How to Buy Ethereum Classic

(Last Updated On: April 27, 2019)

All of the cryptocurrency trader whether newbies or full-time traders may have heard of or maybe even traded in Ethereum which is now the worlds second most valuable coins after Bitcoin.

Ethereum Classic or ETC is one of Ethereums ERC-20 token or experiment which came successful and is now the 5th most popular alternative coin to trade. ETC was born in 2016 and functions on Ethereum Blockchain.

Ethereum Classic is a continuation of the original Ethereum blockchain – the classic version preserving the untampered history and is totally free from external interference.

Choosing an ETC wallet

As ETC runs on ethereum blockchain there are many choices available on Web, Mobile as well as hardware wallets.

The most popular and easy choice maybe be Coinomi which is a multi-currency wallet that can be used for sending, storing, receiving and even swapping or exchanging coins using mobile application. Coinomi is both available for iOS and Android devices.

The most secure choice available is Hardware wallets which store the coins offline and away from malware, Ledger Nano S and Trezor T are the most commonly used hardware wallets for storing cryptocurrencies and are capable of storing ETC as well.

There is also a MIST browser wallet for ETC but according to the latest release is considered buggy and has serious security issues.

There are web wallets also available including MyEthereumWallet and https://ethereumclassic.github.io/

Buying ETC

Buying ETC using FIAT Currencies

The most popular and recommended exchanges for buying ETC using FIAT currencies are Kraken and Bitfinex which allows you to deposit in fiat deposits.

Exchanging ETC

When it comes to Exchanging ETC there are a number of well reputable exchanges available including HitBTC, Binance,  Poloniex etc where ETC can easily be traded for BTC or Ethereum as well, however, there are plenty of other exchanges available but make sure to check the background before trading.

ETC cannot be bought directly using credit cards as it is a new project, but if one wants BTC or ETH can be bought using credit cards at coinbase or coinmama and can be easily converted into ETC using Changelly or ShapeShift.

Conclusion

This article has covered pretty much everything you need to know about buying ETC.

Every project of Ethereum has been a success including Ethereum classic and is a worthy coin to invest on as it is growing its reputation and increasing its value.

 

 


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