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How to buy Ethereum in Norway

Norway
Ethereum

For Norway, cryptocurrency is an understudied tool for working with assets. For a long time, the country's banks massively refused to work with digital currencies and accept any transactions related to Ethereum, which is the second largest cryptocurrency.

At the moment Norway is considered the most cashless state in the world, where 96% of all payments are made using digital currencies. Such changes in the country were due not only to the growing interest of the users in the position of Ethereum in the market, but also to the fact that digital payments began to be regulated in accordance with the local laws, which greatly strengthened the work of the banking sector in this direction.

To buy cryptocurrency, the clients of Norwegian banks use the exchange services, which become a difficult problem to choose. First, the service should be convenient and understandable not only for confident users, but also for new ones. Itez offers users an easy-to-use platform for working with the digital assets, a fast transaction processing and simple step-by-step instructions: all this makes the process of buying Ethereum extremely accessible.

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 large banks in Norway actively cooperating with cryptocurrencies include the following: Norwegian AS; Handelsbanken; Storebrand Bank A.S.A.; DNB and Sparebank 1 SMN. BN Bank ASA, Skandiabanken, Sparebanken Møre are also considered in demand. Thanks to a strict legal framework, banks in Norway provide customers with complete data protection and allow them to interact with Ethereum without financial losses.

Bank cards

Due to the growth of cashless payments in Norway, a local debit card scheme called BankAxept has been developed in the country. This payment system is widely used by the users and is accepted in any online and offline store. The cards of the international payment systems Visa and MasterCard are used no less actively in Norway, thanks to which each client can choose the most suitable option for purchasing.

How to store Ethereum

There are many ways to store cryptocurrencies, but one of the most popular is an electronic wallet. This tool is also needed in order to transfer assets from one account to another. Follow the link below for a list of the most popular wallets for storing Ethereum: https://www.upgrad.com/blog/best-ethereum-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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