Credit / Debit Card
Fee
Variable Fees
Processing Time
Usually within 1 minute, up to 48 hours
Minimum Purchase Amount
Starting from approx. 10–15 USD
Supported Regions
Subject to region, fiat currency, issuing bank, and payment channel support
How to Buy Multichain Bridged DAI (Fantom) (DAI) on LBank
Learn how to buy Multichain Bridged DAI (Fantom) (DAI) on LBank, including payment methods such as credit cards, debit cards, Apple Pay, and bank transfers, as well as the purchase process, preparations, and FAQs.
Step 1
Download the LBank App
Please download the LBank App and register to get started
Step 2
Fund your account
Deposit using your preferred payment method.
Step 3
Choose your cryptocurrency
Select the crypto you want to buy from over 3,000,000 cryptocurrencies available on LBank Exchange or Wallet.
Purchase Decision Overview
Bank Transfer / Local Transfer
Fee
Variable Fees
Processing Time
Depends on the payment method; some local channels may be faster
Minimum Purchase Amount
Starting from approx. 1–10 USD
Supported Regions
Subject to local payment channel support
Three Simple Steps to Buy DAI on LBank
How to Buy DAI on LBank: Payment Methods Overview
Explore the available payment methods for buying DAI on LBank, including credit card, debit card, bank transfer, Apple Pay, Google Pay, PayPal, and P2P, to quickly choose the most suitable way to buy DAI.
Credit / Debit Card
Processing Time: Usually within 1 minute; up to 48 hours
Use a Visa/Mastercard that supports international online transactions and ensure 3D Secure is enabled; if it fails, try a different card or try again later
Common Reasons for Failure: The issuing bank declined the cryptocurrency transaction; insufficient balance; 3D Secure verification failed; risk control interception; or region/card network not supported
Bank Transfer / Local Transfer
Processing Time: Instant or 1–3 Business Days
Verify the receiving account, reference code, and transfer network, and use a bank account consistent with your identity verification
Common Reasons for Failure: Incorrect receiving information or reference code; name mismatch; bank processing delay; or unsupported transfer network
What Do You Need to Prepare Before Buying Multichain Bridged DAI (Fantom) (DAI) on LBank?
Check the preparations required before buying Multichain Bridged DAI (Fantom) (DAI) on LBank, including account registration, identity verification (KYC), payment methods, regional availability, and pre-purchase precautions to help you smoothly complete the BTC purchase process.
Suitable for
Users who want to quickly buy DAI with fiat
Before You Buy: Checklist
Register and log in to your account
Complete required KYC
Prepare payment method
Confirm regional availability，Check limits / fees / processing time
User Path
Buy Crypto
How to Buy Multichain Bridged DAI (Fantom) on LBank – Step-by-Step Guide
Before you begin, decide how you’d like to pay:
Pay with fiat
If you're new to crypto, using fiat currency (such as USD, EUR, etc.) is the easiest way to buy Multichain Bridged DAI (Fantom). LBank supports various payment methods, including debit cards, credit cards, bank transfers, and other local payment options where available. You may need to fund your LBank account before making a purchase.
Pay with other cryptocurrencies
If you already hold other cryptocurrencies, you can trade them for Multichain Bridged DAI (Fantom) on LBank. Please make sure that LBank supports the trading pair you need (e.g., Bitcoin (BTC)). LBank offers a wide range of trading pairs, allowing you to conveniently convert your existing crypto into Multichain Bridged DAI (Fantom).
LBank supports multiple payment methods
You can use the following payment methods to purchase Multichain Bridged DAI (Fantom) on LBank:
Mobile app guide
1
Open the LBank mobile app and tap “Buy Crypto”
2
Select “Buy”
3
Choose , enter the fiat currency you want to use, input the amount, then tap “Buy” or “Confirm”
Desktop guide
1
Log in to LBank on your desktop browser and click the “One-Click Buy” option.
2
Under the “One-Click Buy” tab:
(a). Choose the fiat currency you want to use
(b). Select the Multichain Bridged DAI (Fantom) you want to purchase
(c). Enter an amount or use quick-select options (e.g., 100, 200, 500, max)
(d). Choose your payment method
(e). Click “Confirm” or “Buy now”
P2P Trading
Merchant | Price | Amount ｜ Limit | Payment Method | Action |
|---|---|---|---|---|
LO Loyalty_Trader 497 min | 100% | 0.918 USD | 3500.35 USDT 500.000 - 3213.321USD | Bank Transfer | |
AM AMG_Trading 591 min | 100% | 0.927 USD | 4011.53 USDT 187.200 - 3718.688USD | Bank Transfer | |
MY MYR_ DUITNOW _MYR 396 min | 100% | 1.000 USD | 2564.64 USDT 50.000 - 2500.000USD | Bank Transfer |
What is Multichain Bridged DAI (Fantom) (DAI)?
Multichain Bridged DAI (Fantom) is a digital token representing the DAI stablecoin on the Fantom blockchain. It was issued through the Multichain protocol, a cross-chain bridge previously known as Anyswap. The token was designed to enable the transfer of stablecoin liquidity between different blockchain networks, allowing users to interact with decentralized finance applications on the Fantom network. The project operated using a cross-chain router protocol and multi-party computation technology. This allowed for the movement of assets without requiring a central authority to manage every transaction. For a significant period, it served as a primary bridge for users entering the Fantom ecosystem. The project encountered severe difficulties in mid-2023 when the Multichain protocol suffered a major security breach. During this period, the protocol's founder and chief executive disappeared, and reports later indicated they were in the custody of authorities. These events caused the protocol to stop functioning, and the security of the assets held in the bridge's smart contracts was compromised. As a result of the protocol's collapse and the loss of the underlying collateral, the bridged version of DAI on Fantom lost its connection to the value of the original asset. This left holders with a distressed token that could no longer be redeemed through the official bridge. The Fantom Foundation, which later rebranded to Sonic Labs, pursued legal action against the Multichain Foundation in Singapore for breach of contract and fraudulent misrepresentations. Legal proceedings progressed through 2024 and 2025. A default judgment was initially granted in favor of the Fantom Foundation, eventually leading to a court order for the liquidation of the Multichain Foundation. Professional liquidators were appointed to identify and recover remaining assets to distribute to affected users. Today, the token remains a symbol of the risks associated with third-party bridging infrastructure and is primarily relevant to those involved in the ongoing legal and recovery processes. Learn more
Is Multichain Bridged DAI (Fantom) (DAI) a good investment?
Whether Multichain Bridged DAI (Fantom) (DAI) is a good investment depends on your personal financial situation and risk tolerance. Cryptocurrency investments are speculative and can be highly volatile.
Before investing in Multichain Bridged DAI (Fantom) (DAI) or any cryptocurrency, consider the following:
Your financial goals
Are you seeking short-term gains or long-term growth?
Your risk tolerance
How much potential loss are you comfortable with?
Diversification
Don’t put all your eggs in one basket. Spread your investments across different types of assets.
Your goals and time horizon
Cryptocurrencies are best suited for long-term investors. Disclaimer: This is not financial advice. Please do thorough research before making any investment decisions.
Fees, limits, and processing time for buying DAI on LBank
Compare fees, transaction limits, and estimated processing times across different payment methods. Actual fees and availability may vary by region, fiat currency, payment method, and third-party providers. Please refer to the order page for final details.
ROI calculator
If I invest, how much profit will I make?
Invest
$
Enter
DAIDate
2026-06-12
You will earn $-- in profit, with an ROI of --
What can you do with Multichain Bridged DAI (Fantom) (DAI)?
Investment
Buy and hold Multichain Bridged DAI (Fantom) (DAI), expecting its value to increase over time.
Trade
Actively trade Multichain Bridged DAI (Fantom) (DAI) on LBank to profit from price fluctuations.
Pay
Use Multichain Bridged DAI (Fantom) (DAI) to pay for goods and services where accepted.
Why is LBank the best platform to buy Multichain Bridged DAI (Fantom) (DAI)?
User-friendly interface
LBank offers a simple and intuitive platform for buying and selling Multichain Bridged DAI (Fantom) (DAI).
Competitive fees
LBank provides competitive trading fees for Multichain Bridged DAI (Fantom) (DAI).
Secure platform
LBank applies robust security measures to protect your funds.
Diverse trading pairs
LBank offers a wide range of trading pairs for Multichain Bridged DAI (Fantom) (DAI).
24/7 customer support
LBank provides customer support to help you with any questions or issues.
Mobile app
Trade Multichain Bridged DAI (Fantom) (DAI) anytime, anywhere using the LBank mobile app.
High liquidity
LBank offers excellent liquidity for Multichain Bridged DAI (Fantom) (DAI) trading, ensuring you can easily buy and sell your crypto assets.
Regulatory compliance
LBank complies with all regulatory requirements in the jurisdictions where it operates to ensure a compliant and secure trading environment
After buying DAI, what is the best way to store it?
After buying DAI, you can choose a storage method based on your usage frequency, holding period, and security needs. If you need to trade at any time, you can store it in your LBank account. If you prioritize self-custody or long-term security, consider using a personal wallet or a hardware wallet.
Store in your LBank account
Suitable for
Users who want to trade or convert at any time
Short-term BTC holders
Features
Ready to use immediately after purchase; easier to use
Ideal for frequent trading, conversions, or using platform features
Security Alert
Please enable 2FA
Please set an anti-phishing code
Only log in through official channels
Transfer to a personal hot wallet
Suitable for
Users who want to manage their own assets
Users who need daily transfers or on-chain usage
Features
More flexible; convenient for daily transfers and management
Better suited for small holdings and everyday use
Security Alert
Do not store seed phrases or private keys in the cloud
Do not save sensitive information via chat tools, email, or screenshots
Stay alert for phishing websites and fake wallet apps
Transfer to a hardware wallet
Suitable for
Long-term BTC holders
High-value holders who prioritize security
Features
Private keys are stored offline, offering enhanced security
Ideal for long-term storage of infrequently moved assets
Security Alert
Securely back up seed phrases offline
Never disclose your recovery phrase to anyone
Assets may be irrecoverable if the seed phrase is lost
Learn more about Multichain Bridged DAI (Fantom) (DAI)
More
Multichain Bridged DAI (Fantom) (DAI) FAQ
In July 2023, the Multichain protocol suffered a significant security exploit where assets were drained from its bridge wallets. This event coincided with reports that the project's leadership was detained, revealing that the protocol’s private keys were not truly decentralized. Because the underlying collateral backing these tokens was stolen, the DAI tokens on Fantom became unbacked "IOUs." The Multichain project has since collapsed, leaving these bridged assets without the necessary reserves to maintain their value.
This version of DAI lost its value because the actual DAI tokens intended to back it were stolen during the Multichain exploit. Without these reserves, the token is no longer redeemable for the underlying asset. A return to its intended value is considered highly unlikely by the community unless there is a successful legal recovery of assets or a formal bailout. Currently, the market reflects the lack of collateral, and holders should remain cautious about the prospect of recovery.
No, the Multichain bridge is permanently offline. It is currently impossible to use the original bridge to move this specific version of DAI to Ethereum or other blockchains. Users are warned to be extremely vigilant: any website or service claiming to offer a bridge for Multichain DAI is almost certainly a phishing scam designed to steal remaining funds. Always verify official channels and avoid clicking on suspicious links promising restoration of bridge services.
While you can still find liquidity for this asset on certain decentralized exchanges within the Fantom ecosystem, you will only receive the current market value, which is significantly lower than the intended peg. Many investors are faced with the choice of selling for a fraction of the original cost or holding the asset in hopes of future legal distributions. If you choose to trade, ensure you are using reputable platforms and understand that the asset's utility is severely compromised.
The Fantom Foundation has initiated legal proceedings in Singapore to have the Multichain project declared in default. The goal is to potentially liquidate remaining assets to compensate victims. However, this is a complex and lengthy legal process. Even if a liquidation occurs, there is no guarantee that the recovered funds will cover the total losses. Users should monitor official updates regarding these legal actions but manage their expectations regarding the timeline and amount of any potential refund.
The distinction lies in the smart contract address. The compromised Multichain DAI uses a specific contract address ending in 8abf3e. Since the collapse, new and secure bridge solutions have been implemented on the network to provide functional stablecoins. These newer versions use different contract addresses and are backed by different protocols. Always verify the contract address on a block explorer before interacting with any DAI tokens on Fantom to ensure you are not holding or buying the legacy, unbacked version.
