Digibyte is an open-source decentralized cryptocurrency platform that operates on the fastest blockchain UTXO (unspent transaction output) that consists of the fastest blocks with 15-second timing. You can perform DigiByte exchange at our website, BestRate.org. SegWit which has also been implemented on DigiByte allows such innovation as cross chain transactions and single confirmation transactions. DigiByte provides different solutions for automation and data analysis for decentralized apps and payments. This is an ideal solution for protecting objects of value like currency, property, information or important digital data.
DigiBytes platform is powered by the digital coins with the same name.
How to buy DigiByte
Having selected the cryptocurrency that you want to exchange for DigiByte, type the amount to be exchanged.
Select the best DigiByte rate to make the digital currency exchange.
Type your DigiByte wallet address and copy the address generated by BestRate.org. After that the transaction will be created and processed. Its status will be displayed on your screen.
How to sell DigiByte
In order to change DigiByte for some other digital currency, first select the currency you want to buy and then put in the amount and repeat the procedure described above.
BestRate.org provides you with the best DigiByte exchange rates so that you could maximize your profits.
What is Digibyte
DigiByte is one of the oldest cryptocurrency projects. It was launched in 2014 and has already lived through several price drops. The main idea of the project was to create a faster and more secure cryptocurrency. It is very popular due to several core advantages.
Advantages of using DigiByte
Advanced difficulty and stability
DGB has a special algorithm to manage mining difficulty and stability which makes this cryptocurrency one of the most secure coins with fast transactions.
Different mining algorithms
DigiByte decentralized network is using five different algorithms for mining. This allows different types of computers to become Nodes and process transactions. This prevents network mining centralization and increases its stability and security.
DigiByte blockchain architecture is used by more than 100 000 computers all around the world.
DigiByte is a crypto token and can be bought, sold or exchanged using different services. It is an ordinary coin like Bitcoin and can be used for the same purposes.
You can exchange DGB to other coins using special platforms. Or you can compare their prices between each other and choose the best one using aggregators like Bestrate.org.
Nodes are the computers that process every transaction and check the whole blockchain for the ability of contragents to make a transaction. They are probably the most important part of the network. DigiByte has one of the strongest networks and can be definitely called most stable of all.
DGB coins can be converted to USD. If you multiply the price of one DGB by the total number of DGB you will find the total market capitalization of the DigiByte project.
DGB investment strategy
DGB is one of the most promising cryptocurrencies. It has much in common with Bitcoin, but has greater improvements that will make it valuable in future. This coin is frequently called the “Sleeping Giant” of the decentralized world. So it’s going to be a wise decision to add some coins to your Investment Portfolio. It’s probably going to be your long-term investment so you should be ready to hold this coin for several months.
Where to keep DGB
DGB can be held on a special wallet called DigiByte Core. It is available for any desktop platform and Android smartphones. There are also wallets from third-party developers such as Chrome Go wallet, Coinomi Wallet, Jaxx Wallet.
And you can surely use cold Ledger Nano S and Ledger Nano Blue wallets to hold your DGB coins.
How to transfer DGB securely
DGB coins can be transferred as any other cryptocurrency from one person to another without any bank or financial institution to govern the transaction. So you should be careful when sending your coins to anybody else. Here are some ideas for you that will help you not to lose your money.
Never type a wallet address manually
Always use only copy-paste operation to enter a wallet address. Any mistake can cause an error and let your money get lost in the network.
Look up the transaction fee
Any good wallet or an exchange platform will show you the transaction fee for your money transfer. Look for it anytime you send DGB coins to anyone.
Double check the address
Make sure that the address of the recipient is correct and check it several times before sending off the sum, especially if you transfer big amounts of DGB coins at a time.
Test before sending
Anytime you send huge amount of DGB check the whole procedure on a small amount. When you are sure that your partner has received the money, do the same thing with the rest of the asset.
5 easy steps to buy DGB
DGB exchange to BTC
- Select DGB from the drop-down menu on the left and BTC on the right. Put in the amount of DGB you’d like to exchange for BTC. Click “Choose best rate” button.
- You will see different exchange rates. Select the best rate to proceed.
- Put in your DGB and BTC addresses. Optionally, you can also put in your email address so as to receive information about the transaction. Click the “Next step” button.
- BestRate.org will provide you with the new address, copy it. Click the “Next step” button.
- The transaction will be created and processed. Its status will be displayed on your screen.