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How to Exchange and Withdraw Digibyte to Bitcoin/Ethereum on any exchange platform

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How to Exchange and Withdraw Digibyte to Bitcoin/Ethereum on any exchange platform

Most Digibyte investors have been facing a severe problem on how to withdraw their funds from any of the exchange platforms, or from their Chrome wallet or android wallet to a real currency like the dollars. This post will give a summarised lecture on how to do that. 

Firstly, to withdraw digibyte to dollars or any local currency, there is the need to exchange the Digibyte amount to either Bitcoin or Ethereum, or to any cryptocurrency that is widely supported by all exchanges. In this case, you can directly sell them for the preferred currency.

if you are using an exchange platform like the bit-z website to withdraw digibyte, you should first have at least 1000 Digibytes in your wallet to complete the transaction. Their minimum withdrawal amount is 1000 DGB. In this case, you should check the minimum withdrawal amount for digibyte on any exchange platform you are using before proceeding with the process.

Digibyte holders can go the easy way buy directly exchanging their digibyte to Bitcoin or Ethereum on the exchange platform, then sell their converted asset to any medium that buys BTC or ETH for dollars or the preferred currency. The problem here is that after exchanging DGB to BTC or ETH on the exchange platform, you may face another challenge of not meeting the minimum withdrawal value for ETH or BTC. In this case, you come back to zero. Some exchange platforms also support direct sales of cryptocurrencies in exchange for dollars. In this case, all these options are more complicated or are not supported by the exchange platforms.

To withdraw DGB without any coin exchange on the exchange platform, go to www.changelly.com to open an account. Choose the currency you want to send, and the currency you wish to receive. From there, proceed with the other procedure by entering the amount you wish to send, and providing the BTC or ETH wallet address you want them to send the DGB equivalent amount to. Mind you, changelly only allows DGB transactions which have a minimum amount of 1400 DGB. In this case, you should be willing to withdraw 1400 DGB to use this method.

After providing all the information requested by Changelly, they will generate a DGB wallet address for you to send the funds to it. Copy the address, then go to your exchange platform, or your wallet if you are selling from there. Rightfully locate the send button in your wallet or identify and click on the withdraw button when using an exchange platform. Enter the exact DGB amount you requested on the changelly platform, provide the copied DGB wallet address in the field provided, then click on withdraw or send.

Go back to the changelly platform, then click on history located at the top right corner. The transaction record will appear. Click on it, and you will be able to know whether Changelly has received the DGB or not. If they receive the DGB, they will send the equivalent amount in BTC or ETH based on the chosen coin to the wallet address provided. After they send the BTC or DGB into your wallet, find a trusted merchant or website, and sell them in exchange for the preferred local currency.



Cryptocurrency

Is Ethereum Battling For A Bullish Breakthrough?

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Is Ethereum Battling For Survival?

With the level of cryptocurrency awareness currently on the increase and a lot of new projects coming up with better positions to displace the old ones, there is a need for the second largest cryptocurrency in terms of market capitalization Ethereum (ETH) to fight for its life.

ETH is presently moving towards the $150 after weeks of leaving this price mark. It has shown that it is a force in the market by reacting positively to the positive volatility in the market. The present market is experiencing an increase in price bullishness and ETH is also among the altcoins that are gaining against Bitcoin and USD.

However, the presence of complement sites has shown that ETH is out to do all things to remain relevant. These projects are offering alternatives to what the Ethereum blockchain could attain. The Tron blockchain has now been officially listed as the number one dapp blockchain ahead of Ethereum. So, maintaining a continuous price change ahead of TRX, the Tron token could restore the confidence of Ethereum investors.

Also, the attitude of Ethereum cofounder Vitalik Buterin who does not give out free Ethereum to the public had changed after the launch of Tron Arcade that provides seed fund for developers with its investment of $100 million in the project.

The controversy surrounding the release of Ethereum Constantinople last month and how it was postponed as a result of the position of some developers that other hard forks would be launched. With the understanding of what this could cost the Ethereum network, it was postponed to avert what happened to Bitcoin Cash during its hard fork in Nov 2018 from happening to the coin.

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Cryptocurrency

Factors that Promotes the Surge in Crypto Crime

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Factors that Promotes the Surge in Crypto Crime

One of the reasons why some governments and private investors fight against the adoption of crypto as a financial instrument, irrespective of its increase in adoption is because of its anonymous nature and the possible use of it in crime related activities.

This fear could be seen as real since data had shown that the rate of crypto theft had surge by more than 7 times between 2016 and 2018. However, there are factors that have encouraged it which includes:

1) Patronage of dark and deep web: most of the private data that one could never imagine could be accessed easily through the activities of sellers in the dark and deep web. This has given hackers an easy access to information that could make an operation successful.

2) The inadequate laws for crypto crime offenders: most countries do not have sufficient laws that could be used to prosecute a cryptocurrency crime offender. This has made offenders in most cases to admit the crime, since the penalties could be lower when compared to a crime committed with fiscal cash.

3) Delay in accessing the right information: the anonymous nature of cryptocurrency could make a victim, to pay hackers and remain quiet till the money had been removed from the market. The continuous possibility of creating an unlimited number of accounts with decentralized exchanges makes it hard for the offenders to be caught easily.

4) An avenue to make quick money: some of this data could be sold by an insider since research has shown that more than 15% of hacking activities are due to information that an insider sells to outside users. Cryptocurrency makes such transaction to remain anonymous and the seller could keep the money raised for some time before cashing out.

5) Rise in knowledge: some people want to test the viability of the knowledge they had acquired on real products. This quest makes it easier for people to continuously involve in crypto crimes.

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