How To Buy Digibyte In Australia

A Beginner’s Guide to Buying Digibyte Cryptocurrency in Australia

Last Updated July 23rd 2021
5 Min Read

If you’re based in Australia and wish to buy Digibyte  – the process is very straight. All you need to do is find a regulated exchange, deposit some funds, and decide how many Digibyte tokens you want to buy.

As cryptocurrencies keep gaining more adoption in the mainstream, investors are looking to diversify their portfolios and gain more from these digital assets. Digibyte is one of the cryptocurrencies with a strong community and active development team. This makes it highly demanded in the market. Many investors believe the time to invest in the crypto asset is now, considering that the price is still relatively low. If you are interested in buying or investing in Digibyte, the following guide will come in handy for you.

What's in this guide?

This guide contains the right details for anyone looking to buy, sell, and store the Digibyte cryptocurrency. It has step-by-step instructions on buying DGB in a cryptocurrency exchange. Also, it provides information about Digibyte and how it works. Additionally, the guide provides information about where to buy Digibyte and outlines things you should know before buying cryptocurrency.

  1. QUICK GUIDE: HOW TO BUY DIGIBYTE IN AUSTRALIA
  2. Where to buy Digibyte in Australia
  3. A step-by-step guide to buying Digibyte in Australia
  4. How to sell Digibyte
  5. Which wallets can I use to hold Digibyte?
  6. How Digibyte works
  7. Key things to consider when buying Digibyte in Australia
  8. FAQs

QUICK GUIDE: HOW TO BUY DIGIBYTE IN AUSTRALIA

  1. Open an account with an exchange
  2. Verify your account
  3. Go to the deposit section
  4. Go to the platform and select Digibyte
  5. Enter how many Digibyte DGB tokens you want to buy
  6. Confirm your purchase

Where to buy Digibyte in Australia

If you are new to the world of cryptocurrencies, you may be wondering where to buy Digibyte in Australia. Although there are other ways you can get the Digibyte crypto asset, a crypto exchange is a surest and most effective way. Plus, it’s safer to buy from a registered exchange than an independent source or through marketplaces.

A step-by-step guide to buying Digibyte in Australia

If you’re looking to buy Digibyte in a crypto exchange, you have two options: you can deposit another cryptocurrency directly into the exchange or buy Digibyte using fiat currency.

Buying Digibyte with other cryptocurrencies

The first option is ideal for you if you have another crypto asset in a wallet. In this case, you can fund your account directly on the exchange.

Buying Digibyte with fiat currency

Some crypto exchanges enable users to fund your account using fiat currency (AUD). You need to search for the right type of exchange because they will give you easy access to their crypto pairs. The following is a step=by-step guide to buy Digibyte from a crypto exchange.

Step 1. Register for an account with an exchange

Yes, the journey to own your Digibyte cryptocurrency begins with registration with a cryptocurrency exchange.

Find and select the right exchange that allows you to fund your account using fiat currency. Choose a popular crypto exchange as transactions will be faster there than a crypto exchange with few users. You may also have to consider their transaction fees and their reputation before anything else.

After identifying one, proceed to the registration portal and register your account. You may be asked to provide certain details such as your email address, residential address, and proof of ID. Remember, some exchanges may not require all these details.

Once you’ve filed the details, enable two-factor authentication (2FA) to offer more security to your account. Once the registration is complete, a notification will be sent to the email you registered with, informing you of the registration success.

Step 2: Deposit funds into your account

Depositing funds into your exchange account is simple. Just log in with your details and navigate to the account section. Since the exchange is accepting deposits in AUD, you should see different options, including via PayPal, credit card, or debit card.

Select the less expensive and more convenient option and enter the number of funds you are deposit. Enter the details of your payment method and complete your deposit. Once the transfer is complete, the amount will be credited to your account and you can start buying cryptocurrency. 

Step 3: Buy Digibyte

Once you have AUD in your account, you can proceed to the market section to buy Digibyte (DGB). Note that most exchanges may not offer direct AUD/DGB pair. In this case, you can use your AUD fund to buy a popular crypto asset like Bitcoin (BTC) or Ethereum (ETH). Afterward, you can buy Digibyte using cryptocurrency, which will be very possible in several crypto exchanges.

How to sell Digibyte

If you’re looking to sell the Digibyte tokens on the exchange, it’s also very easy. Go to the market section of the exchange and select the right trading pair, just like you did in step 3 (but the other way around). Enter the amount of  Digibyte you are selling and complete the order detail. Once the order is executed, you will receive a notification email.

Which wallets can I use to hold Digibyte?

Several crypto wallets can be used to hold Digibyte easily. You have to select either an online wallet or an offline wallet. The latter is more secure because it is not connected to the internet. This makes it out of reach for threat actors or hackers.

How Digibyte works

Digibyte is a highly secured cryptocurrency that runs on a decentralized global blockchain network. Due to its decentralized nature, it is highly attractive to the wider crypto community. It uses the DGB token, which has increased in popularity in recent months.

Key things to consider when buying Digibyte in Australia

The following are the key things you should consider before buying or investing in Digibyte.

Strong community with a supportive team

The success of any project can be determined by its community and the actions of its developers. Fortunately, Digibyte a strong team campaigning for its wider adoption. Interestingly, it also has built a strong community base over the years.

Regulatory issues

Cryptocurrencies still have regulatory concerns despite having spent a decade in existence. Digibyte was launched in 2014, but it hasn’t experienced any regulatory challenge since it was launched. It’s still necessary to keep an eye on authorities in case crypto policies change in your area, because it may have an impact on the price.

Market Volatility

 The crypto market is one of the most volatile markets in the world. It is highly speculative and prices can change direction easily. As a result, it’s important to pay attention to some market indices at all times when investing in Digibyte.

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FAQs

How can I buy Digibyte in Australia?

The best way to buy Digibyte is in the cryptocurrency market.

Where can I store Digibyte?

You can store Digibyte either in a hardware wallet or a soft wallet. The former is the safer option.

Can I buy Digibyte with fiat currency?

Yes, you can register and buy your DGB token in an exchange that accepts fiat currency like AUD.

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