Learn about DAI's differences and quotes
25 Sep, 2022
Learn more about DAI
DAI Token or ETH: what's the difference?
DAI is a stablecoin developed by MakerDAO. DAOs are organizations managed by the user community. The DAI token is based on the Ethereum network, so it is an asset that follows the standard of that network's protocol. ETH, in turn, is the native cryptocurrency of the Ethereum network and can be used as a means of payment within that blockchain. Unlike the DAI token which is priced around 1 USD, the price of ETH varies freely in the market.
What's the price of the DAI today?
Since DAI is a stablecoin, its price is linked to the price of another asset. In this case, US dollars. Thus, 1 DAI is equivalent to approximately 1 USD. If you want to know the approximate value of 1 DAI in a different currency, just check the US dollar exchange rate against the currency you want to compare.
Is DAI considered a stablecoin?
Yes, it is a stablecoin and a cryptoasset that has lower volatility compared to other types of cryptocurrencies. DAI uses other cryptocurrencies as collateral to guarantee its transactions, besides using its own mechanism to assure that its price is approximately 1 USD.
How to buy DAI?
The safest way to buy and sell DAI is using the services of an exchange. Bitso is one of the fastest growing digital currency exchanges in Latin America. After registering on the Bitso website or app, you can buy DAI and other cryptocurrencies in a quick, simple and secure way, starting with 5 USD. If you need guidance, just contact our team of experts!