DAI to BCH conversion chart
Dai to Bitcoin Cash correlation
DAI and BCH are not correlated to each other as BCH's value depends on supply and demand. Whereas, DAI is a stablecoin that is backed by traditional fiats like the dollar and the euro. DAI’s value remains the same, which is $1 regardless of the market conditions. Hence, BCH and DAI do not share a strong relationship.
DAI Price Change and Market Cap
Currently, the DAI price is 0.002749 BCH and the 24-hour change is 1.55%. The market cap of Dai today is $6 with a total of 6.34 units in circulation. In the past 24 hours, the DAI price peaked at 0.002845 BCH and the lowest price was 0.002721 BCH.
Dai Price Prediction
DAI is a stablecoin built on the Ethereum blockchain. In contrast to other stablecoins, DAI is not pegged to fiat currencies. DAI is backed by Maker to keep the price of DAI stable at $1. The price of DAI is regulated by the issuance and burning of the MKR tokens. Due to this backing by another cryptocurrency, DAI price will always be the same, $1, even in the long run.
DAI Wallets
Did you know that popular cryptocurrency wallets such as Trezor, Coolwallet S and Exodus have already integrated ChangeHero? Yes, with these wallets you can track live DAI price and also exchange it without leaving the application. Pick one which suits you best and enjoy crypto exchange on the go.
DAI to BCH exchange margin
The closing conversion rate for DAI to BCH yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 DAI to BCH would result in an output of 0.002749 BCH.
How to convert Dai to Bitcoin Cash
Dai and Bitcoin Cash comparison
Dai is a stablecoin built on the Ethereum blockchain, issued and governed by the MakerDAO. It keeps a 1:1 ratio with the US dollar by utilizing a mechanism maintaining its stability. Unlike other algorithmic stablecoins, the token is over-collateralized and secured with multiple cryptocurrencies. The DAI creators designed it to be a universal means of payment and wealth accumulation devoid of high volatility characteristic of altcoins.
Bitcoin Cash is a younger cryptocurrency which was formed due to the hard fork in Bitcoin. The purpose behind the invention of the Bitcoin was to enable peer-to-peer transactions, but as the cryptocurrency took off, the surge in transactions and the block size cap limited its use cases. To overcome this problem, the community debated increasing the block size and second-layer solutions. While a majority of them voted in favor of the second-layer solutions, the rest of the community decided to fork the chain and create a new chain with increased block size. The fork took place in 2017 and the new chain was given the name Bitcoin Cash and got the ticker BCH. Bitcoin Cash’s motto is to keep the founding principles of the Bitcoin and ensure that it is being put to use as a digital means of payment everywhere. Bitcoin Cash gained a reputation in the community in a short period and more merchants are accepting Bitcoin Cash.
What is Dai?
The Dai stablecoin is a collateral-backed cryptocurrency whose value is stable relative to the US Dollar through a series of complementary financial incentives. The currency lives entirely on the blockchain; its stability does not depend on any locality, and its solvency does not depend on any trusted counterparties. All Dai is supported by a surplus of collateral, which has been escrowed into audited and publicly viewable Ethereum smart contracts.
Dai to Bitcoin Cash price details
DAI to BCH Conversion Rate and Price
Currently, the conversion rate for 1 DAI equals to 0.002749 BCH. The 24-hour highest price of Dai in relation to BCH was 0.002845 BCH and the lowest was 0.002721 BCH. In short, DAI price in relation to BCH changed by 1.55%.
Instantly Exchange DAI to BCH
On ChangeHero you can instantly exchange Dai to Bitcoin Cash without signup. You can easily convert DAI to BCH in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your DAI to BCH exchange.
DAI to BCH Best Rate Exchange
In the Best Rate exchange of Dai to Bitcoin Cash, we search through various exchanges for the DAI to BCH pair and find the best rate available in the market. We provide you with an estimation of the amount of BCH you will receive.
As soon as you accept the terms and the DAI is deposited, the exchange will be automatically processed. We remind you that the final amount of BCH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of DAI to BCH.
DAI to BCH Fixed Rate Conversion
In the Fixed Rate exchange of Dai to Bitcoin Cash, ChangeHero finds a good rate for the pair DAI to BCH and fix the rate for up to 15 minutes. In the Best Rate exchange of DAI to BCH, you will receive the exact amount of BCH which was shown in the estimate.
ChangeHero is a non-custodial service and never holds your cryptocurrency. As soon as the exchange is completed, we send your assets to the mentioned BCH address. ChangeHero is the best place to exchange DAI to BCH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert DAI to BCH?
Usually, it takes around 15 minutes but the time may vary depending on how busy the network is.
Do I need an account to exchange DAI to BCH?
No, you do not require an account to swap DAI to BCH on ChangeHero. There will be no registrations for your Dai to Bitcoin Cash transaction.
Do I need to go through KYC procedures for DAI to BCH exchange?
There will be no KYC for the DAI to BCH exchange. However, if our threat detection system raises the alarm then we ask you to complete a simple verification procedure that takes a few minutes.
Can I exchange BCH to DAI?
Yes, you can instantly exchange BCH to DAI on ChangeHero.