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How to buy Ethereum in Nigeria

Nigeria
Ethereum

Ethereum is a decentralized cryptocurrency, which is in a confident second place after Bitcoin. The popularity of Ether is growing not only because of the functionality of the digital currency, but also because of its greater availability: the approximate rate is now $4001 per coin, which is constantly fluctuating but still lower than the Bitcoin rate.

The adoption of the cryptocurrency is found on the rise. Over the past few months in African countries with a developing economy, there has been a significant rate of users of digital currencies, including owners of Ether.

At the moment, Nigeria is in sixth place in the world ranking. The need to use digital assets against growing inflation in African countries has played a key role in the accelerating deployment of cryptocurrency assets.

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 banking system in Nigeria is responding positively to cryptocurrency development trends. The largest and most influential banks include the following: Afribank — the largest bank in Nigeria; First Bank of Nigeria Plc — is one of the three banks by the largest number of ATMs in the country; Finbank; Union Bank which has offices in New York, Paris and London, that significantly increases the number of clients; Oceanic Bank.

Bank cards

As in many other countries, Visa and MasterCard are the main payment systems for buying Ether. However, the national system Paga is also very popular, which actively cooperates with Visa and considers the ability to work with digital currency to be its strategic priority.

How to store Ethereum

In order to prevent attackers from being able to privatize the cryptocurrency of honest users, the convenient wallets were created to store Ether. Blockchain.com MyEtherWallet; Trust Wallet; Mist; Ledger Nano S; Jaxx; Metamask; Atomic Wallet.

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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