How to buy DubaiCoin (DBIX) in 5 easy steps
Arabian Chain Technology, a UAE-based company, launched DubaiCoin (DBIX) in 2017. The project network is claimed to be open-source and decentralized. The community operates it. DBIX coin uses a Proof-of-Work consensus algorithm and, therefore, can be mined using a mining rig.
Our step-by-step guide on how to buy DubaiCoin (DBIX)
Step 1: Choose a Crypto Exchange Platform
DBIX is not yet listed in any of the major cryptocurrency exchanges worldwide. To own a DBIX token, you must first buy Bitcoin (BTC) and trade it with DubaiCoin. The only famous CEX where you can find DubaiCoin (DBIX)/ Bitcoin (BTC) pairs listed is HitBTC. Choose any of these exchanges according to location, convenience, trading frees, and deposit methods.
Step 2: Register on any of the platforms
Once you have selected the exchange, proceed to register yourself with the exchange and create an account. For registration, an exchange typically asks for your personal information, which includes your name, email, phone number, and permanent address. Before activating your account, provide the exchange with a valid ID proof for verification.
Step 3: Buy The Cryptocurrency Using Your Feasible Payment Method
After successfully opening an account with the crypto exchange, you must deposit funds to buy Bitcoin (BTC). You can choose a convenient payment mode between digital wallet transfer, peer-to-peer (P2P), credit card, debit card, bank transfer, or third-party payment service (sometimes payment modes vary with exchange). You can then use this BTC to trade in with DUBIX.
Step 4: Store the Cryptocurrency in a Wallet
After completing the transaction to buy DBIX, you can transfer it to your wallet for added security. In the exchange wallet, click withdraw DBIX and fill in the information, such as the transfer network, withdrawal wallet address, and the amount you want to transfer.
Check the fee details and hit withdraw. Then wait for DBIX to be visible in your digital wallet. Some wallets that support DBIX are
- MyEtherWallet,
- Ledger Stax,
- DubaicoinWallet.
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HitBTC, founded in 2013 by system developers and technology experts, is one of the oldest cryptocurrency exchanges. The exchange operates and believes in the value of reliability, security, and performance. HitBTC offers various trading tools, such as spot trading, futures trading, OTC, and swap service. The platform also provides features like cold storage and advanced API.
Factsheet
| Header 1 | Header 1 |
|---|---|
| Operational Since | 2013 |
| Deposit Methods | Credit card, wallet transfer |
| Deposit Fees | None |
| Cryptos Listed | 800+ trading pairs |
| Trading Fees | 0.1% Maker Fee and 0.25% Taker Fee |
| Fiat Currencies Supported | N/A |
| Trustworthiness | Safe |
Frequently Asked Questions
Where can you buy DubaiCoin with a credit or debit card?
You cannot buy DubaiCoin (DBIX) directly with your credit or debit card. However, you can buy a stablecoin like USDT, USDC, or a primary coin like BTC and then buy DubaiCoin (DBIX) through a crypto exchange like HitBTC.
What will you need to buy DubaiCoin?
One of the essential things you need for DubaiCoin (DBIX) is a primary coin such as Bitcoin. DubaiCoin is not listed on well-known exchanges, so you must trade it with Bitcoin (BTC).
To follow the above-given steps and buy DubaiCoin (DBIX), you will need a verified crypto exchange account (ID Proof), a debit/credit card to add funds and buy BTC, and a crypto wallet (to store and transfer DBIX).
What is the easiest way to buy DubaiCoin?
The easiest way to buy DubaiCoin (DBIX) is to make an account with a crypto exchange where DBIX is listed, such as HitBTC. After creating an account, deposit some funds and buy BTC or USDT. Then navigate to the trade section and buy DBIX under the BTC or USDT.
Best wallets to store your DubaiCoin (DBIX)
Transferring and storing your Crypto in a digital wallet is one of the best ways to secure your assets. To store your DBIX coin, you must choose a wallet compatible with DBIX coin with good security standards. Some recommendations for wallets to store your DBIX coin are MyEtherWallet, Ledger Stax, andDubaicoinWallet.
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