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How to Buy DubaiCoin-DBIX

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Step-by-step instructions on how to buy DBIX for Canadian dollars or cryptocurrency.

DubaiCoin-DBIX is a well-known cryptocurrency that trades using the ticker symbol DBIX . It uses the Dagger-Hashimoto algorithm and Proof of Work for mining new coins, similar to Bitcoin mining. DubaiCoin-DBIX was founded on 2018-03-03. While Coinsquare does not support this token, it may be purchased on other trading platforms for any major cryptocurrency, like BTC, ETH, and XRP or fiat currency such as Canadian dollar, US dollar, and Euro. To learn how to buy DubaiCoin-DBIX / DBIX, scroll down to the “How to buy DBIX section”.

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While DubaiCoin-DBIX is not Bitcoin, the most well-known cryptocurrency, it has a large community. When comparing DubaiCoin-DBIX to Bitcoin, you may notice the price change is significantly different. To see more about DubaiCoin-DBIX’s price, check out their CoinMarketCap page. On CoinMarketCap, you can see the exchange rate for DBIX to BTC, or Bitcoin.

There is a max supply of 2,232,901 DBIX that will ever be available, based on mining efforts through the Proof of Work miners. This means learning how to buy DubaiCoin-DBIX / DBIX is relatively time sensitive as all coins could in theory be purchased at some point in the future. Don’t worry, though, that’s likely decades away for most major cryptocurrencies. However, new coins will becoming more rare as time goes on given DBIX’s increasing difficulty to mine every 1 block, which is built into the underlying blockchain technology of DubaiCoin-DBIX.

All of these factors and more generally contribute to cryptocurrency prices, which is a key data point to know when buying DubaiCoin-DBIX / DBIX. An official system of cryptocurrency was built by the founder of Bitcoin, a mysterious figure known as Satoshi Nakamoto. This person, or group of people, is unknown but put into the world the blockchain technology system we have today. Satoshi Nakamoto added maturity to the idea of crypto mining, Bitcoin wallets, and more. Other influencers like Vitalik Buterin, founder of Ethereum and Ether, brought forth things like smart contracts, which paved the way for cloud mining.

Scroll down to learn more about DubaiCoin-DBIX / DBIX.

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Step by Step Guide to Buy DubaiCoin-DBIX

Most users who buy DBIX do so with Bitcoin (BTC) or Ethereum (ETH). While you unfortunately cannot buy DBIX directly on Coinsquare, you can use Coinsquare to purchase Bitcoin or Ethereum, which can then be used to purchase DBIX.

To buy DubaiCoin-DBIX, simply follow these steps:

1

Sign up on Coinsquare, verifying your account

This is the first step to buying DBIX. Verifying your account ensures that we properly connect your funds to your account.

2

Fund your Coinsquare account using fiat currency such as Euro or Canadian dollar

Funding is like putting gas into a car - it helps you get where you want to go.

3

Use the fiat currency in your Coinsquare account to purchase Bitcoin or Ethereum

Bitcoin and Ethereum are the two of the most widely-accepted cryptocurrencies, so that should make it easier for you to trade for DubaiCoin-DBIX.

4

Withdraw your Bitcoin or Ethereum to your private wallet or an altcoin exchange that you can use to purchase DBIX

This is the final step of the process to trade fiat currency like dollars for DBIX.

You can also use Coinsquare’s Referral Program to earn Bitcoin for referring your friends to Coinsquare. You will be paid in Bitcoin in real time directly to your Coinsquare account, meaning you can use the BTC you earned to transfer to your private wallet or an altcoin exchange that you can use to purchase DBIX.

When you are ready to cash out of your DBIX position, sell your DBIX back for Bitcoin or Ethereum. Move your Bitcoin or Ethereum back to Coinsquare, sell it for the fiat currency of your choice, and withdraw your fiat currency into your bank account.Refer Your Friends

* The preceeding in no way is to be constituted as advice, promotion or endorsement of DBIX by Coinsquare, its employees or any of its affiliates. Coinsquare takes no responsibility for any decision to buy/sell DBIX nor does it endores or otherwise recommend the trading of DBIX. Individuals are encouraged to research and make an informed decision before buying any crypto currency.

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