DAI to ETH conversion chart
Dai to Ethereum correlation
DAI and ETH are not correlated to each other as ETH'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, ETH and DAI do not share a strong relationship.
DAI Price Change and Market Cap
Currently, the DAI price is 0.000367 ETH and the 24-hour change is -11.01%. The market cap of Dai today is $1 with a total of 1.091 units in circulation. In the past 24 hours, the DAI price peaked at 0.0003705 ETH and the lowest price was 0.0003444 ETH.
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 ETH exchange margin
The closing conversion rate for DAI to ETH yesterday was {{LAST}}. Considering today’s exchange rate, a transaction of 1 DAI to ETH would result in an output of 0.000367 ETH.
How to convert Dai to Ethereum
Dai and Ethereum 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.
Ethereum was launched in 2014 by Vitalik Buterin. It is an open-source blockchain network with a major emphasis on smart contracts. For starters, smart contracts are pieces of code that automatically processes the transactions once the preset conditions are met. Ethereum is often praised as the Second Generation of blockchain. Ether is the native cryptocurrency of the Ethereum Blockchain.
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 Ethereum price details
DAI to ETH Conversion Rate and Price
Currently, the conversion rate for 1 DAI equals to 0.000367 ETH. The 24-hour highest price of Dai in relation to ETH was 0.0003705 ETH and the lowest was 0.0003444 ETH. In short, DAI price in relation to ETH changed by -11.01%.
Instantly Exchange DAI to ETH
On ChangeHero you can instantly exchange Dai to Ethereum without signup. You can easily convert DAI to ETH in a few clicks without worrying about the rates and fees. ChangeHero offers both the Best Rate and Fixed Rate for your DAI to ETH exchange.
DAI to ETH Best Rate Exchange
In the Best Rate exchange of Dai to Ethereum, we search through various exchanges for the DAI to ETH pair and find the best rate available in the market. We provide you with an estimation of the amount of ETH 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 ETH you receive may vary slightly due to the volatility in the price of the cryptocurrencies which affects the conversion rate of DAI to ETH.
DAI to ETH Fixed Rate Conversion
In the Fixed Rate exchange of Dai to Ethereum, ChangeHero finds a good rate for the pair DAI to ETH and fix the rate for up to 15 minutes. In the Best Rate exchange of DAI to ETH, you will receive the exact amount of ETH 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 ETH address. ChangeHero is the best place to exchange DAI to ETH fast and safe at the best rates.
Frequently asked questions
How long does it take to convert DAI to ETH?
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 ETH?
No, you do not require an account to swap DAI to ETH on ChangeHero. There will be no registrations for your Dai to Ethereum transaction.
Do I need to go through KYC procedures for DAI to ETH exchange?
There will be no KYC for the DAI to ETH 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 ETH to DAI?
Yes, you can instantly exchange ETH to DAI on ChangeHero.