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How to buy Ethereum in Dominican Republic

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Ethereum

At the moment, the authorities of the Dominican Republic have clearly outlined the status of cryptocurrency. Legislative documents state that only the national currency is considered the only possible payment for goods and services. Despite this, transactions with Ethereum, like other digital assets, are not prohibited in the country: for this, users of Dominican banks turn to international exchange services. Among these services is Itez, the work with which is intuitive for users with any level of knowledge, skills and abilities. In addition, the site has round-the-clock technical support, which ensures comfortable interaction with cryptocurrencies.

Using step-by-step instructions, you can easily and safely buy Ethereum directly from your bank card.

How to buy Ethereum on Itez:
step-by-step instruction
1.

In order to buy Ethereum, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of ETH 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 €50. Well, in our instructions, as promised, we will go through all the stages of purchase ETH for dollars step by step.

2.

After converting the currency to ETH, 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 Ethereum wallet - from the “Accept” section.

Important: you should not manually copy the Ethereum wallet address. The blockchain system does not give any information about Ethereum 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 Ethereum 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. 

After making a payment on the Itez website, you will immediately be able to see the Ethereum in your wallet.

8.

The transaction will first wait for confirmations from the blockchain network.

On the Ethereum network, confirmation is quite fast and in most cases takes no more than a few minutes.

Banks

The banking sector in the Dominican Republic is considered one of the most stable in the Caribbean. The Central Bank controls the position of the national currency and does not block transactions related to digital assets, which underlines the sufficient loyalty of the country to cryptocurrencies. The most famous and largest banks are Banco Central, Banco Reservas, BHD, Banco Leon, Progresso and Scotiabank.

Bank cards

Dominican banks offer services to users of payment systems Visa, Maestro, MasterCard, American Express and other payment systems, which are loyal to cooperation with cryptocurrency with no hidden fees or increased taxes.

How to store Ethereum

Since Dominican users purchase currency that is not legally valid in the country, they are especially careful about security. In order not to lose money, users interact with special electronic wallets, the features of which are suitable for Ethereum. You can see the list of wallets here: https://ethereum.org/en/wallets/

Itez
About Itez:

Itez is an instant ethereum 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 time of receipt of Ethereum to the client's account is no more than a minute). Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the ETH value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final ETH, USDT value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.

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