DAI stablecoin

How to buy Dai (DAI)?

01/03/2022


To trade DAI with Firi, you must first complete 3 easy steps.

MakerDAO is the name of the company that created the cryptocurrency Dai. When one speaks of Dai as a cryptocurrency, it is referred to as Dai or DAI.

1. Create a Firi account

Before you can buy DAI, you need to create a Firi account with your email or Vipps. You can create a user and receive a welcome bonus here.



2. Verify your account.

To be able to shop on Firi, you need to verify your account. You do this easily by connecting to your BankID and completing a simple customer control form.



3. Make a deposit

To be able to buy DAI via Firi, you must make a deposit in NOK. After you have made a deposit, you can easily use NOK to buy DAI via Firi.

How to make a deposit on Firi?

On Firi, there are 2 alternative ways to make a deposit. You can either make a deposit by connecting your Firi account to your online bank, or by transferring money manually to an account number.

Whether you want to make a deposit manually or automatically, you must first navigate to the deposit page.

In the Firi app, you can find the deposit page under the Overview tab, and by pressing Deposit money. If you use Firi via a web browser, this can be found on the Main Account tab where it says Deposit.


Option 1: Make a deposit automatically without going through your online bank.

  1. Tap Deposit money.
  2. Enter the bank you want to pay from in the search field.
  3. Give access to the account you want to pay from with BankID.
  4. Enter the amount and sign the payment with BankID.

Option 2: Make a manual transfer via your online bank.

  1. Tap Deposit money.
  2. Touch the Manual transfer option.
  3. Use the designated account number and messages to make a manual deposit.
  4. Go to your online bank and transfer the amount you want to deposit with Firi.

Processing of deposits can usually take up to 1 business day.

How to buy DAI with Firi?

On Firi, you have two options for buying DAI after you have made a deposit. You can either buy DAI automatically via Trade, or you can buy DAI manually through an order book via Advanced Trade. Advanced trading is only available via browser.


Kjøp DAI automatisk via Trade

How to make a purchase via "Trade":

  1. Log in to Firi and tap the Trade section.
  2. Select the tab that says "Buy" or "Buy crypto"
  3. Select DAI as the cryptocurrency in the bottom field.
  4. Enter the amount in NOK for which you want to buy DAI.
  5. Touch Preview Purchase.

Buy Ethereum through Advanced Trading

How to make a purchase with Advanced Trading:

  1. Log into Firi and click on “Advanced Trading” on the left side of the Firi dashboard.
  2. Make sure the market you choose in the top left corner is DAINOK.
  3. Find the box that says Buy DAI.
  4. Enter the amount of Ethereum you want to buy in the “Amount”-field.
  5. Enter the amount you want to pay per Ethereum in the “Price”-field.
  6. Click on “BUY DAI”.
  7. When the market price matches the order you have placed, the purchase is automatically executed.

If you have followed these steps, you are now the proud owner of Ethereum. You can see your balance in the Ethereum Wallet and other relevant information by clicking on “Main Account” on the Firi dashboard.