How To Buy Ethereum Classic
How To Buy Ethereum Classic
Where Can I Buy Ethereum Classic Using Credit Card, USD
How To Buy Ethereum Classic, The concept of digital currency has become very popular. This is a volatile market and this currency can be the best way of investment. People are looking for these currencies and these would be the great investment.
Ethereum is the popular and world’s second most valuable crypto currency. Ethereum classic is ranking on the 5th position. It has also become a very popular alt coin. You have to understand Ethereum before talking about Ethereum Classic.
Basically Ethereum open source block chain network that permits for decentralized apps and smart contracts creation. It went live in 2015 and became successful. ETH (Ethereum Digital Token ether) is considered as second most popular cryptocoin after BTC.
Ethereum classic is the crypto currency of original Ethereum block chain. It has all the capabilities that an Ethereum has. These similar properties may include ability to develop decentralized apps and smart contract functionality. The entire working process of Ethereum is smart contract based. Smart contract is an automated contract that facilitates and enforces the contract term.
There are lots of ways to buy Ethereum classic and you need to learn it. Here in this guide, we have mentioned all these ways to make it easy for you.
You need to get an ETC Wallet. You can use Coinomi. This is multi currency wallet that allows various types of assets. It can work for android and iOS as well. You can use chrome extension that let you hold Ethereum coin easily. This extension can be used as a local lite wallet.
Hardware is considered as the safest mode to store Ethereum classic. Ledger Nano S can offer native support for Ethereum classic. You can use this wallet easily to store your ETC. You must read the review of Ledger Nano S before using it.
There are lots of exchanges that you can use to buy ETC, some of them may include Kraken, Bitfinex, Poloniex. You can buy ETC with flat currency and BTC with Bitftinex and Kraken. Poloniex allow you to trade BTC for ETC. This exchange does not allow you to deposit EUR, USD or any other currency here.
How To Buy Ethereum Classic
How To Buy Ethereum Classic via Poloniex:
You have to get registered with the website. You can sign up to it and create your account here. You have to fill your email and you have to go through the email verification process. You will get a validate link that you have to click to get your email verified by the exchange. You will see a Balances tab on the upper side corners. You can go through it and point on it. You will get deposit and withdrawal option that you can hit. You have to click on deposit BTC. It should give you a BTC address that sends BTC in order to fund your a/c.
You can see an Exchange tab on the upper left corner of the site. You can also use the search bar to look for ETC. You can click on this option. You have to fill up the price here. You can fill it denominated in Bitcoin. Now you can see the bottom line of cost of BTC and you can click buy. You will get your order fulfilled if it is above market price. Your order may be added to order book if it is below market price. Once sellers reach the point they will to sell at that price, your order executes and Ethereum coin will be bought.
Withdraw your ETC into your wallet:
Once you bought coins, you should store them in wallet. You should get your coins out of exchange. You can keep control of your money by keeping it in wallet. You can minimize realize the reliability you put in exchanges. You can buy the wallet and choose to get receive address. You can follow the best practices such as backing up wallet and much more.
You can go back to Poloniex after you have ETC address. You can look for ETC line and hit at the deposit & withdrawal. Users can put in the address that users get from the wallet. You can choose the amount that should be total amount that you are not actively trading and hit withdrawal. You should know daily/monthly withdrawal limits apply.
There are a list of exchanges from you can buy ETC:
This is a very popular company and you can rely on it. You have to follow a simple procedure to buy ETC from this exchange. Poloniex allow you to trade BTC for ETC. This exchange does not allow you to deposit EUR, USD or any other currency here.
This is also a good exchange and available for so many countries. You can buy ETC with flat currency and BTC with Kraken This is a reliable company and you can choose it to buy ETC. You can buy ETC with flat currency and BTC with Bitftinex
Some more exchanges you can look for including:
Some ETC wallets:
- Paper Wallets: Classic Ether Wallet
- Web Wallets: Classic Ether Wallet
- Desktop Wallet: Jaxx, Mist
- Mobile Wallets: Jaxx
- Hardware Wallet: Trezer and Ledger Nano S
There is a good future of ETC and you can invest in it. You can see the current market position that seems that ETC has good future. This is a volatile crypto market and ETC is a competitive coin. These coins have become very popular and demand has increased and last one year has been a good year for ETC owner.
You should read lots of reviews and exchange guides in order to know more about the process. There are lots of things that you can look into in order to play safe in volatile market. This year can be the best way to invest in. Hope you find this guide useful and informative. ETC can be the best way to invest and this guide can be helpful.