Dai (DAI)

What is DAI?

Dai (DAI) is a decentralized stablecoin running on Ethereum (ETH) that attempts to maintain a value of $1.00 USD. Unlike centralized stablecoins, DAI isn't backed by US dollars in a bank account. Instead, it’s backed by collateral on the Maker platform. 

What products support DAI?

    Send/Receive Trading
Coinbase           ✔      ✔
Pro           ✔      ✔

What regions support DAI?

    US  NY   EU   UK  CA/SG
Coinbase     ✔  ✔   ✔   ✔1      ✔2
Pro     ✔3 3   ✔3   ✔3      ✔3
  1. 1. Send and receive only
  2. 2. Buy, send, receive only
  3. 3. Crypto order books only

Crypto to fiat trading pairs

   US UK EU
USD   ✔  ✖️ ✖️
GBP   ✖️  ✔
✖️
EUR   ✖️  ✔  ✔

Crypto to crypto trading pairs

  USDC BTC ETH
DAI      ✔   ✖️   ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for DAI?

DAI requires 35 network confirmations. Learn about transaction confirmations.

Which blockchain network hosts DAI?

DAI is hosted on the Ethereum blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

There is a withdrawal minimum of 0.01 Dai (DAI) and a maximum of 1,200,000 to send from Coinbase to an external address.

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