How To Buy Ethereum Classic (ETC): Beginner’s Guide

Are you trying to buy Ethereum Classic (ETC) cryptocurrency? Well, good news, it can be done simply with a credit card, Paypal or from any major bank accounts in almost any country you may be. Follow the simple instructions below on how to purchase Ethereum Classic using all major fiat currencies such as USD, EUR, JPY, GBP, CAD, AUD, NZD or SGD.

What is Ethereum Classic?

Ethereum Classic is a decentralized platform that runs smart contracts: applications that run exactly as programmed without any possibility of downtime, censorship, fraud or third party interference.

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

Why Buy Ethereum Classic?

Ethereum Classic has a great community and decentralized goverance on decisions that concern changes and updates the network. It emphasizes the idealogy of free development and decentralization. Everyone benefits from any updates.

It has better and more mining opptunites and has a higher speed in transactions compared to Ethereum (ETH). By not going on with the hard fork resulting in Ethereum, the immutability of the blockchain was not broken.

Where To Buy Ethereum Classic?

You can buy, sell or trade Ethereum Classic on some exchanges only. However you can buy Bitcoin (BTC) and other major altcoins here. I will explain how to purchase Ethereum Classic more below.

1. CoinBase

• Buy BTC, ETH, XRP and 100+ cryptocoins with credit card at CoinBase
• Supports major currencies: USD, EUR, GBP, CAD, AUD and more
• Available in 200 countries

 

2. Binance

• Buy BTC, BCH, ETH, EOS, LTC, NEO, XRP and more with credit card at Binance
• Supports all major fiat currencies USD, EUR and more
• Available in all major countries except USA

 

3. CoinSwitch

• Buy BTC, ETH and 100+ cryptocoins with credit card at CoinSwitch
• Supports USD, JPY, RUB, EUR and more
• Available in all major countries

 

4. CoinMama

• Buy BTC, ETH, ETC, BCH, LTC, ADA,QTUM, XRP with credit card, cash or bank transfer (SEPA) at CoinMama
• Supports USD, EUR, GBP and all currencies
• Available in more than 180 countries

 

5. LocalBitcoins.com

• Buy BTC, ETH and many others with cash or wire transfer at LocalBitcoins.com
• Supports USD, EUR, GBP and all currencies
• Available in more than 200 countries except USA, China, Indonesia, Syria and North Korea

     

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How To Buy Ethereum Classic with Credit Card, Paypal or Bank Account?

Before you can buy, you will need a secure cryptocurrency wallet so that you can store your newly purchased cryptocurrency. More on that below.

You can buy Ethereum Classic (ETC) with a credit card, Paypal, or bank account at CoinBase. It is that simple.

However, you may also buy Ethereum Classic (ETC) by first purchasing Bitcoin or Ethereum through CoinBase (Currently ETH offers a much lower transfer and exchange fee than Bitcoin.) Then swap it with Ethereum Classic cryptocurrency. If you prefer this way, follow the steps below.

Step 1: Create an Account

Go to CoinBase to register a new account. However, you can also choose any other exchange listed above. Click Get Started and enter your name, email and password. If you already have an account, skip to Step 3.

Step 2: Verify Your Account

Verify your email address to proceed. To prevent identity fraud or theft, you will need a photo ID to make sure it’s really you.

Step 3: Buy Bitcoin (BTC) with Your Credit Card

Once verification is complete, click on the Accounts tab and click “Link a New Account” button to add your payment information.

Click the Trade button and click the Buy tab. Choose your desired coin, enter the amount, and confirm your transaction in the second step. Bitcoin (BTC) is the most widely accepted at exchanges. You can also keep your Bitcoin here in CoinBase and let it appreciate hopefully and then sell or exchange to altcoins later.

Step 4: Get On the Exchange

Now we need to send your Bitcoin cryptocurrency that you have just bought to an exchange where Ethereum Classic can be traded. Since Ethereum Classic can also be traded at CoinBase, we will use this to do so. We do not need to transfer the Bitcoin to another exhange.

There are other alternative exchanges that also trade in Ethereum Classic if you wish to do so.

• Binance
• Bitfinex
• CoinSwitch

Step 5: Buy Ethereum Classic

Once you have confirmed you have Bitcoin, it is time to buy Ethereum Classic. You can check the prices of Ethereum Classic and other altcoins in the Summary price page.

Go to the Buy/Sell tab and enter your amount and click the Buy button. Once the order is fulfilled, you now have your shiny new Ethereum Classic in your account. Congratulations! Simple, wasn’t it.

You can either keep it in the exchange or send it to a secure wallet which is highly recommended. These wallets are highly recommended.

Hope this guide was helpful. Happy trading.

For more beginner’s guides on how to buy altcoins visit our guides.