Land Bank of the Philippines (also LBP) is a universal bank in the Philippines. It was opened in 1963 in Manila. Talking about assets, it is the second largest bank in the country. It is also the biggest government-owned bank. Its services mostly focus on farmers and fishermen and include finance and insurance.
The bank guarantees full safety of all money transactions. Concerning currency, now Bitcoin brings more profit than other ones. In the Philippines people have an opportunity to use cards of usual international payment systems including VISA, Mastercard, Maestro, Skrill etc. for buying cryptocurrency with Land Bank of the Philippines.
People of the Philippines can use both real debit and credit cards of Mastercard and VISA payment systems. In this country people also have an opportunity to purchase virtual cards which were made by special services.
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.
Confirm 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.
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.
In the Philippines you can buy Bitcoin (BTC) with any available bank card. BDO (Banco de Oro) is a leading Philippinian bank, followed by Metrobank, Landbank and BPI (Bank of the Philippine Islands).
Decentralization presents one of the most important peculiarities of bitcoin. With private key and seed phrase you will keep your digital money in safety. It is because of the fact that other people don't have an opportunity to use your bitcoin. If you want to see full list of wallets, follow bitcoin.org