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Convert
Thai Baht (THB) to Dai (DAI) Instantly

THB THB
DAI DAI
Buy Dai (DAI)

Purchase Dai (DAI) with Thai Baht (THB) 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 THB 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.

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Frequently asked questions

  • What is the THB/DAI trading pair and why is it important for DeFi users in Thailand?

    The THB/DAI pair represents the exchange rate between the Thai Baht and Dai, a decentralized stablecoin pegged to the US Dollar. It's a crucial fiat on-ramp for users in Thailand, allowing them to convert THB directly into a stable digital asset. Dai's stability, maintained by the MakerDAO protocol through overcollateralization, provides a reliable entry point into the global DeFi ecosystem on the Ethereum blockchain without exposure to the volatility of other cryptocurrencies.

  • What are the common payment methods for buying DAI with Thai Baht?

    To purchase the DAI stablecoin using THB, users on licensed Thai digital asset exchanges typically use local payment methods. The most common fiat on-ramp options include direct Thai QR code payments, PromptPay transfers, and local bank transfers from major Thai banks. These methods are preferred for their speed and integration with the local banking system, facilitating a smooth transition from fiat to this ERC-20 digital asset after completing KYC/AML compliance checks.

  • How does Dai's overcollateralization ensure the stability of my funds converted from THB?

    Unlike fiat-backed stablecoins, Dai's value is maintained through a system of overcollateralization managed by the MakerDAO protocol. This means that for every Dai in circulation, there is a greater value of other crypto assets (like ETH or WBTC) locked in smart contracts called Vaults. This surplus collateral acts as a buffer against market volatility. If the collateral's value drops, the system automatically liquidates it to ensure the Dai supply remains fully backed, thus securing the 1:1 USD peg for the funds you converted from THB.

  • After buying DAI with THB, what blockchain fees should I expect when transferring it?

    Yes, when you move DAI from a cryptocurrency exchange to a personal digital wallet or use it in a DeFi application, you will incur Ethereum network transaction fees, known as 'gas fees'. Since DAI is an ERC-20 token built on Ethereum, every on-chain transaction requires gas, which is paid in Ether (ETH). The cost of these fees fluctuates based on network congestion. This is separate from any withdrawal fee the exchange itself might charge for the service.

  • What is the role of the MKR governance token in the THB/DAI ecosystem?

    Although you trade THB for DAI, the entire Dai stablecoin system is governed by holders of the Maker (MKR) token. MKR is the governance token of the MakerDAO protocol. Its holders vote on critical parameters, such as stability fees, collateral types accepted into the system, and the Dai Savings Rate (DSR). Their decisions directly impact the health and stability of the Dai peg, which is fundamental to the value of the DAI you acquire with your Thai Baht.
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