Cryptocurrency

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

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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.



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