The safest way to sell your Dai

Cash out in minutes with Australia’s most trusted exchange.

Register, deposit and buy in 5 minutes
Deposit Australian dollars (AUD), USD, NZD or SGD via EFT, PayID / Osko, SWIFT

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Dai Price

1 DAI / AUD 1 .52291
−0.7%
Dai Dai
Aud Australian Dollar
Sell Dai

  • Market sell

    Sell immediately at the current price.

  • Limit sell

    Sell at a price you set.

  • OTC sell

    Contact us if you're selling a large stash.

How do I cash out Dai?

It only takes a few steps to sell DAI safely and withdraw your funds:
  • 1
    Create your account
    Sign up in less than 5 minutes. Upload your ID so we can verify your identity.
  • 2
    Transfer 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
  • 3
    Confirm and withdraw
    Once sold, you can transfer the cash straight to your bank.

Statistics

  • Low fees

    Fee free-deposits available. Trading fees from NaN% down to 0%

  • Voted #1

    Voted Australia's Best Cryptocurrency Exchange of the Year 2019 - 2021

  • 24/7 support

    Fast, world-class support
  • Trade now or later

    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

    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

    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

    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’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

    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.

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.

  • Nick Addison
    Nick Addison
    ConsenSys

    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.

  • Lucas Cullen
    Lucas Cullen
    Blockchain developer

    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.

  • Claire Wivell Plater
    Claire Wivell Plater
    Managing Director, The Fold Legal Pty Ltd

    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.

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