Buy Digibyte Coin in India — Step by Step guide for beginners
Digibyte Trading in India DGB-INR
Digibyte is an innovative blockchain technology that can be used for various purposes like smart contracts, centralized applications, digital assets, and secure authentication. Digibyte is much more rapid than digital currency. Digibyte is a blockchain that was built in 2013 and published in 2014. It is one of the fastest, safest, and most decentralized UTXO blockchains.
DigiByte, a long-standing public blockchain, and cryptocurrency uses five different algorithms to improve security and was originally designed to improve the security, capacity, and transaction speed of the Bitcoin blockchain.
DigiByte is made up of three layers: a smart contract “App Store,” a public ledger, and the core protocol, which uses nodes to relay transactions.
There are various features that DGB coin offers. A few of them are:
1. Truly decentralized
Any pre-mined coins or ICO has never funded Digibyte. There is no CEO or a single authority that controls the blockchain. It is a complete volunteer-based and global community-driven project.
2. Premium security
Digibyte uses five cryptographic algorithms to prevent malicious centralization of mining and power fluctuation of hash.
3. Lightning-fast speed
Digibyte block is made every 15 seconds, which is 40 times faster when compared with Bitcoin. The blockchain is capable of carrying out 1066 on-chain transactions per second with the minimum amount of fees.
4. Very easy to use
Using Digibyte is more straightforward than sending an SMS; you simply need to install the supported wallet and then scan the QR code and send the digit byte.
5. Easy authentication
You do not need to remember your username password and the two-factor authentication requirements because Digibyte uses public or private key cryptography. There are no passwords at risk; this method protects the consumer and the services that are being used by the consumers now.
DGB is a freely tradable altcoin that can be found on a variety of exchanges. DGB/BTC, DGB/USDT, and fiat currency trading pairs are all available. BuyUCoin, the oldest cryptocurrency exchange, accounted for the lion’s share of DGB-INR trading pairs in India. BuyUcoin accepts wire transfers as well as credit card payments to purchase Bitcoin, Bitcoin Cash, Litecoin, and Ethereum.
Follow this step by step guide to buy Digibyte Coin in India with BuyUCoin:
Step 1 — Opening of a Digital Wallet
- A digital wallet contains all your cryptocurrencies and uses blockchain technology to communicate with other users.
- In-depth research is necessary before you decide where to open your wallet.
- Today, BuyUcoin is a leading digital wallet provider in India.
Step 2 — Open an Account
- Visit the official BuyUCoin website to register/signup and open a service account.
- Select your account type (individual or corporate).
- Fill your country and adhere to the terms and conditions to create your crypto-trading account.
Step 3 — KYC
For the Indian jurisdiction, KYC is compulsory.
- Your data is secured and encrypted, and stored only in Indian data centers.
- To complete your KYC, you will be redirected to another URL.
- Image of your PAN card is mandatory. The mobile number connected to your Aadhaar is essential.
Step 4 — Google 2 Step Verification
- Install the Authenticator app to secure your account with 2-factor authentication.
- If enabled, any time you log in to your account, you will be asked to include a 6-digit one-time password with your email and password.
You can also set up 2FA for your digital wallet settings by using Facebook or LinkedIn.
Step 5 — Add Bank details
Enter your necessary banking information, such as your name credentials, the account number of the account holder, and the IFSC code.
To trade DGB coins, you need to open your account with any Crypto
exchange. You can buy Digibyte coin in India on various crypto exchanges and can convert them into any other Cryptocurrency. After buying, you can also transfer your DGB coin to your wallet and keep your private key safe. You can also download the DGB coin wallet application from the play store to monitor the DGB transactions. Users can exchange and accept cryptocurrencies with traditional (fiat) currencies.
At the time of writing, the DigiByte price in India is Rs. 3.16 INR, with a 24-hour trading volume of 2,516,689,356 INR, with the current market cap of 45,913,229,580 INR. It has a total quantity of 21,000,000,000 DGB coins and a circulating supply of 14,525,171,975 DGB coins.
Yes, regular money or any fiat currencies such as INR in India can buy DGB Coin, where it can be stored in your wallet. You can trade desirable crypto without any hidden transaction fees, using India’s leading cryptocurrency exchange BuyUcoin, in a single tap.
It is a good time to invest in DGB and other cryptocurrencies because the price is still low and the uptrend has not yet peaked. In any case, purchasing on the way up may be a safer bet. However, it is early, and you have planned a lengthy chat before things begin to move.
BuyUcoin is a multi-currency crypto wallet where Digibyte coins can be stored with high-end security features and cold storage wallets facilities. Once DGB coins are sent to your wallet, you will receive a confirmation email. DGB
the coin will appear in your wallet when you refresh the BuyUcoin wallet.
You can also use the Digibyte Wallet available on the play store to store your tokens. DGB Coin can be traded on various other exchanges. The working of the Digibyte application is effortless. The user has to scan the QR code from the Digibyte mobile application or any app which supports the Digi-ID. The user authenticates the request by entering their app PIN or recognizing their biometrics, such as facial recognition or fingerprints. Digi-ID reverts the cryptographically signed request, and the user is logged in successfully.
DGB can be exchanged with various other cryptos and bought on different renowned and prominent platforms and many other exchanges like BuyUCoin. BuyUCoin offers standard trading with a user-friendly interface while maintaining advanced charts for high-level traders. BuyUCoin has numerous coins, including DGB Coin.
You can also download the DGB coin wallet application from the play store to monitor the DGB transactions. You can also send DGB coins to the other users using the mobile application available to trade on and is entirely free and straightforward to use. Also, there are no fees, subscription services, and maintenance costs for using the app.
Based on DGB Coins’ performance, the Coin value could rise by the very end of 2021 to 0.04 dollars by 2021, reaching 0.08 dollars by 2022 and at a medium price of 0.15 dollars by 2025. Relying on the data, the DGB coin can be depicted as a profitable long-term investment. Digi byte Coin currently ranks 95th in the Cornmarket cap rankings.