XDAI-ZAR price

The XDAI is the native token of Gnosis Chain and a stablecoin that is a 1:1 representation of Ethereum's DAI token, whose value is itself pegged to the US dollar through the use of an algorithm.

Right now, 1 XDAI is worth R .

Right now, 1 South African rand is equal to XDAI.

Launched in October 2018 as xDai Chain and rebranded after its merger with Gnosis in 2021, Gnosis Chain is one of the first sidechains of Ethereum to offer significantly faster and cheaper transactions. Its particularity is to have a stablecoin (XDAI) as its native cryptocurrency used to pay for transaction fees, with a separate token (GNO) used for the chain's staking and governance.

A stablecoin is a type of cryptocurrency designed to have the same value as a given fiat currency, like the US dollar. Its purpose is to let users invest in and out of volatile crypto-assets easily while remaining on chain, to facilitate crypto payments, and to denominate the price of other tokens in currencies that people are familiar with.

XDAI is created by locking DAI tokens in a contract on Ethereum, its safety is therefore linked to the safety of DAI. For a more detailed analysis of DAI's safety, read its rating on bluechip.org.

1 XDAI equals 1 DAI, which itself is pegged to the US dollar. The XDAI price is therefore determined by the USD.

You never store XDAI in itself. Instead, you store the private key giving you access and control over a XDAI address. That key is stored in a wallet, which provides an interface to use it. To learn more, read our in-depth guide on storing crypto assets.

To send XDAI, you use a Gnosis Chain wallet like Bridge Wallet where you will choose the amount to send and the destination address. Confirm and send, that's it!

You can buy XDAI with us here from South Africa by sending us bank transfers in ZAR, avoiding that way unnecessary currency exchange fees. For more information, have a look at our step-by-step tutorial on how to buy XDAI.

You can swap XDAI here against one of the cryptocurrencies that we support, using any self-custodial XDAI wallet. For more information, have a look at our step-by-step tutorial on how to swap XDAI.

To cash out XDAI with us, you simply need to transfer your crypto to our address. We'll convert your XDAI in ZAR, then transfer the funds to your bank account in South Africa. For more information, have a look at our step-by-step tutorial on how to sell XDAI.