How to buy Digibyte coin online

It has been called the sleeping giant of cryptocurrency and has a growing fanbase, but how realistic are these claims? In this beginners' guide, find out everything you need to know about Digibyte.
By: Charlie Hancox
Charlie Hancox
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player,… read more.
Updated: Oct 8, 2021

On this page, we discuss all things Digibyte. We explain if now is a good time to invest, what the pros and cons of the cryptocurrency project are, and what considerations you should make based on your own investment strategy.

Tip: our preferred broker is, eToro: visit & create account

Compare where to buy Digibyte coin, and open an account

If you are looking for the best places to buy Digibyte tokens online, look no further than the selection of trading platforms below. They all offer low fees and have stellar track records of reliability, so you know it is a service you can rely on. Click on one of the links, or read on to learn more about Digibyte.

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA
2
Min. Deposit
$1
Exclusive promotion
User Score
9.3
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Description:
Binance has grown exponentially since it was founded in 2017 and is now one of, if not the biggest cryptocurrency exchanges on the market.
Payment Methods
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full regulations list:
3
Min. Deposit
$10
Exclusive promotion
User Score
8.7
The broker offers access to a trusted MetaTrader trading system
Pricing is ensured to be completely transparent, also providing accuracy and speed
Trade a Wide Variety of Assets with Leverage up to 1:500
Start Trading
Description:
LonghornFX is a true ECN STP broker dedicated to delivering a superior trading experience to traders no matter their level of experience. Their services are based on transparency, innovation and efficiency, ensuring an unparalleled trading experience for all.
Payment Methods
Bitcoin, Credit Card, Debit Card, Visa
Full regulations list:
LonghornFX offers high-leverage trading on a wide variety of assets. Trading with leverage carries a degree of risk which may result in losing more than your investments. Clients should practise risk management to protect themselves from losing more than they can afford when trading with leverage.

How to buy Digibyte online – a step-by-step guide

Step 1. Find an exchange

The easiest, fastest and safest way to purchase Digibyte is by signing up to a cryptocurrency broker, depositing funds, and purchasing coins outright. This is a simple process that we have broken down into stages, starting with finding a reliable exchange. To save you time and effort, we have listed two of the best exchanges below along with a brief description of what they have to offer:

  • Binance: This is the world’s biggest crypto exchange. With low fee trading and a huge selection of assets, it is a strong choice for anyone interested in Digibyte. Open a Binance account now >
  • KuCoin: KuCoin is a rapidly growing exchange. Thanks to its track record of reliability and general ease of use, it has cemented its popularity amongst crypto investors across the spectrum. Open a KuCoin account today >

Step 2. Sign up and fund your account

Once you have chosen an exchange to use, the next step is registering an account and adding funds to it. This is simple and usually involves providing a few basic contact details and a copy of your photo ID. In addition, you will more than likely have to set a secure password.

After you’re all done creating your account, it’s time to fund it. Nowadays, most exchanges accept deposits in the form of fiat money via a bank transfer, though you can also use a cryptocurrency like Bitcoin. Simply purchase some BTC from a major exchange like Coinbase and transfer them into your wallet.

Step 3. Purchase

Now, it is time to purchase your Digibyte tokens. Simply search for DGB via the interface of your chosen exchange. Then, find the pair that matches up with your account’s funds. For example, with GBP, look for DGB/GBP, and for Bitcoin, look for DGB/BTC.

Once you have found the appropriate pair, enter the number of Didibyte tokens you want, check you are happy with the price and incurred fees, and execute your transaction.

Step 4. (Optional) Get a suitable wallet

If you want to trade Digibyte, skip to the next section since storing your coins in a wallet won’t be practical.

However, if you plan on holding DGB coins to speculate on their future value, a wallet can be a great way of keeping your investment safe. They come in physical and digital form, each with its own perks. To save you from searching for the best Digibyte wallet, we have listed two of our favourite options below along with a brief description of what they have to offer:

  • Ledger Nano S: Store your DGB completely offline with Ledger Nano. It is a physical that looks like a USB stick, making it just as portable as it is secure. Get a Ledger Nano S now >
  • CoolWallet: CoolWallet offers the secure physical storage that investors want with a unique element of convience: a connected app that lets you access your funds. Open a CoolWallet today >
1
Min. Deposit
$1
Exclusive promotion
User Score
10
The world's largest cryptocurrency exchange with over 2bn daily users
Innovative trading platform offering enormous range of crypto coins
Supports over 60 methods of payment including PayPal
Start Trading
Payment Methods:
1Pay, 2C2P, 3d Secure Credit Card, ACH, ANELIK, Abaqoos, AdvCash, AlertPay, Alfa-Click
Algocharge, AliPay, American Express, Apple Pay, AstroPay, BPAY, Bank Link, Bank Transfer, Bank Wire, Baofoo, BitGold, BitPay, Bitcoin, Boleto, Bonds, Borneo Exchanger, Bradesco, CEX.io Mobile App, CFDs, CSS System, CUPS, CartaSi, Carte Bleu, Carte Bleue, Cash, CashU, Cashier Order, Check, Check (UK only), China UinonPay, China Union Pay, China UnionPay, ClickandBuy, Commodities, Contact, Contact Z, Credit Card, Cryptocurrencies, Currencies, DCPay, DIXIPAY, Dankort, Debit Card, Dengi Online, DineroMail, DirectPay, Dotpay, E-dinar, ELV, ENets, EPS, ETFs, EXCARD, Easy2Pay, EcoPayz, Ecommpay, Ecurrencyzone, EgoPay, Emerchant Pay, Eprotections, EstroPay, Ethereum, Euro Bank Account, Euteller, Express Dotpay, Express Polish Post Office 24/7, Express Zabka Market, Ezeebill, Ezybonds, FasaPay, Fastapay, Fastbank, Faster Payments, FilsPay, Forex, GTBank, Gate2Shop, Giropay, GlobalCollect, GlobalPAY, GlobePay, Gluepay, Halcash, I-Account, IPS, Ideal, Indices, Individual US State License(s), Indonesia Exchanger, InstaBill, Instadebit, IntellectMoney, Interswitch, Investmate, Itukar, KNET, Klarna, LaoForexBoard, LavaPay, Lion Payment, LiqPay, Litecoin, Lobanet, MOTO, MT4, MT5, Mailing Cash, Market Maker, Masari, Mastercard, MegaTransfer, Mister Cash, Mobile Trading App, Mobile Trading Platform, Moneta, Money Bookers, Money Order, MoneyBookers, MoneyGram, MoneyPolo, Multibanco, NETBANX, Nab, Namecoin, Neosurf, NetPay, OKPAY, OMT, OmahPoin, OnPay.ru, Online Naira, OrangePay, PAYSEC, POLi, POLi & BPay, PYEER, PagoEfectivo, Paxum, Pay Nova, PayCo, PayPal, PayRetailers, PayWeb, Payeer, Payoneer, Payonline, Payvision, Payza, Perfect Money, PocketMoni, Postbank, Powercash 21, Prepaid MasterCard, Prepaid MasterCard (I-Account), Prepaid MasterCard (Intercash), Prepaid MasterCard (Payoneer), Privat 24, Przelewy24, QIWI, RBK Money, Rapid Transfer, RegularPay, SEPA, Safecharge, SafetyPay, SahibExchange, Shilling, SmartPay, Sofort, SolidTrust Pay, SorexPay, Sporopay, Stock Certificate, Stocks, Swish, Teleingreso, Thailand Exchanger, Ticketsurf, Todito Cash, Trade Interceptor, Transact Europe Payment, Trazus, TrustPay, Trustly, UAE Exchange, UPayCard, USD, Ukash, Unet, UnionPay, Unistream, Uphold, Verve, Vietnam Exchanger, Visa, VixiPay, VoguePay, Vouchers, Wallet One, WeChat, Web Based Trading Platform, WebMoney, WebPay, Webtrader, Western Union, Wire Transfer, Wirecard, Yandex, Yandex Money, Yemadai, YuuPay, Z-Payment, Zenith, Array, cTrader, dinpay, eCard, eCheck, eKonto, ePay bg, ePayments Transfer, eToro Mobile Trading Platform, eToro Trading Platform, eTranzact, iPay, mPay, neteller, paysafecard, postepay, skrill, unichange.me
Full Regulations:

How to trade Digibyte – a step-by-step guide

Step 1. Find a CFD broker

If you’re going to trade DGB, this is most easily done via a broker. These are online services that allow you to open and close positions quickly, which is integral to capitalising on market volatility.

When you are on the lookout for a broker, it’s good to do some homework and check out what’s on offer. There are lots of reputable brokers out there, but they all offer different features and levels of support. Some are geared towards newbies and some are just for the pros. Here are two of our favourites for any kind of investor or trader:

Step 2. Deposit money

After choosing a broker, the next thing you need to do is put down a deposit. This can be done via a bank transfer or with certain brokers, PayPal.

Once your deposit is down, you’re good to go, though we recommend you don’t jump in too quickly, especially if you’re new to the game. Most brokers will let you set up a demo account which will give you a good idea of how it all works. 

Step 3. Learn how to perform technical analysis

At the core of any good trading strategy is the ability to conduct technical analysis. This is how experienced professionals read the market and plan their trades. Check out our short-term trading guide to learn the ropes.

Step 4. Start trading

While we recommend starting out with a demo account before risking your capital, once you have mastered technical analysis, trading cryptocurrency is fairly simple. Regardless of whether you’re a complete novice or a seasoned pro, you’ll be watching the ebb and flow of the value of your chosen cryptocurrency and taking a position based on whether you predict a rise or fall. If you’re confident the price will go up, you’ll take a long position (buy) and if you think it will fall, you’ll take a short position (sell). 

Depending on your broker and your experience as a trader, you can also add leveraged trading to your strategy. This enables you to put down a fraction of a trade’s worth (known as a ‘margin’), with the broker covering the rest. Be warned, though, this is not for inexperienced traders as it’s a high-risk move. Savvy traders often use stops to mitigate the risk and limit potential damage. 

1
Min. Deposit
$50
Exclusive promotion
User Score
10
Accepts customers from the USA
Offers 15 crypto coins to buy&sell including BTC, LTC, ETC, NEO and more
Trade on the world's leading social trading and investing platform
Start Trading
Description:
eToro offers a wide range of cryptos, such as Bitcoin, XRP and others, alongside crypto/fiat and crypto/crypto pairs. eToro users can connect with, learn from, and copy or get copied by other users.
Payment Methods
Bank Transfer, Wire Transfer
Full regulations list:
CySEC, FCA

Should I invest in Digibyte?

That depends on a variety of factors. Most notably, are we in a cryptocurrency bull or bear market? In a bull market, the price of cryptocurrencies will broadly rise, meaning DGB could be a sound investment. By contrast, in a bear market, crypto prices will broadly fall, meaning Digibyte might not be as compelling an investment.

Digibyte has shown its ability to generate token holder value in the past, and while it is yet to fully live up to expectations, it remains a promising if risky crypto the is primed for a speculative investment.

Finally, you should only invest in DGB if it is money you can afford to lose. The crypto market is highly volatile, and losses can quickly stack up in negative economic conditions, so unless you are fiscally and mentally prepared to lose your capital, don’t invest in the first place.

Still undecided?

Pros

  • Digibyte has a lot of potential which has been exhibited with large price surges in the past
  • Recent volatility has kept the traders interested
  • Digibyte is faster and more secure than a lot of older coins

Cons

Before we reach the end of this guide, here are three more questions to help you decide whether to invest in Digitbyte.

1. Is now a good time to buy Digibyte?

If you plan on holding Digibyte for a long period of time to speculate on its value several years down the line, the coin’s speed and large community are both reasons to be optimistic about its future price. While in the early days, some people within the crypto community thought Digibyte could become one of the top players, this now appears unlikely. However, even if it can no longer be the top dog, that doesn’t mean the project can’t generate substantial gains for investors.

For short-term traders, this macro is not as important. Instead, you need to hone in on technical analysis to work out if the current price of Digibyte is favourable for a purchase. By having a thorough understanding of trends and indicators, you can tell when it is the right time to pull the DGB trigger.

Check out the latest DGB analysis below to inform your potential investment and to see how the coin is performing at this moment:

2. What problem does Digibyte solve, and what are its investment prospects?

Digibyte is faster and more secure than a lot of cryptocurrencies. In fact, it is claimed to be 40X faster than Bitcoin by virtue of its drastically reduced block time. So, as a unit of exchange and a store of value, DGB does have a lot going for itself.

The coin has capture market attention in the past, but these instances have been flashes in the pan. We are yet to see DGB really flex its muscles, and some feel the opportunity may have passed by. However, any coin with a community of this scale and robust tech deserves meaningful consideration.

For more on the latest news and updates concerning Digibyte, check out the articles below:

Digibyte (DGB) has seen a significant price growth over the last week, and especially in the last 24 hours. The project is heading back to its YTD high, and while there is still some way to go, the progress is certainly being made. Digibyte in 2020 Digibyte’s YTD chart…

3. Do you want to hold Digibyte for the long term?

There are two ways you can go about investing in Digibyte: purchasing coins and storing them in a wallet, trading them for accelerated returs. Both of these strategies can prove highly effective, but they are fundamentally different. Here are some things to ponder on this topic.

Considerations for a long term investment strategy

If buying and holding DGB for the long term is your goal, find a reliable exchange and purchase the number of coins you want. Then, consider opening a wallet to keep your coins safe and secure.

Considerations for a short term trading strategy

For short-term traders, look for an established broker with low fees that can execute your regular trades inexpensively. You should also consider what kind of trader you want to be, from a swing trader to a day trader.


Fact-checking & references

Our editors fact-check all content to ensure compliance with our strict editorial policy. The information in this article is supported by the following reliable sources.

Risk disclaimer

Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >

Charlie Hancox
Financial writer
Alongside his passion for trading, Charlie has represented Great Britain and won national championships as a water polo player, and as a budding film director, has… read more.