Sell Dai (DAI) for Cash

Sell Dai for Cash

Convert Dai (DAI) to EUR, USD, GBP, or another supported fiat currency. Receive the payout directly to your card.

How to sell Dai for cash

Selling Dai on CoinGate takes a few minutes. The payout is processed by our payment partner, so you get a smooth experience from start to finish.

Choose Dai

Select Dai (DAI) from the list of supported cryptocurrencies and enter the amount you want to sell.

Select your payout method

Choose how you want to receive your cash. Payouts are sent directly to your Visa or Mastercard. Available card networks depend on your region.

Complete verification

If required, complete identity verification. The payment provider may ask for a government-issued ID, depending on your location and the amount.

Send crypto and receive cash

Send Dai to the provided address. Once confirmed on the Ethereum network, your payout is processed and delivered to your card. Most sales complete within minutes to hours.

Dai is now trading at

€0.851869

↑ +0.18% • Last 24h

The final exchange rate is confirmed at checkout.

Market cap

€3.75B

↑ +0.18%

Volume

€23.99M

↑ +0.18% • Last 24h

Circulating supply

4.40B DAI

What is Dai?

Dai is a cryptocurrency built on the Ethereum blockchain. It was created for providing a decentralized, overcollateralized stablecoin pegged to the US dollar.

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The network allows you to:

maintain a stable $1 peg through overcollateralized crypto vaults without relying on a central reserve, rnearn the Dai Savings Rate by depositing DAI into the MakerDAO savings contract, use as a censorship-resistant stablecoin in DeFi lending, borrowing, and trading

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These capabilities exist because traditional systems struggle with:

Centralized stablecoins like USDT and USDC can freeze user funds at the issuer’s discretionrnHolding volatile crypto assets during market downturns without a stable store of valuernDependence on traditional banking infrastructure for dollar-pegged digital assets

Why do people sell Dai?

Dai is commonly sold when holders want to exit DeFi positions and receive fiat directly on their card. Because DAI maintains a soft peg to the US dollar, selling is often straightforward with minimal price slippage. Users also sell Dai to reclaim collateral value after closing MakerDAO vault positions.

Tax considerations when selling Dai

In most jurisdictions, selling Dai for fiat currency is considered a taxable event, even though the token is designed to track the US dollar. Small fluctuations around the peg may create minor taxable gains or losses. Consult a tax professional for guidance specific to your country.

u003cbu003eCoinGate does not provide tax advice.u003c/bu003e This section is for informational purposes only.

Where your money goes

After you sell your crypto, the payout is delivered directly to your card. Exact processing times depend on the payout provider and your financial institution. Here is what to expect:

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Card payout (Visa)

Available in all supported regions. Funds typically arrive within minutes, though processing times depend on your card issuer.

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Card payout (Mastercard)

Available in the EU, UK, and US. Same fast delivery, with timing dependent on your card issuer.

Why sell crypto on CoinGate?

The sell process is built to be fast and simple. Pick your coin, confirm the payout, and receive cash on your card. No multi-step withdrawals, no waiting for bank approvals. One flow from start to finish.rnrnWe support 40+ cryptocurrencies and card payouts across 15+ countries and territories. The sell widget handles everything from live exchange rates to card delivery in a single step.rnrnOne platform. Multiple coins. Cash on your card.

Explore more cryptocurrencies

Looking to sell something else? Here are some other popular options:

Frequently asked questions about selling Dai

How do I sell Dai for cash?

u003cspan style=u0022font-weight: 400;u0022u003eSelect Dai on CoinGate, choose your preferred payout method, complete verification if required, and send your crypto. The sale is processed by our payment partner and the cash is delivered to your card.u003c/spanu003e

Why would someone sell Dai?

u003cspan style=u0022font-weight: 400;u0022u003eHolders sell Dai to exit DeFi positions and receive fiat on their card. Since DAI is pegged to the US dollar, selling typically involves minimal price impact.u003c/spanu003e

What fees apply when selling Dai?

u003cspan style=u0022font-weight: 400;u0022u003eA processing fee is included in every sale. The exact amount depends on the transaction and is displayed on the confirmation screen before you proceed. No hidden charges.u003c/spanu003e

What is the minimum amount of Dai I can sell?

u003cspan style=u0022font-weight: 400;u0022u003eThe minimum sale depends on the payout method and your location. Exact minimums are displayed at checkout.u003c/spanu003e

How long until I receive my money?

u003cspan style=u0022font-weight: 400;u0022u003ePayouts are sent to your card once the crypto transaction is confirmed on the network. Most arrive within minutes, though some card issuers may take longer.u003c/spanu003e

Do I need identity verification to sell Dai?

u003cspan style=u0022font-weight: 400;u0022u003eVerification requirements depend on your location and sale amount. The payment provider may ask for a government-issued ID to comply with regulatory requirements.u003c/spanu003e

Is selling Dai on CoinGate safe?

u003cspan style=u0022font-weight: 400;u0022u003eCoinGate has been operating since 2014. All sales are processed through a vetted payment partner with robust fraud prevention. The payout amount shown at confirmation is what you receive.u003c/spanu003e