There are a number of differences between the two coins. Many cryptocurrency traders label ETH, or Ethereum, as long-term storage of value. It is also as volatile as most other cryptocurrencies. Additionally, Ether serves as a token that facilitates the Ethereum network. DAI, on the other hand, is a so-called “stablecoin” whose value is pegged to one United States Dollar and, therefore, isn’t that volatile. Additionally, the platform has another token called MKR. MKR is also an Ethereum-based token, but it is not a stablecoin. MKR acts as the governance token of the MakerDAO decentralized exchange, ensuring the safety and stability of the DAI-USD peg. 

This means that you trade your Ether (ETH) tokens for DAI or the other way around in the Zengo wallet app using its in-app swapping feature. 

Yes, if you want to start trading Ether or DAI or vice versa, you will definitely need a safe and secure cryptocurrency wallet like Zengo. The Zengo wallet allows you to swap Ethereum for DAI and the other way around whenever you want after downloading and installing the app. Additionally, Zengo also enables users to swap Bitcoin, Tether, Shiba Inu, and many other cryptocurrencies like Voyager, Alpha Finance, and The Sandbox at low and competitive fees.

Yes, there are minimum trading amounts between Ethereum and DAI within the Zengo wallet app. However, these minimum trading amounts vary based on current market conditions. We recommend logging in to the app to check out the latest minimum trading requirements between Ethereum and DAI before trying to swap one token for another.

For more information about Zengo’s minimum trading amounts, fees, and limits, click here.

With Zengo, you can trade your Ether and DAI tokens for Bitcoin, Shiba Inu, Dogecoin, Tezos, USD Coin, Tether, Polygon, Alpha Finance, The Sandbox, Decentraland, and many other digital assets. Simply log into the Zengo wallet app to check out the available options yourself. 

Yes, it is certainly possible to send Ethereum and DAI tokens to other crypto wallets from Zengo. To do this, simply launch the Zengo app, navigate to the “Actions” screen, tap on “Send,” then choose how many Ether or DAI tokens you want to send, then follow the on-screen instructions to paste the recipient address, then confirm your request to finalize the transaction. 

You know whether your Ethereum to DAI trade has been completed when the status of the trade changes from “Trade Pending” to “Trade Received” within the transaction history of the Zengo wallet app. 

Yes, of course! Why wouldn’t you want to store your Ethereum and DAI tokens in the safest and most secure digital asset wallet available on the market today that enables you access to Web3, decentralized finance, Daaps, and NFT marketplaces? Additionally, Zengo guarantees that only you can access the private keys to your digital asset holdings via its biometric facial recognition 3FA system.

Yes, you can definitely buy Ethereum and DAI tokens with Zengo. To purchase either of the two tokens, simply login to the app and tap the “Actions” button from within the main menu, followed by the “Buy” button. Now, specify the amount of Ether or DAI tokens you want to buy and confirm to finalize the transaction. Through Zengo, you can also purchase other cryptocurrencies with fiat currencies, such as Bitcoin, Dogecoin, Polygon, and Tezos. Available payment methods for our fiat onramp include Visa, MasterCard, Apple Pay, and Bank Wire Transfers.

For more information about how to buy crypto with Zengo, click here.