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How to buy bitcoin in Lithuania

Lithuania
Bitcoin

Common currency is issued by the state. It is not connected with anything - the state will print as much currency as it needs. Because of this, devaluation may begin in countries, and it will affect the decrease in the monetary unit in the country. Cryptocurrency is not associated with one state - it is completely separated from a specific location, and new units appear in the process of computers’ serving user requests.

Despite the fact that the Lithuanian government plans to tighten supervision of transactions, thanks to the supportive policy of the state, the cryptocurrency in Lithuania is popular and in demand - at any kiosk in the country, the user can purchase a voucher for a certain amount of bitcoins and exchange it on a special website.

Buy bitcoin using 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 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.

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.

Banks

At the moment, the ratio of local and international banks in Lithuania is approximately equal. According to the rating compiled in terms of profit and quality of work, the main banks in Lithuania are Swedbank, SEBbank, Luminor, Šiaulių bankas, Medicinos bankas, and it is quite easy to open a bank account in the country. However, for this, foreign citizens need a residence permit and registration as a resident - unlike other European banks, in particular neighboring Latvia, non-residents cannot open an account - the banking system of Lithuania does not provide for work with foreign clients.

Despite the diversity of the banking system and the quality of the services provided, when making a purchase on an exchange service, users of any financial institution in Lithuania can receive a high level of service - first of all, the state itself is focused on this.

Bank cards

Residents of Lithuania actively use electronic payment services, which allow them to make payments more conveniently and faster. With the help of advanced financial technologies, the trend towards the development of bitcoin will continue to grow.

In this regard, all credit and debit cards that are popular in Europe are accepted for payment - for example, Visa and Mastercard, as well as cards from local banks. However, any world-standard cards available on the territory of Lithuania are suitable for purchase through Itez.

How to store bitcoin

A key feature of cryptocurrency is a multi-stage form of information protection. In the case of the Itez platform, the user can be sure of the safety of funds - an outsider will not be able to use the currency without the permission of the owner of the bitcoin wallet. For a complete list of wallets, go to bitcoin.org