6 Ways You Can Buy DigiByte In Singapore

Last updated on September 21st, 2021

DigiByte (DGB) is a 3-layered blockchain network, which boasts faster transactions per second compared to Bitcoin.

If you are looking to buy DGB in Singapore, none of the crypto exchanges provide a SGD trading pair with DGB.

However, there are still some ways you can use to buy this coin!

How to buy DigiByte in Singapore

Here are 6 ways you can buy DigiByte (DGB) in Singapore:

1. Crypto.com (App)
2. Binance
3. Bittrex
4. KuCoin
5. Huobi
6. OKEx

This is a summary of all of these methods,

Platform	Trading Fee
Crypto.com (App)	None (but may have large spread)
Binance	Up to 0.1%
Bittrex	Up to 0.35%
KuCoin	Up to 0.1%
Huobi	Up to 0.2%
OKEx	Up to 0.1%

and here is each method explained in-depth:

Crypto.com (App)

Crypto.com is a platform that offers Xfers support. This makes trading crypto more accessible from Singapore.

You can’t buy DGB directly from SGD on Crypto.com. Instead, you’ll need to make at least 2 trades to buy DGB.

How to buy DGB on Crypto.com

Here are the steps you’ll need to do to buy DGB on Crypto.com:

1. Go to Crypto Wallet
2. Scroll down and find DGB
3. Click on ‘Buy DGB’
4. Select your payment method
5. Confirm the trade

#1 Go to Crypto Wallet

You’ll need to access your crypto wallet on the Crypto.com app.

This can be done by tapping on the central icon and going to ‘Crypto Wallet‘.

#2 Scroll down and find DGB

If you don’t have any DGB in your Crypto.com wallet, you’ll need to scroll down to find the currency.

You can use the search function to find DGB, as there are quite a lot of currencies available on the app!

#3 Click on ‘Buy DGB’

You will be on the DGB price page. You’ll need to tap on ‘Buy DGB‘ to make the trade.

#4 Select your payment method

Since you are using the Crypto.com App, you can only buy DGB at the prevailing market rate.

This is different from the Crypto.com Exchange, which allows you to trade DGB with other traders.

There are 3 payment methods that you can use to buy DGB on Crypto.com:

1. Debit or credit card

You can use either a credit or debit card to purchase DGB directly.

This would probably the most efficient way of buying DGB. However, you will be charged a 3.5% fee if you’re from Singapore!

The fees are almost as expensive as buying from Coinhako.

Due to this high fee, it may not be worth buying DGB using your credit or debit card.

2. Crypto wallet

If you have other cryptocurrencies in your crypto wallet, you can use this to trade for SHIB.

You can only buy DGB from either CRO or BTC.

3. Fiat wallet

The final way that you can buy DGB on Crypto.com is via a fiat wallet.

Fiat money is government-issued currency that is not backed by a physical commodity, such as gold or silver, but rather by the government that issued it.

Investopedia

You can only buy DGB from either a EUR or AUD fiat account.

This is because there are only 8 cryptocurrencies that you can purchase from Xfers:

1. BTC
2. ETH
3. BCH
4. LTC
5. XRP
6. CRO
7. BNB
8. XSGD

If you want to buy DGB with SGD, here are the steps that you’ll need to do:

1. Buy CRO or BTC with SGD from your fiat wallet
2. Purchase DGB from CRO or BTC in your crypto wallet (method 2)

#5 Confirm the trade

When you confirm the details, Crypto.com will lock in the exchange rate for 15 seconds.

Once you confirm the trade, DGB will be credited to your account.

Verdict

Here are the fees that you’ll incur with Crypto.com:

Type of Fee	Amount
Deposit Fees	None
Trading Fees	None
SGD Withdrawal Fee	0.4% per withdrawal (Xfers)

The fees when trading with Crypto.com seem to be lower! However the spreads can be quite high.

A spread in trading is the difference between the buy (offer) and sell (bid) prices quoted for an asset.

IG Trading

When you make multiple trades on the Crypto.com app, you may lose some money due to the spread!

These costs can be hard to keep track, but it is something you’ll need to consider.

The Crypto.com App is very convenient as you can buy DGB with SGD. For the other methods, you aren’t able to do so, as these platforms do not support SGD.

The remaining exchanges do not support SGD

For the next few methods, they do not allow you to deposit SGD into their exchanges.

This means that you’ll have to buy a cryptocurrency from one exchange, and then send it to these exchanges.

The currency that you should buy is Bitcoin or Ethereum, which would have the most number of trading pairs.

However, you’ll need to consider the withdrawal fees that you’ll incur when sending your crypto on the blockchain.

Depending on the fees, it can be really hefty!

You can consider using Gemini’s Active Trader, which charges a rather low 0.35% trading fee. You are able to purchase either BTC or ETH from Gemini.

After that, you can send your BTC or ETH to any of the exchanges below. You will not be charged any withdrawal fees for up to 10 withdrawals per month.

Binance

Binance is one of the largest crypto exchanges in the world. You are able to trade many cryptocurrencies on their platform.

You can’t buy DGB using a credit card, nor directly from SGD. As such, you’ll need to use the altcoin method to buy this currency.

First, you’ll need to buy crypto from another exchange, and then deposit it into Binance.

The best currencies to deposit are BTC or USDT. This is because they have the most trading pairs available.

When you deposit your crypto, you’ll need to make sure that the address you’re sending to is correct.

If not, your crypto may be lost forever!

You can consider using the Binance P2P platform too

Instead of sending crypto from another platform, you can consider using Binance’s P2P platform as well.

This platform allows you to buy crypto from SGD, such as:

1. BTC
2. BNB
3. USDT

Using this method will help you to save on sending fees. However, there may be scammers that are on the platform.

As such, you’ll need to be very careful with who you’re trading with!

Make the trade from your crypto to DGB

After depositing your crypto, you’ll have to buy DGB on Binance’s trading platform.

Here are the trading pairs that you can trade for DGB on Binance:

1. DGB/BTC
2. DGB/USDT
3. DGB/BUSD
4. DGB/BNB

After selecting your trading pair, you can start to determine the details of your order.

You’ll need to decide on:

1. The price that you’d like to buy 1 DGB at
2. The amount of DGB you wish to buy

Once you make the trade, DGB will be credited into your account.

Verdict

Here are the fees that you’ll incur on Binance:

Fee	Amount
Trading Fee	Up to 0.1%
Withdrawal Fee	0.2 DGB

The trading fees on Binance are as low as Luno Exchange!

However, it is also quite a hassle to buy DGB on Binance if you’re from Singapore.

You’ll need to buy either BTC or USDT from a crypto exchange with fiat support, and then send it over to Binance.

As such, you should consider trying to find a way to reduce your costs as much as possible!

Bittrex

Bittrex was founded in 2014 and is headquartered in the USA.

They are one of the few exchanges that allows you to buy DGB on their platform.

Furthermore, they have the highest trading volume among all the other exchanges!

Here’s what you need to do to buy DGB on Bittrex:

1. Deposit BTC / USDT / ETH into Bittrex
2. Go to the ‘Markets’ tab and search for DGB
3. Enter the details of your trade
4. Execute the trade

#1 Deposit BTC / USDT / ETH into Bittrex

Bittrex does not support SGD on their platform.

However, you can deposit some currencies that have a trading pair with DGB, such as:

1. BTC
2. USDT
3. ETH
4. USD
5. EUR

You will need to go to ‘Holdings‘,

and then search for the currency you wish to deposit.

You will be given a wallet address that you can send your crypto to.

Do remember to double check the wallet address before sending your crypto!

#2 Go to the ‘Markets’ tab and search for DGB

Once you have deposited your crypto into Bittrex, you can start buying DGB from these currencies.

You’ll need to go to the ‘Markets‘ tab,

and then search for DGB.

You will see the available trading pairs for DGB.

#3 Enter the details of your trade

Once you have selected the trading pair, you will be directed to Bittrex’s trading platform.

It can seem quite overwhelming, but you’ll need to enter the details of your trade on the right-hand side.

There are 6 different order types that you can make:

1. Limit
2. Market
3. Stop Limit
4. Trailing
5. OCO
6. Ladder Limit

You’ll also need to include these details:

1. The price of BTC that you wish to buy 1 DGB at
2. The amount of DGB you wish to buy

#4 Execute the trade

After you’ve placed the order, it will go into Bittrex’s order book.

Once your trade has been completed, DGB will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading on Bittrex:

Fee	Amount
Trading Fees	Up to 0.35%
DGB Withdrawal Fee	0.2 DGB

The trading fee for Bittrex is much higher compared to the other platforms. As such, it may be more costly to trade on Bittrex!

KuCoin

KuCoin is another exchange that you can use to buy DGB. However, you will need to transfer a cryptocurrency from another platform first.

This is because KuCoin does not support any fiat currencies!

How to buy DigiByte on KuCoin

Here’s what you need to do to buy DGB on KuCoin:

1. Send your crypto to the KuCoin Main Account
2. Transfer your crypto to the Trading Account
3. Find a suitable trading pair
4. Select the price and quantity to buy DGB

#1 Send your crypto to the KuCoin Main Account

KuCoin does not support any fiat currencies. To fund your KuCoin account, you will need to send a cryptocurrency from another platform.

KuCoin supports 3 trading pairs with DGB:

1. DGB/USDT
2. DGB/ETH
3. DGB/BTC

As such, you will need to deposit either of these 3 currencies into your KuCoin account!

To deposit either coin into KuCoin, you will need to go to ‘Deposit‘.

You can use the dropdown menu to select BTC / ETH / USDT.

From there, you will be given a deposit address to send your crypto to.

If you are copying the address manually, you may want to double check that it is the correct address!

#2 Transfer your crypto to the Trading Account

When you deposit your currency into KuCoin, it will be transferred to your Main Account.

If you wish to trade your currency to DGB, you’ll need to transfer it to your Trading Account.

#3 Find a suitable trading pair

After you’ve transferred your crypto to your Trading Account, you can go to KuCoin’s Spot Exchange.

The exchange may seem to be rather overwhelming.

You will need to go to the top left hand corner to select a DGB trading pair.

#4 Select the price and quantity to buy DGB

After you’ve selected your DGB trading pair, you can proceed to make the order.

KuCoin allows you to make 4 different orders:

1. Limit
2. Market
3. Stop Limit
4. Stop Market

The last 2 things you’ll need to do is to:

1. Select the price that you’d like to buy 1 DGB at
2. The amount of DGB that you wish to buy

When your trade is completed, DGB will be credited into your account.

Verdict

Here are the fees that you’ll incur when buying and sending DGB on KuCoin:

Fee	Amount
Trading Fees	Up to 0.1%
DGB Withdrawal Fee	1 DGB

The trading fees are similar to Binance. However, KuCoin charges a higher withdrawal fee for DGB!

Huobi

Huobi is another crypto exchange that allows you to trade a variety of cryptocurrencies.

Since they do not allow you to deposit SGD onto their platform, you’ll need to deposit another cryptocurrency into the exchange first.

Here’s what you’ll need to do to buy DGB on Huobi:

1. Deposit BTC into Huobi
2. Select a trading pair with DGB
3. Select the type of order you wish to make
4. Select the quantity of DGB you wish to buy

#1 Deposit a cryptocurrency into Huobi

First, you’ll need to go to ‘Balances → Exchange Account‘.

This is where you will deposit your crypto to.

You can choose a wider variety of cryptocurrencies to deposit into Huobi, compared to Binance.

The only DGB trading pair that Huobi has is DGB/BTC. As such, you should only deposit BTC if you want to buy DGB.

#2 Select a trading pair with DGB

After depositing your crypto, you can start trading it.

If you just want to trade your crypto, you can go to ‘Spot Trading → Exchange‘.

You’ll be brought to the exchange platform, which can be rather overwhelming.

You’ll need to search for the DGB/BTC trading pair, which can be done at the left hand side of the platform.

#3 Select the type of order you wish to make

After you’ve selected your trading pair, you would need to select the order type that you wish to make:

1. Limit
2. Market
3. Stop-Limit
4. Trigger Order

Limit orders allow you to determine the price you wish to buy or sell your crypto. Meanwhile, market orders will buy your crypto at the prevailing market rate.

#4 Select the quantity of DGB you wish to buy

After you’ve selected your order, you’ll need to select the amount of DGB you wish to buy.

Once the trade has been executed, DGB will be credited into your account.

Verdict

Here are the fees that you’ll incur when trading with Huobi:

Type of Fee	Fee Amount
Trading Fees	From 0.20%
Withdrawal Fees	Depends on currency

Huobi charges a higher trading fee compared to Binance or KuCoin. As such, you may want to choose either platform first, before using Huobi.

OKEx

OKEx is another crypto exchange that you can consider buying DGB from.

Here’s how you can buy DGB on OKEx:

1. Deposit USDT or BTC into OKEx
2. Select a trading pair with DGB
3. Enter the details of your trade
4. Execute the trade

#1 Deposit USDT or BTC into OKEx

OKEx offers a DGB trading pair with either USDT or BTC.

As such, you should only be depositing either of these currencies into OKEx!

You’ll need to go to ‘Assets → Deposit‘,

and then select USDT or BTC as the currency you wish to deposit.

There are 4 different USDT networks that you can deposit your USDT into OKEx:

1. USDT-TRC20
2. USDT-ERC20
3. USDT-ALGO
4. USDT-OKExChain

Usually, most of your USDT should be ERC20 tokens on the Ethereum blockchain. It’ll be good if you double check which network your USDT is on.

If you send your USDT to the wrong address, it will be lost forever!

You can buy USDT from your credit card, but the fees may be expensive

Another way that you can buy USDT or BTC on OKEx is by using a credit card.

You’ll need to choose an external payment provider.

The fees that you incur may vary between these payment providers.

While it is more convenient, the amount of fees that you pay may be quite high!

#2 Select a trading pair with DGB

Once you have BTC or USDT in your OKEx account, you can start trading DGB.

You’ll need to go to ‘Trade → Basic Trading‘,

which brings you to OKEx’s trading platform.

You will need to select the DGB/USDT or DGB/BTC trading pair from the search bar.

#3 Enter the details of your trade

You are able to make 5 different types of orders you can make on OKEx:

1. Limit
2. Market
3. Stop
4. Trigger
5. Advanced Limit

You’ll also need to enter:

1. The price that you want to pay for 1 DGB
2. The amount of DGB you want to buy

#4 Execute the trade

Once your trade has been executed, DGB will be credited into your account.

Verdict

OKEx charges up to 0.1% for their trading fees.

This is slightly cheaper compared to Huobi!

You can consider using either OKEx, Binance or KuCoin, since they charge lower trading fees compared to the other platforms.

It really depends on which platform you’re more familiar with!

Conclusion

Currently, there is no possible way for you to buy DGB directly from SGD.

The closest way is via the Crypto.com App, which allows you to make 2 trades to buy DGB from SGD.

For the remaining 5 exchanges, you’ll need to deposit a cryptocurrency into their platform first to make the trade.

This is because these platforms do not support SGD deposits!

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