ICICI Bank is one of the Big Four banks of India. It was established on 5 January 1994. It offers a lot of different services including retail banking, corporate banking, investment banking, mortgage loans, private banking, wealth management, credit cards, finance and insurance.
This bank guarantees that its financial operations are fully safe. Talking about currency, at the moment cryptocurrency is very popular (especially, Bitcoin).
There are a lot of various money systems which can be used by people in India. The most popular systems are VISA, Mastercard, Maestro, Skrill etc. They will help to purchase cryptocurrency with ICICI Bank.
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.
The transaction will first wait for confirmations from the blockchain network.
After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes.
This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload.
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