Table of Contents
1. Choose a crypto exchange
First things first, you need an exchange that both has DigiByte, and is trustworthy!
You can find our top 3 exchanges for buying DigiByte here, alternatively you can also check our comparison of the best cryptocurrency exchanges in Australia if you’re generally interested in seeing which exchanges work for Australians.
2. Sign up with the crypto exchange
Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.
3. Fund your account
The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.
4. Buy DigiByte
And of course, the final step is to find DigiByte on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.
Where to Buy DigiByte (DGB)
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How to Sell DigiByte
- Sign into the exchange
- Find where you stored your DigiByte, either on a hardware wallet or on the exchange.
- Transfer your DigiByte to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
- Sell DigiByte.
Considerations when looking to buy DigiByte.
DigiByte is an open-source blockchain and asset creation platform. The DGB token's genesis block was created in October 2013. It was forked from Bitcoin (BTC) in January 2014.
DigiByte is a long-standing public cryptocurrency and blockchain. It uses five different algorithms for security improvement and was originally created to improve the Bitcoin blockchain's security and capacity as well as transaction speed.
DigiByte is composed of three layers. A smart contract called "App Store", a public ledger, and the core protocol that features nodes communicating with each other to relay transactions are all part of DigiByte.
DigiByte, a modified version of Bitcoin, aims to increase security and speed while also increasing capacity.
It was first created as an open-source blockchain with associated cryptocurrency DGB. Five algorithms are used to protect the network and prevent ASIC miners monopolizing too much power.
DigiAssets was later relaunched with DGB as the native token. DigiAssets is a great choice for developers who want to create digital assets and decentralized apps (DApps), as well as encode the smart contracts.
DigiByte's governance structures are voluntary and in accordance with the thesis of open source and public access. For validating the blockchain, miners are required to pay transaction fees in DGB.