How to Buy Ethereum Classic

What is the difference between Ethereum and Ethereum Classic? Should you invest in the latter and what do you need to know? To understand this, you’ll need to know why Ethereum hard forked away from Ethereum Classic, and why there are fundamental differences between the two cryptocurrencies.

How to Buy Ethereum Classic

(ETC)

Ethereum Classic

Price

£2.84

24H Change

-0.47

7 Days Change

-4.73

Market Cap

£329.10M

Buy Ethereum Classic

Buy Ethereum Classic in 5 Quick Steps

  1. Register free with eToro to open a trading account.
  2. Try a demo account before you hit the Deposit button.
  3. Choose a payment method (Paypal, credit card etc) & deposit into your account.
  4. In the ‘Trade Markets‘ section on the left, select Crypto and then Ethereum Classic.
  5. Hit trade, a ticket will open, choose your risk preferences and then click ‘Open Trade‘.

Where to Buy Ethereum Classic

eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.
PaxForex
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Min Deposit
$200
United States
Key Features
Low minimum deposit
Founded in 2010
Spreads from 0.3 pips
Top Coins
Payment Methods
Credit Card, Debit Card, Wire Transfer, Bitcoin, Ethereum, Neteller, Perfect Money, QIWI, Skrill, UPayCard, WebMoney
You are unlikely to find a more comfortable broker than PaxForex. Our company provides customers the best possible conditions for successful Forex\Cryptocurrencies, Spot metal\Stocks trading. We have offers for both beginners and experienced traders. The main engines of our progress at the financial trading t are spotless reputation; focus on customers and innovative approach to business development. Our achievements have been confirmed by the successes of every one of our traders. Today we are a well-known lowest spread broker trusted by hundreds of thousands of customers worldwide. We assure you that working with PaxForex ensures the highest level of service, strict compliance with all the terms of trading, and reliability provided by the most advanced technologies.
Coinbase
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Min Deposit
$1
United States
Key Features
Trusted provider
Online Wallet
2 Factor Authentication
Beginner friendly
Top Coins
Payment Methods
Credit Card, Debit Card, Euro Bank Account, 3d Secure Credit Card
Coinbase is one of the first places that made it easy to buy bitcoin and has since become a widely trusted exchange in the market.

Buy Ethereum Classic with eToro

eToro is the leading CFD provider when it comes to cryptocurrencies and buying Ethereum Classic. They were one of the first to launch Ethereum Classic on their trading platform and continue to be a market leader in the cryptocurrency space. If you’re looking to buy Ethereum Classic, then look no further than eToro, see below our 3 step process to getting started!

Step 1: Registration

eToro is free to sign up and has a demo account that you can use to practice before buying Ethereum Classic for real. To sign up, click the button below and fill out the form; name, email, phone and then you’ll need to create a password. Next you’ll be required to verify your account by clicking the link in your confirmation email.

Step 2: Deposit

Once you’re account is verified, you’ll need to deposit funds into your account to make it live. We recommend starting with the minimum of $250, start small to get used to it and then begin to add more over time. Choose your payment method, eToro offers several options, pick your favoured and then fill out your details and click submit.

Step 3: Buy Ethereum Classic

Once you have funded your account, it’s time to buy Ethereum Classic. eToros platform is easy to use, to find Ethereum Classic, click ‘Trade Markets’ on the left, then you’ll see ‘Crypto’ at the top. Once in this section, you will see eToros full list of cryptocurrencies. Hit Ethereum Classic and then ‘Trade’. A ticket will open, manage your risk and then ‘Open Trade’.

Buy with Investous

Highly rated and new CFD provider, Investous, has burst onto the market and established itself with a solid reputation. It’s smooth and streamlined platform makes trading easy for any beginner looking to take the dive into the world of cryptocurrencies. It offers over 270 different assets and a great range of coins.

Step 1: Registration

Signing up is simple, click the link below and once on their homepage, hit the ‘Sign Up’ button in the top right. Add your name, email and phone number, choose the account type and then click ‘Start Trading’. You’ll receive an email to verify your account before you can deposit into your account.

Step 2: Deposit

Once you have created an account, you will login and be required to fill out a questionnaire. Once complete you will be asked to choose how much you want to deposit and the payment method you intend to use. We always recommend sticking with the minimum amount before adding more once you get used to the platform.

Step 3: Buy Your Cryptocurrency Now

Now you have deposited, to buy bitcoin you will see the list of assets Investous offers on the left. Use the filter option and choose ‘Cryptocurrencies’, you will then find Bitcoin. Click and you will have the option to buy and sell. Decide how much you want to risk, click buy and then ‘Trade’.

Buy with 24 Option

Well known CFD provider, 24 Option, has extended its cryptocurrency offering, with the additions of Bitcoin Gold and Monero plus the standard collective of bitcoin, ethereum etc. The platform is suited for beginners because it simplifies the process of finding your cryptocurrency and in turn purchasing it.

Step 1: Registration

Signing up is easy and free. Fill out the relevant fields and hit ‘open account’. You’ll then receive an email to verify your identity and then will be asked to fill out a questionnaire to get an understanding of your experience.

Step 2: Deposit

There are various ways you can fund your 24 Option trading account, VISA, MasterCard, Astropay, Moneta, plus many more options. To get started pick the payment method of choice and the amount you want to deposit (we’d recommend the minimum of $200)

Step 3: Buy Cryptocurrency

Once your account is all set up and funded, you can search using the filter on the left to find your cryptocurrency of choice. The asset you choose will be available on the right where you can manage your risk before pressing buy and then ‘trade’.

Buy with Binance

Binance is one of the largest cryptocurrency exchanges on the planet. It grew quickly after its launch in 2017 and now even has it’s own token, Binance Coin. It is one of the best places to buy and trade some of the more obscure altcoins, they have a huge range that is always changing with new coins being added and old ones being removed. For security reasons, we would always prefer to buy using a CFD provider like eToro.

Step 1: Registration

To get started you need to go to the homepage and click ‘Register’. You’ll be taken to a sign up page where you need to fill out the fields; email and password. You’ll be sent a verification email, click the link to activate your account. It’s also advised to set up 2FA.

Step 2: Deposit

Binance now allows you to buy bitcoin with credit card, a relatively new feature. Other coins available by credit card are Ripple, Ethereum, Litecoin and Bitcoin Cash. Once you’ve bought one of these you can then exchange for any other coin on the platform

Step 3: Buy Your Coins

Depending on your experience level you have the choice of the basic or advanced exchange. If you’re unfamiliar with the Binance platform then we’d recommend using the basic version. click on Bitcoin and then fill out the ticket to make the exchange.

Why Should You Buy Ethereum Classic?

Ethereum’s initial idea was to offer an autonomous network where ‘computer code is law’. The aim was to remove the possibility of fraud or control by others. All was moving along well, up until a single hacker exploited an error in the codebase and drained all of the investor’s money.

The majority of the investors agreed to roll back the network to make it impossible for the hacker to use the stolen money. Even though it worked, some felt this was against the initial protocol. Therefore, they continued to work on the initial idea leading to the creation of a new blockchain, Ethereum Classic. Therefore, technically, ETC is the original Ethereum. Today, ETC is the same pool of promising altcoins as the namesake ETH.

In most new coins, you have to store the coins in a universal e-wallet or the exchange’s wallet. It exposes you to the risk of higher losses in case hackers access your wallet because you will lose more than one type of crypto. Consequently, most established coins have their wallets. Ethereum Classic is one of them with its Emerald Wallet.

ETC has promised that it shall mine the last coin in 2025 when the totals supply reaches 210 million. It is unlike Ethereum which has no cap on the number of coins. As a result, Ethereum Classic seems like a more stable coin for long term investment purposes.

Another reason why many experts in the crypto industry are considering ETC is its corporation of sidechains. Sidechains are a new technology that allows interoperability between blockchains such as running Ripple on Ethereum blockchain and vice versa. 

Pros and Cons of Buying Ethereum Classic

Pros

Cons

What are the Best Payment Methods to Buy Ethereum Classic?

You have to buy ETC either through an independent exchange or peer-to-peer exchange. Payment methods vary platform to platform. We’ve outlined some of the main methods that you’re likely to make a fiat payment with;

Buying Ethereum Classic in Your Country

Most countries have allowed the buying and selling of cryptocurrencies. However, certain countries have imposed a total ban on all cryptos. In such places, it is an offence to buy, sell, or mine cryptos. 

If you are buying ETC to use them as a legal tender to make payments, then you might also have to take a closer look at the laws of your country. Most nations that allow buying and selling of altcoins prohibit their use as payment media. 

The other concern is if you plan to pay via PayPal. PayPal prohibits transfers to other countries from accounts located in certain countries. 

Is there a Difference Between Buying and Trading Ethereum Classic?

Yes. When you buy ETC, you own it and can resell it, give it out as a gift, use it to purchase other cryptos or keep it as a souvenir. Not to mention you will have to pay the entire price of the amount you buy.

Trading, on the other hand, involves speculating on the price of ETC in the exchange market. You do not have to own any coin. All you need is an investment amount which you use to leverage on the fluctuating prices. 

The two also have different taxing structure. You do not pay profit gains for trading on cryptocurrencies, but you do if you make any profit through direct buying and selling of ETC.

What are the Fees Involved in Buying Ethereum Classic?

 

Broker Fees Vs. Exchange Fees

The transaction fee when using an exchange is higher than when using a brokerage. This because it takes at least two transactions on the exchange to buy the same amount of ETC coins that you get from a broker in a single deal.

eToro
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Min Deposit
$50
United States
Key Features
Accepts customers from the USA
Award-winning Cryptocurrency trading platform
Wide variety of crypto assets
One of the fastest growing brokers in the world
Top Coins
Payment Methods
Wire Transfer, Bank Transfer
eToro is a social trading platform based in Cyprus. The company has revolutionised the online trading industry by introducing innovative ways for traders to capitalise from the financial markets.
Cryptoassets are highly volatile unregulated investment product. No EU investor protection. Your capital is at risk.

If this article has given you the confidence to start investing in cryptocurrencies and you want to buy Ethereum Classic, click the button to get started.

Frequently Asked Questions

  1. How Do I Buy Ethereum Classic in Bulk?

    The best way to but ETC in bulk is through a broker. Brokerage networks bring together sellers and buyers interested in ample amount of ETC coins.

  2. How Do I Sell Ethereum Classic?

    You can sell them directly on a peer-to-peer exchange or through an independent exchange platform such as Coinbase or Binance. Peer-to-peer exchange allows you to set your price; however, finding a matching buyer can be a hassle.

  3. Are There Other Ways I Can Buy Ethereum Classic?

    Yes. If you have a friend you trust who is selling the coins, you can buy directly from them without going through an exchange. The other way is to accept them as payment for services if your country’s laws allow it.

  4. What are Trading Robots?

    These are computer programs that use different indicators to determine trends and execute a corresponding trade on behalf of their user. They can really help bridge the knowledge gap for new investors.

  5. Should I Buy Ethereum Classic with a Robot?

    It is a risky gamble that requires experience because you will be handing over your money to a third party to use on an immature illiquid industry. Besides, there can be risks of faulty software, flash crashes, and scamming. Therefore, if you have to use bots, start with baby steps and watch the progress. They can be very helpful overall, but you need to pick the right one and monitor very closely when you first start.

  6. Can You Buy Ethereum Classic on an Exchange?

    Yes. Though most exchanges only allow you trade BTC for ETC. If you’re looking to purchase ETC for fiat currency, your options are a little limited. Overall, you may need to trade these on regulated broker platforms - as there is no limit on these sort of platforms.

  7. Can I Buy Ethereum Classic Anonymously?

    Yes, but you will need to have an Ethereum Classic wallet and then use Ethereum/Bitcoin  to buy ETC. Otherwise, payment methods such as credit cards and PayPal are traceable.

  8. What is the Easiest Way to Buy Ethereum Classic?

    The easiest way is to buy ETC through an exchange that accepts fiat currency. However, these are few and far between. In reality, buying cryptocurrency is actually relatively complex. The easiest way to invest in ETC is to use a broker platform to trade on the price. These have the simplest user interfaces, the best payment methods and the quickest turnaround times. Perfect for the beginner cryptocurrency investor.

  9. Why Buy Another Coin Other Than Ethereum Classic?

    Mainly because it’s always good to diversify your investment portfolio. Having two or more investment vehicles will cushion you if ETC takes a hit from other competitors and market factors. Ideally, you want to spread your investments, and make sure you could profit on the growth of other technologies all whilst reducing losses if only one coin is failing.

  10. Can I Buy Ethereum Classic With Paypal?

    To the best of our knowledge you cannot buy Ethereum Classic with Paypal.

  11. Can I Buy Ethereum Classic With USD?

    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.

  12. Can I Buy Ethereum Classic With Credit Card?

    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.

  13. Why Is ETC the Better Investment For Some People?

    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.

  14. How is Ethereum Classic Different Than Ethereum?

    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.

  15. What was the Ethereum/Ethereum Classic DAO Disaster?

    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.

 

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