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How to buy bitcoin in Norway

Norway
Bitcoin

Since the advent of the first cryptocurrency in Norway, there has been an opinion that digital assets will not be able to replace the money that is controlled by the country's central banks. First this is due to the fact that bitcoin and other cryptocurrencies were considered an expensive and unstable tool for saving money.

But lately due to the increased interest of users in the position of bitcoin in the market, an increasing number of Norwegian banks are starting to cooperate with cryptocurrencies, regulating them in accordance with local laws.

To purchase cryptocurrency for euros, dollars or other currencies at the current market price, a client needs to go to the Itez official website and go through all the stages step-by-step, following a simple instruction:

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 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.

Verify 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

Due to the high standard of living and a strict legal system that ensures security and privacy, a significant number of users begin to open accounts in the Norwegian banks. To purchase cryptocurrency using a credit or debit card, the user has the opportunity to choose a more convenient and comfortable bank. Norway's major financial institutions include: DNB (by assets); Norwegian AS (by number of credit cards and deposit accounts); Handelsbanken (for online banking and lending); Storebrand Bank ASA (on long-term savings and insurance); Sparebank 1 SMN (investment finance and currency hedging). In addition to the above, BN Bank ASA, Skandiabanken, Sparebanken Møre and others are considered to be in demand.

Bank cards

In addition to the international payment systems, Norway has its own debit card scheme called BankAxept, which is shared with Visa and MasterCard. A feature of money transfers from Norway outside the country is their duration: sometimes it can take from one to two days. Despite this, BankAxept is widely used by users and accepted in any online and offline store.

How to store bitcoin

Working with such a valuable resource as cryptocurrency presupposes the availability of tools that can preserve this resource. The most convenient tool for this is an e-wallet. You can get acquainted with the list of electronic wallets, the advantages and disadvantages of each of them and choose the most suitable one for you at 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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