Can DAI be exchanged for cash currency? How to withdraw cash in the country?
Jul 16, 2025 am 06:33 AMCan DAI be exchanged for cash currency? How can DAI withdraw cash in the country?
DAI is a decentralized stablecoin generated by collateral assets, anchored at 1:1 USD and is widely used in the DeFi ecosystem. Although DAI itself is not a legal currency, users can completely convert it into RMB and other cash coins through legal means. When operating withdrawal or cashing in the country, it usually requires relying on third-party platforms, over-the-counter transactions or indirect redemption processes.
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Binance
Direct to the official website:
Android installation package download:
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Ouyi OKX ?
Direct to the official website:
Android installation package download:
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Huobi Huobi?
Direct to the official website:
Android installation package download:
1. Can DAI be monetized?
- DAI is widely circulated on many exchanges and can be exchanged with mainstream currencies such as USDT, BTC, and ETH.
- Redeem DAI to USDT or USDC and then monetize it in off-site channels is the current mainstream method.
- Although DAI does not directly support RMB withdrawal, the currency exchange transaction combination can still be cashed out.
2. Common paths for monetizing DAI in China
- Register a trading platform account: Choose a trading platform that supports DAI, such as Binance, OKX, and Huobi , and complete real-name authentication.
- Recharge DAI to the platform: Recharge DAI from the wallet or other platforms to the account.
- Coin transactions are exchanged to USDT: DAI is exchanged to USDT in trading pairs, with fast operation and low handling fees.
- Enter the fiat currency trading area: match C2C advertisements through USDT, and choose Alipay, WeChat, etc. to sell.
- Complete withdrawal: After confirming that the other party has transferred the money, the withdrawal will be completed.
3. Precautions and safety tips
- Be sure to conduct currency trading and C2C trading on a regular trading platform.
- Choose a reputable, KYC certified buyer for OTC transactions.
- If you encounter high premium or abnormal orders, it is recommended to make careful judgments to avoid being deceived.
- Do not disclose the private key of the wallet to ensure the security of the assets on the chain.
Summary: Although DAI cannot withdraw directly into RMB, converting it into USDT through mainstream platforms and then withdrawing it through fiat currency trading area is still an efficient and safe monetization path. Mastering this process will help users flexibly manage digital assets and realize the legal circulation and use of stablecoins.
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