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DAI

How to Buy Dai with Credit Card or Debit Card

A Quick and Simple Way to Buy DAI

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If you're already familiar with it, you may be wondering how to buy Dai. There's a more involved way to get it, but you can also buy DAI with a credit card instantly and with no hassle:

  • Decide how much DAI you want to get and click Buy Dai
  • Make a payment with your card, just like any other online purchase
  • Receive your Dai in your own wallet

That's it. You can buy DAI now, or keep scrolling to learn more.

What to Consider If You Want to Buy DAI

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Dai is a stablecoin, a coin designed to maintain a stable value. Like USDT and USDC, it's pegged to 1 USD.

Unlike USDT and USDC, the DAI stablecoin is also decentralized. There's no single bank account holding one dollar for every DAI in circulation. Instead, it's backed by other cryptocurrencies through smart contracts and decentralized finance protocols, with decisions about how the system runs handled through decentralized governance rather than a central company.

Anyone can create Dai by depositing crypto collateral, that's the more involved method we mentioned. Once created, it can be used like any other stablecoin.

How the Maker Protocol Governs DAI

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The maker protocol is the decentralized finance system that creates and manages DAI. Holders of MKR, the protocol's separate governance token, vote on key parameters like collateral types and stability fees through decentralized governance, rather than a company making those calls behind closed doors.

This matters if you're researching Dai's stability, since the smart contracts underpinning the dai stablecoin are the same ones MKR holders vote to adjust. You don't need to hold MKR or understand the governance process to buy or use Dai, but it explains why the system behaves the way it does.

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