DigiByte is the project that caught the interest of every crypto enthusiast and is often referred to as “Bitcoin on steroids.”
Due to its superior technicalities compared to Bitcoin and Ethereum, it is giving a serious run for their money to other crypto projects. With a working principle similar to Ethereum, DigiByte is 40 times faster than Bitcoin and is secured through 5 different hashing techniques.
Banking on its superior technical capabilities, DGB aims to become the world’s most used currency, replacing Bitcoin, which it considers as a mere store of value, rather than a potential currency.
I know you are already aware of all these things, and that’s why you are probably looking for a safe DigiByte wallet to store your DGB tokens.
I have few DGB tokens and for the long term safety of DGB tokens, here are the six best DGB wallets:
Best DigiByte (DGB) Wallets
Ledger Nano X
When it comes to securing cryptocurrencies, nothing comes closer to hardware wallets. And, Ledger is the leader in this segment and the name to trust upon.
The Ledger Nano X is a next-generation hardware wallet that allows you to trade on the go and manage 100 plus digital assets at the same time through the same device.
Its Bluetooth enabled feature allows it to connect with the Ledger Live mobile app and safely manage your holdings anytime and anywhere.
Priced at $119, the Ledger Nano X gives you that peace of mind when it comes to storing your digital assets, including DigiByte tokens.
Also, the recovery process is effortless with a 12-word recovery phrase provided to you during initialization, in case if you ever lose your device.
Trezor Model T
Trezor, an established name in the crypto storage space and offers the much-needed flexibility to its users by allowing storage of 1000+ cryptocurrencies in a single device.
The Model T, which describes itself as a next-generation cryptocurrency hardware wallet, is a universal vault for all your digital assets.
Be it storing and encrypting your cryptos or passwords or any other digital keys. It also manages your digital identity and has a password manager, U2F, GPG, SSH, and wallet.
Compared to Ledger Nano X, it features a touchscreen, that allows a convenient interface to verify and confirm all operations. Further, it has an excellent recovery process, where you can recover your entire holding by using the 12-word recovery phrase if you ever lose your device
Priced at EUR 149, Model T has a verified track record and has best-in-class security features to protect your digital assets and identity.
Exodus wallet is a great crypto storage option for beginners, and unlike Ledger and Trezor, it is a multicurrency wallet for desktop and mobile.
The assets in Exodus wallet are stored offline in Trezor wallet, which takes away the concern relating to storage security. The wallet also offers two main security features:
- User-end password protection
- Auto time-out feature after a selected time
Exodus supports more than 100 crypto assets, including DigiByte, and has many built-in features, which adds to the convenience of the users. Other benefits include:
- Live charts and portfolio
- Built-in exchange
- 24*7 human support
The built-in exchange allows you to trade between cryptocurrencies, directly from your wallet. The wallet is extremely user-friendly and a great option to store your DGB coins.
Magnum is a non-custodial type of multi-currency wallet, combined with a user-optimized interface and high functionality. It is not just limited to the safe storage of crypto assets, including DigiByte currency, but also enables you to multiply your funds.
Through staking or by claiming bounty airdrops, you can earn rewards. Further, the team is always on the lookout for finding ways to benefit users.
Other features include:
- The in-app exchange that allows to exchange your coins at lowest rates swiftly
- Truly decentralized, as it doesn’t have access to your private keys
- Supports integration of hardware wallet including Ledger and Trezor including the exchange capability
- Fully anonymous as none of your personal information is saved in the wallet at any time
With all combined features and capabilities, it makes Magnum a preferred wallet option for every crypto users and especially for DGB token holders.
DigiByte Go Wallet
The DigiByte Go is an official release from the DigiByte team and is a Chrome extension. It is considered one of the highly secure online wallet options for storing DGB coins.
The wallet is rebranded from the DigiByte Gaming wallet in October 2017 and was recognized as a gaming wallet. Some of the useful features of DigiByte Go wallet are:
- Easy set-up process and can be used within minutes
- Sending DGB through DigiByte Go wallet is lightning fast, and fees are also quite low
- Simple user-interface, making it easier to send and receive DGB coins.
It is a hot wallet, which is considered not a so-secure mode for storing cryptocurrency. Therefore, this option is suitable only for storing a small amount of DGB coins.
DigiByte Core is an official release from the DigiByte team and has more functionality than just being a wallet for storing DGB coins. The core wallet functions as a blockchain node, which helps to secure the entire DigiByte blockchain.
The wallet performs the essential functions of sending and receiving DGB coins. And, with over 1,00,000 downloads, users form one of the largest groups of nodes for DigiByte blockchain.
The wallet is relatively easy to use and shouldn’t be a problem understanding the functionality at first sight. Post download, you have to wait a bit to use it as the wallet takes time to sync with the entire blockchain because it is a full node wallet client for DigiByte.
Selecting the right wallet option is very important than just putting your assets in any wallet, without checking on its safety and utility.
For DGB, there are many wallet options, but you have to select based on your requirements and specifications.
If you are focusing on the security of your assets, then hardware wallets are probably the best ones. But, if you are looking for added benefits like an in-built exchange, earning rewards, then a third-party wallet is what you could consider.
Or, if you are looking for just a functional wallet, then DigiByte Core is the best option. You can also have multiple wallets that fit your requirements.
Therefore, whatever option you select, always give priority to the security standard than eye-popping wallet features.