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How to buy Ethereum in Lithuania

Lithuania
Ethereum

Cryptocurrency is becoming more and more popular every day. And this is easy to explain: altcoins allow to save and increase funds. Digital currency does not depend on the policy of any country. It belongs not to banks or states, but only to people, so that it never devalues. On the contrary, the value of coins is just growing.

The second most popular token in the world after bitcoin is Ethereum. It differs significantly from its predecessor in the way it stores and transmits information, because it is based on a system of so-called "smart contracts". Ether not only allows you to store funds, but also makes it possible to exchange them with other people, give them for temporary use and even deposit.

As of the beginning of 2022, the Lithuanian government considers cryptocurrencies as stocks and believes that it is necessary to work with altcoins. It is not a problem to buy Ethereum in Europe, and our convenient Itez service will help you do it quickly and profitably for euros, dollars or rubles from a usual bank card. Read about it in the instructions below.

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 banking systems of Lithuania, Latvia and Estonia are among the best in Europe. Lithuania has both local financial institutions and branches of international ones. Their amount is approximately the same, since foreigners who are living or visiting in the country can only be served in foreign banks. Lithuanians themselves can visit local banks that are known for high speed and quality of customer service.

The main banks in Lithuania are Swedbank, SEB bank, Luminor, Šiaulių bankas, Medicinos bankas and Danske bank. A lot of work is being done with digital currencies in the country. There is an opportunity to get a crypto license. Also in 2020 the central bank of the state Lietuvos Vapkas implemented its own token, the Lbcoin.

Bank cards

With Itez, you can buy Ethereum with a bank card. We work with Visa, Mastercard, Maestro, American Express payment systems, as well as with Google Pay, Apple Pay and Samsung Pay. Payment can be made for the national currency such as euros, dollars or rubles.

How to store Ethereum

You need to create a crypto wallet to store Ether, because Ethereum is decentralized. Any wallet uses a multi-stage information protection system, so scammers and phishers have no chance, because only you have access to your assets. It is enough to come up with a strong password, write down a seed phrase and activate two-factor authentication. Follow the link to get acquainted with crypto wallets and choose the appropriate one: 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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