How to buy bitcoin in Dominican Republic
The authorities of the Dominican Republic are closely monitoring the development of digital assets and their appearance on the national market. Bitcoin, like other cryptocurrencies, is not yet recognized as a means of payment in the country and has no legal force.
Despite this, operations with cryptocurrencies are not prohibited in the country: for this, users turn to international online platforms, interaction with which does not depend on citizenship and location. Among the services that are consistently popular among users is Itez, known for its high quality of service and fast transaction processing. The site provides detailed instructions on how to buy bitcoin with credit card, and round-the-clock support ensures a comfortable and affordable use of the service when buying cryptocurrency.
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.
Verify 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.
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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.
The banking system in the Dominican Republic is quite developed and stable. The most famous and large banks include Banco Central, Banco Reservas, BHD, Banco Leon, Progresso and Scotiabank and other smaller banks.
Banks in the Dominican Republic offer credit and debit cards of Visa, Maestro, MasterCard, American Express and other payment systems. The cards of these systems are not blocked when making transactions, and users can be sure that tokens are credited to the account.
An important feature of cryptocurrency is the reliability of information storage. In the case of such a valuable asset as Bitcoin, users are advised to use the services of the electronic wallet, a special tool for storage. You can see the full list of wallets for Bitcoin at the link below: https://bitcoin.org/ru/choose-your-wallet
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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