DAI to BTC conversion chart
Dai to Bitcoin correlation
DAI and BTC are not correlated to each other as BTC'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, BTC and DAI do not share a strong relationship.
DAI Price Change and Market Cap
Currently, the DAI price is 0.000011 BTC and the 24-hour change is -1.94%. The market cap of Dai today is $8 with a total of 8.285 units in circulation. In the past 24 hours, the DAI price peaked at 0.00001062 BTC and the lowest price was 0.00001023 BTC.
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 BTC exchange margin
The closing conversion rate for DAI to BTC yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 DAI to BTC would result in an output of 0.000011 BTC.
How to convert Dai to Bitcoin
Dai and Bitcoin 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 was developed by Satoshi Nakamoto in 2009 with the idea of providing a peer-to-peer payment system using blockchain technology. Bitcoin network is decentralized and has an immutable record of transactions. The sole purpose of Bitcoin is to enable a means of payment system for people to transact value without any middlemen.
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 price details
DAI to BTC Conversion Rate and Price
Currently, the conversion rate for 1 DAI equals to 0.000011 BTC. The 24-hour highest price of Dai in relation to BTC was 0.00001062 BTC and the lowest was 0.00001023 BTC. In short, DAI price in relation to BTC changed by -1.94%.
Instantly Exchange DAI to BTC
On ChangeHero you can instantly exchange Dai to Bitcoin without signup. You can easily convert DAI to BTC in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your DAI to BTC exchange.
DAI to BTC Best Rate Exchange
In the Best Rate exchange of Dai to Bitcoin, we search through various exchanges for the DAI to BTC pair and find the best rate available in the market. We provide you with an estimation of the amount of BTC 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 BTC you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of DAI to BTC.
DAI to BTC Fixed Rate Conversion
In the Fixed Rate exchange of Dai to Bitcoin, ChangeHero finds a good rate for the pair DAI to BTC and fix the rate for up to 15 minutes. In the Best Rate exchange of DAI to BTC, you will receive the exact amount of BTC 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 BTC address. ChangeHero is the best place to exchange DAI to BTC fast and safe at the best rates.
Frequently asked questions
How long does it take to convert DAI to BTC?
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 BTC?
No, you do not require an account to swap DAI to BTC on ChangeHero. There will be no registrations for your Dai to Bitcoin transaction.
Do I need to go through KYC procedures for DAI to BTC exchange?
There will be no KYC for the DAI to BTC 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 BTC to DAI?
Yes, you can instantly exchange BTC to DAI on ChangeHero.
