How to Buy Digibyte – Buy Digibyte in Under 5 Minutes
Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only.
Digibyte seeks to address some of Bitcoin’s challenges surrounding security and speed of executing transactions. This token is actually a fork of the original Bitcoin blockchain, albeit, with various improvements – and entered the cryptocurrency scene in January 2014.
Suppose you want to learn about how to buy Digibyte? If so, this guide has been prepared to answer all your questions. The aspects we cover include the best brokers to buy Digibyte, the risks involved, the different ways to invest safely, and more.
Table of Contents
#1 Broker to Buy Digibyte – Capital.com
How to Buy Digibyte – Choose a Broker
The platforms listed below are the top places to buy Digibyte.
- Capital.com – Trade Digibyte Without Paying Commissions
- Coinbase – Great Broker to Buy Digibyte for Beginners
- Binance – Large Exchange to Buy Digibyte
- OKEx – Buy Digibyte via Crypto Deposits
- Kraken – Credible Exchange to Buy Digibyte
The platforms above are the top picks for you to buy Digibyte. Our research team decided on these options following a strict assessment of various metrics – such as safety, fees, user-friendliness, and payments.
How to Invest in Digibyte – A Quick Guide for 2022
If you only need a brief explanation of how to buy Digibyte, we have prepared this section for you.
Using a regulated broker like Capital.com, here are the steps involved.
- Step 1: Open an Account on Capital.com – Visit the Capital.com website and sign up to begin the registration process.
- Step 2: Upload valid ID – Since Capital.com is regulated by the FCA and CySEC, you’ll have to verify your identity. Provide a valid ID to complete this step.
- Step 3: Add Funds – You cannot proceed to open trades without having funded your account. Therefore, you’ll need to make a deposit with a debit/credit card, e-wallet, or bank wire.
- Step 4: Search for Digibyte – Click the search box and enter ‘Digibyte.’ The token will appear in the result tab as ‘Digibyte/USD.’
- Step 5: Open Your DGB Position – Once you click on the token, a tab will pop up by the side of your screen. Here, you’ll enter your stake and set your stop-loss and take-profit orders. After making a selection, click on ‘Buy’ and the broker will open your DGB position at the price you entered the market.
On Capital.com, you don’t have to worry about storing tokens since you don’t take actual ownership of the DGB coins. Instead, you are simply speculating on the token’s future price!
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
Where to Buy Digibyte – Full Broker Reviews
When assessing the cryptocurrency space to determine the right broker for you to buy Digibyte, you’ll come across various platforms. Therefore, it’s crucial to understand the essential metrics to consider before deciding on the platform to choose. This way, your decision will be informed when finally concluding on a Digibyte broker.
To make this easy, our research team has examined different brokers in terms of fee structure, credibility, user-friendliness, listed markets, and more. Based on this approach, the platforms below are the best places to buy Digibyte.
1. Capital.com – Buy Digibyte at 0% Commission
One of the places for you to gain access to Digibyte is Capital.com. Notably, this broker is most suitable if you’re looking to take your Digibyte investment a step further. This is because the broker allows you to trade contracts-for-differences (CFDs), meaning you don’t take ownership of Digibyte tokens when you purchase the asset. Instead, trades are based on the value of the token.
Consequently, when you use Capital.com, you have no need to search for a credible wallet. Essentially, you can complete the entire investment process on the platform by simply entering the market at a favorable point and selling the coin when the price moves upward. Suppose you’re considering opening Digibyte trades within short intervals, this is a broker you might want to choose. Additionally, Capital.com is known for its friendly user interface that allows newbies to navigate the platform easily.
Furthermore, Capital.com allows you to utilize leverage for your Digibyte trades. Essentially, this means that you can open Digibyte positions by leveraging borrowed capital from the investment platform. Traders see this tool as a means to increase their purchasing ability with the aim of maximizing profits. However, although many investors utilize this feature for their trades, you should exercise some caution while applying leverage so you don’t incur substantial losses. Additionally, Capital.com offers varying leverage limits for different locations.
Crucially, Capital.com is licensed by the FCA and CySEC. This makes the broker a regulated Digibyte platform, which is an important consideration relevant to your decision-making process. In terms of fees, Capital.com stands out for allowing you to access Digibyte at 0% commission. This is a great perk our research team found with the platform because, on a broker like Coinbase, you’ll pay a standard trading commission of 1.49%.
Lastly, asides from being a top broker that was founded in 2016, Capital.com is a platform where you can access 200+ cryptocurrency markets. This provides you with a wide range of cryptocurrencies to trade if you’re looking to diversify your portfolio. To get started with the broker, utilize your debit/credit card to make a deposit of $20 ($250 for wire transfers) into your account. Then verify your identity, and proceed to buy Digibyte CFDs.
Pros
- Top-rated spread betting and CFD broker
- FCA-licensed
- Minimum deposit just $20 (debit/credit cards and e-wallets)
- 0% commission on all tradeable markets
- Tight spread and no deposit/withdrawal fees
- 4000+ financial markets supported
- Suitable for beginners
Cons
- Experienced traders might consider the broker too basic
- $250 minimum deposit on wire transfers
- Not available in the US
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
2. Coinbase – Great Broker to Buy Digibyte for Beginners
When you’re looking to buy Digibyte, one of the things to consider on the platform you choose is security. In this regard, Coinbase is a broker that fits the bill. First, you have to go through a two-factor authentication process to access your account on the platform. Additionally, the broker stores 98% of digital assets offline, making it difficult for the tokens to get hacked.
Furthermore, Coinbase is popularly known as an easy-to-use broker. We consider this a notable perk – especially if you’re looking to buy Digibyte in a simple and straightforward manner. Additionally, the broker provides insurance for cash balances of up to $250,000. This also serves as an added layer of protection for users’ funds.
If you also want to buy Digibyte at regular intervals, the broker has a ‘recurring buy’ feature that you can leverage to execute this action. Nonetheless, despite the fact that Coinbase has great features that make it appealing, the broker has a high-fee structure. When you buy Digibyte with this broker through your debit/credit card, you incur a fee of 3.99%. We consider this expensive, especially if you’re buying Digibyte as a beginner.
Pros
- One of the most popular cryptocurrency exchanges
- More than 68 million users
- Supports instant debit card purchases
- Dozens of digital currencies to choose from
- Institutional-grade security practices
Cons
- Debit card deposits are expensive at 3.99%
- You will pay a standard trading commission of 1.49%
at Capital.com, #1 Broker in the Crypto Space
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
3. Binance – Large Exchange to Buy Digibyte
Binance is an exchange that has grown significantly in size ever since the platform was launched in 2017. With over 100 listed digital currencies, the exchange is one of the best places for you to buy Digibyte alongside numerous other tokens. Additionally, Binance supports four markets for Digibyte – which include DGB/BTC, DGB/ BUSD, DGB/USDT, DGB/BNB. Meaning, if you want to buy Digibyte on Binance, you’ll first have to purchase any of the paired tokens and then exchange the coin for Digibyte.
Furthermore, Binance offers various charting options that you can leverage to monitor the Digibyte markets. This informs your decisions and makes it convenient to go ahead with the right investment choices. Another notable perk about Binance is that the exchange charges just 0.10% in trading commissions. Meaning, you’ll incur a fee of just $0.50 if you elect to trade $500 worth of Digibyte tokens.
Lastly, Binance allows you to store tokens on the platform. Therefore, you can elect to use this storage facility for convenience – or, you can decide to move your tokens to Trust Wallet — backed by Binance. Nonetheless, it’s crucial to know that Binance charges up to 4% when you complete debit/credit card transactions from certain regions. However, for US clients, this fee is just 0.5%.
Pros
- Facilitates billions of dollars in daily trading volume
- Supports hundreds of digital asset pairs
- Near-instant deposits via debit/credit card
- Trading commission starts at just 0.1% per slide
- Offers crypto savings accounts
- Great for newbies and advanced traders alike
Cons
- Not all supported cryptocurrencies can be purchased with a debit/credit card
- No e-wallet deposits or withdrawals
at Capital.com, #1 Broker in the Crypto Space
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
4. OKEx – Buy Digibyte via Crypto Deposits
With over 20 million users, OKEx is one of the most popular platforms in the cryptocurrency industry for you to buy Digibyte. The exchange lists hundreds of alternative cryptocurrency markets, providing investors with different options through which they can optimize their portfolio. Some of the listed tokens include Ethereum, Cardano, Ripple, Polkadot, and more.
If you want to buy Digibyte on OKEx, you’ll first have to purchase USDT. Following that, you’ll proceed to exchange the USDT for DGB tokens. However, if you have some tokens in a private wallet, you can elect to transfer the coins over to OKEx. Then, you’ll perform the crypto-to-crypto exchange. When you use this method, you likely won’t have to undertake a KYC step (limits apply).
The exchange provides you with a non-custodial wallet to store your tokens. To access this wallet, all you have to do is to download the exchange’s mobile app. In doing so, you’re responsible for your private keys, and no other person asides you can gain access to them. Additionally, the OKEx app makes it super convenient to keep track of the Digibyte market.
Pros
- Credible cryptocurrency exchange with 20 million+ clients
- Over 400 crypto pairs
- Buy and sell cryptocurrencies with a debit/credit card or bank transfer
- Low commissions that start from 0.1%
- Fully-fledged mobile app on Android and iOS
- Super secure and great reputation
Cons
- Debit/credit card fees could be more competitive
- Derivative products are too complex for beginners
at Capital.com, #1 Broker in the Crypto Space
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
5. Kraken – Credible Exchange to Buy Digibyte
When you decide to buy Digibyte on Kraken, you’ll gain access to more than 50 other cryptocurrency markets. You can complete the end-to-end process of buying Digibyte on this exchange within five minutes – owing to the platform’s simple user interface. Asides from Digibyte, some of the other tokens you can purchase on this platform include Aave, Chainlink, Algorand, and more. Additionally, the exchange provides you with an advanced trading interface suitable for experienced investors.
Furthermore, if you want to attempt new forms of cryptocurrency trading, Kraken is a platform you might want to consider. The exchange allows you to engage in margin trading, which is a common trend among experienced investors. The broker offers you up to 5x leverage to perform this type of trade. With this leverage, you acquire an increased purchasing ability with the help of the exchange. However, trading with leverage requires you to exercise some caution, as losses can quickly be incurred in a substantial manner.
A major drawback with Kraken, however, is that the exchange doesn’t provide a secure wallet for you to store your DGB tokens. Essentially, you’ll have to search for a credible wallet where you’ll move the tokens after a successful purchase. Additionally, when you use your debit/credit card to complete transactions, you’ll incur a 3.75% fee, which we consider high especially – if you’re investing on a budget. Nonetheless, the exchange has 24/7 customer support where you can get help whenever you’re in need.
Pros
- Notable crypto exchange and broker
- Impressive selection of digital tokens
- Supports both crypto-cross and fiat-to-crypto pairs
- Accepts debit/credit cards and bank wire
- Offers complex crypto instruments for experienced traders
Cons
- Not all US states are supported
- Fees are somewhat pricey
at Capital.com, #1 Broker in the Crypto Space
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
How to Buy Digibyte – Detailed & Explained in Full
After reading the earlier guide provided above, you might still have some questions left unanswered. Therefore, we have explained the steps involved in buying Digibyte in a more detailed manner.
With a licensed broker like Capital.com, here are the steps to take.
Step 1: Open an Account on Capital.com
You can gain access to DGB on Capital.com when you have created an account. To do this, head over to the Capital.com website and click on the ‘Join Now’ button.
This process will require you to provide different pieces of information. This will include your full name and email address. You’ll also choose a username and password. On the next page of the application, you will need to enter your home address and date of birth.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
Step 2: Upload a Valid ID
Capital.com won’t allow you to enter the DGB market until you’ve verified your account. This is in line with the broker’s responsibilities as a regulated platform.
Therefore, you have to provide a valid ID to fulfill this requirement. You can elect to use your passport. Alternatively, you can choose to upload your driver’s license. After the verification step, you’ll be able to use your debit/credit card to make a deposit.
Step 3: Add Funds
When you’re using Capital.com, you’ll have to make a deposit before you can proceed to open positions.
The broker provides you with different options for this purpose. For debit/credit cards or e-wallets, you’ll need to add a minimum amount of $20. On the other hand, a wire transfer requires a minimum deposit of $250. The broker allows you to make these deposits without paying a fees.
Step 4: Search for Digibyte
Find the search tab and click on it. Enter ‘Digibyte’ into the box and you’ll find the token listed among the results displayed.
Click on ‘Digibyte/USD’ to move on to the next step.
Step 5: Open your DGB Position
When you click the token, you’ll see a tab on the right side of your screen. This tab contains the ‘Trade’ and ‘Market Info’ sections. This market info provides you with the data you need to know before opening your trade.
Concerning the ‘Trade’ section, this is where you’ll enter your stake and set your take-profit and stop-loss orders. You can also decide the entry point at which the broker should execute your order. Once you’ve done all this, you can click on ‘Buy’ to open your DGB position.
Buy Digibyte – Best Place to Buy Digibyte
It all comes down to choosing between a broker and a cryptocurrency exchange when you want to buy Digibyte. However, there are significant differences between these two options. Knowing these differences will inform your choice when you finally decide on the best place to buy Digibyte.
Online Cryptocurrency Broker
Brokers typically store tokens in huge amounts, making them readily accessible for buyers looking to make purchases. Therefore, when you elect to buy Digibyte from a broker, you’ll be buying directly from the platform itself.
- The most important thing to note with these brokers is that they are often regulated. Capital.com, for instance, is licensed by the FCA.
- Essentially, this means that brokers tend to provide you with a more credible platform to buy Digibyte.
- Additionally, buying directly from a broker means you don’t have to go through the stress of deciding on which trader has the best price.
In addition, another notable feature of brokers is that they are mandated to be transparent on fees.
Cryptocurrency Exchange
Cryptocurrency exchanges rarely have the backing of a reputable financial body. This is why most exchanges are unregulated. You might wonder why any investor would choose to buy Digibyte from such platforms. There are some reasons in this regard, as you will find below.
- The most notable reason is that exchanges tend to have a low-fee structure. Investors looking to maximize the DGB market consider this a perk.
- Furthermore, most exchanges support numerous markets. You’ll find exchanges listing hundreds of markets and having high liquidity levels.
Notably, since these platforms are unregulated, users do not enjoy the protection of regulators. Meaning, your capital isn’t safe with an unregulated platform. Therefore, although some of the features above seem advantageous, there’s a need to take a careful look. As an investor, your first consideration should be how well a platform will secure your funds.
Based on this, cryptocurrency exchanges are not the best option for you – since your funds don’t enjoy adequate security. Users cannot ascertain the scope of operations of these platforms, meaning exchanges can engage in nefarious activities that might compromise users’ funds. Instead, it’s best to buy Digibyte from a regulated broker.
Ways to Buy Digibyte
Here, we consider the various methods by which you can buy Digibyte.
Buy Digibyte With Debit Card
A swift way to make payments when you want to buy Digibyte is to use a debit card. This is a popular method utilized by many investors. The cost you’ll incur for using this option is based on the broker you choose. For instance, Capital.com charges no fees for making a deposit with a debit card. However, you’ll incur a 5% fee for adding funds to your account when using Coinmama.
Buy Digibyte With Debit Card Now
Buy Digibyte With Credit Card
Similarly, when using a credit card to make your deposit, Capital.com charges no fees. However, you may have to check with your credit card provider to determine whether fees are charged for utilizing the payment option at a brokerage site.
Buy Digibyte With Credit Card Now
Buy Digibyte With Paypal
There are numerous brokers that allow you to buy Digibyte using e-wallets. Paypal is a popular e-wallet option and you can elect to buy Digibyte using this method. Capital.com supports 0% deposit fees when using Paypal.
Buy Digibyte With Bitcoin
As earlier established in this guide, there are certain platforms that don’t allow you to buy Digibyte directly with your debit/credit card. For these platforms, you’ll first have to buy a token and then exchange it for DGB. One of the most popular markets for Digibyte is Bitcoin. So, if a broker lists this market, that means you can buy DGB tokens with Bitcoin.
Why Buy Digibyte
The process of buying Digibyte is one that comes with a lot of questions. One of the common questions investors ask is whether they should buy the token in question. Answering this question requires an investor to learn more about the project.
This is how to understand whether Digibyte is worthy of being added to an investor’s portfolio.
Decentralization
Protocols focused on decentralization often enjoy a notable level of reception in the cryptocurrency market. This is because decentralization is an important objective in the industry. In this regard, Digibyte fits the bill.
The protocol was designed to address issues of centralization in the cryptocurrency space. Leveraging different proprietary systems, the network seeks to provide an open-source blockchain where users can build digital assets, DApps, smart contracts, and more.
Scalability
Another challenge that has characterized protocols such as Bitcoin is the issue of scalability. Digibyte addresses this problem by providing high transaction speeds that help users complete transfers in no time.
Per second, Digibyte executes up to 1,066 transactions. At this rate, the network has become reputable in the digital tokens market and is currently viewed as one of the fastest UTXO blockchains in the world.
Highly Flexible
While some other networks might be focused on supporting a specific type of project, Digibyte attempts to be more flexible in its approach.
- The protocol can be utilized for different purposes including digital assets and smart contracts.
- With this level of functionality, Digibyte is able to contend in the crypto market as a viable project.
- A smart investor interested in the token will want to know more about how its use cases have impacted the coin’s value in the market.
You can easily do this by studying the coin’s historical data alongside the many projects launched by Digibyte.
Low Price
Another reason you may want to consider Digibyte is because of the token’s low market price. At the time of writing in early October 2021, Digibyte price was just over $0.042. This is significantly lower than the price of leading tokens such as Bitcoin, Ethereum, and Litecoin.
Therefore, investing in Digibyte with $100 will provide you with almost 2,400 DGB tokens. If you buy Ethereum with the same amount, you’ll only receive about 0.033 ETH.
The Cost of Buying Digibyte
Knowing the cost involved in buying Digibyte helps you understand whether or not to proceed with the purchase. More importantly, having a knowledge of the cost involved will inform your DGB investment plan – especially in terms of the gains you’re looking to generate.
Deposit Fees
Before you can buy Digibyte, you must have added funds to your account. On Capital.com, for instance, you’re required to add a minimum of $20 when using your debit/credit card and $250 for a bank wire.
However, while you will be charged 3.99% (debit/credit cards) when making a deposit on Coinbase, Capital.com is a broker that allows you to add funds on a fee-free basis.
Instant Buy
Brokers that support the instant buy feature will allow you to buy Digibyte with your debit/credit card in a quick manner. When you use Coinmama for this purpose, the broker will charge you 5%. This is the same payment method that Capital.com allows you to utilize without charging any fees!
Commissions
Commissions represent one of the main ways through which brokers make a profit. Therefore, some brokers will charge this fee based on the size of the transaction. On the other hand, some platforms place a fixed fee.
- Concerning Capital.com, the broker is a 0% commission platform that gives you unfettered access to Digibyte. You will, however, incur spreads when you open trades on the platform – like all other trading sites.
- On the flip side, Coinbase will charge you a standard trading commission of 1.49%.
A quick comparison here shows that Capital.com is a better option in terms of trading commissions.
How to Sell Digibyte
Every investor watches the market carefully to know when there’s a positive or negative movement. When the market moves positively, you might want to sell your tokens to secure your returns. This process requires an understanding of how to sell Digibyte.
On Capital.com, this is an easy process – since you only trade DGB based on the token’s value. Therefore, you simply have to click on the ‘Sell’ button from within your account and the broker will execute your instruction. After that, your position will be closed and your gains will be secured.
How to Buy Digibyte – Conclusion
All through this guide, we have established the importance of choosing the right broker when you want to buy Digibyte. You’ll want to purchase the token in the most cost-effective manner and this is why we suggest you consider a broker’s fee policy before choosing it or otherwise.
Capital.com is a reputable broker you can elect to use – especially if you’re looking to trade DGB in the short term. With this broker, you are charged zero commissions when trading the token. Additionally, you will gain access to over 200+ cryptocurrency markets, making portfolio diversification simple and easy.
Spread bets and CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. 76.25% of retail investor accounts lose money when trading spread bets and/or CFDs with this provider.
FAQ
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