Do you want to sell your DAI but are unsure of where to do it? You may learn how to sell DAI cryptocurrency for VND fast, 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 since it is correlated with the US dollar.
DAI helps users avoid the danger of other cryptocurrencies’ price volatility by maintaining a consistent value as a stablecoin. Furthermore, this stablecoin is seen as a possible financial instrument that would facilitate consumers’ easier and safer access to decentralized financial services.
At the time of writing, DAI had a market value of $5.3 billion, with each coin worth one US dollar.
How to sell DAI for VND simply and fast
Selling DAI on the Bitcoin VN 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 login account in order to trade with larger amounts.
You can use Telegram to create a BitcoinVN account or submit the required information that follows:
You can exchange cryptocurrencies with higher 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 do the following steps:
- Step 1: Click on 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: At the “You receive” section, select VND. You can choose to wire transfer the money or go to other BitcoinVN branches to receive cash.
- Step 3: Enter the quantity of DAI you wish to sell, and the appropriate VND amount will be presented. After providing all the required information, click “Swap” to complete the transaction.
You may now sell DAI fast and securely in three easy steps. If you have any queries or find any technical issues throughout the transaction, please contact us at support@bitcoinvn.io for assistance.
Selling DAI at BitcoinVN OTC
OTC is the ideal choice if you wish to sell DAI that is valued at 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 regular exchanges, OTC trading frequently has greater liquidity. This implies that selling your coins will be easier and faster.
- High security: To guarantee the security of client data and transactions, BitcoinVN offers personal 1:1 OTC trading services.
Visit our website, https://otc.bitcoinvn.io/, for advice and assistance in scheduling a trading session.
BitcoinVN is a respectable exchange that has been operating for ten years.
The purpose of the 2014-founded bitcoin exchange BitcoinVN is to offer Vietnamese consumers 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 deal you make, regardless of the amount that you trade.
BitcoinVN operates a large number of Bitcoin ATMs and OTC systems in Vietnam and attends significant conferences such as Bitcoin Thailand, Bitcoin Conference in Bali, LightningCon Da Nang, etc.
Please do not hesitate to contact us via email at support@bitcoinvn.io for consultation and support. We are always available to assist clients 24/7 with queries and to resolve any difficulties that may emerge throughout 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
