Skip to content

How & Where to Buy DigixDAO A Step-by-Step Guide to Buying DGD

  1. Sign up at CoinSwitch, the #1 rated DGD exchange.
  2. Fund your account with cash or crypto.
  3. Buy DigixDAODGD
  1. STEP 1Find the Best DGD Exchange
    • coinswitch reviews
      Ease of use
      Time to 1st Buy
      24h Volume
      $
      Coins
      361

      This mobile aggregator platform collects data from all major exchanges, making it possible to swap a large number of cryptocurrencies at highly competitive rates. Mobile app-only CoinSwitch Kuber is the most popular cryptocurrency exchange service in India, with over 4 million users. Hassle-free arbitrage and trading process.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      315

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to CoinSwitch and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase DigixDAO DigixDAODGD quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy DGD with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for DGD.

Frequently Asked Questions About Buying & Selling DigixDAO (DGD)

How do I Buy DGD with Crypto?

If you want to buy DGD with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for CoinSwitch and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to CoinSwitch.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell DigixDAO (DGD)?

To sell DGD, simply reverse the buying process described above. You will likely need to trade your DigixDAODGD into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

DigixDAO Research Center

DigixDAO Technical Details & Statistics

Tokenomics
  • Market Rank534
  • Market Cap47,308,583
  • Circulating Supply83,478
  • Total Supply83,478 DGD
Yesterday's Trading
  • 24 HR Volume7,083 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

What is DigixDAO

DigixDAO (DGD) is a peer to peer, open-source cryptocurrency which is issued against real gold, on the Ethereum network, using a Smart Contract. The original gold bullion which has been tokenized is kept in a safe house in Singapore.

History of DigixDAO

Digix was incorporated in Singapore in Dec 2014. In March 2015, Digix collaborated with Ethereum foundation to bring the network on Ethereum blockchain. In Jan 2016, the beta platform was launched on Frontier. The company is run by Teo Hye, Chng (Chairman), Kai Cheng, Chng (CEO) and Anthony Eufemio (CTO) all of whom come from impeccable backgrounds.

How DigixDAO Works

DigixDAO users can own tokens which are issued against real gold bullion. One a physical gold bar is owned by the company, it is registered as a digital asset and a gold asset card is created against that particular bullion bar. That asset card then goes via a minting software which creates Digix gold tokens (DGD). These tokens are then issued to the users who can buy, sell and trade these tokens.

When the user wants to return the tokens, it goes via Recast software which again creates a Gold asset card, containing all the detail of the original gold bullion. This can then be redeemed against the physical gold bullion. Each DGD token represents 1g of gold and each token can be divided into 1000 parts.

Why DigixDAO

  • Real Gold Tokenised: Digix tokens are issued against real gold, the first and original wealth measuring asset in the world. Almost all the Fiat currencies work against gold as well. That makes Digix coins valuable and have a real-world price.
  • High Standards: ValueMax Singapore, a public limited company, supplies London Bullion Market Association (LBMA) certified gold bullion bars to the Digix Marketplace, making it a very safe source of gold. Moreover, these bullions are stored at Singapore Safe House to make it ultra secure.
  • Stability of Ethereum: Digix works on the Ethereum network and utilizes Smart Contracts to execute the trading of the coins as well as the minting, recasting and digital asset card creation process. Ethereum Smart Contracts have proven to be the way forward.
  • Immutable Records: Every record of the digital asset creation, minting and trading of DGD coins are recorded on the blockchain and thus, these records are safe forever.
  • Full-fledged Coins: DGD coins can be traded on all the leading exchanges. Moreover, they can also be used to purchase products and pay for services.