Simple Guide to the Best Digibyte Wallets in 2024
Digibyte is а well known project because of its reputation and long history that began in early 2014. Nowadays the number of available wallets where you can store Digibyte increased significantly altogether with all implementations and improvements on its network. To control and coordinate your coins you need to get your hand on a wallet compatible for that purpose. If you allow me, I will show you detailed Digibyte wallet reviews which I prepared to ease your journey and get you prepared for any case scenario.
01.The Best Digibyte Wallets
I will go step by step, starting with those wallets which fall under the criteria of best Digibyte wallets. In addition to that, I want to add that the choice of service provider depends strictly on your personal needs and desires. My goal is to synthesize and unite the information sources and provide the needed knowledge to you, so you can choose and pick a wallet suiting your needs. After I present the top Digibyte wallets to you I will show you the differences between them because they are hidden in their features. The main purpose of the wallets is to assist you control and store your digital assets and all wallets do that, but the development is what makes difference at the end. Okay, take a closer look at the table below, explore it and if you are curious about something, just click the quick buttons and see what extra surprises I prepared for you.
| Type | Name | Compatibility | Supported Coins | Features | Get Wallet |
|---|---|---|---|---|---|
| Desktop Wallets | Full Digibyte Core Review |
DGB only |
-HD Wallet -SegWit Support -Block Production |
Download | |
| Full Exodus Review |
25 Coins 79 Tokens |
-HD Wallet -Built-in Exchange -QR Scanner |
Download | ||
| Hardware Wallets | Full Ledger Nano S Review |
80+ Coins 1100+ Tokens |
-HD Wallet -SegWit Support -Open-source |
See Pricing | |
| Full Trezor One Review |
50+ Coins 1000+ Tokens |
-HD Wallet -Offline Storage -Third Party wallets and Service Integration |
See Pricing | ||
| Mobile Wallets | Full Jaxx Liberty Review |
14 Coins 59 Tokens |
-Built-In Exchange -HD Wallet |
Download | |
| Full Digibyte Mobile Review |
DGB DigiAssets |
-HD Wallet -DigiAssets -Digi-ID |
Download | ||
| Web Wallets | Full Digibyte Go Review |
DGB DigiAssets |
-HD Wallet -Multisig |
Visit Website |
Complete List of Digibyte Wallets
I know that trust is built with time, so I don’t expect you to follow my examples starting from now. That’s why I decided that it will be best if I sort out all wallets on the market and present them to you in a proper manner. By this way you will be able to soak the information, judge by your own opinion and of course choose based on your personal preferences. Immediately after the table, you will find my key perks which I use to pick a wallet for myself.
| Name | Type | Compatibility | Supported Coins | Secutiry | Key Features |
|---|---|---|---|---|---|
| DigiByte Core | Desktop |
DGB only |
Passphrase |
-HD Wallet -SegWit Support -Block Production |
|
| DigiByte | Mobile |
DGB only |
Pin Fingerprint |
-HD Wallet -DigiAssets -Digi-ID |
|
| DigiByte GO | Web |
DGB only |
Passphrase |
-HD Wallet -Multisig |
|
| Atomic | Desktop, Mobile |
30+ Coins 1000+ Tokens |
Passphrase |
-HD Wallet -Atomic Swap -Fiat Gateway |
|
| CoinPayments | Mobile |
80+ Coins 1000+ Tokens |
Passphrase Pin Fingerprint |
-SegWit Support -Fiat Gateway -PayByName feature |
|
| Crypto Key Stack Hardware Wallet | Hardware | – |
1000+ Coins |
– |
-HD Wallet -Cold Storage -Fireproof, Waterproof, EMP Proof |
| DigiCafe | Mobile, Web |
DGB Only |
Passphrase |
-Auto-sell via Bittrex |
|
| Edge | Mobile |
20+ Coins 1000+ Coins |
Passphrase Pin Fingerprint 2FA |
-Built-in Exchange -Node Selection |
|
| Exodus | Desktop, Mobile |
25 Coins 79 Tokens |
Passphrase Fingerprint |
-HD Wallet -Built-in Exchange -QR Scanner |
|
| Guarda Wallet | Desktop, Mobile, Web |
40+ Coins 1000+ Tokens |
Passphrase Fingerprint |
-Built-in Exchange -Fiat Gateway -Built-in Asset Swap |
|
| Jaxx Liberty | Desktop, Mobile, Web |
14 Coins 59 Tokens |
Passphrase |
-Built-in Exchange -Fiat Gateway -Built-in Asset Swap |
My advice is to take your time and go once, twice or three times if necessary, through all the details before you take a final decision with which DGB wallet to go ahead. I want to draw your attention and give you food for your thoughts, you must think over several important points and then you will be ready to pick a wallet. First, you need to decide how often and how big the investment of yours will be because accessibility is related to security and they exclude each other at some point. The most user-friendly and available anywhere, anytime are the mobile wallets but on the other side, exactly that constant connection to the internet expose them to many dangers. So, the conclusion is that for daily basis mobile versions are perfect but if you are planning to play hard and invest hugely, just seek for hardware wallet to keep the security of yours on a top-notch level. One more thing to consider, how often you want to withdraw funds out of the wallet. Some wallets have higher thresholds regarding that matter which is okay but if you want to cash out frequently, it might become a tiny obstacle for you.
02. Common Features of Digibyte Wallets
In between all features, there are some of which I distinguish as common, but most of them are related to the security measures explained in the next paragraph. Almost all of the Digibyte wallets support HD (Hierarchical Deterministic) functionality, while Fingerprint authentication and Open-Source-Code you can find in roughly half of them.
Security and Privacy
The features with great importance and contribution to you DGB wallet security and privacy are explained in the fields underneath. Meanwhile, I want to draw your attention to another alternative feature conducted by different digital wallets service providers.
Hierarchical Deterministic (HD)
It provides the option to create a secret combination of words called “seed” which can be used to recover the access to your account in case of a lost or stolen password.
Two-Factor Authentication (2FA)
It appears to be a mobile app attached to your wallets account which is generating random 6-12 digits number needed as a second password while logging in.
Open Source
A very popular term in the digital worlds related to the participation of all user in the development process. All users can suggest changes and improvements to the governance and the community.
Secure Digibyte Wallets To Consider
Transaction Fee Management
With most of the Digibyte wallets it is optional to choose or amend your transaction fees but from an overall point of perspective, there’s no such need. That’s because the average block time is 15 seconds which makes the transactions almost instant and with final fee of 0.0001 DGB. Otherwise, while speaking of options, some wallets provide full control of the fees meaning that you can adjust them manually anytime. Some other wallets offer 2 or 3 options but no manual control. With the wallets coming with crypto exchange registrations, all fees are predetermined and not adjustable.
| Fee Control | How Does It Work? | Supported By |
|---|---|---|
| Full Control | These types of wallets allow you to manually adjust your transaction fees. | Digibyte Core, Ledger Nano S |
| Partial Control | These wallets allow you to adjust your transaction fees based on their “recommended” fees. | Jaxx, Exodus |
| No Control | These wallets usually determine the transaction fees based on how busy the network is or straight up offer only a fixed fee. | CoinPayments |
03.FAQ
-
What are the five algorithms, and which one is the most profitable to mine?
The algorithms are SHA256, Scrypt, Skein, Qubit, and Groestl. The second part of the questions is tightly related to your mining gear and the current hashrate of each algorithm. It will be best to check those stats before you choose your mining priorities because they are changing each day.
-
Why should I use my own wallet for collecting the mined coins instead of using an online wallet (e.g. exchanges)?
It is a question of security and safety. Using a desktop or mobile wallet ensures the integrity of your funds since there’s no 3rd party involved in the process, your information is safe.
04.About Digibyte
Originally, Digibyte was developed in 2013 and officially released in January 2014. It is an open-source decentralized blockchain based on the Bitcoin code but with improved functionalities. It appears to be one of the longest UTXO blockchain in the world with 15 seconds block time and improved security. The network is capable of handling more than 560 transactions per second, every 2 years the blockchain`s dynamic system increases the number by doubling the block size. By using the same method, it is expected that in 2035 the maximum capability will be 280,000 transactions per one second.
The creator of Digibyte is called Jared Tate, his main goal is to provide a better secured, faster and wider community than Bitcoin. The genesis block was mined in 2014 with premining included as an option in order to pay developers and early adopters. Digybyte was the first blockchain which forked from a single Proof-Of-Work to a multi-algorithm mining process. It gives you the opportunity to choose between five different hashing functions: SHA256, Scrypt, Groestl, Skein, and Qubit. Respectively the first two are ASIC friendly and the rest are minable with GPU. In 2017, there were over 8 billion Digebyte coins with a maximum capacity of 21 billion coins set to be reached in 2035. The main purpose of that is to reach a deliberate ratio of 1:1000 to Bitcoin.