The safest way to sell your Dai
Cash out in minutes with Australia’s most trusted exchange.There are multiple ways to sell on our exchange
How do I cash out Dai?
Statistics
Low fees
Fee free-deposits available. Trading fees from 0.5% down to 0.02%Voted #1
Voted Australia's Best Cryptocurrency Exchange of the Year 2019 - 202124/7 support
Fast, world-class support
Why is Independent Reserve the best exchange to sell Dai?
Trade now or later
Sell now, or wait for the price to move into your direction. Multiple ways to sell gives you more control of your profits.
Easy withdrawal options
Withdraw directly to your Australia bank account within a day. This gives you access to your funds as fast as possible.
Easy-to-use trading interface
Customise our charts to suit your personal style. We use real language, not finance speak, so when you click ‘sell’, you know what to expect.
Excellent customer support
You can always get in touch with our 24/7 support team, available when you need them. All account-related questions are confidential.
We’re registered and compliant
We are serious about customer accounts. Our focus on compliance means you can rest easy knowing your funds are safe.
Streamline tax time
Use our KPMG tax estimator to work out your obligations to the ATO. Convenient to use and will take the stress during tax time.
How we treat client assets
1:1 reserves
We maintain a full 1:1 reserve of all client fiat and crypto assets.
We hold the vast majority of crypto assets in secure offline cold storage, protected in underground vaults with maximum security.
Audited
Our books are balanced and we carry no debt on our balance sheet. We engage external auditors to undertake an annual audit of our financial statements in accordance with Australian Accounting Standards. This includes verification of all fiat and crypto balances held in custody on behalf of clients.
Segregated funds
We maintain complete segregation of all client assets to ensure that when you need to make a withdrawal you can. We keep your assets safe. That is our promise.
Sole custodian
Independent Reserve is a sole custodian of all crypto assets held on our platform. Custody is managed in Australia and we do not use any third party custodians.
We adhere to industry best practices and never lend, trade or reinvest your assets.
What is Dai?
Dai (DAI) is a decentralised stablecoin that is created and governed by MakerDAO(MKR). Dai is pegged to the US dollar on a 1:1 ratio. Unlike other USD stablecoins like USDT and USDC whose value is directly backed by USD, Dai is backed by crypto collateral like Ethereum that is publicly viewable on the Ethereum blockchain.
Australia's trusted crypto exchange
Nick AddisonConsenSysAs someone who has integrated to over 20 crypto exchanges via their APIs, I can say Independent Reserve has the best API documentation by far.
Their customer support is also excellent which is something most exchanges sadly lack these days.
Lucas CullenBlockchain developerI organise and host blockchain meetups and conferences and am always hearing very positive things when it comes to Independent Reserve which is why I always recommend them.
They are by far the most trusted exchange in Australia for consumer trading as well as institutional investment, and offer a great 'open order book' unlike most other Australia exchanges.
Claire Wivell PlaterManaging Director, The Fold Legal Pty LtdI find Independent Reserve to be one of the easiest, smoothest cryptocurrency exchanges that I use.
The client onboarding process was simple, it is easy to deposit funds and I particularly like the transparency of market depth and speed of execution.
Join Australia's Bitcoin and crypto exchange
Featured on
