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First, you have to complete Advanced Verification on the Nexo platform which only takes a couple of minutes. Once you pass verification, then:
Your DAI assets are kept in BitGo bank-grade cold storage and carry $375M in insurance protections. Our partners’ hardware and software guarantees allow for instant access to your funds and full independence from third-party providers.
One of the key advantages of DAI is that it wasn’t created by any single person or a group of co-founders. Instead, the development of the software that powers DAI is managed by a decentralized autonomous organization, called MakerDAO – which provides an incredible level of transparency.
If you want to exchange your DAI, you can swap instantly via the Nexo Exchange. Click here to find all the market pairs we currently support.
There are zero price fluctuations when you place an order, compared to other providers where the price might change by up to 5%. Your balances are updated immediately the moment your order is confirmed.
Here’s everything you can do with your Nexo account: