Bitcoin Forum

someone know the best website to convert usd tether to makerdao dai or sai stablecoins? with low or lowest fee to pay for convert usdt tether to dai , and that not need kyc verification

have you tried https://kyberswap.com/? you can trade your tether there and it is not required to do kyc.
or you can use this https://dex.ag/.

has kyberswap cheap and low fees ?

seems a scam kyberswap and dex , with kyberswap is necessary to connect my coinbase wallet or others my wallets

it is a dex, you need to connect the wallet in order to process the transaction. unless you are using a cex, but these days there is no exchange that allows you to make a transaction or withdraw your money without conducting the kyc.
you know dex, right?

dex ? no never used

Seems like Hitbtc have the trading pair you are looking for but I won't really suggest that exchange because it has lot of unresolved scam accusation.Better convert using other trading pair then goes into coinbase which is more trusted compared to others.

Dex = Decentralized Exchange.

Went you can control all of your assets from the fund and transaction since it's a decentralized exchange you can do a transaction without doing a verification (KYC). Also you can control the transaction fee by your self, being a taker will always get fee i suggest you to be a maker instance a taker.

One of example decentralized exchange: IDAX or Bancor Network.

It can be an alternative, you should try it. Since you control all of your funds by connecting the wallet just make sure you know what are you doing.

What's this? it's a new coin to me. The CMC doesn't tell much about it.

https://coinmarketcap.com/currencies/sai/ or it's this https://coinmarketcap.com/currencies/single-collateral-dai/ probably it's this second link?

USDT is already a stable coin, why you have to convert it to another stable coin? it turns out that gate.io and codex have the pair you're looking for.

https://coinmarketcap.com/currencies/single-collateral-dai/markets/

sai coins are dai coins with a changed name

I found one but they don't have USD TETHER, but I think they will list it soon there.

I saw this on the website of maker dao.
They suggested to use https://uniswap.exchange/swap
Current available stable coins on that are USDC, sUSD, TUSD, I don't know if still have some other stable coins.
And also try to look at this: https://app.radarrelay.com/

Just because it has got unsolved scam issues it can't be mentioned as a reason for avoid using it for the trading needs. I've been using Hitbtc for a long, and now using through the beta version of their application. I haven't encountered any problem using them. Also it has got large number of trading pairs. Sometimes the trade takes time for execution which is purely based on the liquidity. If you can do KYC then it can be used.

Im using kucoin right now the fees looks so cheap.
You can get maker easily from there and that exchange site never has any problems with the users and all of the systems is perfect. If you are still feeling doubt with some dexs that already suggested by a few members and kucoin is the right answer for you.



SAI is a single collateral DAI coin

DAI is a multi collateral DAI coin

Both are different.

Binance is one of the better exchanges out there that still don't require KYC.

If you are looking for an instant exchanger however there's really a severe lack of good services available right now in this climate where regulators are cracking down heavily. You could potentially look at both Changelly and Changenow as options, but honestly, they're quite shady in their own rights.

But if you are going with small amounts, it shouldn't be that much of an issue anyhow.

do you really know what he wants? binance does not provide dai and sai markets

for dai maybe you can exchange it there (kucoin) the exchange is still reliable and I have never experienced a problem, but for sai I see the list of exchanges at coinmarketcap never use this exchanges, so sorry can't suggest anything

Yes, they are different as I've looked into CMC. I don't know the history of it but there's this message that appears on SAI and DAi on CMC. And I've found this blog: Single-Collateral Dai to Multi-Collateral Dai Upgrade Timeline and Actions (https://blog.makerdao.com/single-collateral-dai-to-multi-collateral-dai-upgrade-timeline-and-actions/)

Anyway, I still have one question for op that he didn't answered which is both are stable coins. What does DAI/SAI offers if USDT is already a stable coin?

sorry for the late answer, dex is an exchange that allows you to trade your assets without doing the kyc. it works the same as a market where the seller and the buyer meet directly, that is why they are required you to connect your wallet because your wallet will be used as a base for your transaction. or you can try to read this article https://coincenter.org/entry/what-is-a-decentralized-exchange to know about it in detail.


both of them are the same, they are part of maker dao.

dai and sai are decentralized stablecoins , usdt tether instead is also a stablecoin as dai or sai coins but is centralized

this two exchanger has high fees , i have requested a website with low or lowest fees

if you have much, you shouldn't only consider lowest fee, but also consider liquidity
it is very needed to avoid low rate selling. in liquidity, choose CEX which have high volume is the good one
but, almost of CEX needs KYC verivication.

but there is no cex(centralized exchange such as binance, bittrext, coinbase) that will allow you to do the trade without doing the kyc. if you think the fees on those exchanges are high, then you should pick a cex that has a lower fee but you need to do the kyc.
there are only two options,
1. pick the dex but has a higher fee
2. pick the cex but needs to do the kyc

Should read about it if you like stablecoins and you like ETH and you like alts. It's getting extremely popular now because of the way people can stake against it. They also have good DAO concepts which USDT doesn't have by the way. A lot of corporations are already backing it, I have no clue about whether or not they can do it properly but from what it looks like it'll be very popular by next year.

I like ETH but I'm not into stable coins but I see that there's too much attention that's going in for these kind of altcoins. I'm starting to learn more about them because I'm just looking to the most popular stable coins.



These make sense, thanks for those brief explanations between dai and sai and why you won't stay on USDT instead.

you mean like an exchange? you wont find one for USD that dosent have KYC dude, thats money laundering in any first world country lol
thats kinda why KYC is so big now :P  if you find an exchange that only does cryptos, then they generally dont need KYC
if you just mean a site for tracking, try livecoinwatch :) 

You quote him right.

He said, he wants to convert the usd to other stable coins so he asking a good exchange to be used for converting the token.

DEX can be an alternative to avoid KYC exchange, or you can use OTC Trading with someone who has the token.

Just used escrow from the third service like Bitrated or Trusted People who have a good track record.