How to buy ETH or DAI?
Like exchanging into the local currency in a foreign country you’re visiting, you can buy it for different fiat money ($, €, ¥, £,..), by using various payment methods, platforms / apps.
- On centralized exchange
Cons: Requires identity verification and it is recommended for added security to withdraw purchased ETH / DAI into a wallet in your own control
Create an account -> buy ETH / DAI with card or bank transfer -> (optional) withdraw funds into your wallet
- Directly into your wallet
Cons: Higher fees
Requires first to create / have your own wallet (see the section “Create Wallet”)
- Peer-to-peer on marketplace / in-person by cash
Cons: Requires to follow ETH price, as it is set by a seller
Create an account / wallet -> find a seller -> buy ETH / DAI with cash or other various payment methods