Dai (DAI) in ChainATM

ChainATM does not currently offer Dai (DAI) as a direct purchase in the app. This page explains what DAI is and what to check about it.

ETH to DAI swap guide

What is Dai?

Dai (DAI) is a stablecoin.

DAI and ChainATM

ChainATM does not currently offer Dai (DAI) as a direct purchase in the app. This guide only explains what to check about the asset. Whether a swap into DAI is possible is shown only by the current proposal in the app.

What to check about DAI

  • A stablecoin is designed to track its peg, but "stable" is not "risk-free". You rely on the issuer holding reserves and honouring redemptions.
  • DAI can exist on more than one network, and the versions are not interchangeable. Check the network in the proposal. Sending to an address on the wrong network can lose the funds.
  • ChainATM adds no fee or markup of its own. Network, provider and bridge costs still apply. Some are built into the quoted amount rather than listed separately, so check what you pay and what you receive before you confirm.

Step by step

1

Open ChainATM

Open the ChainATM app on your iPhone.

2

Ask about DAI

For example "What is the DAI price?".

3

Check any swap proposal

Only the current proposal in the app shows whether a swap is possible, with the network, amount and costs.

4

Confirm or cancel

Nothing is executed until you confirm.

Frequently Asked Questions

Is Dai a direct purchase in ChainATM?

No. ChainATM does not currently offer Dai (DAI) as a direct purchase in the app. This page only explains what DAI is and what to check about it.

Can I get DAI through a swap?

Whether a swap into DAI is possible for your network and amount is shown only by the current proposal in the app. Nothing is executed until you confirm. A typed or spoken request is not approval. In the current reviewed flows, you see a proposal and confirm it in the app before execution is requested.

What does ChainATM charge?

ChainATM adds no fee or markup of its own. Network, provider and bridge costs still apply. Some are built into the quoted amount rather than listed separately, so check what you pay and what you receive before you confirm. Each message you send to the AI in chat uses 1 credit.

Does ChainATM hold my DAI?

ChainATM does not operate an omnibus customer wallet or hold crypto on its own balance sheet. The default embedded wallet is provided by Privy. After you confirm a supported action, execution may use ChainATM's authenticated backend and Privy's wallet infrastructure, or request approval from a connected external wallet, depending on the route. A confirmation screen is not proof that every action is signed only on your device or universally gated by a passkey.