Bank of Baroda is the third biggest government-owned bank in India opened on 20 July 1908. Main services of the bank consist of consumer banking, corporate banking, finance and insurance, investment banking, mortgage loans, private banking, private equity, savings, securities, asset management, wealth management.
Direction of the bank ensures its clients fully safe financial operations. If choosing currency, now it is necessary to pay attention to cryptocurrency. Bitcoin at the moment is the most popular one.
There are many financial systems which people can use in India. They include worldwide used systems, like VISA, Mastercard, Maestro, Skrill etc. that will help to buy cryptocurrency with Bank of Baroda.
In India there is access to real debit and credit cards of Maestro, Mastercard and VISA payment systems. There is also an opportunity to purchase virtual cards issued by special services.
In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC based on the amount you plan to use for payment. The smallest purchase amount in dollar terms is 30 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.
After converting the currency to BTC, you will see the final result in the "You Get" field and on the "Buy" button. Click the button and enter your email address in the following window.
Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
Specify the purchase amount in the Itez dialog box. Copy the recipient address - your bitcoin wallet - from the “Accept” section.
Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin addresses problems, and if an error occurs during manual entry, all the buyer's funds may be lost.
For example, this is how the copy address button looks like in the Exodus wallet:
After copying the bitcoin wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
After pushing the “Card details” button, enter the required card information: card number and expiration date, the cardholder name and CVC-code — three numbers on the back of the card.
Push the “Pay” button and enter the one-time bank code in the following window. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.
Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.
In India you can buy Bitcoin (BTC) with any Indian bank card. HDFC Bank is the largest private bank, followed by State Bank of India, ICICI Bank and Axis Bank. .
Decentralization represents an important peculiarity of bitcoin. With a private key and a seed phrase in hands, your funds will be surely in safety, because other people cannot use your bitcoin. If you want to see a complete list of wallets, visit bitcoin.org