How to buy DAI at Stealthex.io
Today we will show you how to buy DAI for another cryptocurrency using the Stealthex.io exchange platform
Let us tell you a few words about this trending coin. DAI is an asset-backed, hard currency for the 21st century. It is the first decentralized stablecoin on the Ethereum blockchain and a reliable source of stability in the face of volatility. DAI is a cryptocurrency that automatically reacts to emergent market conditions in order to stabilize its value against the major world currencies.
Each DAI coin is always worth 1 USD and is autonomously maintained using smart contracts that adapt and respond to market dynamics, which guarantees that the currency remains pegged to the USD and provides traders with stability regardless of the state of the market.
DAI is a price stable coin that is suitable for payments, savings, or collateral. It lives completely on the blockchain with its stability unmediated by the legal system or trusted counterparties and helps facilitate trading while staying entirely in the world of cryptocurrencies. DAI also works in unison with the Maker token, which is more stable than most digital currencies on the market because of how it’s valued. DAI means security, transparency, and resiliency.
You can exchange 200+ coins for DAI and vice versa on Stealthex. You can be assured that your swap will be easy, secure and anonymous. There is no need to register an account and share any of your personal details.
Let’s imagine you want to exchange Ethereum to DAI.
To make an exchange, you need to take a few simple steps:
At first, choose Ethereum in the top drop-down list. Then choose DAI in the second list of coins. After setting the pair it is necessary to enter the amount of Ethereum you want to exchange. Here you will see the estimated amount of DAI that you will receive after the exchange.
There is a minimum amount of Ethereum that can be exchanged for DAI. It will not be possible to exchange an amount that is less than the minimum one.
Now when everything is set for the exchange, press “Start Exchange” and you will be taken to the next page.
As the second step, you need to provide the DAI recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as transactions recorded in the blockchain cannot be canceled.
As soon as you have carefully checked all the details, press Continue to be redirected to the page with the information about the exchange. Stealthex will show you the address where you need to send your Ethereum to continue the exchange.
After sending ETH to the shown address, you will receive DAI to the address provided. Usually, the process is quite rapid and you won’t need to wait long.
Stealthex will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
If you have questions about the Stealthex exchange service you can go to our FAQ section and find all the necessary information there. We look forward to seeing you on Stealthex!
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