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How to buy Ethereum in Estonia

Estonia
Ethereum

Estonia is one of the most stable and progressivecountries in terms of economy. Its government does not prohibit digital currency, but actively interacts with it. The country was among the first to adopt laws that facilitate the conduct of crypto business. The progressive jurisdiction of Estonia is loyal to crypto assets and blockchain technologies, which makes it possible for residents to launch startups and successfully develop them.

Ether is the second most popular cryptocurrency in the world, but now it is rapidly developing and may soon displace bitcoin and become a leader. Their difference is in the way of storing information, which allows transactions to take place many times faster, as well as in the way of existence: if bitcoin is just a currency, then ethereum is both a platform for creating decentralized applications and a real crypto economy that allows users to store, transfer, multiply and deposit assets.

It is quite simple to buy Ethereum in Estonia: there are even special machines for buying altcoins in the country. However, if you are not in Tallinn or Narva, you can purchase ETH distantly using the convenient Itez service. The instructions below will tell you how to do this.

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 largest part of the Estonian banking system is divided between two Swedish banks: SEB Pank AS and Swedbank AS. The number of local banks is not as large as that of neighboring Lithuania and Latvia. The most widely used are Krediidipank, Tallinna Äripank, Sampo Pank and Marfin Pank. All of these financial institutions provide a full range of banking services to both residents of the country and foreign citizens and organizations at a high-quality technical level. Estonia's banks are among the most stable in Europe, and the country's economy is interested in attracting investors (both local and foreign), for this there is even a special guarantee fund that ensures the safety of investments.

Bank cards

Itez allows you to buy Ethereum from a debit or credit bank card for euros, dollars, rubles and other national currency. Any world standard cards are suitable for purchase – real and virtual Visa, Mastercard, Maestro, American Express, as well as Google Pay, Apple Pay and Samsung Pay.

How to store Ethereum

Both the purchase of Ethereum and its storage process require a high level of security. For this purpose, special cryptocurrency wallets have been created: they protect the decentralized currency using a multi-stage system that includes a password, a seed phrase and a message with a code to your mobile phone. You can get acquainted with the list of crypto wallets for storing Ether here: ethereum.org/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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