Add Dai to MetaMask
Summary: The best way to add the Dai (DAI) stablecoin to your MetaMask Wallet is through the CoinGecko app. Their platform aggregates all of the contract addresses for Dai on all of the supported networks which include Ethereum, Arbitrum, Optimism and many others. Through their website, users can easily add Dai to their MetaMask Wallet on any network at the click of a button.
You can continue reading our guide below for a step-by-step overview on how to get started.
How to Add Dai to MetaMask
As outlined above the best way to add Dai (DAI) to your MetaMask Wallet is by visiting the Dai CoinGecko page. With this method, users can find the verified contract address for Dai on Etheruem, BNB Chain, METIS, Optimism and all other EVM chains where the Dai stablecoin has been deployed.
You can follow this simple guide to add the token to your wallet:
- Visit the CoinGecko DAI Page.
- Click the 'Contract' button underneath 'Info' on the top right of the page.
- Find the network that you want to add the DAI token to on your MetaMask Wallet.
- Select the MetaMask logo icon and it will automatically add it to your MetaMask Wallet.
What is Dai?
Dai is a decentralized stablecoin that is pegged to the US dollar and operates on the Ethereum blockchain. It was created by MakerDAO, a decentralized autonomous organization (DAO) that aims to provide a more stable and accessible financial system for everyone. MakerDAO uses a system of smart contracts to create Dai and manage its value relative to the US dollar, ensuring that its value remains stable over time.
By holding Dai, users can access a stable form of currency for use in decentralized finance (DeFi) applications, reducing their exposure to the volatility of other cryptocurrencies like Bitcoin. MakerDAO's decentralized governance structure allows holders of its MKR token to vote on proposals for improving the Dai system and maintaining its stability.
Is Holding Dai on MetaMask Safe?
MetaMask is a widely used and reputable Ethereum wallet that is known for its security features. Holding Dai on MetaMask can be considered safe as long as the user takes necessary security measures, such as protecting their private keys offline, regularly updating their password and being mindful of clicking dangerous links. However, as with any cryptocurrency, there is always a risk of hacking, theft, or loss of funds, so it's important to follow best practices for storing cryptocurrency securely.
What is the Safest Chain to Hold Dai?
The primary chain for holding DAI is the Ethereum network. As the original blockchain where DAI was created, it provides the most secure and reliable option for storage. Ethereum has the largest network of validators, giving it a higher level of security and decentralization than other blockchains. The Ethereum blockchain is also the most thoroughly audited and tested of all the networks, meaning that its risk of a critical failure or vulnerability being exploited is lower.
Additionally, Ethereum has an extensive ecosystem of other decentralized applications (DApps) and protocols, which means that DAI on Ethereum can be used in a wide variety of ways, such as for decentralized finance (DeFi) applications, NFT marketplaces, and more.
Bottom Line
In conclusion, adding the Dai stablecoin to your MetaMask Wallet is a seamless process using the CoinGecko app. It allows users to access verified contract addresses for Dai on multiple networks and integrate them into their MetaMask Wallet with just a few clicks. As a decentralized stablecoin, Dai offers a stable currency option for those engaged in decentralized finance. While MetaMask is a secure and reputable wallet, users should always follow best practices for safeguarding their digital assets.
How to Get xDAI / How to Convert DAI to xDAI / ETH > DAI > xDAI
5. Wait until you see the “Waiting for bridge…” message, then click Done on the bottom.
6. Switch network in MetaMask from Ethereum Mainnet to the DAI POA Network.
Copy and paste “https://dai.poa.network” from the top right corner of the xdai.io page.
Choose “Custom RPC” in MetaMask after you click. See above image.
Scroll down until you see “New Network” and the box that has “New RPC URL” and paste in the POA network URL there. Click Save.
You are now on the DAI POA Network and should see your xDAI in your MetaMask account.
How to Transfer DAI from Binance to MetaMask
To transfer DAI from Binance to MetaMask, first, you need to import the DAI token to your MetaMask wallet.
Then, copy the MetaMask address and paste it into the Withdrawal window on Binance.
Enter the amount of DAI that you wish to send.
Complete the verification process. That’s it.
You can also send DAI via Binance Smart Chain (BSC) networks depending on your purpose of using DAI.
If you send DAI via BSC, it will become DAI BEP20 and you cannot use it in the Ethereum ecosystems.
How To Add Dai Stablecoin (DAI) To Metamask
The DAI cryptocurrency is a stablecoin pegged to the US Dollar (USD) on a 1:1 ratio. It is the fourth most popular stablecoin by market cap just after USDT, BUSD, and USDC.
DAI is an Ethereum-based stablecoin although it is also available on a handful of the other popular blockchains in the crypto space. The coin’s issuance and development are managed by the Maker Protocol and the Maker Decentralized Autonomous Organization (MakerDAO).
Metamask in contrast is unarguably the most popular non-custodial wallet in the crypto space, especially in the DeFi and NFT sub-spaces. The wallet can be used to store, trade, send, and receive various cryptocurrencies and crypto assets across multiple (compatible) blockchains.
The DAI token can be added to Metamask depending on the network you intend to use the token on and if you’re currently searching for methods on how to add DAI to your Metamask wallet, then you’re on the right page.
In this article, you will learn how to add DAI to Metamask easily across multiple compatible blockchains where the token is available.
How To Add DAI To Metamask (Quick Guide)
- Launch the Metamask extension or mobile app and unlock your account.
- Scroll down to the bottom of the page and click on [Import tokens].
- Search for DAI and select the correct option.
- Click on [Next].
- Finally, click on [Import token] to add DAI to your wallet.
How To Add DAI To Your Metamask Wallet (Step By Step Guide)
DAI is mostly used on Ethereum even though it is also available on other similar blockchains. Unless you intend to use DAI on another network due to specific reasons, we generally recommend you add the token to your wallet on the Ethereum network.
To add DAI to your Metamask wallet on the Ethereum network, you first need to ensure that the Ethereum Mainnet is selected as the default network on your wallet.
Now that your wallet is connected to the Ethereum mainnet, you can import the DAI ERC-20 token to your wallet using the correct contract address for the token.
Below is a step-by-step guide on how to add DAI to your Metamask wallet easily.
Step 1: Launch Metamask and unlock your wallet.
First, launch the Metamask extension on your web browser by clicking on the Metamask icon, then enter the account password to unlock your wallet.
If you’re on mobile, launch the Metamask mobile app by tapping on the Metamask app icon, then enter your account password or biometrics information to unlock your wallet.
Step 2: Ensure Ethereum is the selected network.
Since we’re adding the DAI token to Metamask via the Ethereum Network (ERC-20), you want to make sure that the Ethereum Mainnet is selected as the default network on your wallet.
By default, the Ethereum mainnet should be the selected network on your wallet, but if you have switched networks in the past, then click on the network dropdown box and select “Ethereum Mainnet” from the list of available networks.
Step 3: Click on [import tokens].
Now that your wallet is connected to the Ethereum Mainnet, scroll down to the bottom of the Metamask window and click on [import tokens].
Step 4: Search for the “DAI” and select it from the list, then click [Next].
On the token import page, search for the DAI token by typing in “DAI” in the search field and then selecting [Dai Stablecoin (DAI)] from the search results. The correct DAI token is usually the first one on the list.
After that, click on [Next].
Step 5: Click on [Import token] to add DAI to your Metamask wallet.
Finally, click on [Import token] to add the Dai Stablecoin (DAI) to your wallet on the Metamask browser extension.
Once the token has been added, you can go back to the Metamask home window to view your DAI balance.
With this, you have successfully added the DAI token to your Metamask wallet on the Ethereum network (ERC-20).
How To Add DAI To Metamask On Other Networks.
The DAI Stablecoin is also available on other blockchains and not just the Ethereum blockchain.
Some of these blockchains where the DAI token is also available are compatible with Metamask and this means that DAI can be added to your wallet using any of these compatible blockchains not just Ethereum.
Below is how you can add the Dai Stablecoin (DAI) to your Metamask wallet using other EVM-compatible networks including Polygon, BSC, Fantom, and Avalanche.
How To Add DAI To Metamask On The Polygon Network
Below is how you can add DAI To Metamask on the Polygon Network.
1) Copy the DAI token contract address for the Polygon network.
To add the Dai Stablecoin to your Metamask wallet on Polygon, you first need to get the contract address for the DAI token on Polygon.
To do this, go to the DAI token page on CoinMarketCap. On the page, click on [More], then scroll down on the dialog box until you find the DAI contract address for the Polygon network.
Now, click on the Copy icon next to the DAI Polygon contract address to copy it to your device clipboard.
2. Launch Metamask, unlock your wallet, and ensure Polygon is the selected network.
Launch the Metamask extension by clicking on the Metamask icon in the extensions area of your browser. Enter your account password and click on [Unlock] to unlock your wallet.
Since we will be adding the Dai Stablecoin (DAI) to Metamask on the Polygon network, you will want to ensure that the Polygon network has been added to your Metamask wallet and selected as the default network on the wallet.
If you haven’t added the Polygon Mainnet to your Metamask wallet, we have a good tutorial on how to add Polygon to Metamask easily on both the extension and mobile app. You will need to follow the steps in that guide to add the network to your Metamask wallet before moving forward with this guide.
Once you have added the Polygon network to your wallet, select it as the default network as illustrated in the screenshot below.
3. Scroll down and click on [import tokens].
Now that you have added and selected the Polygon network as the default network on your Metamask wallet, go back to the Metamask main window.
At the bottom of the page, click on [Import tokens].
4. Paste the Contract Address and click [Add Custom Token].
On the token import window, paste the DAI contract address that you copied earlier from the CoinMarketCap website in the “Token Contract Address” field and wait a few seconds for Metamask to automatically fetch the Token Symbol and Token Decimal.
Once that’s done, click on [Add Custom Token].
5. Click on [Import tokens] to add DAI to Metamask on Polygon.
Finally, click on [Import tokens] to add DAI to your Metamask wallet on the Polygon network.
With this, you have successfully added DAI to Metamask on the Polygon network.
How To Add DAI To Metamask On The Binance Smart Chain (BSC)
Another way to add the DAI Stablecoin to your Metamask wallet is by importing the token via the contract address of DAI on BSC to your wallet on the Binance Smart Chain (BSC).
Below is how you can add DAI To Metamask on the Binance Smart Chain Network.
1. Copy the DAI contract address for the Binance Smart Chain (BEP-20 DAI).
To add the Dai Stablecoin to your Metamask wallet on the Binance Smart Chain, you first need to get the contract address from the DAI token on BSC.
To do this, go to the DAI token page on CoinMarketCap. Click on [More], then scroll down on the dialog box until you find the DAI contract address for the Binance Smart Chain (BEP20) network.
Now, click on the Copy icon next to the DAI BEP-20 contract address to copy the address to your device clipboard.
2. Launch Metamask, unlock your wallet, and ensure the Binance Smart Chain is the selected network.
Launch the Metamask extension by clicking on the Metamask icon in the extensions area of your browser. Enter your account password and click on [Unlock] to unlock your wallet.
Since we will be adding the Dai Stablecoin (DAI) to Metamask on the Binance Smart Chain, you will want to ensure that the BSC Network has been added and selected as the default network on your Metamask wallet.
If you haven’t added the Binance Smart Chain to your Metamask wallet, we have a good tutorial on how to add the BSC network to Metamask easily on both the extension and mobile app. You will need to follow the steps in that article to add the BSC network to your Metamask wallet before moving ahead with this guide.
Once you have added the Binance Smart Chain to your wallet, select it as the default network as illustrated in the screenshot below.
3. Scroll down and click on [Import tokens].
Now that you have added and selected the Binance Smart Chain network as the default network on your Metamask wallet, go back to the Metamask main window and scroll down to the bottom.
At the bottom of the page, click on [Import tokens].
4. Paste the Contract Address and click [Add Custom Token].
On the token import window, paste the DAI contract address that you copied earlier from CoinMarketCap and wait a few seconds for Metamask to fetch the Token Symbol and Token Decimal automatically.
Once that’s done, click on [Add Custom Token].
5. Click on [Import tokens] to add DAI to Metamask on the BSC Network.
Finally, click on [Import tokens] to add DAI to your Metamask wallet on the Binance Smart Chain network.
With this, you have successfully added DAI to Metamask on the Binance Smart Chain.
How To Add DAI To Metamask On The Fantom Network
The Fantom network is another blockchain on which the Dai Stablecoin (DAI) is also available.
To add DAI to your Metamask wallet on the Fantom network, you need to copy the correct contract DAI address for the Fantom network and then import the token to your wallet using the contract address.
Below is how you can add DAI To Metamask on the Fantom network.
1. Copy the DAI contract address for the Fantom network.
To add the Dai Stablecoin to your Metamask wallet on the Fantom network, you first need to get the contract address from the DAI token on Fantom.
To do this, go to the DAI token page on CoinMarketCap. On the page, click on [More], then scroll down on the dialog box until you find the DAI contract address for the Fantom network.
Now, click on the Copy icon next to the DAI Fantom contract address to copy the address to your device clipboard.
2. Launch Metamask, unlock your wallet, and ensure the Binance Smart Chain is the selected network.
Launch the Metamask extension by clicking on the Metamask icon in the extensions area of your browser. Next, enter your account password and click on [Unlock] to unlock your wallet.
Since we will be adding the DAI coin (DAI) to Metamask on the Fantom Chain, you will want to ensure that the Fantom Main Network is added and selected as the default network on your Metamask wallet.
If you haven’t added the Fantom network to your Metamask wallet, we have a good tutorial on how to add the Fantom network to Metamask easily on both the extension and mobile app. You will need to follow the steps in that article to add the Fantom network to your Metamask wallet before moving forward with this guide.
Once you have added the Fantom mainnet (or Fantom Opera) to your wallet, select it as the default network as illustrated in the screenshot below.
3. Scroll down and click on [Import tokens].
Now that you have added and selected the Fantom network as the default network on your Metamask wallet, go back to the Metamask main window and scroll down to the bottom.
At the bottom of the page, click on [Import tokens].
4. Paste the Contract Address and click [Add Custom Token].
On the token import window, paste the DAI contract address that you copied earlier from CoinMarketCap and wait a few seconds for Metamask to fetch the Token Symbol and Token Decimal automatically.
Once that’s done, click on [Add Custom Token].
5. Click on [Import tokens] to add DAI to Metamask on the Fantom Network.
Finally, click on [Import tokens] to add DAI to your Metamask wallet on the Fantom network.
How To Add DAI To Metamask On Avalanche
Below is how you can add DAI To Metamask on the Avalanche C-Chain.
1. Copy the DAI contract address for the Avalanche C-Chain.
To add the Dai Stablecoin (DAI) to your Metamask wallet on the Avalanche network, you first need to get the contract address from the DAI token on Avalanche.
To do this, go to the DAI token page on CoinMarketCap. On the page, click on [More], then scroll down on the dialog box until you find the contract address of the DAI token on Avalanche.
Now, click on the Copy icon next to the DAI Avalanche contract address to copy the address to your device clipboard.
2. Launch Metamask, unlock your wallet, and ensure the Avalanche network is the selected network.
Launch the Metamask extension by clicking on the Metamask icon in the extensions area of your browser. Next, enter your account password and click on [Unlock] to unlock your wallet.
Since we will be adding the Dai Stablecoin (DAI) to Metamask on the Avalanche Chain, you will want to ensure that the Avalanche Mainnet is added and selected as the default network on your Metamask wallet.
If you haven’t added the Fantom network to your Metamask wallet, we have a good tutorial on how to add Avalanche to Metamask easily on both the extension and mobile app. You will need to follow the steps in that article to add the Avalanche network to your Metamask wallet before moving forward with this guide.
Once you have added the Avalanche mainnet to your wallet, select it as the default network as illustrated in the screenshot below.
3. Scroll down and click on [Import tokens].
Now that you have added and selected the Avalanche network as the default network on your Metamask wallet, go back to the Metamask main window and scroll down to the bottom.
At the bottom of the page, click on [Import tokens].
4. Paste the Contract Address and click [Add Custom Token].
On the token import window, paste the DAI contract address that you copied earlier from CoinMarketCap and wait a few seconds for Metamask to fetch the Token Symbol and Decimal automatically.
Once that’s done, click on [Add Custom Token].
5. Click on [Import tokens] to add DAI to Metamask on the Avalanche Network.
Finally, click on [Import tokens] to add DAI to your Metamask wallet on the Avalanche network.
Can You Buy DAI On Metamask?
No, you currently cannot buy DAI directly on your Metamask wallet.
To get DAI on your Metamask wallet, you first need to buy it from a crypto exchange and then transfer it from the said exchange to your Metamask wallet.
We recommend you purchase DAI on the Binance exchange and you can create a free account using this link.
Once you have created an account, you can hop on the Binance website or mobile app and buy DAI directly on the platform using either your credit/debit card, bank deposit, P2P, or third-party payment platforms.
Now that you have purchased some DAI, copy your wallet address from Metamask and transfer DAI from Binance to your Metamask wallet address using either the Binance Smart Chain or the Ethereum network depending on the network you used when adding DAI to your Metamask wallet.
Wrapping Up
The Dai Stablecoin (DAI) is the fourth largest stablecoin in the crypto space by market cap and t is pegged to the US Dollar (USD) on a 1:1 ratio.
There are quite a few ways to add the DAI token to your Metamask wallet and this depends on the network you intend to use DAI on.
You can add DAI to your Metamask wallet on the Ethereum network by simply selecting the Ethereum Mainnet as the default network on your wallet. After that, click on [Import tokens] at the bottom of the page then search for DAI and add the token to your wallet.
On other networks like Polygon, Cronos, Avalanche, and the Binance Smart Chain, you first need to copy the correct contract for DAI on the network you intend to add the token. Next, head over to your Metamask wallet and select your network of choice and add DAI to that network using the contract address you copied.
And that’s about it. If you were searching for a tutorial on how to add DAI to your Metamask wallet, we hope you found this guide helpful.