How To Sell DAI

SimpleSwap is happy to welcome you here, on the crypto exchange platform. We are doing our best to meet our customers’ needs and to make the exchange of crypto and fiat currencies as convenient and fast as possible. With us, you can easily sell DAI tokens and other cryptocurrencies to get the most popular fiat, such as EUR and USD.

Dai was created in 2014, and the main idea of the project was to allow people to take loans supported by cryptocurrencies. Officially the Dai project was launched as a non-volatile lending service in 2017. Dai is built on the Ethereum blockchain.

By locking different crypto assets, Dai is trying to maintain a 1:1 value to the U.S. dollar. Dai offers a great opportunity for traditional banking loans. Instead of letting a bank evaluate their capabilities, people can put up their ETH and receive the loan. When paying back, they will have to pay an additional fee, which is significantly less than bank interest.

Where and when to sell DAI

If you decide to leave the Dai platform you may need to sell DAI tokens that are left with you. To do so we invite you to visit the SimpleSwap exchange. We will do our best to make sure that your experience is nothing but pleasure!

How to sell DAI on SimpleSwap

If you want to sell DAI for USD, here is the instruction on how to do it:

1. Choose the DAI-to-USD pair
   
   There should be DAI in the “You send” section.
   
   Enter the amount of DAI you would like to sell.
   
   Check that there is US Dollar (USD) in the “You get” section.
   
   Click the “Exchange” button.
2. Confirm your intention to sell DAI tokens
   
   Check the details and click the “Create an exchange” button.
   
   To continue crypto-to-fiat operation you need to agree with the Terms of Service and Privacy Policy.
   
   If everything is fine, click the “Sell” button.
3. Provide the necessary information to sell DAI
   
   You will be redirected to the page operated by our partner Mercuryo to sell DAI for USD. You’ll be asked to provide your email and verify your identity.
   
   Fill in the card info, you will get USD to this bank card when the operation is finished. Don’t forget to mention your refund address.
4. Sell DAI and receive USD
   
   Then, you’ll see a blockchain address to send DAI tokens. When it is done, just wait for USD to come to your bank card. Track your operation status by email.
   
   

Looks pretty simple, right? We are also glad to provide you with a great detailed video guide to show the whole step-by-step process of dealing with fiat-to-crypto operations.

Please, notice that a fiat-to-crypto and crypto-to-fiat exchange feature is offered to you by Mercuryo, SimpleSwap’s independent partner. SimpleSwap doesn’t keep or have access to your personal data and does not assume any liability or any loss or damage caused by your usage of Mercuryo’s services.

SimpleSwap reminds you that this article is provided for informational purposes only and does not provide investment advice. All purchases and cryptocurrency investments are your own responsibility.