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How to buy Ethereum in India

India
Ethereum

Ethereum is the second most popular cryptocurrency, the main feature of which is the ability to create smart contracts.

Unlike bitcoin, the main idea of ​​Ethereum is not money independent of the state, but an economic system independent of the state. This system can be used in many ways, such as voting, supporting global supply chains, medical and financial databases etc.

The value of Ethereum is determined by the fact that currently, identification and security control of processes in other cryptocurrencies can take several days, while in Ethereum it happens almost instantly. The ability to buy ether on Itez is an opportunity to take advantage of new resources that will appear in the near future.

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 Central Bank of India previously imposed a ban on cryptocurrency transactions for credit institutions. However, there are 15-20 million cryptocurrency holders in India at the moment, which is significantly higher than in European countries. As a result of the increased interest in digital assets, including to Ether, banks of India decided not to abandon trading, but to add a cryptocurrency tax to the legislative system.

The five largest banks in India include the following: State Bank of India — the largest state-owned bank in India by market capitalization and profit; ICICI Bank which is the second largest private bank in India; HDFC Bank; Punjab National Bank — one of the oldest banks; Axis Bank.

Bank cards

To purchase Ether, it will be more convenient to use cards of international payment systems: Visa, MasterCard or Maestro. Paytm, an Indian company that specializes in digital payments, can also be added to this list.

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; Mist; Ledger Nano S; Jaxx; Metamask.

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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