The Top 8 Best Dai Stablecoin v1.0 Wallets That You Should Use For Storing DAI
What is Dai Stablecoin (DAI)?
The Dai is based upon the Ethereum blockchain and works on the Proof of Stake approach. The DAI coin being an ERC20 token is supported by all wallets supporting Ethereum by design.
Dai uses Ethereum’s smart contracts to provide live, peer-to-peer, decentralised, secure, and robust betting platforms for users
Best wallets for Dai
| Wallet | Wallet Type | Security |
Supported ERC20 tokens |
Supported Multiple Coins |
Price | Overall rating | website |
|---|---|---|---|---|---|---|---|
 |
Hardware | Great |  |
|
$65 |  |
Visit website |
 |
Hardware | Great | |
|
$97 |  |
Visit website |
 |
Hardware | Great | |
|
$129 |  |
Visit website |
 |
Online | Good | |
Free |  |
Visit website | |
|
|
browser extension | Good | |
Free | |
Visit website | |
|
|
Software | Good | |
|
Free |  |
Visit website |
 |
Software | Good | |
|
Free | |
Visit website |
|
|
Software | Good | |
Free | |
Visit website |
What to look for in an Dai wallet
There are several key features that make up a good Dai wallet, so keep an eye out for the following features when comparing your options:
- DAI compatibility DAI is an ERC20 token on the Ethereum blockchain, so you’ll need to look for a wallet that’s compatible with these tokens, all of the wallets listed above support storing Ether (ETH) as well as any ERC20 token,and DAI is supported.
- Control private keys A wallet where you own and control your keys.This is essentially the keys to accessing your Dai token, and security here is non-negotiable.
- Developer community Active development community for maintenance. Look for an active development community that has a promising future.
- Backup & security features Seed backup keys and pin codes.
- Good reviews Seek out independent online reviews of any wallet you’re considering to learn about its pros and cons. Would other users recommend this wallet to anyone looking to store DAI?
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