How to Buy DigiByte (DGB)
Learn all about Buy DigiByte
DigiByte (DGB) is a token issued on the binance. Through the collective efforts of the DigiByte development team and community members, the number of applications supporting DGB has been gradually increasing, demonstrating significant potential within the crypto industry. More and more people are becoming interested in DigiByte. They wish to invest or purchase DigiByte (DGB), but may not know how to get started. Here, we will guide you through all the information you need to know about purchasing DigiByte. Regardless of your location, Bitrue can provide you with a simple and secure way to buy DGB.
Where and how to buy DigiByte
DigiByte (DGB) is currently not available for fiat and spot trading on Bitrue exchange. However, you can purchase DGB on decentralized exchanges (DEX). Simply connect your crypto wallet to a DEX, choose the DGB trading pair, and complete the ordering process. Here is a step-by-step guide on purchasing DGB:
Steps to Buy DigiByte (DGB)
01Step 1 Create a Wallet
Choose from various cryptocurrency wallets, including digital wallets and hardware wallets. Typically, creating a cryptocurrency wallet is as simple as installing an application on your phone or computer. When you install the application, your cryptocurrency wallet is automatically created following the installation steps. Remember to note down your mnemonic phrase or private key during wallet creation, as the loss of this information will result in permanent loss of the digital assets stored in the wallet. Once your wallet is created, you can immediately transfer cryptocurrency to it, securely store it, and use it as you wish.
02Step 2 Wallet Setup
Configure your wallet with a blockchain network protocol compatible with DigiByte (DGB), ensuring that your cryptocurrency wallet can receive DGB.
03Step 3 Choose a DEX
Select a decentralized exchange (DEX) that supports DigiByte (DGB) trading. Popular DEX platforms include Uniswap, SushiSwap, PancakeSwap, etc., depending on the blockchain network hosting DGB.
04Step 4 Connect Wallet
Connect your cryptocurrency wallet to the chosen DEX. This connection allows you to trade directly from your wallet without the need for a central intermediary.
05Step 5 Choose DGB Trading Pair
Locate the DGB trading pair on the DEX platform (DEXs typically list tokens in pairs, such as DGB/ETH, DGB/USDT, etc.). Ensure your wallet has enough cryptocurrency to pay for the desired amount of DGB you want to purchase.
06Step 6 Confirm Order
Decide on the type of trade you want to execute. DEX platforms offer options similar to centralized exchanges, such as market orders and limit orders. Confirm and execute your trade.
07Step 7 Verify Transaction
Transactions on DEXs are recorded on the blockchain. Verify the completion of your trade on the blockchain explorer using your wallet address.
08Step 8 Store Securely
- After the transaction is completed, DGB will be automatically stored in your blockchain network wallet address. You may also consider transferring your DGB to a hardware wallet to enhance security, especially if you plan to hold it for the long term. This significantly reduces the risk associated with keeping digital assets in an online wallet.
- Decentralized exchanges offer greater privacy, transparency, and control over your assets. However, they may have lower liquidity compared to centralized exchanges, and transactions can sometimes be associated with higher fees depending on the blockchain network. Always conduct thorough research on the chosen DEX and understand its features before initiating transactions.
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Alternative methods to acquire DigiByte
Apart from directly buying DigiByte (DGB), what are the alternative methods to acquire DigiByte ?
Fixed Auto-Investment in DGB
Regularly invest a fixed amount at scheduled intervals in DigiByte (DGB) digital assets, enjoying both short-term returns and long-term benefits.
Staking DGB
Flexible staking of DigiByte (DGB) digital assets to earn interest or high returns in other cryptocurrencies.
POW Mining
DigiByte miners choose mining rigs or cloud mining with high GPU and CPU configurations, configure mining software, select mining pools, and start mining to earn DGB rewards.
Get DigiByte (DGB) for free
If you have enough time, you can obtain DigiByte for free through the following methods:
- Invite friends to join the Bitrue coupon event and earn free DigiByte (DGB).
- Join the Bitrue Rewards Center, participate in ongoing challenges and airdrops to receive free DigiByte.
- All cryptocurrency airdrops and rewards can be exchanged for DGB through coin-to-coin exchange or spot trading.
How to keep your DigiByte safe and secure
Once you have purchased DigiByte, it is crucial to store it in a secure location.
If you are highly familiar with operating on-chain DigiByte wallets, you also have the option to store DigiByte (DGB) separately in a personal encrypted wallet. This wallet serves to keep your DigiByte secure and accessible, allowing you to send and receive it while maintaining control.
To ensure the security of your DigiByte, consider the following types of encrypted wallets:
- Mobile Wallets: Store your private key in an application on your smartphone.
- Web Wallets: Third-party-controlled online servers that store your private key.
- Desktop Wallets: Computer programs that allow you to store your private key on a hard drive.
- Hardware Wallets: Physical devices for offline storage of private keys.
Note: Cryptocurrency wallets do not technically store your DigiByte encrypted assets. Instead, the assets remain on the blockchain, and access is granted using the digital private keys stored in the wallet.
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Some market stats about DGB
Price Analysis
DGBDigiByte Price Now:
$0.008537+27%24H
DigiByte is rising this week.
The price of DigiByte has increased by 32% in the last 7 days. It has seen a 27.43% increase in the past 24 hours and a 32.48% increase in just the last hour. The current price is $0.008537 per DGB. DigiByte is increased --% from its all-time high of $--.
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Calculate the Returns on Your DigiByte Investment
How much profit would I have if I bought $ worth of DigiByte in ?
CalculateReturns based on the average DigiByte price for that year. Not financial advice.
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How to buy other cryptocurrencies
There are lots of ways to buy, swap, and convert crypto. Learn more about how you can do it all using Bitrue with our how to buy crypto guide.
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FAQ About Buy Crypto
What is DigiByte?
DigiByte (DGB) is a UTXO PoW based blockchain with a focus on cybersecurity, digiassets, payments, and secure communications technologies.The DigiByte blockchain was developed in 2013 and released in January 2014 by Jared Tate (Creator & Founder of DigiByte) with an open-source protocol. Although based on Bitcoin, adjustments in the code reportedly allow for improved functionality, including 15-second block time, real-time difficulty adjustment and improved security
How many DigiByte are there in total?
The total supply of DigiByte is 17,972,204,519 and the Circulating Supply is 17,972,204,519 .
Why are people buying DigiByte?
People buy DigiByte for various reasons. Some view it as an investment, expecting its value to increase, while others appreciate its decentralization and anonymity, seeking to avoid restrictions of traditional financial systems. Additionally, DigiByte serves as a digital asset with transactions independent of central authorities. Overall, motivations for purchasing DigiByte include investment, risk diversification, and trust in new digital assets.
Can I use cash to buy DigiByte?
Generally, buying DigiByte digital assets by cash is relatively challenging, as most cryptocurrency exchanges prefer electronic payments or bank transfers.
What can I do with DigiByte?
You can use DigiByte to pay for goods and services, invest, transfer and remit, preserve assets, participate in DeFi, donate, and more.
Disclaimer
Cryptocurrency markets are highly volatile and can experience rapid price fluctuations. You are solely responsible for your investment decisions and Bitrue is not liable for any losses you may incur. We rely on third-party sources for price and other data related to the cryptocurrencies listed above, and we are not responsible for its reliability or accuracy. The information provided on this platform and any associated materials are for informational purposes only and should not be considered as financial or investment advice.
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