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How to buy bitcoin in Slovakia

Slovakia
Bitcoin

Now digital currencies are interesting not only for those who work in the field of IT technologies, but also for ordinary users. This can be easily explained: the digital currency is not affected by inflation, and it is an excellent way to increase capital. Cryptocurrency does not depend on the policy of any country or banks and therefore is relatively stable.

Slovakia is among the countries that have officially legalised bitcoin and other tokens and considers them as a means of exchange, trade and storage. In 2018 the government introduced amendments to the law regulating crypto business, thus strengthening control over this area. This trend can be traced in all EU countries. Following the EU laws, Slovakia recognizes that all actions with digital currency must be controlled by the government, and they must also be taxed. In addition, the country has special rules regarding the licensing of crypto business.

You can buy bitcoin in Slovakia using the Itez service. The purchase can be made with a regular bank card in euros, dollars, rubles and other fiat currency. Read about how to do this in our instructions.

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 main feature of the Slovak banking system is almost complete control by foreign investors. Most banks are either subsidiaries of European banks or their branches. Austria and Italy have the strongest influence on Slovakia's financial institutions.

Currently, there are about 30 banks operating in the country. The most popular ones are VÚB, Tatra banka, Slovenská sporiteľňa, UniCredit Bank, mBank, ČSOB, Poštová banka, Oberbank, Prima banka Slovensko.

Bank cards

Itez provides a simple and reliable process of buying bitcoin from a bank card for euros, dollars, rubles and other national currency. We accept debit and credit cards, as well as real and virtual cards of Visa, Mastercard, Maestro, American Express, Google Pay, Apple Pay, Samsung Pay payment systems.

How to store bitcoin

Users store bitcoin and other digital currencies using crypto wallets. Wallets are special services that use a multi-stage information protection system for the best safety of your funds. When registering, you need to come up with a complex password and write down an automatically generated seed phrase, as well as enable two-factor authentication for more reliability. You can get acquainted with the list of wallets and choose the most convenient one here: 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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