Dai (DAI) price in AUD

Dai (DAI) is a top-50 crypto-asset by market value, currently sitting at rank #26. It last traded near A$1.42 on Australian-dollar markets. The circulating market value is about A$6.47 billion. Jittie groups DAI under Stablecoins — Crypto-assets designed to hold a steady value, usually one US dollar, and used for moving money between exchanges without cashing out. This page keeps the live DAI price in AUD alongside plain-English background, so you can see what you would actually be buying before you buy it.

Dai price in Australian dollars

The Dai price shown above is quoted in Australian dollars and refreshes throughout the day. Over the last 24 hours DAI is down 0.16%. Across the past week it is up 0.00%, and over 30 days it is up 0.02%.

Around A$18.84 million of DAI changes hands globally in a typical 24-hour window, which matters more than most people expect: thin volume means wider spreads, so the price you pay on a small Australian exchange can differ from the headline figure. At a market value near A$6.47 billion, Dai is a top-50 crypto-asset by market value.

Dai's highest recorded price is A$1.94. DAI currently trades about 26.4% below that level. A long way below an all-time high is not by itself a bargain — an asset can stay down for years, and some never recover.

Dai supply and market size

There are roughly 4.54 billion DAI in circulation today. Total supply is around 4.54 billion DAI, and there is no fixed hard cap published, so future issuance can change the picture.

Supply matters because price alone tells you nothing about size. A coin trading at a few cents with hundreds of billions of units can be worth far more in total than a coin trading at several hundred dollars. Always compare market value, not unit price, when you are weighing one crypto-asset against another.

How to buy Dai in Australia

Buying DAI with Australian dollars follows the same path as any other crypto-asset. You will need photo ID, an Australian bank account and an exchange that actually lists DAI — not every AUD exchange does, especially outside the top 100.

  1. Pick an AUSTRAC-registered exchange that lists DAI against AUD, and complete identity verification.
  2. Deposit Australian dollars by PayID or bank transfer. Card deposits are faster but usually cost more.
  3. Check the spread and the trading fee before ordering. A limit order gives you control over the price you pay.
  4. Place your order for Dai, then record the date, AUD amount and fees — you will need them at tax time.
  5. For anything you plan to hold, move DAI off the exchange into a wallet you control.

Risks worth understanding before buying DAI

Dai is designed to hold a steady value rather than to grow. The risk is different from other crypto: it is about whether the issuer actually holds the reserves it claims, and whether you can always redeem at face value. Pegs have broken before.

Even large crypto-assets carry platform risk. If an exchange fails, coins held there can be caught in an administration process, which is why self-custody matters for long-term holdings.

In Australia, disposing of DAI — selling it, swapping it for another coin, or spending it — is a capital gains tax event. Keep records from your first purchase; reconstructing them years later is painful.

Coins similar to Dai

Dai sits in the stablecoins group. Crypto-assets designed to hold a steady value, usually one US dollar, and used for moving money between exchanges without cashing out. If you are comparing options, these sit in the same group and are worth reading side by side.

Dai FAQ

What is the Dai price in AUD today?

Dai (DAI) last traded around A$1.42. The figure on this page updates through the day from live market data, and the price your exchange quotes will differ slightly because of spread and fees.

Can Australians buy Dai?

Yes, where an AUSTRAC-registered exchange lists DAI against Australian dollars. Availability varies by exchange, and smaller assets are listed in fewer places, so check the pair exists before you deposit funds.

Is Dai a good investment?

Nobody can answer that for you, and Jittie does not give financial advice. What we can say is what the data shows: Dai is a top-50 crypto-asset by market value with a market value near A$6.47 billion, and crypto prices are volatile enough that you should only commit money you can afford to lose entirely.

How is DAI taxed in Australia?

The ATO treats crypto-assets as property, not currency. Selling DAI, swapping it for another coin, or spending it is a capital gains tax event, and holding for more than twelve months may qualify you for the CGT discount. Keep your records from day one.

Where should I store DAI?

Small amounts you actively trade can stay on an exchange. Anything you intend to hold is safer in a wallet you control, where you hold the seed phrase. Read our guide on crypto wallets before you move funds for the first time.

Keep learning

New to this? Start with how crypto actually works, then read what a crypto wallet is and how to spot crypto scams in Australia. For the wider stablecoins group, see Stablecoins on our coin index.

Education only. Jittie is operated by Eagle BTM Pty Ltd ACN 659 281 820, an AUSTRAC-registered digital currency exchange. Nothing here is financial, tax or legal advice.