAI and start exploring DeFi

For most investors, DeFi seems rather complicated. Each protocol is able to compound your money over time with its own degree of risk. If you want to learn more about lending protocols, yield farming, and liquidity provision, then DAI is how you get started. MakerDAO's native stablecoin is the token that enables you to take action.

Let's briefly go over how to buy DAI on Currency.com:

  • Enter the amount of DAI you want to buy
  • Choose your payment method from the available options
  • Start a new transaction, verify your account, and buy DAI instantly

Buy DAI with credit card, the most convenient option

A popular way to swap your fiat into DAI is by using a credit card. If you want to buy DAI with credit card, follow the steps of the previous section and select "Credit Card" as your payment option.

If this is your first transaction on Currency.com, you'll first need to undergo a KYC check. This step takes a couple of minutes and is performed in compliance with anti-money laundering laws. Following account verification, you'll be able to buy DAI with credit card instantly. Future transactions won't require KYC, and you may save your card details for faster checkout.

Buy DAI with a debit card or by making a bank transfer

Aside from credit cards, our platform also enables users to buy DAI with debit card and bank deposits. The former option has faster settlement, meaning that you can buy DAI with debit card instantly, as long as your account is verified. The latter option usually requires 1-2 working days for your withdrawal to be approved, and is based on the bank you're using.

Payments made using bank or cards can be simplified following your first transaction, as you can link their details to your account for future reference. In some cases, larger transactions may require additional verification, in which case we'll inform you by email.

FAQ

DAI is not just a stablecoin used for trading and investing. It is a tool that you can use to access and learn about DeFi in a practical way while earning incentives simultaneously.

In the sections above we briefly explained how to purchase DAI. For a more detailed overview, follow the steps below:

  • Scroll up to the transaction panel and enter the amount of DAI you want
  • Pick "Credit Card" from the drop-down menu with the available payment options
  • Start a transaction and you will be able to buy DAI online with credit card
  • Adding your wallet address is not necessary — the DAI is sent to your account’s wallet

The amount of DAI you can buy depends on the tier of your account. To better understand the limits and how to qualify for higher tiers, make sure you check our Profile limits page.

Buying DAI from our platform is perfectly safe, as we implement a high level of security and comply with all existing laws and regulations tied to the jurisdictions we support. That said, DAI comes with its own risks, as it isn’t tied to the USD, but rather backed by collateral on the MakerDAO platform.

When you buy DAI, you learn about on-chain lending, tokenized real-world assets, and a whole range of financial products that were formerly reserved for the few. In other words, you buy access to DeFi. This means that you can use your tokens in multiple ways and earn yield by doing so.

You can buy other cryptocurrencies, gift cards, merchandise, numerous services, and even take out overcollateralized loans from lending protocols.

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