For more than ten years, users have witnessed the emergence of blockchain technology and various cryptocurrencies, including Ethereum. Many countries around the world have not yet adopted or started using these currencies. In this regard, the head of Tanzania called on the country's central bank to research the digital assets due to their growing influence on the global financial market.
Since the cancellation of the current directive in 2019, Ethereum is one of the most popular currencies in Tanzania due to its affordability and ability to work.
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.
Bank of Tanzania is the most popular bank in the country. This bank is a Tanzanian shilling issuing bank and the first bank to support digital currency policies in the country. Major African banks also include the Standart Bank Group, Standart Bank of Africa, ABSA Group and FirstRandGroup, which are leaders in the financial sector.
Tanzania is one of the countries where mobile operators have defeated banks and almost completely pushed them out of the payments market. In addition to payment systems Visa and MasterCard, the user can use such a mobile operator. There are six mobile money operators in Tanzania, among the largest are M-Pesa, Tigo Pesa and Airtel Money.
To protect and preserve cryptocurrency, users use the electronic wallets. Since Ethereum is a major digital currency, there are many such wallets developed. Here are the main ones: Blockchain.com MyEtherWallet; Trust Wallet; Mist; Ledger Nano S; Jaxx; Metamask; 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.