Buy Dai with CAD

with CAD
No hidden fees. Buy at true cost
No registration. Simplified process
Fast verification. AI-based algorithm
Protected transactions
More about protection
Secured cardholder data
About PCI DSS Certificate

Fair pricing

You always get the amount stated in the You Receive field. No hidden fees or extra charges.

High limits

Up to 5,000 EUR per transaction
or 15,000 EUR per month

How to buy Dai

How to buy DAI coin for CAD with Utorg?

It is not rocket science to buy DAI coin for CAD with Utorg. The only thing you must go through is to follow this simple and straightforward guideline. The guideline consists of two steps only:

First step — set up your purchasing order. Just choose the most preferred fiat currency and cryptocurrency (in this case, it should be DAI on the preferable blockchain), enter your crypto wallet address, and indicate the number of DIA tokens you are going to buy.

The second step — pay for the DAI crypto coins. At Utorg, you have plenty of ways to do this. Whether you prefer a credit card, a debit card, Apple Pay, or Google Pay, the choice is up to you.

Choose a wallet

Now you have a wide choice of hardware (cold) and software (hot) wallets to start your journey with. 

We are not very partisan to cold wallets, they are cumbersome and expensive, but if you want an opinion, Ledger and Trezor are good, trustworthy products with positive reviews.

For mobile, we suggest Trust Wallet, Exodus or Plark. They are easy to install, fast and literally require no configuration or user training.

Create a new DAI wallet

After deciding what crypto wallet you are going to use, it is necessary to create a new crypto wallet that supports the DAI coin. The process of creating a new crypto wallet is as follows:

  1. Download the app (crypto wallet) of your choice.
  2. Launch the crypto wallet on your smartphone.
  3. Follow the instructions.

Three easy steps, and you will create your DAI wallet that can be used to store, buy, send, and receive DAI tokens.

Estimated time for receiving DAI coins

It is not surprising that after buying the DAI tokens with the help of Utorg, you will need to wait some time before these tokens will be delivered to your crypto wallet. At Utorg, we send the crypto to the buyer instantly. However, it would help if you remembered that the blockchain might cause a delay. It can be a delay of 5 minutes or 20 minutes. 

If you have yet to receive the DAI stablecoins after the time mentioned earlier, get in touch with our support team, which will be glad to help you solve the problem.

The ways on how Utorg protects its users

To make your experience safe and secure, Utorg uses the latest and new-age technologies to protect its users from fraud and prevent money laundering and terrorism financing. 

First of all, the mandatory identity verification procedure ensures that the registered users are real persons with verified identities. 

Secondly, the 3D Secure check makes sure that only the users are responsible for the confirmation of the transaction and no one else.

And finally, Utorg is a licensed and fully compliant fintech company that obtains a difficult-to-obtain PCI DSS Level 2 certification. That is why the company is regularly audited to be sure everything is okay.

Tips to store your DAI coin safe

Independently from the implemented protective measures, fraudsters can be extremely tricky to find shortcuts on how to get access to your DAI crypto tokens and have complete control over it. To prevent this, it is advisable to follow the following recommendations that reduce the chances of being scammed.

  • Make sure you have turned on two-factor authentication;
  • Change your password regularly (at least one time per week);
  • Do not provide access to your crypto wallet to anyone;
  • Do not use an insecure internet connection.

With the help of these highly-effective methods, you can significantly reduce the chances of being trapped by the scammer or fraudster and keep your DAI tokens safe and secure.

Step-by-Step guide


Be prepared

Preparation is always important. Before buying your first DAI stablecoin in Canada with Utorg, it is crucial to make sure that you have prepared for the purchase. This checklist should help you to some extent.

  • A crypto wallet that supports the stablecoin DAI;
  • Your actual email address;
  • A credit card or debit card with sufficient funds;
  • A valid passport or driving license;
  • A web camera or a selfie camera.

That is all that you need to make your first purchase of the DAI coin.


Fill in the form of your order

On the homepage of our website, you will see a purchasing form needed to be filled in to buy your DAI coin. The essential actions required: to establish the currency pair (from one side, you need to choose a fiat currency, from another side, it is necessary to choose DAI and pick the needed blockchain - whether it is Ethereum, Avalanche, Binance Smart Chain, or Polygon), to enter the number of DAI tokens for purchasing, and enter your actual DAI crypto wallet. 

When all this information is filled in, you must click on «Buy DAI» and initiate the purchasing process.


Verify your email address

After initiating the process of buying DAI, the system will request you to enter your email address and verify it. To verify the address, you will receive an email with the confirmation code that should be entered in the required field.


Buy DAI coin

To buy DAI coin, it is necessary to pay for it. At Utorg, you can choose one out of plenty of options on how to do this. If you prefer to pay with your credit/debit card, Apple Pay, or Google Play, we have all these options.

Independently from the chosen payment method, you must confirm the transaction. The confirmation process can be done with the help of your online banking application.


Complete KYC check

It is the obligation of every new user to complete identity verification, which is commonly known as KYC (Know Your Customer). You can skip this step and read on if you have done it before. But if you are a new one, you will be asked to upload a valid copy of one of your valid identity documents (a passport or a driving license) to prove to the system that it is you and no one else. After that, you need to pass the liveness check, which requires you to sit in front of your web camera or selfie camera and rotate your head in the required directions. 

With a few minutes of your time, the process will be over, so you can enjoy buying DAI tokens seamlessly and in a matter of a twinkling eye.


Check your crypto wallet

After doing all these steps, it is the perfect time to check out your DAI crypto wallet. Take your phone, launch the wallet, and check the balance on it. Your DAI tokens should be there (if everything goes smoothly and well). In case of any problem, the best way is to contact customer service and figure out the root of the problem.

Frequently asked questions

What is DAI coin?

Before you buy your first DAI coin, it is better to find the answer to the question first - what is DAI coin? To put it simply, DAI is a regulated stablecoin that is pegged to the US dollar, meaning it has a value of 1:1 with the fiat currency. It is operating on the Ethereum blockchain (ERC-20)

Can I buy DAI coin with a credit card or a debit card?

Definitely, you can easily buy DAI coin with the most convenient payment method, whether it is a credit card or a debit card. Moreover, we provide our users with over ten payment options, including Apple Pay and Google Pay.

What is the DAI coin exchange rate?

By the moment of answering this question (November 2022), the DAI coin exchange rate was equal to $0.99985 per DAI.

Is it safe to buy DAI coin with Utorg?

Absolutely! Utorg is one of the safest places where you can buy DAI tokens. Implementing the latest security measures, Utorg protects its users from fraud and cracks down on illicit activity. The mandatory identity verification + 3D Security Check = the unbreachable fortress for fraudsters.

What should I do if my payment was rejected by Royal Bank of Canada?

Sometimes, it can happen for some unknown reason, when your Royal Bank of Canada may reject your payment. To figure out the primary reason for the rejection, it is worth considering the following pieces of advice:

  • Try to make the payment one more time;
  • Check the expiration date of your bank card;
  • Check the balance on your bank account;
  • Contact your bank.

These recommendations may help you solve the problem and complete the payment of DAI tokens.

Why should I complete KYC?

The essential idea of KYC (Know Your Customer) is to reduce risks, prevent money laundering, and combat terrorism financing. That is why all licensed companies that deal with fiat money should follow the rules and obligate their users to go through KYC.

How much crypto at a time?

We use limits to prevent money laundering and financing of terrorism. Full information is available here. Here is the summary:

  • Within any given 24 hours you can make 12 transactions paid with the same credit or debit card, or alternative payment method;
  • For a single transaction your limit is 7,999 euros or equivalent in the deal amount;

For the monthly allowance (meaning any given 30 days, again, not a calendar month), check your verification level specified in your profile. To buy more, move to another level by providing more information about yourself.

Live chat support
Our support team is ready to help you
via email at every step of the way
Live chat support
Our support team is ready to help you
via email at every step of the way