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How to buy Ethereum in Slovakia

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Ethereum

In today's unstable world, there is a tendency to abandon traditional state-owned banks, which depend on the politics and economy of states, in favor of new ways of storing funds, which have become various types of cryptocurrencies. Ethereum is the second most popular among such modern deposit methods after bitcoin. Although at first it was called bitcoin 2.0, they have quite a lot of differences, and the main one is that the Ethereum blockchain is built on the basis of a system of smart contracts that allow you to make any transactions with this cryptocurrency very quickly and conveniently.

The Slovak government officially accepts ether and other cryptocurrencies as a means of exchange, trading and storage. However, at the same time, the state should be aware of all actions carried out with cryptocurrency in the country, and any income from transactions should be subject to taxes going to the development of the state. However, there are no barriers to buying Ethereum in Slovakia. You can make a deal using the convenient Itez service, which allows you to buy cryptocurrency quickly and safely. Payment can be made in euros, dollars and national currencies. Detailed instructions are provided 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

Slovakia's banking system is quite stable and reliable, allowing the country's economy to develop successfully. However, it has one special feature: it is almost completely controlled by investors from other countries, especially from Austria and Italy. Most of the financial institutions in the country are branches or subsidiaries of neighbouring European countries. The most popular banks in Slovakia are the following: VÚB, Tatra banka, Slovenská sporiteľňa, UniCredit Bank, mBank, ČSOB, Poštová banka, Oberbank, Prima banka Slovensko.

Bank cards

The Itez service allows you to buy Ethereum, bitcoin, Tether and any other cryptocurrency using a regular plastic bank card. It can be either debit or credit. We accept cards of the most popular payment systems in the world such as Visa, Mastercard, Maestro, American Express. It is also possible to pay for purchases using a virtual card as well as with Google Pay, Apple Pay, Samsung Pay.

How to store Ethereum

Ethereum is stored using special services that resemble conventional banking in their functionality and that are called crypto wallets. The wallet allows you to track capitalization by available currencies, and it also preserves existing assets thanks to a security system consisting of several steps, such as a password, a seed phrase and two-factor authentication using a code from an SMS or an email. You can choose a suitable service by following the link: 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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