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How to buy bitcoin in Czechia

Czechia
Bitcoin

Bitcoin is the world's first digital currency, and for more than a decade it has been a leader in the crypto world. Its rate is constantly growing, and capitalization reaches high values, which makes BTC a popular way of investing funds for developers, investors and ordinary users. Bitcoin and other altcoins do not depend on the politics of countries or on the fiat currencies we are familiar with, and that is why they are not subject to inflation, which makes the experts argue that the cryptocurrencies popularity will only increase.

The Government of the Czech Republic is quite progressive in the field of cryptocurrencies and suggests that their usage may be promising. Digital money is equated to assets and is subject to the usual income tax, which is typical for most EU countries. Nevertheless, the number of Czech organisations accepting tokens for payment is continuously growing, which means that it is possible to predict a change in the status of bitcoin. It is also noteworthy that for several years Czech has been in the status of a leading manufacturer of cryptocurrency machines.

Our convenient Itez service will help you to buy bitcoin in Czechia. You can do this anywhere in the world, directly from a bank card and for any national currency (euros, dollars). Detailed instructions can be found below.

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

The banking system of the Czech Republic is stable and reliable. The government itself ensures the safety of investment and in an emergency returns 90% of the deposit to all depositors, both residents and non–residents. Thanks to this approach, the country's financial institutions ensure high stability of the domestic economy. The largest banks in the Czech Republic are: Česká spořitelna, ČSOB Československá obchodní banka, Komerční banka, Air Bank, Poštovní spořitelna.

Bank cards

It is quite simple to buy bitcoin in the Czech Republic using the Itez service. Payment can be made with a regular bank card and for any fiat currency (euros, dollars and others). We work with banking systems that are popular all over the world. Those are Visa, Mastercard and Maestro, American Express, as well as virtual Google Pay, Apple Pay, Samsung Рay.

How to store bitcoin

To buy a cryptocurrency, you must first register a crypto wallet in which your digital assets will be stored. Each service has its own specifics, but they all provide powerful protection of user information, which leaves no chance for fraudsters. When registering, you need to come up with a strong password, as well as accurately write down a seed phrase that will be automatically generated on the site and shown only once. You can choose the most comfortable crypto wallet for your purposes 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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