Buy DaiBuy Dai (DAI) online in minutes from the most trusted digital currency exchange.
The best place to buy Dai
Easy to use interface
Easy banking options
Long track record
How to buy Dai in minutes
- 1Create your accountOur sign up is fast, secure and designed to keep your data protected.
- 2Verify your identityTo secure your accounts, prevent fraud and to comply with local laws, you will need to verify your identity. It takes minutes and can be done with your mobile phone.
- 3Deposit fundsYou can instantly deposit funds into your account 24/7 via PayID and NPP. You can also use regular EFT bank transfer, but it will take a little longer for your money to clear.
- 4Buy Dai with easeEnter the amount of Dai that you would like to buy or the dollar amount you would like to spend.
- 5Preview and confirm your orderClick “preview buy order” to review your order and then “place buy order”. Once your order is complete, the Dai will be sitting in your account.
Low feesFee free-deposits available. Trading fees from 0.5% down to 0.02%
Voted #1Voted Australia’s Best Digital Currency Exchange
24/7 supportFast, world-class support
All the best bits to buy with confidence
Multiple ways to buy and sellOur easy-to-use trading interface allows you to trade Dai at the current market price or you can set your own target price for when to buy or sell.
Set and forget auto-tradingYou can set up a direct debit and schedule automated trades regardless of price. This can be a great way to start building your investment over time.
Support for all the top cryptocurrenciesWe don’t just support Dai (DAI). We offer all of the major cryptocurrencies as well. View all your crypto wallets in one place.
Excellent customer supportNeed to change something on your account or have a question? Get in touch with our friendly support team 24/7. The team is available for all account assistance.
Tailored account managementIf you are a professional trader or managing a trust, ask us about account management for insurance and OTC trades.
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.
Loved by customers
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.