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How to buy Ethereum in Kenya

Kenya
Ethereum

In Africa an interest in digital currencies is growing rapidly, especially in Kenya. Many companies in Kenya are using blockchain to improve the quality of their services and are continually developing innovative products to improve financial inclusion.

Kenya is the leading African state in the ownership of cryptocurrencies, including Ethereum. This enables all users of Kenyan banks to participate seamlessly in blockchain-related transactions around the world.

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 €30. 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. 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, Ethereum 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 Ethereum network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.

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

Banks in Kenya are controlled by Banki Kuu ya Kenya or the Central Bank of Kenya (CBK). A wide range of financial products and services are offered by Equity Bank Kenya Limited, Standard Chartered Bank Kenya Limited and ABSA Bank — the largest banks in the country. Users of these and other Kenyan banks can purchase cryptocurrency and not worry about high commissions or income taxes — the policy regarding cryptocurrency in Kenya is quite loyal.

Bank cards

In addition to the well-known Visa and MasterCard, users can use the equally common payment systems PayPal, Payoneer and Payeer, or the local payment systems that are convenient for withdrawing money from cryptocurrency wallets.

How to store Ethereum

To work with cryptocurrencies a special software is required — an e-wallet integrated either into the software, or into the exchange, or hardware environment. This wallet allows the user to work with the blockchain and create transactions or receive transfers to their address. The list of the most popular cryptocurrency wallets includes the following: Blockchain.com MyEtherWallet; Trust Wallet; Jaxx; Metamask; Atomic Wallet; Mist; Ledger Nano S.