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How to buy MakerDAO Stablecoin(DAI) in Turkey

Updated on:  2024/05/26 12:22:52(UTC+0)
Bitget is legally accessible in Turkey. You can buy MakerDAO Stablecoin in Turkey through Bitget.
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In this tutorial, we will discuss:
1
Where and how to buy MakerDAO Stablecoin in Turkey
2
Alternative methods to obtain MakerDAO Stablecoin in Turkey
3
Methods to obtain MakerDAO Stablecoin for free
4
What are the applications of MakerDAO Stablecoin in Turkey
5
Market stats to assist in determining optimal times for purchasing MakerDAO Stablecoin
6
How to safely store your MakerDAO Stablecoin
7
How to withdraw MakerDAO Stablecoin

Where and how to buy MakerDAO Stablecoin in Turkey

Investing in MakerDAO Stablecoin has never been easier. Simply sign up on Bitget, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets. This is a widely adopted method to buy MakerDAO Stablecoin. Here's a step-by-step guide on how to buy MakerDAO Stablecoin on Bitget.

Step-by-step guide

Step 1: Create a Bitget account.

Sign up and download the Bitget app to start your journey on Bitget.

Step 2: Complete Bitget's identity verification.

Kindly verify your identity to ensure full compliance and enhance your Bitget experience.
You can access the identity verification page, fill out your country, upload your ID documents, and submit your selfie. You will receive a notification once your identity has been successfully verified.

Step 3: Place a MakerDAO Stablecoin order through any of the various payment options provided.

Credit/Debit card: For Visa/Mastercard, select Credit/Debit card and then click Add New Card in the Buy Crypto tab.
Complete your payment on Bitget AppCredit/Debit in the Buy Crypto tab of the Bitget app
Enter the bank card details to complete your payment on Bitget WebsiteCredit/Debit in the Buy Crypto tab of the Bitget website
Select your preferred fiat currency, enter the amount you wish to spend, link your credit card, and then complete your payment with zero fees.
Complete your payment on Bitget AppAdd a new card to complete your payment on the Bitget app
Enter the bank card details to complete your payment on Bitget WebsiteEnter your bank card details to complete your payment on the Bitget website
For Diners Club/Discover card, click Buy Crypto > [Third Party] in the top navigation bar to place your MakerDAO Stablecoin order.
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How to buy crypto with credit/debit card
Google Pay and Apple Pay: Turning your Google Pay and Apple Pay balance into MakerDAO Stablecoin is easy and secure on Bitget. Click Buy Crypto > [Third Party] in the top navigation bar to place your MakerDAO Stablecoin order.
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How to buy crypto via third-party gateway
Buy MakerDAO Stablecoin via bank transfer: We accept iDeal and SEPA for EUR payments, PIX for BRL payments, PayID for AUD payments, UPI for INR payments, QRIS, DANA, and OVO for IDR payments, SPEI for MXN payments, and Gcash for PHP payments. Services are provided by the AlchemyPay, Banxa, Mercuryo, and Simplex payment gateways. Select Buy Crypto > [Third Party] in the top navigation bar, then select a fiat currency to place your MakerDAO Stablecoin order.
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How to buy crypto on Bitget P2P
Buy MakerDAO Stablecoin with your Bitget account fiat balance: You can Deposit fiat funds with SEPA to top up your Bitget fiat balance. Then click Buy Crypto >[Cash conversion] in the top navigation bar to place your MakerDAO Stablecoin order.
Zero-fee P2P trading: With Bitget P2P, you can buy crypto with over 100 payment methods, including bank transfer, cash, and e-wallets like Payeer, Zelle, Perfect Money, Advcash, and Wise. Just place an order, pay the seller, and you'll get your crypto. Enjoy secured transactions using escrow.

Step 4:Monitor MakerDAO Stablecoin in your Bitget spot account

If you've chosen to purchase MakerDAO Stablecoin on Bitget, your MakerDAO Stablecoin will be instantly credited to your Bitget spot account upon payment completion. You can click Assets located on the top right corner of the page to check your assets. Additionally, you can buy, deposit, convert, trade, and withdraw them.
Check your Assets
Check your assets

Alternative methods to obtain MakerDAO Stablecoin in Turkey

In addition to purchasing MakerDAO Stablecoin directly, there are numerous other ways to obtain MakerDAO Stablecoin.

Convert crypto to MakerDAO Stablecoin with Bitget Convert

Bitget Convert offers a secure, swift, and zero transaction fee method to convert crypto to MakerDAO Stablecoin. Just choose your available crypto assets, specify the amount for the MakerDAO Stablecoin swap, confirm, and check MakerDAO Stablecoin instantly credited to your spot account. Ensure sufficient account balance before proceeding with the conversion.
Bitget Convert Preview
Bitget Convert preview

Swap on-chain assets to MakerDAO Stablecoin with Bitget Swap

Unlike buying or selling crypto, swapping does not access traditional financial rails since fiat currencies are not involved. Bitget Swap supports over 250,000 cryptocurrencies on 30 major blockchains including Ethereum, Polygon, and Solana. You can exchange any other crypto to MakerDAO Stablecoin anytime, anywhere, including cross-chain transactions. Transaction gas fees are automatically converted.
Click Trade > [Bitget Swap] in the top navigation bar to swap any other cryptocurrency for MakerDAO Stablecoin.

Methods to obtain MakerDAO Stablecoin for free

Using real money to buy MakerDAO Stablecoin is not the only way to obtainMakerDAO Stablecoin. If you have the time to allocate, you can get MakerDAO Stablecoin for free.
Learn how to earn MakerDAO Stablecoin for free through the Learn2Earn promotion
Earn free MakerDAO Stablecoin by inviting friends to join Bitget's Assist2Earn promotion
Receive free MakerDAO Stablecoin airdrops by joining On-going challenges and promotions
All crypto airdrops and rewards can be converted to MakerDAO Stablecoin through Bitget Convert, Bitget Swap, or Spot Trading.
Note: Want to keep tabs on coin prices? Visit our Coin prices directory or MakerDAO Stablecoin Price Page and bookmark them to stay updated!
MakerDAO Stablecoin
MakerDAO Stablecoin Price Now:
DAI / USDT
$1.00
0.00
0.00%24H
The live MakerDAO Stablecoin price today is $1.00 USD with a 24-hour trading volume of $535453.54 USD. We update our DAI to USD price in realtime. DAI is 0.00% in the last 24 hours.
Are you planning to buy DAI?
See if other users are buying DAI:
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How to buy MakerDAO Stablecoin in other countries?

You can easily buy MakerDAO Stablecoin (MakerDAO Stablecoin) with the lowest fees and highest security wherever Bitget is available. Select your country in the search box below to start buying MakerDAO Stablecoin in your preferred location:
This information is manually updated. If you come across any inaccuracies, please inform us at [email protected]. Last checked on 2024-05-26.

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What can you do with MakerDAO Stablecoin?

Now that you've secured your share of the digital revolution, it's time to take the next steps. Whether you're a seasoned investor or just starting out, explore our advanced trading features, like margin trading and futures trading, to amplify your potential returns. Keep an eye on the market through our intuitive interface and real-time charts, helping you seize opportunities as they arise. Consider staying ahead of market trends with Bitget's insightful educational resources, providing you with the knowledge you need to make informed trading decisions. Your crypto journey has just begun. With Bitget, you're positioned to navigate the exciting world of cryptocurrencies with confidence. And remember, our dedicated customer support team is here to assist you on your journey, addressing any queries you might have.
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Store/Hold MakerDAO Stablecoin

Many users hold on to their MakerDAO Stablecoin with the expectation of it increasing in value. You can store your DAI safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.

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Trade MakerDAO Stablecoin

You can trade MakerDAO Stablecoin for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for MakerDAO Stablecoin trading to meet your needs.

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Send MakerDAO Stablecoin

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy MakerDAO Stablecoin online and send to anyone and anywhere with their MakerDAO Stablecoin address.

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Spend MakerDAO Stablecoin

You can also buy goods and services with your MakerDAO Stablecoin. More and more vendors and retailers accept MakerDAO Stablecoin every day.

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Donate MakerDAO Stablecoin

Bitget Charity accepts MakerDAO Stablecoin donations for global projects that aim to improve the lives of people in the bottom billion. You can donate MakerDAO Stablecoin so no one misses out on the growth made possible by blockchain.

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Learn More About MakerDAO Stablecoin

You can read more in-depth articles on MakerDAO Stablecoin from Bitget Research and study how cryptocurrencies like MakerDAO Stablecoin work on Bitget Academy

Market stats to assist in determining optimal times for purchasing MakerDAO Stablecoin

Maybe you just need to know more about it. Let us briefly guide you through the most interesting MakerDAO Stablecoin facts from our Bitget Academy articles. Learn why people buy MakerDAO Stablecoin today!

What is MakerDAO Stablecoin (DAI)?

MakerDAO is one of the backbone projects of Decentralized Finance (DeFi), first introduced in 2015 after the launch of Ethereum’s first mainnet. It took the developer team two years to build the architecture that enables the creation of DAI Stablecoin. DAI Stablecoin is not just another stablecoin. DAI is governed by the first well-respected Decentralized Autonomous Organization (DAO), which in turn assures its decentralized nature and unbiasedness.

MakerDAO also laid the foundation for lending and borrowing activities on the Ethereum blockchain. The idea behind DAI Stablecoin and MakerDAO is to reduce involvement of financial middlemen and facilitate access to loans.

Backed By Cryptocurrencies

Even though DAI Stablecoin’s value is pegged to the US-Dollar at the 1:1 ratio, its design does not require physical reserve like USDT or USDC. MakerDAO allows borrowers to generate DAI, i.e. borrow stable digital money, upon depositing collaterals. According to MakerDAO’s Oasis app, the four types of collaterals supported include Ethereum (ETH), Wrapped Bitcoin (WBTC), ETH-Staked ETH Liquidity Pair on Curve v1 (CRVV1ETHSTETH), Wrapped stETH (WSTETH) and more than 10 other cryptocurrencies.

Algorithmic Stablecoin

DAI Stablecoin is the only stablecoin able to maintain its US1.00 valuation throughout the course of its existence. The smart contract design of MakerDAO decides which collaterals to be accepted, the corresponding collateral ratio, and the burn (destroying) of DAI when loans are repaid, hence the control of DAI circulating supply and its value.

Secured Lending

Default risk is the major concern of lenders. The key element in DAI Stablecoin design is the overcollateralization, meaning the ratio between collaterals and the amount of DAI to be issued must always be higher than 100%. That requirement directly targets the volatility of cryptocurrencies’ value, hence maintaining the peg between DAI and USD as well as ensuring the value of lenders’ assets.

How MakerDAO Stablecoin (DAI) Works

1. Taking out a loan:

Here is the DAI issuance process, simplified: Borrower deposits collateral, activating the minting of new DAI Stablecoins. When borrower returns the original amount of DAI (please note here that due to potential arbitraging activities, borrower may have earned more DAI than the original amount and will obviously have the right to keep the difference), collaterals will be returned to the borrower and the returned DAI will be destroyed to avoid excessive circulating tokens.

2. Liquidation:

In the case that borrower is unable to pay back the loan (in DAI) or the collateralization ratio falls below the required level, liquidation will take place. The overcollateralization rule says that the ratio between collateral and DAI must always be higher than 100%, for example 175% for wBTC. That means if you deposit US$175 in Bitcoin, you’ll receive a loan of US$100 in DAI, and the remaining US$75 is reserved for the extreme cases mentioned above. Anyone may trigger the liquidation function on the contract in order to protect the system from an impaired loan, and receive a percentage of the balance as a reward.

How Many DAI Tokens Are in Circulation?

According to CoinGecko, the current amount of DAI in circulation is 6,475,887,830 DAI (as of September 23, 2022). What is worth noting here is the maximum supply is also 6,475,887,830 DAI - that is, there is no fixed supply of DAI but DAI issuance and burn will depend on the lending activities. The excessive amount of DAI can be deliberately traded on centralized and decentralized exchanges.

How to Buy MakerDAO Stablecoin (DAI)

Consider selling or investing in MakerDAO Stablecoin (DAI)? It only takes 2 minutes to create an account on Bitget and start trading DAI.

Check out the available DAI trading pairs on Bitget!

Spot market

DAIUSDT

DAIUSDC

MegaSwap market

DAI (ERC-20)

DAI (BEP-20)

MakerDAO (DAI) Resources

Whitepaper

Official MakerDAO Website

Buy MakerDAO Stablecoin in Turkey with Bitget

How to safely store your MakerDAO Stablecoin

Many investors opt to hold onto their MakerDAO Stablecoin for long-term investment. Safeguard your MakerDAO Stablecoin with confidence using the Bitget Wallet, known for its industry-leading security and risk control, backed by Suntwin Technology, Qingsong Cloud Security, HEAP, and Armors. Sign up now to enjoy the perks of owning a MakerDAO Stablecoin wallet at Bitget.

How to withdraw MakerDAO Stablecoin with Bitget's hassle-free withdrawal process

Using an exchange is one of the most convenient methods to cash out your MakerDAO Stablecoin or other crypto, and Bitget stands out as an excellent choice. With its user-friendly Buy/Sell buttons, Bitget simplifies the experience, allowing you to intuitively select the cryptocurrency you want to sell and specify the sell amount.
When it comes to withdrawing the MakerDAO Stablecoin you've acquired, Bitget offers a seamless experience. Enjoy competitive fees, a flexible minimum withdrawal threshold, and lightning-fast delivery times within 24 hours, ensuring your is readily available for you.
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Turkey is officially the Republic of Turkey, and it has a population of 84,680,273 people. It is located on the Anatolian Peninsula in Western Asia, with a minor fraction on the Balkan Peninsula in Southeast Europe. Ankara is the capital of Turkey, while Istanbul is its largest city.

Turkey is the place where Eastern culture meets Western culture. It is also a dazzling destination that straddles Asia and Europe. You must not miss the attractions in Turkey, including Hagia Sophia (Aya Sofya) Mosque, Hagia Sophia (Aya Sofya) Mosque, Cappadocia, and Topkapı Palace. Whether you’re in Ankara, Istanbul, İzmir, and Bursa, Bitget is ready to serve any need in cryptocurrency, whether P2P, spot, or utures trading..

The currency of Turkey is the Turkish lira (TRY). It takes only a few minutes to buy Bitcoin or other cryptocurrencies on Bitget by TRY, including Crypto Deposit, P2P Trading, and Third-Party Payments (using credit cards, Apple Pay, or Google Pay.) Turkish is the national language of Turkey, and both Bitget website and app are supporting Turkish.

Turkey is a Eurasian border country located in Western Asia's Anatolian Peninsula, with a small fraction on Southeast Europe's Balkan Peninsula. Wherever you are in Turkey, there is no better place to trade cryptocurrencies or crypto futures than right here with Bitget, which has already acquired the U.S. MSB License, Canada MSB License, and Australia (DCE) License.

FAQ
How do I purchase MakerDAO Stablecoin?
Nowadays, you can purchase and store MakerDAO Stablecoin hassle-free on a CEX like Bitget. You can use your debit/credit card, bank transfer, or perform peer-to-peer trading to buy MakerDAO Stablecoin. You can easily do it on your computer, tablet, iOS, or Android.
Can I buy US$1 worth of MakerDAO Stablecoin?
In theory, MakerDAO Stablecoin can be divided and bought in an amount that is worth US$1, but on Bitget, the minimum order amount on the spot market is limited to US$5.
Can I buy US$10 of MakerDAO Stablecoin?
Yes, can be divided and bought in an amount that is worth US$10. On Bitget, the minimum order amount on the spot market is limited to US$5.
Where else can I buy MakerDAO Stablecoin?
If a token is not available for purchase via the P2P market or debit/credit card. You can place a buy order for it via the spot market.
Where is the best place to buy MakerDAO Stablecoin?
The best place to buy MakerDAO Stablecoin is the exchange that provides hassle-free and secure transactions combined with a convenient interface and high liquidity. Millions of users every day choose Bitget as a trusted crypto purchase platform.
Should I buy MakerDAO Stablecoin right now?
You should make a decision on purchasing or investing in MakerDAO Stablecoin or other tokens after performing your own research and analysis. Bitget provides user-friendly crypto trading and purchasing services. Additional resources such as Bitget Academy and Bitget Insights help users to navigate the current market news and trends.
Cryptocurrency investment activities, including actions done to buy MakerDAO Stablecoin online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy MakerDAO Stablecoin instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your MakerDAO Stablecoin purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.