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Sell Dai

Rain enables you to sell Dai in exchange for fiat currency. 

Requirements:

  1. A verified Rain account. If you haven't already signed up.
  2. Funds in your Rain DAI account. In order to sell DAI you need a positive balance in your Rain DAI account.

 

Steps (Rain website):

  1. Log in to your Rain account.
  2. Click on Market.
  3. Enter the amount you would like to sell. You can either enter the value in fiat (e.g. USD 100) or DAI ( e.g. 0.5 DAI). 
  4. Select the DAI account to withdraw funds from.
  5. Select fiat account to deposit to. Click preview purchase.
  6. Review the transaction details. Click sell now.
  7. For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone or to your authenticator app. 
  8. Enter the code received. Click submit.
  9. You will receive an email confirming the successful completion of the transaction.

Steps (Rain app):

  1. Open Rain app.
  2. Log in to your Rain account.
  3. Visit the market or portfolio page and select Dai
  4. Tap Trade and select Sell.
  5. Enter the amount you would like to sell. You can either enter the value in fiat (e.g. USD 100) or DAI value ( e.g. 0.5 DAI). Use the arrow on the right side to switch between USD and DAI.
  6. Select fiat account to deposit to. Click preview purchase.
  7. Review the transaction details. Click sell now.
  8. For greater security, Two-Step Authentication is mandatory to complete a transaction. You will receive the code in an SMS text message, sent to your registered phone or to your authenticator app. 
  9. Enter the code received. Click submit.
  10. You will receive an email confirming the successful completion of the transaction.

 

 

 

 

 

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