metamask question

[moon sorcerers]

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!

Of course you can sent your DAI from Metamask too, but as ini know, you need to add manual that DAI Smart Contract into your Metamask Wallet, then you can send it.

[tbct_mt2]

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???

It is the point.

DAI is on ERC-20 chain and fees for DAI or any ERC-20 tokens are more expensive than Ethereum itself. With ERC-20 tokens, the smart contracts are more complex than Ethereum and their transaction fees are higher than ETH transactions.

Swap on any exchange or marketplace is always more expensive than you buy directly on the market orders.

You gave a very valuable suggestion for OP to avoid unnecessary costs from swap or token transactions.

[zasad@]

Smart contracts consume more gas, therefore, token transactions are more expensive.
I also don't understand the actions of many users actions of many users. Why use uniswap when trading on a centralized exchange.
Perhaps the user decided to trade on uniswap to receive future distributions of tokens or other boluses for uniswap users.

[tbct_mt2]

Smart contracts consume more gas, therefore, token transactions are more expensive.
I also don't understand the actions of many users actions of many users. Why use uniswap when trading on a centralized exchange.
Perhaps the user decided to trade on uniswap to receive future distributions of tokens or other boluses for uniswap users.

Hope for airdrops, bonuses are one of factors that people accept risks and use new DeFi exchanges. They hope that some day those DeFi tokens will have big values and they might be luckily enough to use those decentralized exchanges too early to receive big amount of tokens from airdrops. Like what happened with Uniswap and UNI token.

The DeFi hype is crazy and it blows my mind when it has been lasting about one year and has not yet been stopped or decreased in their attraction. DeFi projects are created everyday.

DeFi projects now are trying to move from ERC-20 chain to Binance Smart Chain (BSC) or make a bridge between 2 chains. They think it can help their projects look good.

[arjuna BTC]

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!

not only DAI, but you can send any tokens from your metamask wallet to other wallet, but of course if you have the tokens in your wallet  mate 
but you need to have ethereum in your wallet to pay the gas fee

[Lanatsa]

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!

not only DAI, but you can send any tokens from your metamask wallet to other wallet, but of course if you have the tokens in your wallet  mate 
but you need to have ethereum in your wallet to pay the gas fee

It almost 2 weeks now since this thread had been created by OP and it seems he able to find out those ways on his own and never came back to this thread on giving out some updates
which is a bit common on anybody.

When it comes to metamask then its just common sense that you would able to sent out those tokens as long you do have balance of it and when it comes to receiver as long it
does support such coin or blockchain then it wouldn't really be an issue.

The main issue or headache now is the gas fees which is really out of this world for you to handle out.

[kramchers]

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!

Of you can, as long as DAI in kucoin allowed to deposit and withdraw you can easily transfer it.
Your question also was too simple issue only and yet I think your reading all the response of the members
to your discussion here in which you had made.