How to Get xDAI / How to Convert DAI to xDAI / ETH > DAI > xDAI (2024)

FAQs

How to Get xDAI / How to Convert DAI to xDAI / ETH > DAI > xDAI? ›

You can trade XDAI with stablecoins on 1 xDai exchanges. The majority of xDai trading with stablecoins is done on AscendEX. Binance is the best choice when it comes to trading xDai with stablecoins.

You can trade XDAI with stablecoins on 1 xDai exchanges. The majority of xDai trading with stablecoins is done on AscendEX. Binance is the best choice when it comes to trading xDai with stablecoins.

Buy xDai (XDAI) on AscendEX by wiring US Dollars, Euros, or other money from your bank account directly to AscendEX. AscendEX will credit your account with stablecoins, which can then be used to purchase xDai (XDAI).

Go to the Gnosis Chain Bridge UI and connect your wallet to the Ethereum Mainnet. Once connected, you will see your address populated in the header, and your DAI balance will be displayed on the page. Enter the amount of Dai you would like to transfer to Gnosis, and click the Transfer button.

DAI is a hybrid, multi-collateral-backed stablecoin managed by MakerDAO. It operates on the Ethereum network as an ERC-20 token. Using Ethereum smart contracts, DAI aims to function in a trustless, permissionless, and decentralized manner.

xDai is the native currency built on the Gnosis blockchain, it is generated when a Dai is sent to the xDai bridge, the bridge validators mint the xDai as part of the Gnosis reward native contract.

The XDAI is the native token of Gnosis Chain and a stablecoin that is a 1:1 representation of Ethereum's DAI token, whose value is itself pegged to the US dollar through the use of an algorithm.

xDAI (xDAI) is not tradable on Coinbase.

How do I add xDAI to Metamask? ›

For an automatic process, go to Chainlist, search for Gnosis, and connect your wallet. For a manual process: Follow the steps found here to add a custom network. You can also head here and click 'Add to MetaMask' in the top-right corner to quickly add it.

xDai runs on the Ethereum sidechain (the Gnosis blockchain). ERC-20 standard DAI tokens become stablecoins in the xDai blockchain. They can be returned to the Ethereum blockchain at any time. xDai uses the TokenBridge smart contract to create tokens.

Where can you buy Savings Dai? SDAI tokens can be traded on decentralized exchanges. The most popular exchange to buy and trade Savings Dai is Curve (Ethereum), where the most active trading pair SDAI/FRAX has a trading volume of $1,950,236 in the last 24 hours.

You can buy Dai on Kraken's crypto exchange. Create your free account and connect a funding method to buy over 200 cryptocurrencies including DAI.

The easiest way to swap GNO is to use an instant crypto converter. Experience fast and convenient exchange of Gnosis or any other cryptocurrency by choosing from 1000+ assets available on our service. To expand users capabilities, we also added popular fiat currencies such as USD, EUR, JPY, MXN and much more.

Conversion tables

The current value of 1 DAI is $1.00 USD. In other words, to buy 5 Dai, it would cost you $5.00 USD. Inversely, $1.00 USD would allow you to trade for 1.00 DAI while $50.00 USD would convert to 50.01 DAI, not including platform or gas fees.

MetaMask Portfolio supports bridging of up to $50,000 per transfer of ETH/WETH, common stablecoins (eg: DAI), and native gas tokens (eg: MATIC) across nine networks: Ethereum. Arbitrum.