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How to buy Ethereum in South Africa

South Africa
Ethereum

In recent years, an increasing number of African countries and private African investors are using cryptocurrency. According to the data, interest in cryptocurrency in South Africa is the highest in the world. This is primarily due to the ability to reduce the percentage of costs incurred for making monetary transactions.

A key feature of working with Ether, like any other cryptocurrency, is that South African citizens are required to pay income tax on every purchase. However, the current turnover of cryptocurrency is so great that taxation in South Africa is practically not controlled. And, due to its low, in comparison with Bitcoin, the cost of Ether has become one of the most popular currencies in South Africa.

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 active interaction with cryptocurrencies makes it easier for banks in South Africa to work with its users. More and more banks consider working with large tokens as their priority. These banks include: First National Bank — the oldest bank in the big four banks in South Africa, along with ABSA — the largest bank in South Africa; Standart Bank and Nedbank.

Bank cards

Apart from the generally accepted Visa and MasterCard, PayPal is one of the most popular payment systems in South Africa. In addition, clients use the Ukash voucher system, which allows to pay online without having a bank or any other account. Such a variety of choices allows to purchase tokens conveniently and safely, which is considered the priority of the cryptocurrency.

How to store Ethereum

Working with cryptocurrency presupposes the presence of an electronic wallet. It is needed in order to receive and send digital currency between the accounts. To do this, each client can use one of the e-wallets bellow: 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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