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- DigiByte is a scalable, decentralised digital currency using a Proof of Work protocol to validate transactions.
- Uses 5 cryptographic algorithms for greater security.
- DGB coins can be bought on any DigiByte-supported crypto exchange.
If you have decided that now is the time to invest in DigiByte, our detailed step-by-step guide has everything you need to buy DigiByte in Australia today.
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Where to buy DigiByte
On website
Highlights
- Access over 440 assets, including Bitcoin, Ethereum, Ripple, Litecoin, and DeFi tokens like UniCoin.
- Choose from multiple payment options, including PayID, OSKO, POLi, and bank transfers for deposits and withdrawals.
- Learn the basics of crypto trading with Swyftx’s demo mode, allowing risk-free mock trading.
Pros
Cons
On website
Highlights
- Trade a wide variety of over 530 cryptocurrencies, including top options like Bitcoin, Ethereum, and Litecoin, suitable for both beginners and seasoned traders.
- Simple and intuitive interface for easy navigation and management of your cryptocurrency investments.
- Focuses on strong security with two-factor authentication (2FA) and cold storage for your digital assets.
- Based in Australia and fully registered with AUSTRAC for compliance and trust.
Pros
Cons
On website
Highlights
- Buy, sell, and trade on Australia’s best crypto exchange—get $10 BTC after verification. Just use promo code 10BTC.
- Secure, Safe, & Easy - Trade 280+ cryptocurrencies, including Bitcoin, Ethereum, Ripple, and Dogecoin
- Crypto investing for your SMSF with detailed ATO-compliant reporting— Get started in 5 minutes
Pros
Cons
Step 1: Find an exchange that sells DigiByte
DigiByte is one of the more well-known altcoins and has been listed on many of the top cryptocurrency exchanges. When comparing exchanges where you can buy DigiByte, spend some time researching security features and the various fees charged, e.g. what the spread is, fees for withdrawing, etc.
Step 2: Sign up and get verified
Once you have decided where to buy DigiByte, you'll need to open an account and then confirm your identity. Details you'll need to provide include your full name as well as your date of birth, home country, and street address. You may also be asked for additional proof of identity. A copy of your driver's licence, passport, or another government-issued identification document should suffice.
Step 3: Fund your account
You can deposit funds into your account in a number of ways. Transferring fiat currency (AUD) from a bank account, credit or debit card is a population option. It may also be possible to fund your account using PayID, PayPal, POLi, etc. Note that it may take several days before funds clear into your account at the exchange. Another funding option is to transfer the cryptocurrency you already have to your exchange (but you should check that it supports it before doing so). A minimum deposit may be required when opening a new account at an exchange.
Step 4: Set a budget
Decide the amount you intend to spend on DigiByte and stick to it. Because the value of altcoins like DigiByte is prone to considerable fluctuation, it is best to invest only what you can afford to lose.
Step 5: Buy DigiByte
The easiest way to buy is with a market order, i.e. buy DigiByte at the next available price. Some exchanges provide the possibility of using stop and limit orders too, giving you the option to configure an order that executes when certain conditions are met. Some exchanges also offer the ability to set up a recurring order that automatically buys more DigiByte on a regular basis.
Where to store your DigiByte
While you can store your DigiByte tokens in your exchange wallet, you can also transfer them to a secure third-party wallet. There are many different types of third-party wallets including hardware wallets, software wallets, online wallets, offline wallets, and desktop wallets among others.
If you want 24/7 access to your crypto tokens, you can store them in an online or hot wallet. However, these wallets are prone to theft and online attacks. If you want a more option, store your coins in cold or offline storage.
