DubaiCoin Price, News and Analysis (DBIX)

DubaiCoin (DBIX) Frequently Asked Questions

What is DubaiCoin?

DBIX is an advanced version of DubaiCoin with improved security and greater efficiency to support money transfers and global payments, along with fueling the Arabian Chain platform. It's a Proof of Work cryptocurrency based on the Dagger-Hashimoto algorithm. (Description provided by CryptoCompare)

How do I buy DubaiCoin?

It is not possible to buy all cryptocurrencies with U.S. dollars. Bitcoin, Bitcoin Cash, Ethereum, Litecoin and other popular cryptocurrencies can be purchased with U.S. dollars using Coinbase or BlockFi. Once you have purchased Bitcoin using Coinbase, you can then transfer your Bitcoin to an exchange such as Binance to purchase other cryptocurrencies, including DubaiCoin.

Where can I get DubaiCoin wallet?

DubaiCoin produces its own wallet software that is available for download on its website, which allows you to store DubaiCoin on your computer. For maximum security, you can store your cryptocurrencies on a dedicated hardware wallet such as a TREZOR wallet or a Ledger Nano X. If you do not wish to buy a hardware wallet, you may consider using a mobile wallet such as Atomic Wallet, Jaxx, or Coinomi to store multiple cryptocurrencies with some added security benefits.

What is the value of DubaiCoin?

One DubaiCoin (DBIX) is currently worth $1.20 on major cryptocurrency exchanges. You can also exchange one DubaiCoin for 0.00003094 bitcoin(s) on major exchanges. The value (or market capitalization) of all available DubaiCoin in U.S. dollars is $5.12 million.

What hashing algorithm does DubaiCoin use?

DubaiCoin is a proof of work (PoW) coin that uses the Proof of Stake algorithm.

How do I mine DubaiCoin?

DubaiCoin can be mined using specialized mining software. XMR Stak is a commonly-used mining tool that works for CPU mining and GPU mining with both Nvidia and AMD graphics cards. CCMiner is another popular mining tool for computers with NVIDIA graphics cards. In addition to having mining software, you will need a DubaiCoin and access to a mining pool that pools your effort with other miners and a wallet to store the DubaiCoin that you earn from mining. Most cryptocurrencies have multiple publicly-available mining pools that can be found with a simple Google search.

What coins are similar to DubaiCoin?

The following coins use the same hashing algorithm (Proof of Stake) as DubaiCoin: Waves, Qtum, WhiteCoin, Lisk, BitBay, Sentinel Protocol, Neblio, Nxt, Blocknet, Radium, BlackCoin, TransferCoin, NuShares, Energycoin and Global Currency Reserve.

What is the Reddit page for DubaiCoin?

The official Reddit community (subreddit) for DubaiCoin is r/ArabianChain.