Do you want to sell your DAI but are unsure where to do it? You can learn how to sell DAI for VND quickly, securely, and with minimal transaction fees by reading this article from BitcoinVN News.
The Value of the DAI Stablecoin
DAI is a stablecoin created by MakerDAO, a decentralized autonomous organization. DAI’s value is set at $1 because it is correlated with the US dollar.
DAI helps users avoid the risk of other cryptocurrencies’ price volatility by maintaining a consistent value as a stablecoin. Furthermore, this stablecoin is seen as a possible financial instrument that can facilitate easier and safer access to decentralized financial services for consumers.
At the time of writing, DAI had a market capitalization of $5.3 billion, with each coin worth one US dollar.
How to sell DAI for VND simply and fast
Selling DAI on the BitcoinVN exchange
BitcoinVN allows you to trade without an account; however, each transaction must be worth less than 5 million VND and cannot exceed 20 million VND per month.
In order to avoid illegal activities and comply with AML (anti-money laundering) laws, you must complete KYC and have a logged-in account in order to trade larger amounts.
You can use Telegram to create a BitcoinVN account or submit the following required information:
You can exchange cryptocurrencies in larger amounts – up to 15,000 USD, approximately 300 million VND – after creating an account and finishing the KYC process.
To begin selling DAI for VND, go to the BitcoinVN exchange and follow these steps:
- Step 1: Click DAI under the “You send” section. To complete the transaction, choose DAI that is compatible with the same blockchain that you already acquired.
- Step 2: In the “You receive” section, select VND. You can choose to receive the money by bank transfer or go to other BitcoinVN branches to receive cash.
- Step 3: Enter the amount of DAI you wish to sell, and the appropriate VND amount will be displayed. After providing all the required information, click “Swap” to complete the transaction.
You can now sell DAI quickly and securely in three easy steps. If you have any questions or find any technical issues during the transaction, please contact us at [email protected] for assistance.
Selling DAI at BitcoinVN OTC
OTC is the ideal choice if you wish to sell DAI that is worth more than $15,000 for the following reasons:
- Competitive pricing: Compared to established exchanges, BitcoinVN’s OTC provides more affordable prices.
- High liquidity: Compared to standard exchanges, OTC trading frequently has greater liquidity. This means that selling your coins will be easier and faster.
- High security: To guarantee the security of customer data and transactions, BitcoinVN offers personal 1:1 OTC trading services.
Visit our website, https://bitcoinvn.io/otc/, for advice and assistance in scheduling a trading session.
BitcoinVN is a reputable exchange that has been operating for ten years.
BitcoinVN, founded in 2014, is a bitcoin exchange whose purpose is to offer Vietnamese customers an efficient, secure platform for exchanging cryptocurrencies.
Our platform supports more than 88 different cryptocurrencies, with trading fees starting at 0.2%. We are always prepared to help you with any transaction you make, regardless of the amount that you trade.
BitcoinVN operates a large number of Bitcoin ATMs and OTC systems in Vietnam and has attended major conferences such as Bitcoin Thailand, Bitcoin Conference in Bali, LightningCon Da Nang, and more.
Please do not hesitate to contact us via email at [email protected] for consultation and support. We are always available to assist clients 24/7 with questions and to resolve any difficulties that may emerge during the trading process.
Learn more about us at https://bitcoinvn.io/about-us
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Further reading: DAI stablecoin usage in Vietnam – a summer 2024 review
