metamask question

[cryptonoob25]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

[crwth]

I'm pretty sure as long as the exchange supports the deposit and withdrawals of the coin, it's going to be okay.

Upon searching in Google, I saw this link for the support of DAI.

https://www.kucoin.com/news/en-dent-bloc-dai-deposits-and-withdrawals-now-open

[coinporch]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

if you still have ethereum in your metamask wallet to pay the transactions fee, i think you can send your DAI to any exchange mate
but of course if the exchange support this DAI

[gost111]

Of course , you can, DAI is based on the ETH blockchain, especially since the Kucoin exchange supports this coin ,no problems should arise 

[cryptonoob25]

Thanks guys. I have enough eth to cover the transaction, but I usually test send a small amount before sending the bulk. The gas fees would be ridiculous just to test send. Just wanted to confirm!

[cryptonoob25]

I just sent them over and I can't buy anything with them... I thought I'd be able to convert them to usdt or buy btc with them... This is so dumb. Do I have to send them back and convert them and send them again...?

[gost111]

I just sent them over and I can't buy anything with them... I thought I'd be able to convert them to usdt or buy btc with them... This is so dumb. Do I have to send them back and convert them and send them again...?

Why can't you buy anything ,I see several trading pairs there https://trade.kucoin.com/USDT-DAI https://trade.kucoin.com/BTC-DAI

[cryptonoob25]

I'm an idiot... I figured out the problem. Thanks guys! In the Field for the price I was putting in the dai amount instead of the btc price buy...

[semobo]

I'm an idiot... I figured out the problem. Thanks guys! In the Field for the price I was putting in the dai amount instead of the btc price buy...

When you are making trade order make sure that you are entering the right value on every box because there are lots of people sold or bought for wrong price than actual market price.

[blue Snow]

I'm an idiot... I figured out the problem. Thanks guys! In the Field for the price I was putting in the dai amount instead of the btc price buy...

When you are making trade order make sure that you are entering the right value on every box because there are lots of people sold or bought for wrong price than actual market price.

Just see on ask box, If you put on a bid, it will need more time to exchange it until your price bid buying by another.


On Metamask you can swap DAI to ETH on otherwise. but you will know that needs a higher fee to do that.

[semobo]

I'm an idiot... I figured out the problem. Thanks guys! In the Field for the price I was putting in the dai amount instead of the btc price buy...

When you are making trade order make sure that you are entering the right value on every box because there are lots of people sold or bought for wrong price than actual market price.

Just see on ask box, If you put on a bid, it will need more time to exchange it until your price bid buying by another.


On Metamask you can swap DAI to ETH on otherwise. but you will know that needs a higher fee to do that.

Swap is more expensive than spot trading and its not advisable to do especially when the network is really congested. And to answer OP, he was already deposited to exchange but having difficulties while making the trade orders that is why I said it is important to double check the entered values before executing the trades.

[Saisher]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

It's not a stupid question you can ask anything here as long as you want help, and as long as the token are on the same chain you can send it, Dai is on Ethereum so the address that you are going to use is that of the Ethereum.

[Iyeman]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

You can send your DAI to your kucoin's account by generating the DAI deposit address and then send it. The main concern should be you need ethereum to send your DAI.
The fees are a must to be paid on ethereum network. As long as you have doubled check your DAI deposit address on your kucoin account and everything will be fine

[Review Master]

I just sent them over and I can't buy anything with them... I thought I'd be able to convert them to usdt or buy btc with them... This is so dumb. Do I have to send them back and convert them and send them again...?

Don't need to repeat that again as there are so many pairs for DAI. So, just go to market section , than search "DAI" and you'll get the pairs of DAI where you can do trades to convert DAI into other crypto asset like bitcoin, ethereum, usdt or Maker (As these 4 pairs are available on kucoin). If you send back to metamask wallet, than you might need to spend high gas fees which won't be good choice for portfolio.

[ichsan ardi]

Of course you can send your DAI from metamask because it is based on ERC20, provide gas for your transaction fees goodluck

[zasad@]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

You do everything right, only I do not understand the logic of your actions.
Each exchange supports Ethereum trading. I think it will be difficult to find an exchange where there is no Ethereum
An Ethereum transaction from one address to another costs $ 10.
The token transaction costs $ 40.
You could send Ethereum to the kucoin exchange and pay $ 10 in commission, and then buy DAI.
Instead, you do a swap ($ 40), a trial transaction of a small amount ($ 40), the main transaction($ 40). What for???

[livingfree]

Thanks guys. I have enough eth to cover the transaction, but I usually test send a small amount before sending the bulk. The gas fees would be ridiculous just to test send. Just wanted to confirm!

You're doing fine.

That's what I do too when I'm in doubt and checking if the transaction has gone through. That's most likely to be the best way to know if you're doing fine and I guess the balance has already appeared in your kucoin account.

How much the fee you covered for the transaction?

[BitKongy]

Yes you can send DAI stable coin to kucoin exchange as far as the exchange supports the stablecoin, mind you just because DAI is running on erc20 smart contract doesn't mean you should deposit the stablecoin to ETH address on kucoin, make sure you copied the DAI stable coin address on kucoin for depositing not the ETH address

[Myleschetty]

I transferred eth to metamask then converted it to dai. Now I need to send the dai to kucoin. Dai is listed on kucoin, but I'm wondering if I'm allowed to send dai or I can only send and receive eth? It's a stupid question but I don't want to lose the dai if that's the case. Thanks!

You wondering you may lose the token since it wasn't Ethereum that you want to send. I believe the problem was you not knowing that DAI was a token issued on the Ethereum blockchain which some people called ERC20 token and there's no problem in you send the DAI to the exact ERC20 deposit address giving to you by Kucoin exchange.

[cryptonoob25]

I just sent them over and I can't buy anything with them... I thought I'd be able to convert them to usdt or buy btc with them... This is so dumb. Do I have to send them back and convert them and send them again...?

Don't need to repeat that again as there are so many pairs for DAI. So, just go to market section , than search "DAI" and you'll get the pairs of DAI where you can do trades to convert DAI into other crypto asset like bitcoin, ethereum, usdt or Maker (As these 4 pairs are available on kucoin). If you send back to metamask wallet, than you might need to spend high gas fees which won't be good choice for portfolio.

This was my biggest problem, I never used metamask before. Wish someone told me that I can just send dai directly... You live and you learn. Thanks!