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How to buy bitcoin in Brazil

Brazil
Bitcoin

Since the advent of the first cryptocurrency, Brazil has been one of the countries actively supporting digital payments. Statistics show that 81% of the bank customers in Brazil are aware of cryptocurrencies, and 54% are interested in investments, which allows bitcoin to develop freely in South America.

The Brazilian authorities believe that the legalization and control of cryptocurrency will help solve the problems with the depreciation of the national currency: a strict regulatory framework and trade responsibility allow regulating the movement of bitcoin around the country and protect users of more than ten million in Brazil from the financial losses.

Thanks to the active cryptocurrency development policy, people have become more likely to use the services of online services. One of these services is Itez, a simple and convenient tool for acquiring cryptocurrencies from anywhere in the world. Brazilian users prefer Itez because of the ability to exchange bitcoin without hidden fees and overpricing, which is especially relevant in today's conditions. In order to also become a client of this service, it is enough to go through a few steps of a simple step-by-step instruction presented on the site.

How to buy Bitcoin on Itez:
step-by-step instruction
1.

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 50 USD. By the way, the same applies to the euro - the starting purchase threshold starts at €50. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.

2.

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.

3.

Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.

4.

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:

5.

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.

6.

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.

7.

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.

8.

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.

Banks

Banks: The list of Brazilian banks is topped by the private bank Itau Unibanco, which is the leader in terms of assets. The second and third places are occupied by the state Bank of Brazil and the private Banco Bradesco (BBD). The list includes not only national banks, but also banks with foreign capital: Citibank (American bank), HSBC (English bank) and Santander (Spanish bank)

Bank cards

Brazil is assessed by experts as a favorable zone for the development of digital payments: 60% of all the card transactions go through the country's residents, and this number continues to grow. The most popular payment systems for goods in Brazil are international Visa and MasterCard, PayPal and American Express, Apple Pay and Google Pay, as well as the local, but no less popular, Boleto Bancario payment system.

How to store bitcoin

Brazilian users are especially attentive to the preservation of finances. To do this, they use the services of special electronic wallets to protect bitcoin from scammers. A complete list of all available bitcoin wallets can be found on the website bitcoin.org

Itez
About Itez

Itez is an instant bitcoin purchase resource. Itez is a certified operator holding a license to sell and store cryptocurrencies of a financial regulator from Estonia. What does this give to customers?

First of all it is safety, since the operator is fully responsible for the risks. He conducts a compliance check, provides cryptocurrency on time and is always in touch with customers, if the need arises. Secondly, it`s efficient. The average time for receiving bitcoin to a client's account is a quarter of an hour. For comparison, let's take similar services Indacoin and MoonPay: when working with them, the time it takes for bitcoin to be credited to the client's electronic wallet will take for about an hour - it depends on how busy the network is. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the BTC value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final BTC value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.

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