xDAI is a cryptocurrency on the Gnosis Chain. It’s a stablecoin pegged to the US dollar: 1 xDAI has always been worth roughly $1. xDAI is unique among stablecoins in that it is the native currency of its chain. In other words, it can be used for transaction fees. Because of this, no other exposure to cryptocurrency is needed to use Mouth.is.
To obtain xDAI, first install a Web3 wallet such as Metamask.
The easiest way and usually the cheapest way to buy xDAI is through Mt. Pelerin, a Swiss crypto gateway. Mt. Pelerin does not serve US persons.
Transactions without identification are subject to a 7-day holding period. Users who submit their documents receive xDAI immediately when the fiat transaction completes.
Ramp also supports buying xDAI directly, and does serve US persons. Sending a photo of your ID is required.
Obtaining xDAI can also be done by bridging DAI from another chain to the Gnosis Chain. This requires holding some of the native token of the source chain, such as Ethereum on the Ethereum network or POL on the Polygon network.
This process is a bit more involved. An example:
If you already hold a cryptocurrency in the Ethereum ecosystem, you can often skip the first step and use Bungee Exchange or Jumper Exchange directly.