Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy DigiByte. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

DigiByte

Australia has a good amount of popular and regulated crypto trading platforms, so it’s quite easy finding an exchange that has DigiByte. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy DigiByte in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy DigiByte

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has DigiByte in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying DigiByte, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer DigiByte.

You can also check out our comparison of the Australian cryptocurrency exchanges for those looking to learn more about the exchanges we prefer.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy DigiByte, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy DigiByte

The final step is to go to their asset list, find DigiByte, navigate to the buy section, and then trade your AUD for some DGB. Once you’ve bought DigiByte, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy DigiByte (DGB)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

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How to Sell DigiByte

If you’re thinking about selling DigiByte, just follow the steps below.

  1. Sign in to the crypto exchange (like Swyftx).
  2. Click on DigiByte in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell DigiByte for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying DigiByte in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy DigiByte with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find DigiByte. Have a look on their site first, you might be lucky.

How to buy DigiByte with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy DigiByte with your credit/debit card.

About DigiByte

DigiByte, an open-source cryptocurrency and asset creation platform, is DigiByte. In October 2013, the DGB token's initial block was created. It was forked in January 2014 from Bitcoin (BTC).

DigiByte, a long-standing blockchain and public cryptocurrency, is now a stable public cryptocurrency. It employs five different security algorithms and was initially created to improve the Bitcoin Blockchain's security, capacity, and transaction speed.

DigiByte consists of three layers. DigiByte is made up of three layers: an app store smart contract, a public ledger and the core protocol which features nodes communicating to each other in order to relay transactions.

DigiByte is a modified version Bitcoin that aims to increase speed and security while increasing its capacity.

It was initially created as an open-source cryptocurrency blockchain and associated cryptocurrency DGB. Five algorithms are used in order to secure the network and stop ASIC miners from monopolizing too many power.

DigiAssets was later relaunched using DGB as its native token. DigiAssets is an excellent choice for developers who wish to create digital assets, decentralized apps (DApps), and encode smart contracts.

DigiByte's governance structure is voluntary and in line with the thesis open source and public accessibility. To validate the blockchain, miners must pay transaction fees in DGB to verify it.

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