Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Dai (DAI) on LBank
Learn how to buy Dai (DAI) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy DAI on LBank
How to Buy DAI on LBank: Payment Methods Overview
Explore the available payment methods for buying DAI on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy DAI.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Dai (DAI) on LBank?
Check the preparations required before buying Dai (DAI) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy DAI with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Dai on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Dai. LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Dai on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Dai.
LBank supports multiple payment methods
You can use the following payment methods to purchase Dai on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Dai you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
ON ONLY-MALAYSAN-MYR 1060 min | 100% | 1.000 USD | 3147.20 USDT 10.000 - 3000.000USD | Bank Transfer | |
MY MYR_ DUITNOW_MYR 873 min | 100% | 1.000 USD | 1209.99 USDT 100.000 - 1209.990USD | Bank Transfer | |
MA MALAYSIAN MYR_KING 719 min | 100% | 1.000 USD | 1168.25 USDT 10.000 - 1168.250USD | Bank Transfer |
What is Dai (DAI)?
Dai is a decentralized, collateral-backed stablecoin that operates on the Ethereum blockchain. It is the primary product of the Maker Protocol, an open-source project and decentralized autonomous organization known as MakerDAO. Unlike many other stablecoins that are managed by central entities and backed by traditional currency in bank accounts, Dai is generated and regulated through a system of smart contracts and community governance. The creation of Dai is driven by users who interact with the protocol through Maker Vaults. To generate the token, a user deposits accepted cryptocurrencies, such as Ether, into these smart contracts as collateral. This process allows users to borrow against their assets without selling them. The system is designed to be over-collateralized, meaning the value of the deposited assets must be higher than the amount of Dai issued to ensure the stability of the ecosystem. When a user wants to retrieve their collateral, they must return the Dai they generated along with a stability fee, at which point the returned tokens are destroyed. Governance is a core pillar of the project. Holders of a separate governance token called MKR manage the protocol. These participants vote on critical parameters such as the types of assets that can be used as collateral, the risk levels of the system, and the interest rates for borrowing. This decentralized structure ensures that no single company or individual has total control over the supply or management of the tokens. In the broader Web3 ecosystem, Dai serves as a foundational building block for decentralized finance. Because it aims to maintain a stable value relative to the U.S. dollar without relying on traditional banks, it is frequently used for lending, borrowing, and trading. It also serves as a stable store of value for participants looking to avoid the volatility often found in other digital assets. Beyond finance, it has been integrated into hundreds of applications including digital wallets, online games, and payment platforms for goods and services. One of the project's defining characteristics is its transparency. Since the protocol runs on a public blockchain, all transactions and collateral positions are visible to anyone. This allows for constant verification of the system's health. By combining decentralized governance with automated smart contracts, the project provides a way for users worldwide to access financial services and a stable medium of exchange without needing permission from a central authority. Learn more
Is Dai (DAI) a good investment?
Whether Dai (DAI) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Dai (DAI) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying DAI on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
Date
2026-05-27
You will earn $-- in profit, with an ROI of --
What can you do with Dai (DAI)?
Investment
Buy and hold Dai (DAI), expecting its value to increase over time.
Trade
Actively trade Dai (DAI) on LBank to profit from price fluctuations.
Pay
Use Dai (DAI) to pay for goods and services where accepted.
Why is LBank the best platform to buy Dai (DAI)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Dai (DAI).
Competitive fees
LBank provides competitive trading fees for Dai (DAI).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Dai (DAI).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Dai (DAI) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Dai (DAI) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying DAI, what is the best way to store it?
After buying DAI, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
News section
More'We don't know who deployed this': Squid distances itself from $3.2 million third-party module exploit
A third-party Gnosis Safe module carrying the Squid name drained approximately $3.2 million from 86 Safes across Ethereum and Base.Squid said it neither built nor deployed the contract and that its core protocol was unaffected.
2026-05-25
Crypto whale sues Coinbase for allegedly refusing to return stolen DAI
An anonymous crypto whale has sued Coinbase for refusing to return frozen funds tied to a 2024 crypto theft.The plaintiff fell victim to a phishing scam where an attacker drained his DAI holdings, with a portion of the funds later traced to a Coinbase user account.
2026-05-06
Crypto Whale Sues Coinbase Alleging Exchange Refuses to Return Stolen Funds
The lawsuit against Coinbase appears to be filed by the victim of a $55 million stablecoin phishing attack pulled off in 2024.
2026-05-05
Ethereum Foundation swaps 5,000 ETH into stablecoins for operational and grant funding
The CoWSwap TWAP transactions have been drawn from a wallet associated with the Ethereum Foundation’s DeFi activities, according to Arkham Intelligence.Last year, the EF pivoted from only using recurring ETH sales to fund operations following public backlash.
2026-04-08
Ethereum Foundation Sells 5,000 ETH: Why This $10 Million Move Is Actually Long-Term Growth Signal
Ethereum Foundation sells 5,000 ETH for stablecoins, but the 70,000 ETH staking surge tells a different story.
2026-04-08
Mochi Finance founder offloads 550K CVX as fraud claims deepen across DeFi
Mochi Finance founder Azeem Ahmed sold about 550,285 CVX for roughly $946,000, pushing the token down more than 10%.The CVX stack traces back to a 2021 Curve pool drain that left liquidity providers with an estimated $54 million in losses.Ahmed now faces years of on-chain fraud allegations spanning at least four DeFi projects, with diverted rewards and liquidity drains topping $8 million.
2026-03-26
Learn more about Dai (DAI)
MoreDai (DAI) FAQ
Dai (DAI) is a decentralized, over-collateralized stablecoin designed to maintain a soft-peg to the US Dollar. Unlike traditional stablecoins issued by central entities, DAI is generated and governed by a decentralized protocol. Its value is supported by various cryptocurrency assets locked within smart contracts, ensuring transparency and resilience through its unique decentralized design.
DAI maintains its soft-peg through an over-collateralization system. Users mint DAI by depositing a greater value of approved cryptocurrencies, such as ETH, into a 'Vault' within the protocol. If the collateral's value drops significantly, the protocol automatically liquidates the vault, selling the deposited assets to cover the issued DAI and preserve the system's solvency and peg stability.
No single entity owns DAI. It operates under the governance of MakerDAO, which has now transitioned and rebranded to Sky. This decentralized autonomous organization (DAO) empowers holders of its governance token (MKR, now SKY) to vote on crucial protocol changes, parameters, and future developments, ensuring community-driven control rather than centralized ownership.
USDS is essentially an upgraded iteration of DAI, introduced under the rebranded Sky Protocol (formerly MakerDAO). While DAI continues to function as the legacy token, USDS is designed to offer enhanced features, potentially including native yield and token rewards. It represents the evolution of the protocol's stablecoin offering, reflecting its ongoing development roadmap.
No, converting your DAI to USDS is not mandatory. The upgrade is entirely optional. Existing DAI tokens will continue to function as they always have within the ecosystem. However, users interested in accessing the latest features, such as specific yield opportunities or new functionalities offered by the Sky Protocol, may choose to upgrade their DAI to USDS.
Historically, DAI itself was resistant to freezing. However, its increasing reliance on centralized collateral like USDC introduces indirect centralization risk, as USDC can be frozen. The new USDS token, under the Sky Protocol, explicitly includes a 'freeze function' to potentially comply with regulatory requirements. This means USDS can be directly frozen by the protocol if legally mandated.
