The safest way to sell your DaiCash out in minutes with Australia’s most trusted exchange.
There are multiple ways to sell on our exchange
Market sellSell immediately at the current price.
Limit sellSell at a price you set.
OTC sellContact us if you're selling a large stash.
How do I cash out Dai?
- 1Create your accountSign up in less than 5 minutes. Upload your ID so we can verify your identity.
- 2Transfer from anywhere to sell here
- If you have Dai in another wallet or exchange, transfer them here to sell
- If you want to accept payment in Dai, get it sent here and convert to cash
- 3Confirm and withdrawOnce sold, you can transfer the cash straight to your bank.
Low feesFee free-deposits available. Trading fees from 0.5% down to 0.02%
Voted #1Voted Australia's Best Cryptocurrency Exchange of the Year 2019 - 2021
24/7 supportFast, world-class support
Why is Independent Reserve the best exchange to sell Dai?
Trade now or laterSell now, or wait for the price to move into your direction. Multiple ways to sell gives you more control of your profits.
Easy withdrawal optionsWithdraw directly to your Australia bank account within a day. This gives you access to your funds as fast as possible.
Easy-to-use trading interfaceCustomise 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 supportYou 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 compliantWe are serious about customer accounts. Our focus on compliance means you can rest easy knowing your funds are safe.
Streamline tax timeUse 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
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.
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.
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.
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
As 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.
I 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.
I 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.