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Where & how to buy DAI (DAI) in Western Sahara

Updated on:  2024/12/11 18:17:11(UTC+0)
Coin rating
4.6
Bitget is legally accessible in Western Sahara. You can buy DAI in Western Sahara through Bitget.
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In this tutorial, we will discuss:
1
Where and how to buy DAI in Western Sahara
2
Alternative methods to obtain DAI in Western Sahara
3
Methods to obtain DAI for free
4
What are the applications of DAI in Western Sahara
5
Market stats to assist in determining optimal times for purchasing DAI
6
How to safely store your DAI
7
How to withdraw DAI

Where and how to buy DAI in Western Sahara

Investing in DAI has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy DAI. Here's a step-by-step guide on how to buy DAI on Bitget.

Step-by-step guide

Step 1: Create a Bitget account.

Sign up and download the Bitget app to start your journey on Bitget.

Step 2: Complete Bitget's identity verification.

Kindly verify your identity to ensure full compliance and enhance your Bitget experience.
You can access the identity verification page, fill out your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 3: Place a DAI order through any of the various payment options provided.

Credit/Debit card: For Visa/Mastercard, select Credit/Debit card and then click Add New Card in the Buy Crypto tab.
Complete your payment on Bitget App image 1Credit/Debit in the Buy Crypto tab of the Bitget app
Enter the bank card details to complete your payment on Bitget Website image 1Credit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Complete your payment on Bitget App image 2Add a new card to complete your payment on the Bitget app
Enter the bank card details to complete your payment on Bitget Website image 2Enter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your DAI order.
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How to buy crypto with credit/debit card
Google Pay and Apple Pay: Turning your Google Pay and Apple Pay balance into DAI is easy and secure on Bitget. Click Buy Crypto > [Third Party] in the top navigation bar to place your DAI order.
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How to buy crypto via third-party gateway
Buy DAI via bank transfer: We accept iDeal and SEPA for EUR payments, PIX for BRL payments, PayID for AUD payments, UPI for INR payments, QRIS, DANA, and OVO for IDR payments, SPEI for MXN payments, and Gcash for PHP payments. Services are provided by the AlchemyPay, Banxa, Mercuryo, and Simplex payment gateways. Select Buy Crypto > [Third Party] in the top navigation bar, then select a fiat currency to place your DAI order.
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How to buy crypto on Bitget P2P
Buy DAI with your Bitget account fiat balance: You can Deposit fiat funds with Advcash, SEPA, Faster Payments, or PIX payment gateways to top up your Bitget fiat balance. Then, click Buy Crypto > [Cash conversion] in the top navigation bar to place your DAI order.
Zero-fee P2P trading: With Bitget P2P, you can buy crypto with over 100 payment methods, including bank transfer, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Just place an order, pay the seller, and you'll get your crypto. Enjoy secured transactions using escrow.

Step 4:Monitor DAI in your Bitget spot account

If you've chosen to purchase DAI on Bitget, your DAI will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.
Check your Assets
Check your assets

Alternative methods to obtain DAI in Western Sahara

In addition to purchasing DAI directly, there are numerous other ways to obtain DAI.

Convert crypto to DAI with Bitget Convert

Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to DAI. Just choose your available crypto assets, specify the amount for the DAI swap, confirm, and check DAI instantly credited to your spot account. Ensure sufficient account balance before proceeding with the conversion.
Bitget Convert Preview
Bitget Convert preview

Swap on-chain assets to DAI with Bitget Swap

Unlike buying or selling crypto, swapping does not access traditional financial rails since fiat currencies are not involved. Bitget Swap supports over 250,000 cryptocurrencies on 30 major blockchains including Ethereum, Polygon, and Solana. You can exchange any other crypto to DAI anytime, anywhere, including cross-chain transactions. Transaction gas fees are automatically converted.
Click Trade > [Bitget Swap] in the top navigation bar to swap any other cryptocurrency for DAI.

Methods to obtain DAI for free

Using real money to buy DAI is not the only way to obtainDAI. If you have the time to allocate, you can get DAI for free.
Learn how to earn DAI for free through the Learn2Earn promotion
Earn free DAI by inviting friends to join Bitget's Assist2Earn promotion
Receive free DAI airdrops by joining On-going challenges and promotions
All crypto airdrops and rewards can be converted to DAI through Bitget Convert, Bitget Swap, or Spot Trading.
Note: Want to keep tabs on coin prices? Visit our Coin prices directory or DAI Price Page and bookmark them to stay updated!
DAI
DAI Price Now:
DAI / USDT
$0.9900
0.00
0.00%24H
The live DAI price today is $0.9900 USD with a 24-hour trading volume of $2295009.09 USD. We update our DAI to USD price in realtime. DAI is 0.00% in the last 24 hours.
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Buy DAI in a different country

A selection of popular DAI buying regions.
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A welcome pack of 6200 USDT for new Bitgetters!
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How to buy DAI in other countries?

You can easily buy DAI (DAI) with the lowest fees and highest security wherever Bitget is available. Select your country in the search box below to start buying DAI in your preferred location:
This information is manually updated. If you come across any inaccuracies, please inform us at mail@bitget.com. Last checked on 2024-12-11.

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A welcome pack of 6200 USDT for new Bitgetters!

What can you do with DAI?

Now that you've secured your share of the digital revolution, it's time to take the next steps. Whether you're a seasoned investor or just starting out, explore our advanced trading features, like margin trading and futures trading, to amplify your potential returns. Keep an eye on the market through our intuitive interface and real-time charts, helping you seize opportunities as they arise. Consider staying ahead of market trends with Bitget's insightful educational resources, providing you with the knowledge you need to make informed trading decisions. Your crypto journey has just begun. With Bitget, you're positioned to navigate the exciting world of cryptocurrencies with confidence. And remember, our dedicated customer support team is here to assist you on your journey, addressing any queries you might have.
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Store/Hold DAI

Many users hold on to their DAI with the expectation of it increasing in value. You can store your DAI safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.

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Trade DAI

You can trade DAI for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for DAI trading to meet your needs.

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Send DAI

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy DAI online and send to anyone and anywhere with their DAI address.

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Spend DAI

You can also buy goods and services with your DAI. More and more vendors and retailers accept DAI every day.

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Donate DAI

Bitget Charity accepts DAI donations for global projects that aim to improve the lives of people in the bottom billion. You can donate DAI so no one misses out on the growth made possible by blockchain.

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Learn More About DAI

You can read more in-depth articles on DAI from Bitget Research and study how cryptocurrencies like DAI work on Bitget Academy

Market stats to assist in determining optimal times for purchasing DAI

Maybe you just need to know more about it. Let us briefly guide you through the most interesting DAI facts from our Bitget Academy articles. Learn why people buy DAI today!

What is MakerDAO Stablecoin (DAI)?

MakerDAO is one of the backbone projects of Decentralized Finance (DeFi), first introduced in 2015 after the launch of Ethereum’s first mainnet. It took the developer team two years to build the architecture that enables the creation of DAI Stablecoin. DAI Stablecoin is not just another stablecoin. DAI is governed by the first well-respected Decentralized Autonomous Organization (DAO), which in turn assures its decentralized nature and unbiasedness.

MakerDAO also laid the foundation for lending and borrowing activities on the Ethereum blockchain. The idea behind DAI Stablecoin and MakerDAO is to reduce involvement of financial middlemen and facilitate access to loans.

Backed By Cryptocurrencies

Even though DAI Stablecoin’s value is pegged to the US-Dollar at the 1:1 ratio, its design does not require physical reserve like USDT or USDC. MakerDAO allows borrowers to generate DAI, i.e. borrow stable digital money, upon depositing collaterals. According to MakerDAO’s Oasis app, the four types of collaterals supported include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH) and more than 10 other cryptocurrencies.

Algorithmic Stablecoin

DAI Stablecoin is the only stablecoin able to maintain its US1.00 valuation throughout the course of its existence. The smart contract design of MakerDAO decides which collaterals to be accepted, the corresponding collateral ratio, and the burn (destroying) of DAI when loans are repaid, hence the control of DAI circulating supply and its value.

Secured Lending

Default risk is the major concern of lenders. The key element in DAI Stablecoin design is the overcollateralization, meaning the ratio between collaterals and the amount of DAI to be issued must always be higher than 100%. That requirement directly targets the volatility of cryptocurrencies’ value, hence maintaining the peg between DAI and USD as well as ensuring the value of lenders’ assets.

How MakerDAO Stablecoin (DAI) Works

1. Taking out a loan:

Here is the DAI issuance process, simplified: Borrower deposits collateral, activating the minting of new DAI Stablecoins. When borrower returns the original amount of DAI (please note here that due to potential arbitraging activities, borrower may have earned more DAI than the original amount and will obviously have the right to keep the difference), collaterals will be returned to the borrower and the returned DAI will be destroyed to avoid excessive circulating tokens.

2. Liquidation:

In the case that borrower is unable to pay back the loan (in DAI) or the collateralization ratio falls below the required level, liquidation will take place. The overcollateralization rule says that the ratio between collateral and DAI must always be higher than 100%, for example 175% for wBTC. That means if you deposit US$175 in Bitcoin, you’ll receive a loan of US$100 in DAI, and the remaining US$75 is reserved for the extreme cases mentioned above. Anyone may trigger the liquidation function on the contract in order to protect the system from an impaired loan, and receive a percentage of the balance as a reward.

How Many DAI Tokens Are in Circulation?

According to CoinGecko, the current amount of DAI in circulation is 6,475,887,830 DAI (as of September 23, 2022). What is worth noting here is the maximum supply is also 6,475,887,830 DAI - that is, there is no fixed supply of DAI but DAI issuance and burn will depend on the lending activities. The excessive amount of DAI can be deliberately traded on centralized and decentralized exchanges.

How to Buy MakerDAO Stablecoin (DAI)

Consider selling or investing in MakerDAO Stablecoin (DAI)? It only takes 2 minutes to create an account on Bitget and start trading DAI.

Check out the available DAI trading pairs on Bitget!

Spot market

DAIUSDT

DAIUSDC

MegaSwap market

DAI (ERC-20)

DAI (BEP-20)

MakerDAO (DAI) Resources

Whitepaper

Official MakerDAO Website

Buy DAI in Western Sahara with Bitget 

How to safely store your DAI

After purchasing your DAI, you have several options for managing it. You can store it in your personal crypto wallet or keep it in your Bitget account. Some investors choose to hold onto their DAI for long-term growth. For enhanced security and risk management of your DAI assets, consider using Bitget Wallet, known for its top-tier protection supported by Suntwin Technology, Qingsong Cloud Security, HEAP, and Armors.
Here's how you can manage your DAI on Bitget:
1. Storing your DAI:
  • Sign up and transfer DAI to your Bitget account.
  • Alternatively, use Bitget Wallet as a self-custody solution for your DAI.
2. Trading and earning:
Trade DAI for other cryptocurrencies or stake DAI on Bitget Earn to earn passive income.
Sign up now to benefit from secure DAI management with Bitget.

How to withdraw DAI with Bitget's hassle-free withdrawal process

Using an exchange is one of the most convenient methods to cash out your DAI or other crypto, and Bitget stands out as an excellent choice. With its user-friendly Buy/Sell buttons, Bitget simplifies the experience, allowing you to intuitively select the cryptocurrency you want to sell and specify the sell amount.
When it comes to withdrawing the DAI you've acquired, Bitget offers a seamless experience. Enjoy competitive fees, a flexible minimum withdrawal threshold, and lightning-fast delivery times within 24 hours, ensuring your is readily available for you.
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Stretching along the northwest coast of the Maghreb region is the disputed territory of Western Sahara, with 20% of the nation controlled by the Sahrawi Arab Democratic Republic and the remaining 80% governed by the government of Morocco. Because of its mostly desert flatland geography, the area is one of the most sparsely populated territories on the globe, with just roughly 500,000 people living in Western Sahara, almost 40% of which all reside in Laayoune, the principal city in the region.

Western Sahara mostly uses the Moroccan Dirham (MAD) as its main currency, and you can purchase DAI(DAI) in just a matter of minutes, no matter where you are in the country, from Laayoune and Dakhla to Boujdour and Daoura. Our exchange offers a series of secure payment options to make trading easier for you, including P2P trading, crypto deposits, and other third-party merchants such as Apple Pay, Google Pay, and different credit card services.

FAQ
How do I purchase DAI?
Nowadays, you can purchase and store DAI hassle-free on a CEX like Bitget. You can use your debit/credit card, bank transfer, or perform peer-to-peer trading to buy DAI. You can easily do it on your computer, tablet, iOS, or Android.
Can I buy US$1 worth of DAI?
In theory, DAI can be divided and bought in an amount that is worth US$1, but on Bitget, the minimum order amount on the spot market is limited to US$5.
Can I buy US$10 of DAI?
Yes, can be divided and bought in an amount that is worth US$10. On Bitget, the minimum order amount on the spot market is limited to US$5.
Where else can I buy DAI?
If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.
Where is the best place to buy DAI?
The best place to buy DAI is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.
Should I buy DAI right now?
You should make a decision on purchasing or investing in DAI or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.
Cryptocurrency investment activities, including actions done to buy DAI online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy DAI instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your DAI purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.