How to buy DigiByte (DGB) from the UK

By   |   Verified by Andrew Boyd   |   Updated 29th August 2022

  • 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 the UK today.

Not sure which exchange to use?

Where to buy DigiByte

Uphold Crypto

On Uphold's website

Uphold Crypto

Highlights

  • Invest in 110+ coins including the majors, altcoins, and stablecoins with 0% commission.
  • Ability to trade crypto against other assets like foreign currency and commodities.
  • Stake a range of coins with competitive yields.

Pros

  • Open an account in less than a minute.
  • Low deposit requirement and commission-free trading.
  • Option to trade fiat currencies and precious metals.

Cons

  • High spreads on low-liquidity assets.
BC Bitcoin

BC Bitcoin

Highlights

  • Quick account setup with professional customer support.
  • Buy and sell over 140 cryptocurrencies.
  • Enjoy low fees with no hidden costs.

Pros

  • A huge selection of cryptocurrencies.
  • You can set up recurring payments.
  • Multiple payment methods are accepted.

Cons

  • Does not operate 24/7.
  • Supports only 2 fiat currencies, GBP and EUR.

First time buying?

How to buy DigiByte

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 (GBP) from a bank account, credit or debit card is a population option. It may also be possible to fund your account using PayPal, 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.

After you buy

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.