A Step-by-Step-Guide on how to buy DigiByte (DGB)
Step 1 – Signup to Kraken You will first need to purchase units of the major coins. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and to get Ethereum or Bitcoin.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is similar. DigiByte (DGB) is accessible on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find DigiByte (DGB) Once your deposit has been confirmed, you'll instantly have access to your finances and you can commence invest and trading. To invest in DigiByte (DGB) on Binance, you will want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to discover DigiByte (DGB), you will need to insert the short name of the asset (DGB) into the search-box, which is highlighted in the picture. Be certain of having selected the correct pairing, we've marked this too. Click on “DGB/BTC” to progress.
Step 4 – Acquisition of DigiByte (DGB) After you've discovered DigiByte (DGB), you'll be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date price DigiByte (DGB) was sold for. You can change this to your desired price. The ”Amount” field is the volumen of DGB you like to purchase. The field with the “Total” tag is the total price in BTC that you'll settle for the complete amount of DGB. When you are satisfied, make a mouse click on “Buy DGB”. Your plan will be filled as soon as a Seller sells their DGB for the price you introduced.
Step 5 – Withdraw DigiByte (DGB) Unless you're regularly trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to withdraw your DigiByte (DGB), go to the ”Funds” tab and click on “Withdraw”. DigiByte (DGB) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Locate DigiByte (DGB) by using the provided drop-down box. Enter the volumen of DigiByte (DGB) you'd wish to take off. Take into account the presented minimus/fees. Also make sure you have entered your right withdraw address. When you're happy, click “Submit”. You may be requested for verfication via phone/email before a withdrawal.