DigiByte is ultra-fast (up to 1066 transactions per second – 40x faster than BTC and 10x faster than LTC), reliable, and secured crypto operating on a decentralized blockchain network.
What is DigiByte?
DigiByte (DGB) is an open-source blockchain using proof-of-work protocol, smart contracts, and algorithms to record transactions – in September 2014 it was forked to add a characteristic called MultiAlgo which allows for mining with five different cryptographic algorithms. The five algorithms used are Sha256, Scrypt, Skein, Qubit and Odocrypt. It is a multi-purpose and multi-layered blockchain built by Jared Tate for a secure and quick payment system.
Their goal is to ensure cybersecurity, secure payments, and communications. DigiByte hosts a scalable network allowing users to trade DGB, issue assets, and use digital identities for transactions.
Why should I trade DigiByte?
Crypto traders love DigiByte because of its prospect. The goal is to expand its native technology into fields like artificial intelligence, IoT, and cybersecurity. Digital assets are the future, and you should trade DigiByte because of its technological advancement and intrinsic value. It is a stable crypto with a forward-thinking approach and a limited supply of 21 billion DigiBytes. There have also been nearly 300,000 node downloads so far, indicating that the network is spreading quite successfully.
DigiByte trading vs. investing
If you invest in DGB over a period, ROI comes from the asset’s bull market and future value. But trading involves buying and selling when the market dips and appreciates for a quick profit. The expertise involved in trading makes investing a safer choice. For example DGB first spiked in 2017, when the price reached $0.0566, then it surged to $0.142889 in 2018 and in May 2021 the price is climbing up to $0.18.
Trading involves methods like day or intraday trading, position, scalping, and other strategies. It would be best to have a firm grasp of the market cap, circulating supply, DGB price, trade volume, and seek financial advice (But always make decisions key metrics)
Sign up on an exchange trading BTC for DGB and complete verifications. Transfer BTC to your wallet and find DGB. Now you can convert your BTC for DGB and trade with other coins.
Most people invest in ETH and BTC, because of their solid growth, but in case of DGB long-term strategy may be beneficial too- since 2018 has probably tripled. If you are interested in long-term investments in DGB you can do it by signing up on exchange trading pairs like BTC, LTC, and ETH for DGB.
Fund your account and buy bitcoin with fiat currency before finding DGB through the search bar. Tap buy DigiByte, input your desired amount, and select submit. When the order is accomplished – you will receive a success message.
Where to trade DigiByte?
You can buy, sell or trade DGB on over 30 crypto exchanges. With so many options on the market, choosing the right one is challenging for beginners.
Reliable, secure, and transparent exchange platforms are ideal for traders, so here are few platforms to trade DGB:
- Binance – Binance is one of the most popular cryptocurrency exchange for traders and enthusiasts looking to buy and sell a wide variety of cryptocurrencies at low fees
- HitBTC – HITBTC is a European exchange founded in 2013 with 6 million euro venture capital that offers high liquidity and buying limits
- 7b – simple and straightforward crypto broker, developed by a team with more than 10 years of experience in the crypto industry
- Kucoin – KuCoin is an exceptional cryptocurrency exchange platform founded by Michael Gan and Eric Don, based in Seychelles
- Okex – OKEx is a Seychelles-based cryptocurrency exchange that provides a platform for trading various cryptocurrencies.
- Bittrex – Based in the USA, Bittrex is a popular crypto-to-crypto exchange that is currently rolling out USD deposits.
DGB trading pairs
In 7b crypto broker app you can trade:
DigiByte (DGB)/Tether US (USDT)
DigiByte (DGB)/ Binance USD (BUSD)
DigiByte (DGB)/ Binance Coin (BNB)
DigiByte (DGB)/Bitcoin (BTC)
How to Trade DigiByte using the 7b crypto broker app?
Secure and profitable trading is the goal for DGB traders, and the 7b broker app is your ideal platform. The app accepts crypto exchange for DGB and provides trading tools with convenient features. You can also follow market trends, current rates, trade, and withdraw DigiByte on the application. If you want to trade DigiByte with the 7b crypto broker app, follow the below steps:
- Download the 7b app from Google Play
- Sign up and complete account verifications.
- Purchase or send BTC to your wallet
- Find DGB through the search bar
- Tap the buy or sell button
- Enter the necessary amount of DGB
- Submit the order
- You will get a success message
Is DigiByte a good investment?
Yes, because it is globally accepted and solves virtual transaction issues. DigiBytes offers speed, transparency, and security with an advanced cryptographic algorithm, making it a better investment than Bitcoin.
How do I invest in DigiByte?
You can invest in DigiByte with two methods. Purchase some BTC on exchange platforms – 7b, Binance, Huobi, etc., and trade your BTC for DGB. You can also transfer the crypto to a marketplace that lets you trade Bitcoin for DGB.
How to trade DigiByte for beginners?
To trade DGB – find an exchange platform that allows pairing with BTC, such as 7b. Convert your BTC to DGB and reverse if you want to sell. Input the amount you’d like to buy or sell and trade DGB!