What is a Dai wallet
Before we continue with your Dai wallet, let's take a moment to find out what is a Dai wallet in the first place.
Basically, it is a device, an app or an online service used to manage your crypto. Every DAI wallet is unique, and it has its own public address and a private key.
The public address is used to receive your crypto: when somebody sends DAI to this address, it will arrive in your wallet. The private key is used to access your crypto: anyone who has it can spend your DAI. Keep it safe: the safest private key makes for the safest Dai wallet!
Note that all crypto wallets work the same: a free Dai wallet will store your crypto the same way as a dedicated hardware wallet. The main differences are safety and user experience.
Please read this detailed article explaining risks associated with custodial wallets.
At Paybis, we strongly believe crypto should be safe, simple and accessible. We offer a Dai wallet that is remarkably easy to get and use. If you like to keep things simple, this DAI wallet is worth considering. We've also put together an article outlining how we address custodial risks.
Getting your Dai wallet
We offer an online Dai wallet, that is, an online service you can access right from your browser. The only thing you need is a Paybis profile – and, if you don't have it, you can sign up in just a few minutes.
All it takes is three simple steps:
Log onto your Paybis profile and click the Wallets tab;
Select Add wallet and pick Dai wallet from the dropdown menu;
Your free DAI wallet is now ready to use!
Really, that's it – you now have a fully functional DAI wallet without any restrictions, and you can start using it right away!
Using your DAI wallet
You may want to add some Dai to your new Dai wallet – and our wallet offers you two options:
Add crypto from an outside source using your public address – hit Deposit;
When you get DAI on Paybis via any payment method, you have the option to open a Paybis Wallet automatically.
The choice is yours, but, if you like our wallet, odds are you'll love our crypto exchange. It's just as fast, simple and convenient – you can go from no Dai and no wallet to Dai in your own wallet in just a few minutes! Note, DAI purchases at Paybis are restricted for UK customers.
You can always access your wallet from the Wallets tab, so you don't have to worry about losing your private key.
And, of course, there are absolutely no restrictions on your crypto. You can send it to another Dai wallet, and we won't charge any withdrawal fees, except for the standard blockchain fees.
Now you know what is a Dai wallet. Whether or not this DAI wallet suits you depends on your unique needs and preferences. Scroll back up and get your free Paybis wallet today!
