How to buy Dai (DAI) in the UK

Learn how to buy Dai (DAI) on 4+ crypto exchanges in our step-by-step guide.

Don't invest unless you're prepared to lose all the money you invest. This is a high-risk investment and you should not expect to be protected if something goes wrong. Take 2 mins to learn more.

Dai (DAI) is a cryptoasset that currently ranks as the 25th largest by market cap (that's the total value of Dai in circulation – $5.2 billion).

Like all cryptoassets, it's highly volatile, and capable of major price swings in a single day. As of 15 June, DAI is trading for $1.00 (£0.79), an increase of 0.07% against $1.00 24 hours earlier. Over the past year, Dai's price has seen a decrease of 0.05%.

How to buy Dai in 4 steps

  1. Compare crypto exchanges
    The easiest way to buy Dai is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit funds using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Dai
    You can now exchange your funds for Dai. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking "Buy". If you like, you can now withdraw your Dai to your personal wallet.

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

Best for beginners

Go to site
Capital at risk. T&Cs apply.
  • Copy trading features
  • Well-trusted exchange
  • Tiered membership options

Best for overall exchange

Finder Award
Go to site
Capital at risk. T&Cs apply.
  • Large selection of cryptocurrencies
  • Low fees for active traders
  • Pleasant UI for new traders

Best for debit card

Go to site
Capital at risk. T&Cs apply.
  • No fiat deposit/withdrawal fees
  • Expansive list of digital assets
  • Available in 184+ countries

Where to buy Dai

Find an exchange to buy, sell and trade Dai by comparing deposit methods, supported fiat currencies and fees. Select "Go to site" to sign up directly with the exchange.

1 - 5 of 6
Name Product Finder score FCA-registered Minimum deposit Cryptocurrencies Offer
eToro UK Cryptoasset Investing
4.0
★★★★★
$100

76

Kraken Cryptocurrency Exchange
4.0
★★★★★
£1

238

Uphold - Digital Asset Platform
3.5
★★★★★
£10

214

CoinJar Cryptocurrency Exchange
4.5
★★★★★
£10

63

Coinpass Cryptocurrency Exchange
Not rated yet
£10

13

Disclaimer: Star ratings are only displayed for products with 10 or more reviews.
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These exchanges cover a wide range of cryptocurrencies, but we can’t guarantee they’ll all offer this coin.

Is it a good time to buy Dai?

Only you can make the decision about when is the best time to buy Dai. However, here are some things to consider as part of your research.

Take a look at the fundamentals of Dai. What type of coin is it? Utility, payment or governance token etc? How large is its market cap? How many coins are in circulation? All this will help you to understand how Dai works and how much risk is involved.

Also consider how has performed so far. Our charts below show you Dai's performance over time as well as its all time high.

Recent Dai developments

March 11, 2023: The price of DAI depegged and fell to 87 cents USD in line with USDC. This was due to DAI being largely collateralised by USDC. USDC's parent company, Circle, revealed it was affected by the closure Silicon Valley Bank which caused the price of USDC to fall.

Dai to USD and GBP calculator

Our calculator works out how much Dai would be worth in USD and GBP, depending on how much you hold or are looking to purchase.

DAI price last updated 15 June 2024, 11:06 UTC.

DAI
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Frequently asked questions

*Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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