How To Add DAI Stablecoin (DAI) To Metamask

DAI is a decentralized stablecoin pegged 1:1 to the US Dollar (USD), ranking as the fourth-largest stablecoin by market capitalization. Developed by MakerDAO on the Ethereum blockchain, DAI is also available on multiple EVM-compatible networks like Polygon, Binance Smart Chain (BSC), Fantom, and Avalanche.

Metamask, the leading non-custodial crypto wallet, supports DAI across these networks. This guide covers step-by-step methods to add DAI to Metamask on Ethereum and alternative blockchains.

Quick Guide: Adding DAI to Metamask

1. Open Metamask (extension/app) and unlock your wallet.
2. Select Ethereum Mainnet (or another compatible network).
3. Click [Import tokens] at the bottom.
4. Search for DAI or paste its contract address.
5. Confirm and click [Import token].

Detailed Step-by-Step Instructions

Adding DAI on Ethereum (ERC-20)

1. Unlock Metamask: Enter your password/biometrics.
2. Select Ethereum Mainnet: Ensure it’s the active network.

3. Import DAI:

   • Click [Import tokens] → Search "DAI".
   • Select Dai Stablecoin (DAI) from the list.
4. Confirm and view your DAI balance under "Assets".

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Adding DAI on Other Networks

1. Polygon (MATIC) Network

• Contract Address: Copy from CoinMarketCap.

• Steps:

  1. Switch to Polygon Mainnet in Metamask.
  2. Paste DAI’s contract address in "Import tokens".
  3. Click [Add Custom Token].

2. Binance Smart Chain (BEP-20)

• Contract Address: Locate via CoinMarketCap.

• Steps:

  1. Select BSC Mainnet.
  2. Import token using DAI’s BSC contract address.

3. Fantom & Avalanche

• Follow similar steps, ensuring the correct network is selected before importing DAI’s contract address.

FAQ Section

Q: Can I buy DAI directly on Metamask?

A: No. Purchase DAI on exchanges like Binance or OKX, then transfer it to your Metamask wallet.

Q: Why isn’t DAI appearing after import?

A: Double-check the contract address and ensure the correct network is selected.

Q: Which network has the lowest fees for DAI transfers?

A: Polygon or BSC typically offer lower gas fees than Ethereum.

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Final Tips

• Always verify contract addresses from trusted sources like CoinMarketCap or Etherscan.
• Use Ethereum for DeFi but consider cheaper networks (e.g., Polygon) for frequent transactions.
• Keep a small amount of native tokens (e.g., MATIC, BNB) for gas fees.

With these steps, you’ve mastered adding DAI to Metamask across multiple blockchains!