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How to buy Ethereum in Singapore

Singapore
Ethereum

Singapore has proved more than once that it is capable of rapidly moving the history of Asia towards world progress. Today, the city authorities see prospects in cryptocurrencies and blockchain.

Since January 2020, a cryptocurrency licensing law has come into force in Singapore, which gives customers of different banks complete freedom of action. In parallel with this, it is planned to create a working system for the circulation of cryptocurrency, which will help to save tokens from the shadow circulation. According to the Singapore authorities, such an attitude towards digital currencies can lead the state to a new stage of progress.

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

Singapore's largest bank DBS has announced the launch of a cryptocurrency exchange. It includes Ethereum, which is considered one of the most popular digital currencies on the market. United Overseas Bank (UOB) and Overseas Chinese Banking Corp (OCBC), which are the largest banks by market capitalization, are also ready to actively cooperate with Ethereum.

Bank cards

For 2021, Singapore is one of the largest financial centers in the world. This is due to the fact that the Singaporean government actively supports and encourages the development of financial services. In this regard, to purchase Ethereum, the user can use not only Visa, MasterCard and Maestro cards, but also local payment systems that are trusted by users around the world. For example: Wallex, Payoneer, and Wise. Each of the payment systems has its own specific set of services that the user can use in the most convenient way when buying cryptocurrency.

How to store Ethereum

Working with such a valuable resource as cryptocurrency presupposes the availability of tools that can preserve this resource. The most convenient and common tool for this is an e-wallet. For Ethereum, as for the popular cryptocurrency, many such wallets have been created. For example: MyEtherWallet (MEW); Mist; Ledger Nano X; Jaxx; Metamask; Atomic Wallet; Blockchain.com.

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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