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Swapping Bitcoin (BTC) for DAI (DAI) is safe and secure with the help of the Zengo wallet app. With just a few taps, you can start trading BTC for DAI today in the simplest and most convenient way possible.
Bitcoin is the king of the cryptocurrency world. Nicknamed “digital gold,” this cryptocurrency was created by Satoshi Nakamoto and first hit the scene in 2008. It gradually rose from humble beginnings to become by far the most valuable cryptocurrency of them all, triggering global interest in virtual currencies and catalyzing the crypto revolution. It’s one of the most widely-used and accessible forms of crypto, with many countries and companies allowing BTC as a viable payment method for goods and services. Built on blockchain technology, Bitcoin takes the form of digital tokens that are sent electronically across the globe quickly through a decentralized digital payment network.
DAI, formerly called SAI, is a stablecoin with a value that is always very close to the value of a single United States dollar. As an ERC-20 token, DAI operates on the Ethereum blockchain and was created by MakerDAO or Maker Protocol. The Maker Protocol is a decentralized autonomous organization without any political bias or power struggles affecting its value. Instead of a central power structure, in addition to DAI, MakerDAO has its own governance token – MKR. Holders of MKR get to vote on decisions or alterations to the DAI stablecoin. DAI stands out from the crowd of cryptocurrencies due to its unique valuation system and stability. Unlike Bitcoin and other popular cryptocurrencies, which are famed for their volatility and ever-changing values, DAI appears to investors as a more stable form of virtual currency.
If you’d like to trade Bitcoin (BTC) for DAI (DAI), the first thing you’ll need to do is to download the Zengo wallet app. You can find the app on either the Google Play Store or the Apple App Store for iOS users.
Once the app is downloaded and installed, you can begin swapping Bitcoin for DAI in seconds. All you’ve got to do to get started is download the Zengo wallet and follow a few simple steps, as outlined below:
First, open the Zengo app and click on the “Actions” button, which you can easily find via the main menu.
Next, click on the Trade button to start swapping Bitcoin for DAI.
Choose the two currencies you want to trade with - BTC and DAI - and choose the amount you want to swap.
Finally, click the ‘Confirm’ button. The swap will then initiate, and you’ll receive a push notification once it’s complete.
There are a lot of crypto wallets out there, but Zengo is the safest and most secure option to protect your digital investments. Zengo is also rapid and straightforward to use, allowing you to swap Bitcoin to DAI fast, with just a few easy taps of the screen. Other reasons to choose Zengo as your crypto and NFT wallet of choice include the following:
Zengo’s WalletConnect integration unlocks the doors to the world of decentralized finance, Daaps, cryptocurrency exchanges, and NFT marketplaces. With this Web3-ready wallet, you’ll be able to start buying, selling, swapping, sending, and receiving a wide range of cryptocurrencies, from major coins like Bitcoin and Ethereum to other options like Shiba Inu and Dogecoin.
The Zengo app is the single most secure crypto non-custodial crypto wallet, using the latest and most advanced MPC technology to safeguard all of your digital assets and investments. Zengo’s 3-factor biometric authentication system means that you won’t need to write down passwords or seed phrases; instead, you get the benefit of totally secure biometric 3-factor authentication and facial ID scans to safeguard your wallet.
The Zengo wallet is 100% Web3-ready and completely non-custodial. In simple terms, this means that Zengo users are completely in control of their cryptocurrencies and other digital assets. You’ll have your own private keys and can send, receive, or swap cryptocurrencies quickly and easily, wherever you are.
Zengo users can trade a wide selection of cryptocurrencies on different blockchains with very low, highly competitive fees. Not only that, with Zengo, it’s totally free to send or receive crypto to or from other users with the Zengo app (Third-party and miner fees may apply). On top of that, with Zengo, transactional fees are minimal, and you have the freedom to pay as much or as little fee as you like. If you choose to pay extra, your transaction will be completed more quickly, but if you’re in no rush, you can wait a little longer and pay less.
With Zengo, there’s no need to panic if you lose your device or delete the app, as Zengo guarantees effortless recoverability with the help of smart facial ID scanning and 3-stage biometrical protection. There’s no need to worry about remembering long passwords and confusing pin codes with this wallet.
If you need a helping hand with using the Zengo app or figuring out exactly how to swap Bitcoin for DAI, we’re here to help you. Zengo has round-the-clock, 24/7 live support with real support agents ready to assist you. Plus, with our Online Help Center, you can find a wealth of resources and guides to solve common problems or answer questions you might have.
It’s important to note that even though cryptocurrency investment and trading is an exciting and enticing concept, there’s still a distinct lack of regulation in this industry. Many cryptocurrencies are volatile, and the same can be said of NFTs. Zengo acts purely as a crypto wallet and does not provide financial advice. For this reason, all users should proceed with caution and do their own research before investing in any form of crypto or other digital assets.
Zengo makes it quick and simple to swap Bitcoin for DAI at a moment’s notice without any hassle or confusion. Want to know more? Keep reading for the answers to some frequently asked questions on this issue.
Bitcoin and DAI are two separate forms of cryptocurrency. Bitcoin was the first successful form of decentralized cryptocurrency, developed back in 2008. It’s the most valuable form of crypto on the market right now, with countless investors around the world, and it’s a very volatile form of cryptocurrency, which means that its value can go up or down quite dramatically in a short span of time. As opposed to this, DAI is a stablecoin. This means that it has far less volatility and a much more stable value, which is set to always be as close as possible to the value of a single American dollar. So, the most significant differences between Bitcoin and DAI are their respective values and volatility levels. In addition, they operate differently, with Bitcoin functioning on a peer-to-peer network, while DAI is an ERC-20 token that runs on the Ethereum blockchain.
This simply means that you swap or convert your Bitcoin (either some of it or all of it) into DAI or vice versa. You can do this simply with the help of the Zengo wallet. Simply open the app, head to the Trade menu, choose your currencies, and convert the amount you desire.
Yes, you absolutely require a safe and reliable cryptocurrency wallet such as Zengo in order to trade different types of cryptocurrency, like Bitcoin and DAI, as well as other tokens, like SHIB, ETH, DOGE, XTZ, wBTC, MATIC, and more. The Zengo non-custodial crypto wallet is the safest and most secure option available. It has state-of-the-art biometric security, using facial ID to secure your account. With this method, it’s easy to log in and access your digital assets through a simple face scan, and you won’t have to worry about anyone else being able to access your account or steal your assets.
The Zengo wallet app gives you unparalleled access to trading all kinds of cryptocurrency. You can trade the likes of ETH, LINK, SHIB, DOGE, XTZ, USDT, and many other forms of crypto into Bitcoin or DAI, as desired.
Yes, this is possible. With either Bitcoin or DAI stored in your Zengo wallet, you can easily send either of these cryptocurrencies to other wallets.
To do so, tap on “Actions” from the main menu in the app’s bottom left corner. On the “Actions” screen, tap “Send.” Next, decide how much Bitcoin or DAI you wish to send, add the address for your receiving wallet and then follow the on-screen instructions. Finally, tap to confirm to finish the transaction, but before you do, remember to double-check the transaction details, as crypto transactions are irreversible.
You should definitely store your crypto via the Zengo wallet as it is the most secure option, providing peace of mind for its users around the world with biometric security, super support, total accessibility, and easy recovery when you need it.
Learn more about Zengo’s security.
Yes, you can. Zengo’s onramp fiat gateway feature makes it easy for you to purchase additional cryptocurrency. Click on “Actions” via the main menu, and tap “Buy.” You can then follow the instructions to purchase your desired cryptocurrency from one of our purchasing partners.
Find out more on how you can buy crypto with fiat using Zengo.
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