Where to buy Ethereum Classic(ETC) if you are planning to invest in this crypto? This guide explains the best places to get ETC in detail!
Ethereum Classic came to birth as a “hard fork” out of the Ethereum(ETH) blockchain created by Vitalik Buterin in 2016. You can say it’s the original chain that Ethereum has started upon. Additionally, the main reason for this hard fork was the DAO hack and collapse which divided the Ethereum community.
In short, Ethereum Classic(ETC) is the original Ethereum blockchain and is supported by people who want the immutability of code. Meaning, once a Blockchain has been created the code shouldn’t be changed anymore, or like they say “code is law”.
This guide in the best places to get Ethereum Classic(ETC) I’m going to share with you finding the most trusted exchanges. Also, it gives you some deeper insight into the project.
Finally, I’ll explain what possibilities you have in buying ETC regardless of where you live in the world. So let’s go 🙂
Best Places to Get Ethereum Classic(ETC): Quicktake
In short, below a consolidated list of the best places to buy Ethereum Classic(ETC) coins. For ease of use, I have chosen exchanges that are reliable, secure, and offer high liquidity.
- Binance – World’s most popular cryptocurrency exchange with almost zero fees
- Kraken – US-based exchange that offers the most fiat trading pairs(AUD, EUR, USD, GBP)
- Kucoin – Cryptocurrency exchange with the most crypto holders on the platform
- Bitfinex – One of the eldest in the list and mainly targetted professional traders
- Bittrex – Reliable crypto exchange that is specialized in crypto spot trading
Short History of Ethereum Classic
As explained above, Ethereum Classic is the original chain Ethereum started working on until, in 2016, the ‘hard-fork’ event happened. After that, the Ethereum Classic team members decided to stick to the principles of Satoshi; the founder of blockchain technology. In general, these principles include:
- Decentralization – The Ethereum Classic network is designed in a decentralized way. The major reason for this is that decentralized networks are more secure and stable compared to the centralized variant.
- Immutability – Ethereum Classic maintains an immutable global blockchain. Additionally, it is preventing any possibility of fraud, censorship, or unjust interference by any actor.
- Adaptability – ETC is based upon open-source software and also open for continuous improvement and adaptability. Adaptability is essential to the future viability of any technology.
Ethereum Classic vs Ethereum
Although it’s big brother in law, Ethereum has serious plans to change to the Proof-of-Stake consensus mechanism, the ETC foundation has no plans whatsoever.
In fact, the Ethereum Classic team has a strong belief in the PoW solution which is the most secure in the industry. Additionally, this solution is also being used by the Bitcoin miners which is a big example for the project team. According to the ETC Twitter account, the PoW solution has a big future in the blockchain industry and a potential to rise 1000x for ETC.
What is the best way to Buy ETC crypto with fiat?
First of all, buying a cryptocurrency like ETC isn’t that hard anymore, especially if you compare it with buying cryptocurrency 5 years ago. Even though, buying Ethereum Classic with fiat can still be a real bummer if you don’t like to give all your personal details(passport or driver’s license) upfront.
Basically, Coinmama allows anonymity for its users and also acts as a bridge, narrowing the gap between users and major cryptocurrency exchanges. Because it does not require any verification, it is available worldwide with no geographical restrictions or limitations. How does it work?
Buying Ethereum Classic(ETC) with Coinmama
It is important to realize that Coinmama isn’t a platform that uses custodian wallets like Binance or Kraken to store your cryptocurrency. As a result of this, you should have a local wallet installed on your desktop or mobile phone.
- Install a multicurrency wallet like Trust or Atomic
- Go to the Coinmama platform
- Choose ‘Buy’ and give the amount in fiat(USD or EUR)
- Sign up by email including country of residence
- Just enter your public key(wallet address)
- Click ‘Go to Payment’ and finish the buy order
That’s all and you will receive ETC in your wallet in just a few minutes 😎
What is the Quickest way to buy Ethereum Classic(ETC)?
If you are in a real hurry to acquire some new ETC and don’t bother much about extra fees then there are two options available. The best place to buy Ethereum Classic depends a little on this situation. Particularly there are two scenarios: you already own some cryptocurrency or you want to buy with fiat currency.
In the first option, you already own some Bitcoin, ETH, LTC and hold this in a cryptocurrency wallet like Trust. The next step is very simple, where you can instantly buy from within this wallet by using a credit card. Of course, using a credit card comes at a cost; 4.5% fees for using the VISA network. However, it’s a very fast way to acquire ETC within minutes.
Moreover, and maybe even better, you already have an account at Binance or Kraken. Suppose you have some BTC at Binance then the next thing to do would be to use the ‘Market buy’ option. You can find this in the upper menu choose ‘Trade’ and you can buy ETC tokens right away on the ETC/BTC pair.
The second option is a little more complicated as you want to buy Ethereum Classic with fiat currency instantly. Therefore, I would use the Coinmama platform and follow the steps as explained above.
What is the Safest place to Buy Ethereum Classic(ETC)?
In my opinion, if you really want to be safe from hackers or scammers, buying or trading Ethereum Classic at a centralized platform like Binance isn’t the best way. Additionally, you should also realize that you want to invest in Ethereum Classic for the long run.
If that is the case, then it is highly recommended that you start using a hardware wallet like Ledger Nano to be as safe as possible. The big benefit of Ledger is that you can store your cryptos offline as long as needed.
Also, if you want to buy or sell, you can use the built-in exchange that is available in the app on the device. Remember that trading with the device comes at a cost as you are using a third party(Coinify) for the transactions.
Where can I buy Ethereum Classic(ETC) in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) Ethereum Classic can be traded or bought on Kraken and Coinbase.
Best Platforms to buy Ethereum Classic(ETC) : Comparison
This comparison guide provides an overview of places to buy Ethereum Classic(ETC) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.
|Binance trading guide
|Kraken trading guide
|Kucoin trading guide
|Bitfinex trading guide
|Bittrex trading guide
Top 5 Cryptocurrency Exchanges that offer trading Ethereum Classic(ETC)
Next in this guide, I’ll deep dive into the different platforms that offer to trade in ETC cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
First, there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert, and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 😄.
ETC Cryptocurrency trading pairs on Binance
Another popular place to get Ethereum Classic is Kraken. Additionally, it’s one of the most reliable and safest cryptocurrency exchanges out there and has been around for a while already.
Founded in 2011, Kraken is a US-based cryptocurrency trading platform available in 48 US states and 176 countries. Also, because of its safe reputation, the exchange data is being used as a ticker(BTC/USD) on the Bloomberg terminal.
The Kraken platform specializes in offering Bitcoin trading services for the beginner as well as the professional trader. Besides trading in digital assets, it’s also possible to store your crypto in custodian wallets, crypto lending services, and staking cryptocurrencies.
Spot trading cryptocurrencies gives you a fee of 0.16% and this value decreases when USD volume rises. Additionally, margin trading is even cheaper where the rate is set to 0.01%.
ETC Cryptocurrency trading pairs on Kraken
Compared with the centralized exchanges above, Kucoin is probably a modern platform for trading any cryptocurrency. This platform founded by a group of cryptocurrency enthusiasts from Asia aims to offer comfort and security to your mighty assets. Kucoin which was launched in May 2017, has its headquarters in China despite the difficult climate towards cryptocurrencies performed by the local government.
One of the remarkable policies this centralized trading platform has is its liberal sign-up policy for new users. Signing up at this platform can be done with just e-mail and mobile phone which speeds up the process of buying Ethereum Classic in a fast way.
Besides trading, Kucoin offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
ETC Cryptocurrency trading pairs on Kucoin
Is Kucoin a good place to get Ethereum Classic(ETC)? Below the options you have to acquire ETC here:
BitFinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.
Bitfinex is very popular among professional traders because of its high trading volumes and the possibility to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
ETC Cryptocurrency trading pairs on Bitfinex
Last in the list of best places to get Ethereum Classic is Bittrex. Since the beginning of the crypto era, Bittrex has been around and gained much trust along the way.
Bittrex has one main service it provides which is its trading platform. The platform lists a wide variety of currencies and allows for standard spot trading orders to be executed. Particularly, I have Bittrex added to the list, because they are very reliable on the BTC spot trading pair.
The current trading engine seamlessly glues together automated trading features. For instance, stop-loss, good ’til canceled (GTC), an instant buy or sell, with all the standard technical charting tools a trader needs. Also, if you are a US resident trader, this is another good place to start trading cryptocurrency.
ETC Cryptocurrency trading pairs on Bittrex
To enumerate, Ethereum Classic is still a blockchain project with huge potentials. Especially, as they are sticking to the initial principles founded by Satoshi Nakamoto. In short, these are:
- decentralization (network and governorship)
- immutability of the blockchain (no hard forks)
- the adaptability of technology (open-source)
Furthermore, by investing in projects that are promising, it’s also very important to find the best places to buy or trade ETC. With this guide, I hope it’s more clear to you what options you have as an investor and know what places to go to in order to build some future wealth.
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