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Good 
Bad Buy Dai
At Financer.com, you can easily find where to buy Dai and the best cryptocurrency exchanges for buying Dai. You can also use our Dai Profit Calculator to calculate and track the performance of your investment.
Where to buy Dai
There are hundreds of crypto exchanges and platforms where you can buy Dai. To save you the stress and time of finding the ones that work best for you, we have trimmed down the list based on a number of factors. Here are our top picks:
| Coinbase | Binance US | Gemini | |
| Cryptocurrencies available | 200+ | 100+ | 100+ |
| Number verified users | 108 million | 120 million | 13.6 million |
| Minimum trade | 2 USD | 10 USD | 0.00001 BTC |
| Crypto fees | $0.99 to $2.99 flat fee depending on the size of the trade; percentage-based fee for trades above $200; 0.50% spread | 0.1% flat fee for most trading activities. | 0.5% – 3.49% |
| Advantages | Fast and easy; Low trading fees; Top notch security; multiple trading pairs | Low fees; multiple trading pairs | Beginner friendly Regulatory complaint Solid security infrastructure |
| Disadvantages | Relatively high transaction fees; Slow customer service | Regulatory issues; not available in all states | High fees Long verification process |
| Who is it best for? | Beginner traders | For intermediate and advanced traders. | Beginner, intermediate, and advanced traders |
| Learn more | Open an account | Open an account | Open an account |
Coinbase
Coinbase is an American publicly traded company that operates a cryptocurrency exchange platform that is the largest crypto exchange in the US.
It was founded in 2012 by Brain Armstrong, an ex-AirBnB employee driven by a vision of a global, open financial system that drives innovation and freedom.
Who Is Coinbase most suitable for?
Coinbase is most suitable for those getting started with cryptocurrencies. Its clean and user-friendly interface is great for beginner traders.
Its clean interface and well-thought-out features make the platform easy to navigate for beginners.
Why we chose Coinbase
Coinbase’s user-friendly platform and intuitive interface are great for new entrants in the crypto world.
What’s more, the platform offers a wide range of cryptocurrencies to choose from as well as advanced security features.
Coinbase fees
Coinbase has a variable fee structure that depends on the size of the trade. Trades less than $200 attract a flat fee while trades above $200 are charged based on a percentage.
In addition to fixed charges, there’s also a spread-based fee of 0.50%.
| Size of Trade | Fee |
| $10 or lower | $0.99 |
| $10 to $25 | $1.49 |
| $25 to $50 | $1.99 |
| $50 to $200 | $2.99 |
| Above $200 | Percentage-based fee |
Pros
- Fast and easy
- Low trading fees
- Top-notch security
- Advanced trading options
- Two-factor authentication
- Over 100 cryptocurrencies are supported
Relatively high transaction fees
Slow customer service
Cons
Binance US
Binance is the largest crypto exchange in the world by trading volume. The crypto exchange was founded in 2017 by Changpeng Zhao and is registered in the Cayman Islands.
Binance operates Binance.com as well as Binance US – a trimmed-down version of the Binance site to comply with US regulations. Although Binance owns Binance.US, the U.S. company is managed independently.
Who is Binance most suitable for?
With legion features and a sophisticated platform, Binance is most suitable for intermediate and advanced traders.
Its competitive fees, advanced charts, and multiple order types make Binance a solid platform for experienced traders.
Why we chose Binance US
Binance US has a wide array of trading pairs, competitive fees, and advanced trading features.
What’s more, it is the largest crypto trading platform in the world by trading volume and has a diverse ecosystem.
Binance fees
Binance has an attractive fee structure. The platform offers a flat 0.1% for most trading activities.
Low fees: Binance’s 0.1% trading fees are lower than many other US exchanges.
Trading pairs: Although Binance US doesn’t offer as many trading pairs as the main site, it has over a hundred cryptocurrencies which outpace many other US exchanges.
Pros
Accessibility: The US site is not available in all 50 states.
Regulatory Issues: The main site has run into several issues with regulators in some countries.
Cons
Gemini
Gemini was founded in 2015 by the famous Winklevoss twins: Tyler and Cameron Winklevoss. The crypto exchange is based in New York and has a reputation for security and regulatory compliance.
The exchange is run by the Gemini Trust Company, LLC – a New York Trust Company.
In addition to a crypto exchange, Gemini also runs a wallet service, a custodial service (for institutional investors), and an advanced trading platform.
The exchange is also the issuer of Gemini Dollar (GUSD) – a dollar-collateralized stablecoin as well as a yield-earning service (Gemini Earn).
Who is Gemini most suitable for?
Gemini has a user-friendly platform and an advanced trading interface that makes it suitable for beginner, intermediate, and pro traders.
Its solid security infrastructure also makes it an attractive option for institutional investors and asset managers looking to invest in crypto.
Why we chose Gemini
Gemini has built a strong reputation for security and regulatory compliance that makes it one of the most secure exchanges in the crypto space.
The company goes above and beyond to be regulatory compliant and keep funds under its custody secure. A testament to this is the fact that the platform has never been hacked.
Gemini fees
Gemini offers relatively higher fees compared to the competition. Gemini’s fee structure is based on user activity like transfers and withdrawals.
The exchange also charges convenience fees (for using the web or mobile app). There’s also a Gemini earn fee – which is a fee charged for the Gemini Earn service.
Here’s a summary of the different fees:
| Activity/Service | Fee |
|---|---|
| Transfer (deposits and withdrawals) | Wire transfer deposits: FreeDeposit via debit card: 3.49%Withdrawal Fee: Variable (depends on the coin) |
| Gemini Earn | Variable |
| Transactions | Flat fee for trades up to $200 1.49% fee for trades over $200 |
| Convenience | 0.50% spread in the price of the crypto asset you are trading |
Beginner friendly
Regulatory complaint
Solid security infrastructure
Advanced trading interface
Wide range of products
Pros
High fees
Long verification process
Only 100+ cryptocurrencies available
Cons
How to buy Dai
Steps
Find a good Platform
There are multiple exchanges where you can buy Dai. To save you the stress of finding the best platforms, we have explored multiple platforms and trimmed down the list to three: Binance, Coinbase, and Gemini.Buy some Dai
Once you have signed up or signed into your account (whichever the case may be), head over to the buy crypto tab. The tab would look different for different exchanges but it will be described in a way that implies that you can use the button to buy crypto. Regardless of the crypto exchange you use, you will find multiple payment methods for buying Dai. Choose the option that’s most suitable for you.Store your coins securely
While crypto exchanges provide a wallet for storing your funds, it’s not a good idea to leave money on an exchange if you are not actively trading. Instead, store your funds in decentralized wallets like Trezor and Ledger Nano X.Should you buy Dai now?
DAI is a good way to alleviate the risk associated with dealing with volatile crypto assets.
Stablecoins are useful during periods of extreme volatility and uncertainty. They are also a good option if you want to hold US dollars but can’t access actual dollars.
Because DAI is fully backed (1:1) by the US dollar, DAI can be considered as the tokenized version of the US dollar. Stablecoins like DAI can help you de-risk from a volatile asset that’s in fast decline.
Is Dai a Good Investment?
While DAI is not subject to the kind of price fluctuations that can provide a quick return on your investment, it can help you protect your portfolio from the negative effects of downturns in a highly volatile crypto market.
What Is the future of Dai?
Dai has gained widespread acceptance and popularity in the crypto ecosystem. Going into the future, Dai will continue to extend its reach in the crypto space.
Some likely developments in the future would include deeper integration within the DeFi ecosystem and enhancements in stability mechanisms as well as multichain integration.
Where to store Dai after I buy it?
To store your Dai tokens, you will need a digital wallet – the crypto equivalent of a bank account. Crypto wallets come in two forms:
- Software Wallets: These are software applications designed for the secure storage of cryptocurrencies. Similar to a bank account, they provide you with a unique address to send and receive Dai, known as a wallet address. Additionally, software wallets require a password, referred to as a private key, to authenticate transactions. Popular examples of software wallets that support Dai include MetaMask and TrustWallet.
- Hardware Wallets: If you prioritize an extra layer of security and prefer a physical form for your wallet, hardware wallets are an excellent choice. They function similarly to software wallets but offer enhanced protection. Some of the well-known hardware wallets that support Dai include Trezor and Ledger X.
While many cryptocurrency exchanges offer built-in wallets for storing your Dai tokens, it’s generally not advisable to leave your funds on an exchange, especially if you are not actively trading.
To ensure the utmost security for your Dai holdings, consider using hardware wallets like those mentioned above. These physical devices provide an added layer of protection, making them an ideal choice for those looking to store their Dai tokens securely.
