DBangko is a decentralized web application that allows you to exchange your ethereums and tokens to the major crypto currencies such as Bitcoin, Ethereum, Dogecoin and Waves straight from cold wallet. This means that you do not need an account from us or from any exchange. Not only that, in the future DBangko will enable you to withdraw the USD equivalent of your ethereums or tokens through a range of payment services. This will make DBangko a cold wallet to Fiat service.
Our web application is based on the open source MyEtherWallet. It is very easy to use our app because it navigates the same way as the popular MyEtherWallet as it was built from it. With that, all of the matters concerning MyEtherWallet operations such as GWEI, gas price, cancellation of pending transactions, securing your wallet, etc… are all applicable here as well.
Your cold wallet (MyEtherWallet, MetaMask, Ledger, etc…) stores your ethereum coins and tokens. In order to exchange this to other coins/currency, it must be transferred to a hot wallet in exchange (Binance, Coinbase, etc…), perform an exchange to another coin or fiat currency then send that from the exchange to your personal wallet or bank in the case of fiat. The process requires several steps, additional accounts, and lots of user involvement.
Advantages of using DBangko:
- No need to have accounts in exchanges.
- No need to trade or be involved to get your money.
- Transactions are secured by SSL.
- Your private keys are safe, you can unlock your wallet before connecting to the internet. Then only connect to the internet when executing a withdraw transaction or when checking transaction status.
- Familiar interface. Our client website is derived from MyEtherWallet so its existing users will be familiar in navigating it.