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How to buy Ethereum in Latvia

Latvia
Ethereum

Ethereum is a decentralized platform that operates on the basis of so-called "smart contracts". It is the second most popular and capitalized cryptocurrency in the world. In comparison with bitcoin its way of storing information allows transactions to commit several times faster.

Altcoins are becoming more popular, and in 2022 many countries include them in the list of official means of payment. Latvia is not an exception: the country allows tokens and declares the income of citizens from earnings received as a result of investing in such currency. The popularity of this method of storing funds is easy to explain: if the national currency depends on the political situation in the country, this does not happen with the digital one – it belongs only to people, not to banks and states.

Itez will allow you to make a profitable investment quickly and easily and buy Ethereum for euros, dollars and rubles from your bank card. Read our instructions to learn 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 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 banks of the Baltic countries are among the best in Europe in terms of the speed of transactions. They allow you to perform all the necessary services inexpensively and quickly, and are also available all over the world. That is why the clients of banks in Latvia, Lithuania and Estonia are not only citizens of these countries, but also foreigners.

Latvia's banking system consists mostly of local financial institutions, but there are also representation offices of international banks in the cities, which are also popular in the country. The rating of Central and Eastern European banks by measuring the volume of assets for 2021 included three Latvian banks: Swedbank Latvia, Banka Citadele, SEB banka Latvia.

Bank cards

Itez allows you to buy Ethereum and other digital currency using a bank card. Debit and credit cards of Visa, Mastercard, Maestro, American Express payment systems can be used for payment, as well as virtual ones – Google Pay, Apple Pay and Samsung Pay. The purchase can be made for euros, dollars, rubles.

How to store Ethereum

Ethereum is becoming more and more popular, and the issue of its storage is no less important than the issue of purchase. That is why crypto wallets exist. Their feature is decentralization and a multi-stage information protection system: this means that only you will have access to the funds. Such protection is provided by a private key, a seed phrase and other authentication methods that will definitely keep altcoins safe. You can choose the most convenient wallet 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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