How to Sell Dai (DAI) for Fiat Currency

Learn what is Dai and how to sell DAI for fiat currency.

Sell Dai in 5 Effortless Steps

Enter the amount of Dai you’d like to sell for fiat.

Choose your desired fiat payout method (e.g., bank transfer).

Provide necessary details (e.g. wallet address, bank account info).

Review and confirm the transaction.

Receive your fiat currency in your chosen destination.

How to directly Sell Dai directly on other chains for Fiat?

Sell DAI for fiat on any available chain on Transak.

How to directly sell DAI on Ethereum

Transak is a leading crypto-to-fiat selling platform. Users can quickly exchange their cryptocurrency for local currency in 162+ countries.Transak supports Dai on Ethereum. If you hold Dai on Ethereum, you can instantly sell it for fiat by following 5 easy steps.

Sell Dai in 5 Easy Steps:

Go to global.transak.com and switch to the “Sell” tab.

Select Ethereum as the network from the crypto drop-down menu and choose DAI as the asset you want to sell.

Select the payout method of your choice from the available options and review the amount of fiat currency you will receive.

Verify with your personal and payout details and proceed to transfer.

Transfer DAI to the specified address and get your fiat soon after confirmation.

Sell DAI on Ethereum Today

How to directly sell DAI on Polygon

Transak is a leading crypto-to-fiat selling platform. Users can quickly exchange their cryptocurrency for local currency in 162+ countries.Transak supports Dai on Polygon. If you hold Dai on Polygon, you can instantly sell it for fiat by following 5 easy steps.

Sell Dai in 5 Easy Steps:

Go to global.transak.com and switch to the “Sell” tab.

Select Polygon as the network from the crypto drop-down menu and choose DAI as the asset you want to sell.

Select the payout method of your choice from the available options and review the amount of fiat currency you will receive.

Verify with your personal and payout details and proceed to transfer.

Transfer DAI to the specified address and get your fiat soon after confirmation.

Sell DAI on Polygon Today

How to directly sell DAI on Palm

Transak is a leading crypto-to-fiat selling platform. Users can quickly exchange their cryptocurrency for local currency in 162+ countries.Transak supports Dai on Palm. If you hold Dai on Palm, you can instantly sell it for fiat by following 5 easy steps.

Sell Dai in 5 Easy Steps:

Go to global.transak.com and switch to the “Sell” tab.

Select Palm as the network from the crypto drop-down menu and choose DAI as the asset you want to sell.

Select the payout method of your choice from the available options and review the amount of fiat currency you will receive.

Verify with your personal and payout details and proceed to transfer.

Transfer DAI to the specified address and get your fiat soon after confirmation.

Sell DAI on Palm Today

Sell Dai for Fiat Across Multiple Blockchains

If you have Dai (DAI) on multiple blockchain networks, you can still sell it for fiat on Transak.

Step-by-Step Process

1. Select Your Blockchain Network

Start by choosing the blockchain network from which you wish to sell your Dai. Transak supports multiple networks (based on the cryptocurrency), giving you the flexibility to choose the one that best suits your needs.

2. Enter Amount of DAI You Wish to Sell

In the “You pay” field of the Transak interface, input the amount of Dai (DAI) you wish to sell to fiat. Transak will display the equivalent amount of fiat currency you'll receive based on the current exchange rate and the blockchain network you selected.

3. Complete KYC Verification (if necessary)

Transak employs a multi-level KYC solution. Based on the amount of cryptocurrency you are selling and the region, you may be prompted to complete a quick KYC verification.

Full KYC-verified users do not have to undergo the check again in the future.

4.Choose The Fiat Payout Method

Enter the bank details or card information where you want to receive fiat currency. Ensure the details are accurate as money once transferred cannot be refunded.

5. Confirm Transaction and Transfer Fiat

Review your details and click “Confirm.” Acknowledge the disclaimer and capture the provided wallet address.

Transfer the specified amount of cryptocurrency to the wallet address. Select “I have paid” once the transaction is successful.

Sell Dai for Fiat using Visa

Visa is helping Transak enhance its global off-ramp service by implementing Visa Direct capabilities.

This collaboration allows Transak users in over 162+ countries to seamlessly sell their cryptocurrency holdings into local fiat currencies through real-time card withdrawals.

This partnership is a significant step towards the mainstream adoption of digital currencies, making it easier for users to access and utilize their crypto assets in the real world.

Read more about the Transak-Visa partnership here.

Why Sell Dai for Fiat?

In places where cryptocurrencies are not legal tender, selling Dai (DAI) for fiat currency is how people can get their “money” back and use it to purchase goods and services.

Transak's robust off-ramping infrastructure allows users from all over the world to quickly sell cryptocurrency (sell to their local currency).

Why Sell Dai (DAI)?

Selling Dai (DAI) is a personal decision and we encourage doing your own research. Below are a few reasons why users may choose to sell DAI:

Realize Profits: If the value of your Dai has increased since you acquired it, selling allows you to lock in those gains and sell them into spendable fiat currency.
Liquidity Needs: Selling Dai can provide immediate liquidity for other investments, paying bills, or covering unexpected expenses.
Portfolio Diversification: Selling some of your crypto holdings for fiat can help diversify your investment portfolio, balancing the potential risks and returns.
Regulatory and Tax Considerations: Depending on your jurisdiction, there might be tax advantages to selling DAI. Talk to a financial advisor for more information.