1 DAI = ₺43.72 Turkish Lira 1 TRY Turkish Lira = 0.02287235 DAI
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View ChartDai (DAI) is a decentralized stablecoin on the Ethereum blockchain that is designed to maintain a 1:1 peg with the US dollar. Unlike traditional stablecoins, which are backed by centralised dollar reserves, Dai achieves stability through collateralized crypto assets. It is generated by the Maker Protocol and managed by MakerDAO, a decentralised autonomous organisation (DAO) that is governed by MKR token holders. Launched in 2017 by Danish entrepreneur Rune Christensen, Dai offers individuals and businesses a low-volatility digital asset.
Dai’s stability relies on a Collateralized Debt Position (CDP) mechanism. Users lock Ethereum (ETH) or other supported ERC-20 tokens in smart contracts as collateral to generate Dai. For instance, depositing $200 worth of ETH could enable the creation of 100 Dai, with over-collateralization (usually 150% or more) ensuring value stability. If the value of the collateral drops, the system automatically sells some of it to maintain the peg. Repaying Dai burns it, releasing the collateral. Dai’s supply adjusts dynamically based on market demand, with no fixed cap.
Dai’s strengths include decentralization and stability. As it is free from single-entity control, it offers transparency and trust, making it popular in decentralized finance (DeFi) for lending and payments. As a stablecoin, Dai protects users from crypto market volatility and enables risk reduction during downturns. However, over-collateralization reduces capital efficiency and rapid drops in collateral prices can trigger liquidations, resulting in losses.
The easiest way to buy DAI is through a crypto exchange like BTCC. BTCC makes purchasing DAI easy and accessible whether you use fiat currency or crypto. Trusted by over 9.1 million investors across 100 countries, BTCC is dedicated to offering excellent crypto trading service for all trades. If you’re ready to dive in and make your first DAI purchase, register with BTCC today.
Trading DAI/TRY involves speculating on its price movement. Follow these steps to start:
Fund Your Account: Deposit TRY or DAI into your BTCC account.
Navigate to the Market: Go to the "Trade" section and select the DAI/TRY trading pair.
Analyze the Chart: Use our professional trading charts and indicators to inform your decision.
Place Your Trade Order:
To Buy (Go Long): If you think the price will rise, place a buy order.
To Sell (Go Short): If you think the price will fall, open a short position (available in derivatives trading, such as futures).
Set Order Parameters: Choose between Market, Limit, or Stop orders based on your strategy, enter the amount, and confirm the order.
Manage Your Trade: Monitor your open positions and use Stop-Loss/Take-Profit orders to manage risk automatically.
For detailed guides on each order type and risk management, please visit our Help Centre
Yes, absolutely. BTCC supports multiple methods to gain exposure to Dai(DAI) using TRY, from simple purchases to advanced trading strategies.
You can:
Buy Instantly: Use our "Buy Crypto" feature with a linked debit/credit card or bank transfer to purchase Dai directly.
Trade on the Spot Market: Deposit TRY and place a buy order on the DAI/TRY spot trading pair using market or limit orders, taking direct ownership of the DAI.
Trade DAI/TRY Futures: For more advanced strategies, you can trade DAI/TRY perpetual or dated futures contracts. This allows you to speculate on Dai's future price movements with leverage, enabling potential profits from both rising and falling markets without needing to hold the underlying asset directly.
To perform your DAI to TRY conversion on BTCC:
Sign in to your account, or create a new BTCC account if needed.
Go to the trading interface and select the DAI/TRY trading pair.
Input the specific amount of Dai you wish to sell.
Verify the displayed exchange rate and your final TRY total.
Confirm and finalize the sell transaction.
Following these steps, your TRY balance will be updated instantly.
Our converter tool is designed for quick calculations. Here's how to use it:
Locate the 'Crypto Converter' section on our website or in the app.
Enter the amount of the DAI you want to convert in the first field.
The equivalent value in TRY will be instantly calculated and displayed in the second field, using the latest live market rate.
The DAI/TRY exchange rate is the current market price at which 1 Dai(DAI) can be exchanged for TRY. Put simply, it tells you how many TRY one Dai is worth at any given moment.
Currently, one Dai is ₺43.72. Due to the 24/7 nature of the global cryptocurrency market, the price of 1 Dai (DAI) in TRY is constantly changing. To see the live price, please check the market data section at the top of our platform or visit our DAI to TRY converter.