A Step-by-Step-Guide on how to buy Ethereum Classic (ETC)
Step 1 – Signup to Coinbase – Get Free $10 In the beginning you'll need to purchase units of the bigger coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below to register and getting your first 10$.
Step 2 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is similar. Ethereum Classic (ETC) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this guide) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you are dealing with a decentralized exchange, like Airswap or DDEX could be divergent (Just follow our how-to).
Step 3 – Find Ethereum Classic (ETC) Once your deposit has been verified, you'll directly have access to your funds and you can launch buying and trading. To buy Ethereum Classic (ETC) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”. In order to find Ethereum Classic (ETC), you'll need to insert the cointype (ETC) into the search-box, which is highlighted in the image. Make sure you have selected the proper grouping, we've highlighted this too. Click on “ETC/BTC” to progress.
Step 4 – Purchasing Ethereum Classic (ETC) Once you've found Ethereum Classic (ETC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are creating our Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Ethereum Classic (ETC) was traded for. This can be changed to your favoured rate. The field with the “Amount” tag is the amount of ETC you wish to purchase. The ”Total” field is the aggregated price in Bitcoin that you'll settle for the complete amount of ETC. If you are glad, make a mouse click on “Buy ETC”. Your plan will be filled as soon as a Vendor trades their ETC for the price you gave.
Step 5 – Withdraw (ETC) Ethereum Classic Unless you're frequently trading, you should never keepyour coins on an Crypto Trader for an longer time frame. In order to withdraw your (ETC) Ethereum Classic, hover over the ”Funds” tab and click on “Withdraw”. (ETC) Ethereum Classic can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find (ETC) Ethereum Classic by using the provided drop-down box. Enter the amount of (ETC) Ethereum Classic you would like to withdraw. Don't forget the presented minimus/fees. Also make sure you have entered your right withdraw address. If you're glad, make a mouse click on “Submit”. You could be asked for email/phone verification ahead of a take off.