How to Buy Dai in Canada

What is Dai (DAI)?

Dai (DAI) was created by MakerDAO, an Ethereum-backed network that is part of a larger project called the Maker Protocol. The token is one-of-two tokens utilized by the Maker Protocol, and aims to be considered the world's first decentralized coin. The coin's value is pegged to the U.S. dollar, and is backed by Ethereum smart-contracts that are viewable on the blockchain. DAI is popular for its transparency and accountability.

Cryptocurrency is an exciting, new space to get involved in. Find out how to get in on the action.

Here's how to buy Dai in Canada.

There are a few options to buy Dai in Canada:

Direct Purchase

You can buy cryptocurrency online, or send and receive it directly from another individual in person or over the web.

Via a regulated Brokerage or Exchange

Recommended

Many find it easier to purchase Dai through a trading platform like Newton.

Why Newton?

‍Newton offers a dead-simple way to buy and sell cryptocurrency in Canada at prices that most other platforms simply cannot afford to compete with.

CREATE AN ACCOUNT

Here's how to buy Dai in Canada.

how to buy Dai in canada

There are a few options to buy Dai in Canada:

Sign-up in Canada for an account.

Create an account and add funds or choose an amount of your currency to trade.

Trade fiat or crypto for stablecoin.

Trade your chosen currency into a stablecoin.

Send to your desired exchange.

Find an exchange that offers DAI, then transfer your crypto to that exchange.

Initiate purchase and you're done.

Go through the steps to purchase, and that's it.

CREATE NEWTON ACCOUNT →

Why use stablecoins when transferring to an exchange?

Because stablecoins are often pegged to FIAT currencies with stable values, they are useful tools for currency conversion. Coins such as USDC, USDT and QCAD won't swing wildly up or down in value between withdrawal and funding another account.

GET STABLECOINS →

It's easy to get started

Buy & sell Dai quickly on your phone or computer.

1 Create an account.

Provide some basic details about yourself to get verified. This process usually takes less than 5 minutes!

2 Fund your account.

Connect your bank account or utilize Interac e-Transfers to add or withdraw funds seamlessly.

3

Start buying.

You can start buying and selling crypto quickly and easily right away on your phone or on web browser.

Why you'll love trading Dai on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and tight spreads. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

On average our prices are 0.5–0.7% above spot at volumes of up to 3 BTC. This makes our overall price 3x lower than a leading competitor who charges approximately 2.25% in spread + fees.

World-class security.

Newton uses machine learning to detect and prevent account takeover attempts, a common form of cryptocurrency fraud.

Low-cost and no-commissions.

Trading and funding your account is absolutely free. Transfer cryptocurrency to and from your account at no cost (we cover up to the first $5 in network fees).

Unique & functional design.

We take a first principles approach to design, resulting in an easy-to-use experience that is unlike any other exchange.

Works on any device.

Get started on the your web browser, or download the Newton app for Android and iOS to take control of your crypto on-the-go.

Proudly Canadian.

We want cryptocurrency to be taken seriously, so we go above and beyond to make sure we're compliant with current and anticipated Canadian regulations.

Where do I keep my Dai?

After you've purchased crypto, the next step is to find the best way to secure it.

Wallets are often considered to offer some of the best security for your cryptocurrency. While you have the option of keeping your assets on Newton, Newton is primarily a low-fee cryptocurrency trading platform, and not a wallet service.

While we have institutional third-party custody to keep customers' digital assets safe, many individuals who buy cryptocurrency consider transferring a portion of holdings to external wallets for personal custody.

Newton makes it fast and easy to buy, sell and hold 70+ cryptocurrencies in Canada.

What is Dai (DAI)?

Here's how to buy Dai in Canada.

There are a few options to buy Dai in Canada:

Direct Purchase

Via a regulated Brokerage or Exchange

Why Newton?

Here's how to buy Dai in Canada.

Sign-up in Canada for an account.

Trade fiat or crypto for stablecoin.

Send to your desired exchange.

Initiate purchase and you're done.

Why use stablecoins when transferring to an exchange?

It's easy to get started

Buy & sell Dai quickly on your phone or computer.

1

Create an account.

2

Fund your account.

3

Start buying.

Why you'll love trading Dai on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and tight spreads. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

World-class security.

Low-cost and no-commissions.

Unique & functional design.

Works on any device.

Proudly Canadian.

Where do I keep my Dai?

After you've purchased crypto, the next step is to find the best way to secure it.

What can you do with Dai?

Explore a variety of uses, options and processes.

Works like a stablecoin

Pursue a short or long-term trading strategy

Shift towards decentralized currency

Start buying Dai in minutes.

Get started with as little as $10 CAD.

Sign-up now and get access to some of Canada’s best prices.

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