Binance is one of the cheapest ways that you can buy Dai (DAI) in the UK. You can deposit GBP with a simple UK bank transfer, where you’ll then be charged fees of up to 0.1% whenever you buy or sell any cryptocurrency.
However, there are a few other cheap places where you can buy Dai (DAI) in the UK with GBP.
Check out this quick post to learn more.
Where Is the Best Place to Buy Dai (DAI)?
This table quickly highlights some of the places where you can cheaply buy Dai (DAI) with a UK bank transfer, credit card, or debit card.
|Provider||Payment Method||Fees (Approx.)|
|Binance||UK Bank Transfer||< 1%|
|Coinbase Pro||UK Bank Transfer||< 1%|
|CoinJar||UK Bank Transfer||1%+|
|Crypto.com||Credit & Debit Card||2.99%|
|BC Bitcoin||UK Bank Transfer||5%|
The cheapest payment method for buying Dai (DAI) and other cryptocurrencies on the majority of platforms available in the UK is a bank transfer.
Each of the cryptocurrency exchanges or brokers above (excluding Crypto.com) supports the Faster Payments Service (FPS) too. This means that any GBP you send to these places should be credited within a single day (but it’s usually much faster than that).
Although Binance is the cheapest option, it’s a cryptocurrency exchange that’s not as beginner-friendly as alternatives like CoinJar and Crypto.com – both of which have simple and easy-to-use mobile apps.
Read on for more details about my top three favourite options.
Best Places to Buy Dai (DAI) in the UK
Binance is currently the cheapest place in the UK where you can buy DAI (DAI).
Although it does support credit and debits cards, you’ll pay higher rates (1.8%+) than if you just deposited GBP with a UK bank transfer (FREE).
And once you’ve got your money onto Binance, you’re able to buy Dai (DAI) and loads of other cryptocurrencies at the real exchange rate without paying much in the way of fees (maximum 0.1%).
With markets for more than 200 cryptocurrencies, Binance is one of the best cryptocurrency exchanges available to UK residents in 2021.
2. Coinbase Pro
Coinbase is a well-known brand amongst cryptocurrency enthusiasts. It’s grown to support an ever-growing number of cryptocurrencies – including Dai (DAI).
Like Binance, you can deposit GBP onto this cryptocurrency exchange using a UK bank transfer (FREE). You can then buy Dai (DAI) and a range of other cryptocurrencies without paying more than 0.5% in fees.
Not as great as Binance, but still good.
Check out the Coinbase website to learn more about them.
CoinJar is a little bit different than Binance or Coinbase Pro.
Both these other places are cryptocurrency exchanges that are aimed at people who are looking to regularly buy and sell cryptocurrencies like Dai (DAI). While they’re cheap, they can be a little intimidating if you’ve never used something like it before.
CoinJar is a lot more beginner-friendly.
You can access it via your browser or a mobile app. In either case, they’ve made it simple and easy to buy Dai (DAI) or any of the other popular cryptocurrencies they support.
And they don’t rip you off either.
You’ll pay a fixed fee of 1% when you buy or sell any cryptocurrency with CoinJar. I have found that the exchange rate isn’t always the best possible rate you can find online though.
Check out the CoinJar website to learn more.
Thanks for checking out this guide on how to buy Dai (DAI) in the UK!
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