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Choose a cryptocurrency by clicking ‘Trading Markets’, set your risk limit and click ‘Get Started’ to start your investment strategy
To buy cryptocurrency, you must create a wallet for yourself to hold the tokens. Trading does not require this.
If you wish to support the ethos of the cryptocurrency, buying is better. If you are looking to profit on investment, trading offers more options.
Trading through a CFD is much more likely to provide more regulation to protect investment. Buying does typically offer this added security.
Ethereum Classic came into the world in May 2016. Disaster had just struck the Ethereum network. Ethereum had recently launched a venture capital project called the DAO (pronounced "dow"), which stands for Decentralized Autonomous Organization. Part of Ethereum's MO is the creation of decentralized applications (Dapps) and Smart Contracts: useful algorithms that run apps and websites, without the need for active human management. The DAO was the biggest and most impressive example of this philosophy in action. It was all going according to plan. The DAO contained $216 million in Ethereum, until...it can hacked. 3.6 million Ethereum were lost forever from wallets all around the world, never to be recovered. Never to be recovered, that is, unless the network took drastic measures. It turned out that the coins could be returned to their rightful owners if the network would just perform a Hard Fork. Basically, the core software would be cloned and broken away from the original chain, at a point before the hack took place. In the new chain, everyone would have their Ethereum back, just like the attack had never happened. The attack would still exist on the old chain, but the hope was that this chain wouldn't be used by anyone so it wouldn't matter.
The two chains were identical when the hard work of 2016 occurred, but major changes have been instituted since. Ethereum has WAY more ICOs and Smart Contracts being developed on it than Ethereum Classic, and you see this reflected in the Ethereum Classic price. This has made Ethereum much more congested as a network, but it has also caused the value to go much higher than Ethereum Classic. Ethereum Classic has decided to continue to be minable for the foreseeable future, while Ethereum is going to set off its "difficulty bomb" that will make mining unprofitable in a push to institute its new Proof of Stake financial and security system. Ethereum Classic has decided to cap the number of ETC coins that can ever exist at around 92 million as a way of supporting the Ethereum Classic price in the long term. Ethereum (ETH) plans to introduce new coins at roughly 13 million per year forever! ETC fears that this will dilute ETH's price in the long term because it violates principles of supply and demand. ETH counters that Ethereum coin is not meant to be a currency so much as it is a payment vehicle for network transactions, and that staking and coin loss remove Ethereum from the markets at a rate equivalent to the rate at which new coins are produced. That has yet to be proven correct in the real world, so Ethereum Classic and the Ethereum Classic price don't have this problem.
We love Ethereum, but there is a strong argument to invest in Ethereum Classic. We're not saying ETC is better than ETH, just that someone could intelligently choose ETC over ETH, and that portfolios that contain both might have the right idea. Here are Ethereum Classics best features for investors. It's cheap. You can buy 20 ETC for the price of 1 ETH. If you think the Ethereum Classic price has good potential, a larger position would make sense, and the current price makes that more than possible. Ethereum Classic benefits from the "Ethereum" in its name. Every day people invest in Ethereum Classic thinking they're getting some version of Ethereum, but not knowing exactly why they do it. The low Ethereum Classic price is another factor, sometimes making it seem like this is just a discounted Ethereum. This will continue. It is true to its original purpose. If you are the kind of person for whom "code is law" rings a bell, ETC is for you. The steady Ethereum Classic price reflects the commitment and idealism of its user base. Ethereum Classic has most of the capabilities of Ethereum. If Ethereum gets as congested as Bitcoin and businesses have trouble using it, they could fairly easily use Ethereum Classic for enterprise solutions instead. It's stable. The Ethereum Classic price has proved it can sustain its value well. This is a hard thing in cryptocurrency, when coins pump and dump all the time. If you want to keep your money in crypto, but don't have anywhere else to put it, you could do a lot worse than ETC. Ethereum Classic has a better financial model for a currency. Capping the maximum coins that will ever exist, and keeping the coin minable, will insure scarcity which could be a good thing for the Ethereum Classic price long term.
There are many exchanges with different rules. If you want to trade CFDs on AvaTrade, you can essentially buy Ethereum Classic with credit card. But if you want to buy on a site like Binance you can't buy Ethereum Classic with credit card.
There are many exchanges with different rules, but there are not any options we know of where you can buy Ethereum Classic with USD. The closest thing to being able to buy Ethereum Classic with USD would be to buy Ethereum on Coinbase with USD, then transfer it to Binance and use it to buy Ethereum Classic.