1. Home
  2. Converter
  3. Saudi riyal (SAR) to Dai (DAI)

Convert
Saudi riyal (SAR) to Dai (DAI) Instantly

SAR SAR
DAI DAI
Buy Dai (DAI)

Purchase Dai (DAI) with Saudi riyal (SAR) easily at Switchere and benefit from fast, secure transactions.

About
Dai (DAI)

DAI (DAI) stands as a pioneering decentralized stablecoin soft-pegged to the US Dollar, operating on the Ethereum blockchain as an ERC-20 token. Its primary purpose is to provide a censorship-resistant and transparent digital asset that maintains a stable value, offering a crucial building block for the decentralized finance (DeFi) ecosystem. Governed by the MakerDAO community through the MKR governance token, DAI's stability is achieved through a sophisticated system of over-collateralization. Users generate DAI by locking up approved crypto assets, such as ETH or WBTC, into smart contracts known as Maker Vaults (formerly Collateralized Debt Positions or CDPs). This process ensures that every DAI in circulation is backed by a greater value of collateral, mitigating volatility risks.

The core technology relies on Ethereum's smart contract capabilities to manage these Vaults, automate liquidations if collateral value drops below a certain threshold, and maintain the peg through various stability mechanisms, including Stability Fees and the Dai Savings Rate (DSR). The DSR allows DAI holders to earn yield on their holdings directly on-chain. DAI's utility token function is primarily as a stable medium of exchange, a unit of account, and a store of value within countless DeFi applications, including lending protocols, decentralized exchanges, and yield farming strategies. As one of the most widely integrated crypto-backed stablecoins, DAI is a foundational element of Web3 infrastructure, enabling peer-to-peer transactions and complex financial instruments without reliance on traditional intermediaries.

Dai (DAI)

How to Buy Dai (DAI)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose SAR to DAI Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Dai Wallet Address

    Provide your DAI wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Dai

    Complete the payment, and your DAI will be sent to your wallet.

App Store Google Play

Popular Coins for Saudi riyal (SAR)

SAR
to
BTC
SAR
to
BCH
SAR
to
ADA
SAR
to
DOGE
SAR
to
ETH
SAR
to
LTC
SAR
to
XRP
SAR
to
SOL
SAR
to
TRX

Other Coins for Saudi riyal (SAR)

SAR
to
ZRX
SAR
to
1INCH
SAR
to
AAVE
SAR
to
ACH
SAR
to
ALGO
SAR
to
TLM
SAR
to
ANKR
SAR
to
APE
SAR
to
NFT
SAR
to
API3
SAR
to
APT
SAR
to
ARPA
SAR
to
AUDIO
SAR
to
AVAX
SAR
to
AVAXAVAC
SAR
to
AXS
SAR
to
BADGER
SAR
to
BAL
SAR
to
BNT
SAR
to
BAT
SAR
to
BNBBSC
SAR
to
BSW
SAR
to
BSV
SAR
to
BLUR
SAR
to
BONE
SAR
to
CTSI
SAR
to
CELR
SAR
to
CELO
SAR
to
CEL
SAR
to
LINK
SAR
to
CHZ
SAR
to
CHR
SAR
to
C98
SAR
to
COMP
SAR
to
CFX
SAR
to
PEOPLE
SAR
to
CVX
SAR
to
ATOM
SAR
to
CTC
SAR
to
CRV
SAR
to
DAI
SAR
to
DASH
SAR
to
MANA
SAR
to
DENT
SAR
to
DGB
SAR
to
DYDX
SAR
to
XEC
SAR
to
EOS
SAR
to
ETC
SAR
to
ENS
SAR
to
ETHW
SAR
to
FET
SAR
to
FIL
SAR
to
FLOKI
SAR
to
GALA
SAR
to
GNO
SAR
to
ONE
SAR
to
HBAR
SAR
to
HOT
SAR
to
HOOK
SAR
to
ICX
SAR
to
ILV
SAR
to
IMX
SAR
to
INJ
SAR
to
ICP
SAR
to
IOST
SAR
to
IOTX
SAR
to
JASMY
SAR
to
JST
SAR
to
KAVA
SAR
to
KCS
SAR
to
KSM
SAR
to
KNC
SAR
to
LDO
SAR
to
LQTY
SAR
to
LPT
SAR
to
LOOKS
SAR
to
LRC
SAR
to
LUNA
SAR
to
MKR
SAR
to
MASK
SAR
to
EGLD
SAR
to
ALICE
SAR
to
NEAR
SAR
to
XEM
SAR
to
NEXO
SAR
to
NOT
SAR
to
NMR
SAR
to
OKB
SAR
to
OMG
SAR
to
ONT
SAR
to
EDU
SAR
to
OP
SAR
to
OGN
SAR
to
CAKE
SAR
to
PAXG
SAR
to
PENDLE
SAR
to
DOT
SAR
to
MATIC
SAR
to
QTUM
SAR
to
QNT
SAR
to
RDNT
SAR
to
XRD
SAR
to
RVN
SAR
to
REN
SAR
to
RSR
SAR
to
RLC
SAR
to
RPL
SAR
to
SFP
SAR
to
SHIB
SAR
to
SKL
SAR
to
SXP
SAR
to
STND
SAR
to
STG
SAR
to
XLM
SAR
to
GMTBSC
SAR
to
STORJ
SAR
to
STMX
SAR
to
SUSHI
SAR
to
SNX
SAR
to
USDTPOL
SAR
to
USDTAVAC
SAR
to
USDTBEP20
SAR
to
USDT20
SAR
to
USDTSOL
SAR
to
USDTNEAR
SAR
to
USDTXTZ
SAR
to
USDTTRC20
SAR
to
USDTTON
SAR
to
XTZ
SAR
to
GRT
SAR
to
SAND
SAR
to
TFUEL
SAR
to
THETA
SAR
to
RUNE
SAR
to
TONCOIN
SAR
to
TUSDBSC
SAR
to
TUSDTRX
SAR
to
TWT
SAR
to
UOS
SAR
to
UMA
SAR
to
UNI
SAR
to
USDCPOL
SAR
to
USDCSOL
SAR
to
USDCOP
SAR
to
USDCBSC
SAR
to
USDCAVAC
SAR
to
USDCARB
SAR
to
USDC
SAR
to
VET
SAR
to
VRA
SAR
to
WAXP
SAR
to
WOO
SAR
to
WLD
SAR
to
WBTC
SAR
to
WMINIMA
SAR
to
XDC
SAR
to
YFI
SAR
to
YGG
SAR
to
ZIL

Frequently asked questions

  • What is the SAR/DAI trading pair and its significance in the DeFi space?

    The SAR/DAI pair represents the exchange rate between the Saudi Riyal (SAR) and the Dai (DAI) stablecoin. Its significance lies in providing a direct fiat on-ramp from SAR into the decentralized finance (DeFi) ecosystem. Dai is an Ethereum-based, over-collateralized stablecoin governed by the MakerDAO protocol, making this pair a crucial gateway for users in Saudi Arabia to access dApps, lending protocols, and yield farming opportunities without exposure to typical crypto asset volatility.

  • What are the common methods to buy DAI with Saudi Riyal (SAR) on a cryptocurrency exchange?

    To buy DAI with SAR, you typically need to use a centralized cryptocurrency exchange that supports SAR deposits. The most common method is a local bank transfer. Users must complete KYC/AML (Know Your Customer/Anti-Money Laundering) verification, in line with SAMA regulations. Once your account is funded with SAR, you can place a buy order on the SAR/DAI order book or use an instant buy feature to acquire the digital asset.

  • How does Dai's over-collateralization model benefit a SAR/DAI transaction?

    Dai's over-collateralization, managed by the MakerDAO protocol, ensures that every DAI in circulation is backed by a greater value of other crypto assets locked in smart contracts called Vaults. For a SAR/DAI transaction, this provides a high degree of confidence in Dai's peg stability to the US Dollar. Unlike algorithmic stablecoins, this model is more resilient to market shocks, meaning the DAI you purchase with SAR is likely to maintain its value, serving as a reliable store of value and unit of account within the DeFi ecosystem.

  • After acquiring DAI with SAR, what are the best practices for storing it securely?

    Once you purchase DAI, an ERC-20 token, it is highly recommended to transfer it from the exchange to a non-custodial digital wallet where you control the private keys. Options range from software wallets like MetaMask to hardware wallets for enhanced security. Self-custody is a core principle of decentralization and protects your digital assets from exchange-related risks like hacks or freezes. Always back up your seed phrase securely and never share it.

  • Are there specific regulatory considerations, like from SAMA, when trading SAR for DAI?

    Yes, any fiat on-ramp involving the Saudi Riyal (SAR) is subject to the regulatory framework of the Saudi Central Bank (SAMA). This means that cryptocurrency exchanges offering SAR/DAI pairs must adhere to strict KYC (Know Your Customer) and AML (Anti-Money Laundering) compliance procedures. Users will be required to verify their identity before they can deposit SAR and trade. It's crucial to use a regulated platform that operates in compliance with local laws to ensure a secure trading environment.
Could not find the answer to your question? Describe your issue in  

Trade on the go
Anywhere. Anytime

Through Switchere you can buy or sell crypto instantly - transact all popular coins and tokens at the tap of a button.

App Store Google Play
Switchere Mobile Interface

Our website uses cookies. Our Cookie Policy