Simplecryptoguide.com

Simplecryptoguide.com

How To Buy Ethereum Classic (ETC) 

Global:

Coinbase
Binance

United States:

Coinbase

Start by creating your account by clicking one of the buttons above.
Sign up with your email address or mobile phone number, and choose a strong password.
Before you get started and buy anything, you first need to verify your identity.
Then simply scroll down on this page to the exchange you have chosen and follow the steps.

 

Coinbase

  • Step 1: Select ‘Buy/Sell’ from your dashboard
    Once your account is verified there are two main ways to buy.
    By linking your debit/credit card or by linking your bank account.

  • Step 2: Start buying Ethereum Classic (ETC)
    You are now led to a new page where you can proceed with your Ethereum Classic (ETC) purchase.
    Select your preferred local currency and enter the amount you want to spend.

Binance

  • Step 1: Select ‘Buy Crypto’ from your dashboard
    Once your account is verified there are two main ways to buy.
    By linking your debit/credit card or by linking your bank account.

  • Step 2: Start buying Ethereum Classic (ETC)
    You are now led to a new page where you can proceed with your Ethereum Classic (ETC) purchase.
    Select your preferred local currency and enter the amount you want to spend.
    Note that not all local currencies can be converted directly into Ethereum Classic (ETC) – If this option is not available for you, simply follow the two remaining optional steps to complete your purchase.

  • Step 3: (optional) Start by buying Binance Coin (BNB)
    Select your preferred local currency and enter the amount you want to spend.
    We will then be converting that directly into Ethereum Classic (ETC).
  • Step 4: (optional) Convert Binance Coin (BNB) into Ethereum Classic (ETC)
    Return to your dashboard, then under the ‘Trade’ tab you will select ‘Convert’.
    From there you can directly convert your Binance Coin (BNB) into Ethereum Classic (ETC) based on the current market price.

For more in-depth instructions, our ‘Get Started‘ guide will take you through the process step-by step.
In addition to providing instructions for sending and receiving your cryptocurrency. And our ‘Articles‘ will get you up to speed with everything you need to know about the cryptocurrency space starting out. 

Simplecryptoguide.com

What Is Ethereum Classic (ETC)?

Ethereum Classic (ETC) is a hard fork of Ethereum (ETH) that launched in July 2016. Its main function is as a smart contract network, with the ability to host and support decentralized applications (DApps). Its native token is ETC.

Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time.

Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack.

Its appeal was first to those who disagreed with Ethereum’s response, but the legacy network has since gained a wider fan base, which include major investors such as Barry Silbert, CEO of investment firm Grayscale.

As a voluntary organization, the developers of ETC do not aim to turn the network into a for-profit entity. Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm.

Unlike Ethereum, Ethereum Classic has no plans to convert to a proof-of-stake (PoS) mining algorithm, while multiple developers continue to work on future improvements such as scaling solutions.

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