Networks and wallets for DAI to ALGO
Ethereum mainnet (ERC-20 DAI)
Check that the deposit calls for DAI on Ethereum and that your wallet holds DAI itself. USDS has a separate contract and requires a conversion before it can be sent as DAI.
Algorand mainnet (native ALGO)
Use an Algorand mainnet address for native ALGO. For a new self-custody address, check the minimum amount needed to fund the account before comparing the payout with your quote.
Use the exact DAI network when comparing quotes. The number of ALGO units a given deposit can buy changes with the market, so compare how much ALGO will arrive after fees.
How to convert DAI to ALGO
- Check that a live provider quotes your DAI deposit network and the ALGO payout network you need.
- Compare the amount of ALGO you would receive after fees, then confirm the receiving address and any memo or tag required for your payout.
- If you go ahead, follow the live order’s deposit instructions. Keep the order ID and the DAI transaction reference, then verify the ALGO payout in your receiving wallet.
How to compare DAI to ALGO rates
For a rough pre-fee estimate, multiply the DAI amount by the rate expressed in ALGO per DAI. Then compare the actual ALGO payout for the same DAI amount and network. Check whether the withdrawal fee comes out of what you send or is charged separately.
Orbit uses a $100 minimum. The estimate on this page uses reference market prices before fees. An executable quote, including any additional route limits, comes from a live settlement provider.