Buy DAI Cryptocurrency  

Danish entrepreneur Rune Christensen is credited to the formation of MakerDAO – a decentralized autonomous organization – back in 2014. MakerDAO is the creator of DAI Stablecoin. On December 18, 2017, DAI and its associated smart contracts were officially launched on the main Ethereum network. The price of DAI was successfully kept close to one US dollar during its first year of existence, even though the price of Ether, the only collateral available at the time, declined by more than 80% during the same time period. In 2018, MakerDAO formed the Maker Foundation, run from Copenhagen, which is the organization facilitating the development of MakerDAO.

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How to Invest in DAI in Canada    

Investors can easily invest in DAI by creating an account with Bitbuy, adding funds to their account directly through e-Transfer or bank wire and buying DAI directly through the Bitbuy platform. Experience problems or need questions answered along the way? Do not fear, Bitbuy is always here. Our customer support team will ensure your investment journey is smooth sailing throughout.

How to buy DAI in Canada  

Buying DAI in Canada as well as other digital currencies is simple and secure with Bitbuy. Here is how it works:

Create Your Account: When you sign up to create an account on Bitbuy, you will be asked to confirm your email address, phone number, and verify your identity.    

Add Funds: Before you can buy DAI in Canada, add funds to your account directly with Interac e-Transfer, bank wire or Apple Pay.     

Buy and Sell DAI: Once you have sent money to your account, you can buy DAI instantly.  Bitbuy also makes it easy to sell DAI in Canada. Exchange your DAI for CAD and withdraw the funds back into your bank account.    

If at any point you need help signing up, verifying your account, adding funds, or buying and selling DAI, just contact customer support for same-day assistance. ‍  

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Where to buy DAI in Canada  

Bitbuy is one of the best and most secure places to buy DAI in Canada. Here is why:  

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Safe and Secure     

Every transaction you make on Bitbuy is encrypted using SSL (Secure Socket Layer) technology with two-factor authentication solutions implemented throughout. Bitbuy operates with a 99% cold storage reserve for all digital currencies in custody and executes daily encrypted and distributed backups for disaster recovery. Here at Bitbuy,  it is crucial users know that their digital assets are safe with us.    

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The Lowest Fees     

Bitbuy offers some of the lowest buying and selling fees in Canada. You can check out our trading fees and processing times before you buy DAI.  

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Award-winning Customer Support     

Buying cryptocurrency directly from individuals is slow and risky. Cryptocurrency exchange platforms like Bitbuy make the process faster and far more efficient.     

We pride ourselves on our exceptional customer support which sets us apart from other digital asset marketplaces. Simply submit a request under Bitbuy Support to be paired with one of our experts. We believe that exceptional customer support is an essential part of simplifying cryptocurrency for everyone. ‍  

Easy Funding     

Interac e-Transfer is the most popular way to pay online in Canada. Canadians want to buy DAI with Interac, but banks do not make it easy. Bitbuy exists to simplify the process when you want to buy DAI in Canada with Interac. You can use your bank account directly to fund your Bitbuy account, which you then use to buy and sell cryptocurrencies in Canada.    

We now also offer Apple Pay to fund your Bitbuy account! Simply choose Apple Pay as the option to fund your Bitbuy account and buy DAI with Apple Pay.  

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DAI Wallet  

Looking for a place to store your DAI?  Bitbuy is the perfect place to start. Bitbuy has a built-in wallet for each user that you can use to store your DAI safely and securely.    

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Where to Trade DAI  

Website (instructions for the mobile app below)  

1) Navigate to the 'Express Trade' section of your account    

When you log into your Bitbuy account you will be automatically directed to the ‘Accounts’ section of your account. Click 'Express Trade' located at the top of the page if you are already logged in. To facilitate the trade, click the 'Sell' button which will appear in red.      

2) Select DAI as the Cryptocurrency you wish to sell  

Click the drop-down and search DAI to begin the sale.    

3) Complete your sale  

Enter the amount of DAI that you wish to sell. The dollar value of your sale will be displayed below under ‘Transaction summary'. When you are ready, click the 'Sell' button to complete the transaction.    

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Mobile App    

1) Navigate to the 'Accounts' section of your account    

Sign into your Bitbuy account and you will be automatically directed to the 'Accounts' section. If you are already logged in, click on 'Accounts' in the bottom right corner of the navigation bar.      

2) Locate the cryptocurrency you want to sell      

Locate DAI and click on the 'Sell' button.    

3) Complete your sale  

Enter the amount of DAI you wish to sell. The value of your sell will be displayed at the bottom of the page. When you are ready to continue, click the 'Place Sell Order' button to complete your transaction!