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



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 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.


Cardano’s Charles Hoskinson wants to work with Elon Musk to develop a decentralized social media platform



Cardano's Charles Hoskinson wants to work with Elon Musk to develop a Decentralized social media platform

The Founder of Cardano (ADA) has invited Tesla owner and billionaire, Elon Musk, to work with him in developing the first decentralized social media platform. Charles Hoskinson, who also doubles up as the CEO of Input-Output Global is offering to help Elon Musk achieve his goal of free speech on social media.

The news follows Elon Musk’s acquisition of a stake in Twitter last week. The Billionaire bought 9.2% of Twitter, estimated at $2.89 Billion, and was even offered a seat on the micro-blogging site’s board. However, after deliberations, Elon passed on the offer since it would bar him from owning beyond a certain threshold of Twitter’s shares.

Free speech advocate

Elon Musk is on record for being a passionate supporter of free speech and open internet policies. He has in the past openly accused Twitter of muzzling free speech and open internet use. He recently held a poll that indicated that most users would prefer an edit button on Twitter and said that if he is not allowed to acquire the platform, he would have to reconsider his position as a major shareholder of Twitter.

To actualize this cause, he has offered to acquire the platform for a reported fee of $43 Billion in cash. This intended acquisition has left his critics and supporters talking and would go a long way in helping him bring much-needed changes to Twitter. His intention has however come under fire with his critics, including Dogecoin co-founder, Jackson Palmer saying that Elon Musk is planning a hostile takeover of Twitter. 

Hoskinson’s offer to Elon Musk

Upon seeing the opposition against Elon Musk’s plan, Hoskinson wooed Elon to join him in creating a decentralized social media platform. He tweeted:

“@Elon if Twitter rejects your offer, then hit me up. Happy to build a decentralized one.”

This offer follows Elon Musk’s Twitter poll where he sought the opinion of his 80 million followers about a decentralized social media platform. He posited that were he to be barred from acquiring Twitter, he would establish his decentralized platform that would be founded on free speech and open internet.

Elon Musk’s campaign for free speech and open internet has not been welcomed by all. Some of his critics have argued that coating his move with good intentions, his true intention is to get revenge against the SEC for muzzling his Twitter activities.

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Thailand Outlaws The Use Of Crypto For Payments



Thailand Outlaws The Use Of Crypto For Payments
  • The SEC in Thailand has banned crypto payments in the country.
  • Its new decision is expected to become enforceable in April.
  • The SEC reiterated that the government still maintained support for the blockchain industry, clarifying that the decision does not affect crypto investments.

The Securities Exchange Commission today has placed restrictions on crypto as a means of payment. They believe that it poses risks to the nation’s financial stability.

Crypto Payments Outlawed

Thailand’s SEC today has outlawed the use of crypto as a medium of exchange in the country. The regulators came up with this decision after discussing the benefits and inherent risks from crypto and blockchain technology with the country’s central bank, the Bank of Thailand (BOT).

They concluded that the use of cryptocurrencies for payment was potentially harmful to the country’s financial stability and economy. Price volatility, risks of theft, and potential use cases in money laundering were amongst the reasons cited by the SEC that led them to this decision.

The SEC report read, “the use of digital assets as a medium for payment of goods and services Because it may affect the stability of the financial system and the overall economy. including risks to people and businesses such as the risk of loss of value caused by price volatility Risk of Cyber ​​Theft Risk of personal data leakage or being used as a tool of money laundering.”

As per the SEC’s new decision, crypto service providers and vendors or merchants in the country are encouraged to stop providing or facilitating such services. Suppose a crypto service provider discovers that a customer has used its services to make payments. In that case, the service providers are to inform the SEC and restrict activities on the said account.

The SEC’s new ruling is to take effect from the 1st of April. However, businesses that already offer such services would be given till the end of April to cease such operations. The crypto market in Thailand has grown massively over the last couple of years. As per a Bloomberg report, government data estimates that Thai citizens hold about $3.4 billion in crypto assets.

Crypto Investments Not Affected As The Thai Government Still Supports Blockchain Technology Innovation

The SEC in their release, clarified that the restriction was only on using cryptocurrency as a means of payment and in no way affected citizens investing in crypto. It was stated that “digital asset traders/investors can carry out normal investment/trading related transactions.”

The SEC also maintained that the government still supported blockchain technology and was working to provide a regulatory environment where innovation can be encouraged in the industry. Recall that earlier this month, the country had offered tax incentives to investors and businesses in the crypto industry.

“… the BOT and the SEC, as well as other government agencies, see the benefits of various technologies behind digital assets such as  blockchain and emphasize and support the use of technology to further innovation.”

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