How to buy Bitcoin
with Banco Santander in Spain
Banco Santander, a renowned banking institution, holds a significant presence globally, offering a comprehensive range of financial services to individuals and businesses. With a rich history dating back to 1857, the Santander Group has grown into one of the largest and most respected financial institutions in the world.
One interesting aspect of Banco Santander is its commitment to innovation. It has invested heavily in digital platforms and mobile applications, enabling customers to conveniently access their accounts and perform transactions anytime, anywhere.
In terms of its interaction with the cryptocurrency sphere, Banco Santander has shown interest and involvement. The bank has explored the potential of blockchain technology and has participated in initiatives related to cryptocurrencies and digital assets. And although it does not provide cryptocurrency services directly, buying bitcoin with a Banco Santander card in Spain is not a problem. Below you will find detailed step-by-step instructions for buying cryptocurrency with a bank card for dollars, euros or other currencies.
Within the Spanish economic system, both debit and credit cards are ubiquitously acknowledged and routinely employed for quotidian transactions across physical retail outlets and online platforms. Predominant international card providers, namely Visa, Mastercard, and American Express, enjoy widespread acceptance. Concurrently, contactless payment methodologies have witnessed a significant upsurge in prevalence in the recent years, further modernizing the Spanish payment landscape.
Itez is an instant bitcoin 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 average time for receiving bitcoin to a client's account is a quarter of an hour. For comparison, let's take similar services Indacoin and MoonPay: when working with them, the time it takes for bitcoin to be credited to the client's electronic wallet will take for about an hour - it depends on how busy the network is. Thirdly, the service offers to customers a favorable exchange rate. Rate changes occur in accordance with the liquidity provider's information, therefore, the BTC value on the Itez website is as close as possible to the market value. The site has no hidden fees as the final BTC value is displayed instantly. If the purchase price does not exceed € 300, then the buyer does not need verification.
In order to buy bitcoin, it is not necessary to register on the Itez website. In a handy calculator, you can quickly calculate the cost of BTC 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 €30. Well, in our instructions, as promised, we will go through all the stages of purchase BTC for dollars step by step.
After converting the currency to BTC, 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.
Verify 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 bitcoin wallet - from the “Accept” section.
Important: you should not manually copy the bitcoin wallet address. The blockchain system does not give any information about bitcoin 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 bitcoin wallet address, paste it into the dialog box.
Check your data — it is important to make sure that the address is entered correctly.
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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. As soon as the transaction receives 6 confirmations in the blockchain network, your bitcoin wallet balance will be top-up.
Important: the transaction will wait for confirmations for time. After six network confirmations, bitcoin will be on your e-wallet; when buying with Itez it will take for about 15 minutes. This is a very good speed for the Bitcoin network since transactions in the most popular blockchain network are somewhat slower than in other networks due to its properties and high load.
The transaction will first wait for confirmations from the blockchain network.
After six confirmations, the BTC networks will be yours for good; when buying from Itez, this will happen on average within 15 minutes.
This is a very good indicator for the Bitcoin network, since transactions are somewhat slower in the most popular blockchain network than in other networks, due to its design features and high workload.
In the financial landscape of Spain, the three principal banking entities are Banco Santander, BBVA, and CaixaBank. Banco Santander, a multinational entity, boasts a broad spectrum of services, accompanied by a prominent international footprint, most notably in Latin America and the United Kingdom. Furthermore, BBVA, another banking powerhouse, possesses a robust presence within Spain and extends its reach to South America, the United States, and Turkey. Lastly, CaixaBank, with its headquarters in Valencia and Barcelona, caters to the largest customer base within Spain, distinguished by its dedication to digital innovation.
Storing cryptocurrency requires choosing a reliable and functional wallet. Itez Wallet combines ease of use with a high degree of security, offering users a straightforward interface and extensive asset management capabilities. Regardless of your experience in cryptocurrencies, you'll find everything you need in Itez Wallet for comfortable and secure management of your funds.
