Following the progressive Singapore, Philippines are gradually starting to launch exchanges for cryptocurrency trading, because the Philippine authorities see the prospect of market development in cryptocurrencies and blockchain. The currencies in demand include Ethereum, which is considered one of the largest and most stable on the market. At the moment, investment in cryptocurrency in the Philippines has increased five times, which is an absolute record for the country. In addition, state regulators want to officially legalize cryptocurrency. According to users, such a change in the attitude and growth of investments can not only lead the state to a new stage of progress, but also help Ethereum suffer less loss in value.
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.
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.
Confirm your email with a 6-digit code sent to the previously indicated e-mail and click the "Verify" button.
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:
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.
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.
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.
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.
The Philippines has a universal banking system, which includes both large banks with a comprehensive set of services and small rural banks specializing in specific areas. Banks that are ready to actively cooperate with Ethereum: BDO Unibank (the largest bank in the Philippines in terms of assets); BPI is one of the most reputable and oldest banks in Southeast Asia; commercial bank Hua Nan Commercial Bank Ltd., Banco de Oro, Metrobank, as well as most branches of foreign banks, of which there are more than twenty in the country.
To purchase Ethereum, any user can use the cards of major payment systems like Visa, MasterCard and Maestro. However, local e-wallets GrabPay, GCash and Coins.ph are also popular in the Philippines. These e-wallets provide their users with direct access to digital payment services, including local and international money transfers, bill payments, loans, and online shopping, making the introduction of cryptocurrencies a matter of time.
Dedicated cryptocurrency wallets are still considered a popular way to create the transactions, store, send and receive cryptocurrencies, as well as pay bills and make purchases on the Internet. These wallets include: Blockchain.com MyEtherWallet; Trust Wallet; Ledger Nano S/X Jaxx; Atomic Wallet.
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 value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.