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How to buy Ethereum in Egypt

Egypt
Ethereum

Despite the fact that every year cryptocurrency is firmly introduced into various areas of life and becomes an independent means of payment, some states still prohibit the use of the digital assets. For a long time, Egypt, one of the largest and most developed countries in Northeast Africa and the Middle East, was on the list of such countries. However, recently, for the first time, a mention of financial technologies appeared in the bill as a way to help the country keep pace with progress in the global banking industry which is a mention of crypto exchanges and crypto companies. The reason for such reforms was not only an increase in the number of Ethereum holders in the state, but also the positive changes in the growth of the second largest cryptocurrency.

Thanks to the Itez platform, the user can receive a high-quality service and support at every step of the buying of cryptocurrency. To do this, abide by a few simple stage according to the instructions

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 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 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.

In the Etherium network, confirmation is quite fast and in most cases takes no more than a minute.

Banks

The expansion of the influence of cryptocurrency in Egypt has contributed to an increase in the number of banks willing to cooperate with digital assets. Among the most popular are: Commercial International Bank (CIB) is a private financial institution that provides a variety of services; HSBC Bank Egypt which is one of the largest banks in the country; Barclays Bank Egypt, that is a division of the British bank Barclays Bank PLC.

Bank cards

In Egypt, cards of the international payment systems American Express, Mastercard, Diners Club and Visa are valid, which the user can issue at any bank in the world. These payment systems actively cooperate with Ethereum and consider the ability to work with cryptocurrency to be their strategic priority.

How to store Ethereum

How to store: The versatility of Ethereum secured a confident second place for the cryptocurrency in terms of capitalization. The value of the currency forces the owners to think about the safety of storage. The following e-wallets are suitable for this:

MyEtherWallet is the most famous storage wallet; Metamask which is fast and convenient to use and allows to store the keys on the user's personal computer. Ledger Nano S with the ability to connect a hardware Ethereum wallet to a smartphone or personal computer; Jaxx is a wallet that allows to store cryptocurrencies with access through a browser extension, desktop client or smartphone and tablet app.

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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