A complete guide to buying, selling, and trading Digibyte
Digibyte is a UTXO Based Multi-algorithm token with a total supply of 21,000,000,000 DGB, you can find more information about the Digibyte project at the official website at https://www.digibyte.io
If you want to buy DGB tokens, the native currency of the Digibyte platform, this guide is designed for you.
This guide will take you step-by-step through everything you need to know to buy DGB with fiat or cryptocurrency as well as some links to some about other resources with details on the best DGB wallets, and how to get started mining Digibyte.
To quickly get to different sections in this guide you can use the following links:
Our complete step-by-step guide will take you through the following five steps. 5 steps to buying Digibyte (DGB)
- Register an account with CoinSpot
- Verify your account
- Deposit funds
- Select Digibyte
- Buy DGB
Where to buy DGB in Australia
There are actually quite a number of crypto exchanges operating in Australia, these include:- CoinSpot
- Independent Reserve
- Local Bitcoins
- CoinJar
- MyCryptoWallet
A step by step guide to buying Digibyte
There are two main ways to buy DGB token on CoinSpot- Buy DGB with fiat .e.g AUD
- Buy DGB tokens with another cryptocurrency like Bitcoin
how to buy DGB with AUD
You can quickly and easily by DGB tokens with Australian dollars by following these steps:Step 1: Register an account with CoinSpot
CoinSpot is one of the best Australian cryptocurrency exchanges where you can buy DGB with AUD. You can register an account with CoinSpot by clicking the link below.All you need in order to sign up is a valid email address.
When prompted, enter our referral code GOGBPE to get yourself $10 worth of Bitcoin when you make your first deposit.
Step 2: Verify your CoinSpot account
In order to complete your registration and start trading you will need to verify your account. To complete verification you may need to provide CoinSpot with the following:- Your name
- Email address and mobile phone number
- Proof of residency
- Proof of ID
- A photo of yourself holding a signed statement
- Answer a couple of questions over the phone
Step 3: Deposit funds
From the CoinSpot website click the "Deposit AUD" link then click "select another deposit method" to select your preferred deposit method.You can then follow the prompts to make a deposit from your bank account using POLi, BPAY, or PayID. Alternatively you may deposit cash at a participating newsagent using blueshyft.
Coinspot support the following methods to deposit AUD:
- POLi
- BPAY
- PayID
- Cash deposit
Step 4: Select Digibyte
Once you have made an AUD deposit on coinspot you can then start buying coins. Click the "buy/sell" option at the top of the screen. Find Digibyte in the list of cryptocurrencies then click on "Buy DGB".Step 5: Buy DGB
Once you have selected your coin from the "buy/sell" menu all you have to do now is enter the amount you'd like to buy in either DGB or AUD. Be sure to review the full details of your order before you confirm the transaction.Once you've bought your coins you can view them in your account by clicking "Wallets" from the menu at the top. For extra security you may want to transfer your DGB tokens to an external wallet, you can search our site for the best DGB wallets.
How to buy DGB with Cryptocurrency
To exchange another cryptocurrency for DGB you may be able to do this with CoinSpot using the coin swap feature.Step 1: Transfer your coins
If you are storing your crypto in an external wallet, to use coin swap you'll first need to transfer the amount you like to swap to your CoinSpot wallet.Step 2: Swap your cryptocurrency for DGB
Once your coins are in your CoinSpot wallet, click "wallets" from the top menu and then click on the coin you want to swap.Click the sell button for the coin you'd like to swap, then choose the amount and select DGB from the coin swap list. Review the transaction details before you confirm.
How to sell Digibyte
If you want to sell ticker tokens you can do so very easily. First you'll need to transfer your coins to your CoinSpot wallet if you are using your own wallet to store your coins.If your coins are stored on CoinSpot however you can sell your coins in a couple of clicks. Simply click on wallets from the top menu, select DGB, then click "sell DGB" you can then enter how much you want to sell and confirm the transaction.
What wallets can I use to store Digibyte?
You can search our site to find wallets that you might be able to use for Digibyte here: Digibyte WalletsWhat is Digibyte
Digibyte is a decentralized payment network and cryptocurrency built with a focus towards cyber security and has the longest running Blockchain in the world.Digibyte is perfectly positioned to build the most secure and decentralised blockchain with over 4 years of development experience problem solving and developing unique innovations.
The Digibyte blockchain provides industry leading transaction speeds, and uses 5 different mining algorithms to secure digibyte from various attacks such as 51% attacks.
After Digibyte launched in 2014 Jared Tate, the developer of digibyte, dedicated himself to working full-time on the project.
With a block time of 15 seconds per block, this places Digibyte at 40 times faster than Bitcoin, and that speed is set to increase further over the coming years.
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