1. Home
  2. Converter
  3. Egyptian pound (EGP) to DigiByte (DGB)

Convert
Egyptian pound (EGP) to DigiByte (DGB) Instantly

Purchase DigiByte (DGB) with Egyptian pound (EGP) easily at Switchere and benefit from fast, secure transactions.

About
DigiByte (DGB)

DigiByte (DGB) stands as a highly secure, decentralized, and rapidly transacting public blockchain technology, first conceptualized in 2013 and launched in 2014. Its primary purpose is to offer a robust infrastructure for secure digital payments, decentralized applications, and digital asset creation, prioritizing security and scalability. The core technology of this digital asset is distinguished by its unique multi-algorithm proof-of-work consensus mechanism. By employing five independent mining algorithms (Odocrypt, Skein, Qubit, Scrypt, SHA256D), DigiByte significantly enhances network security and decentralization, making it more resistant to single points of failure and 51% attacks. Another pivotal feature is DigiShield, an advanced real-time difficulty adjustment algorithm that protects the blockchain from malicious mining practices and ensures block time consistency.

The native DGB coin is integral to the ecosystem, serving as a fast and low-cost medium of exchange within its decentralized network. It also facilitates the creation and transfer of DigiAssets, which are secure, customizable digital assets built on top of the DigiByte blockchain, representing anything from real-world equities to digital collectibles, leveraging its strong cryptographic security. With one of the longest continuously running UTXO blockchains, DigiByte's commitment to on-chain scaling and true decentralization positions it as a foundational layer for various Web3 infrastructure components. This digital ledger provides a resilient platform for a variety of peer-to-peer transactions and asset management applications, showcasing its enduring tokenomics and utility token characteristics within the broader cryptocurrency landscape, distinct from smart contract platforms that rely on gas fees.

DigiByte (DGB)

How to Buy DigiByte (DGB)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose EGP to DGB Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your DigiByte Wallet Address

    Provide your DGB wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your DigiByte

    Complete the payment, and your DGB will be sent to your wallet.

Popular Coins for Egyptian pound (EGP)

Other Coins for Egyptian pound (EGP)

Frequently asked questions

  • What is the most common way to buy DigiByte (DGB) with Egyptian Pound (EGP)?

    Direct EGP/DGB trading pairs are rare. The most common method is using a cryptocurrency exchange that accepts EGP for a major digital asset like USDT or BTC via local bank transfers or payment services. After acquiring the intermediary asset, you can then trade it for DGB on the same platform's order book. This process serves as a fiat on-ramp and requires full KYC/AML compliance.
  • What makes DigiByte's UTXO blockchain technology advantageous for transactions?

    DigiByte utilizes a UTXO (Unspent Transaction Output) model, similar to Bitcoin, which is highly secure and efficient for value transfer. Key advantages include a rapid 15-second block time for faster confirmations, extremely low transaction fees, and enhanced security through its DigiShield difficulty adjustment. Its MultiAlgo mining approach, using five different algorithms, promotes greater decentralization of the network's security.
  • What are the typical fees associated with a DGB purchase using EGP?

    There are several fee layers. First, the fiat gateway may charge a deposit fee for your Egyptian Pounds. Second, the cryptocurrency exchange will have a trading fee (maker/taker fee) for the EGP to USDT/BTC transaction and then for the USDT/BTC to DGB transaction. Finally, when you withdraw your DGB to a secure digital wallet, you will pay a very small DigiByte network fee, which is a key feature of its low-cost design.
  • What is Digi-ID and how does it enhance security for DigiByte users?

    Digi-ID is a security protocol built on the DigiByte blockchain that allows for passwordless authentication. Instead of using usernames and passwords, which can be stolen, a user can securely sign in to websites and applications by scanning a QR code with their DigiByte wallet. This leverages public-key cryptography, providing a more secure and private way to manage digital identity without storing personal data on servers.
  • Are there regulatory considerations when trading crypto with EGP in Egypt?

    Yes, the regulatory landscape for digital assets in Egypt is evolving. While peer-to-peer transactions occur, official guidance has been restrictive. It's crucial to use platforms that adhere to strict KYC/AML (Know Your Customer/Anti-Money Laundering) compliance. Users should stay informed about the latest pronouncements from the Central Bank of Egypt and ensure their activities on any fiat on-ramp are transparent and legally compliant.
Could not find the answer to your question? Describe your issue in  

Trade on the go
Anywhere. Anytime

Through Switchere you can buy or sell crypto instantly - transact all popular coins and tokens at the tap of a button.

Switchere Mobile Interface

Our website uses cookies. Our Cookie Policy