Trading with Elbaite means you and your assets remain safe,
with complete peace of mind whilst you focus on what matters.
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Simply create your Personal, SMSF, Company or Trust account
Deposit AUD into your Elbaite account.
Use your AUD to start investing.
Dai is a decentralised stablecoin that aims to stay as close to one US dollar as possible. Unlike other stablecoins that are backed by a central authority, Dai is issued through smart contracts on the Ethereum blockchain and maintained by the MakerDAO protocol.
This means no single company controls Dai — instead, it’s governed by decentralised community voting. Dai maintains its price through over-collateralisation, where users lock up other crypto assets to generate DAI tokens.
Because of its transparency, decentralised control, and consistent value, Dai is widely used in DeFi, trading, and payments. It's a practical choice for people who want the benefits of a stable digital currency without relying on a centralised issuer.
Dai is used for trading, saving, sending money, and participating in decentralised finance (DeFi) without exposure to price volatility.
Yes. DAI is legal to buy, sell, and hold in Australia. It is regulated as a digital asset and falls under AUSTRAC compliance.
You can buy DAI on Elbaite by creating an account, depositing AUD, and choosing whether to store it in your own wallet or a secure vault.
Dai is decentralised and backed by crypto collateral instead of cash reserves. It is governed by smart contracts and the MakerDAO community.
Dai has a strong track record of maintaining its peg and is backed by over-collateralised assets, making it one of the most trusted decentralised stablecoins.
Yes. Dai is an Ethereum-based token, so you can store it in any wallet that supports ERC-20 tokens, or use Elbaite’s secure Crypto Vault.
Yes. DAI is designed to maintain a 1:1 value with the US dollar using a system of smart contracts and collateralised assets.
Yes. Dai is widely used in DeFi platforms, lending protocols, and for international payments thanks to its stable value.
Yes. DAI is divisible, and you can buy as little or as much as you need based on your budget or use case.
The live AUD price of Dai is displayed on this page and updates automatically through Elbaite’s pricing system.
Since our inception, we have made security our top priority.
Your funds are always available. Every asset you hold on Elbaite is fully backed, with no lending or rehypothecation.
Add an extra layer of protection with multi factor authentication, ensuring your account is secure.
Your assets are stored in verifiable individual wallets, never mixed with others, so you stay in full control of your funds.
Every transaction and account is protected with advanced encryption to keep your data and assets secure.
Get started in minutes, Buy crypto and invest for generations, with Elbaite - Australian crypto exchange.
"Good first experience trading crypto. Found the platform to be straightforward and simple to use! Highly recommend."
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"very helpful customer service centre, easy and simple webpage to use"
"Really impressed with Elbaite. Easy to navigate and trades are quick and secure. Loving it so far"
"Trading with Elbaite has been a great experience. The platform is user-friendly and transactions are processed quickly. I highly recommend Elbaite for anyone interested in a reliable and safe cryptocurrency trading platform."
partners & affiliates:
Our legal & compliance team regularly work with regulators to advise on the cryptocurrency industry, ensuring that Australia has the best policies in place to support investor protection, innovation and industry growth.
We believe in the future of cryptocurrency here in Australia and want to ensure the right policies are in place to support a thriving industry.
Regulated by AUSTRAC
Elbaite Pty Ltd is officially registered with AUSTRAC and operates under strict compliance guidelines.
Elbaite Pty Ltd ACN: 623 185 875
AUSTRAC: DCE 100593224-001
Elbaite Pty Ltd ACN:
623 185 875
Elbaite Pty Ltd is a registered DCE with AUSTRAC:
DCE 100593224-001
We acknowledge the Wurundjeri people of the Kulin Nation, the Traditional Custodians of the land we work on, as well as the Traditional Owners of country throughout Australia. We pay respects to people, communities and elders past, present and emerging.
Elbaite is a member of:
Elbaite Pty Ltd (ACN 623 185 875) operates a digital currency exchange registered with AUSTRAC. Please note that digital asset prices can be volatile. We will never ask for the private keys to your digital currency wallet. Elbaite is not liable for any losses you may incur, and you are solely responsible for your investment decisions. Before deciding if our services are right for you, take into consideration your own financial situation & needs and/or obtain professional financial or taxation advice from a licensed provider. Elbaite does not provide financial advice and Elbaite does not have any affiliation with external traders, advisors or trading platforms.
