A Step-by-Step-Guide on how to buy Ethereum Classic (ETC)
Step 1 – Signup to CEX.io You will first need to buy units of the bigger coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click the button below to register and receive your Ethereum or Bitcoin.
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Exchange now. All exchanges have a deposit form that is similar. Ethereum Classic (ETC) is available on Binance, so we're going to use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you've chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. If you're using a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Find Ethereum Classic (ETC) As soon as your deposit has been approved, you'll directly have access to your finances and you can start buying and trading. To invest in Ethereum Classic (ETC) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to discover Ethereum Classic (ETC), you'll need to put the cointype (ETC) into the search-box, which is marked in the graphic. Make sure you have selected the right grouping, we've marked this also. Click on “ETC/BTC” to go on.
Step 4 – Acquisition of Ethereum Classic (ETC) Once you have found Ethereum Classic (ETC), you'll be presented with a Price Chart (in the Center of the image) and a few Order Books (on the Left of the image). For now we are making our Limit Order. The ”Price” field will be filled with the latest valuation Ethereum Classic (ETC) was sold for. This can be changed to your preferred price. The ”Amount” field is the amount of ETC you wish to purchase. The field with the “Total” tag is the total price in BTC that you will settle for the whole amount of ETC. When you're happy, click on “Buy ETC”. Your plan will be filled as soon as a Seller trades their ETC for the price you submitted.
Step 5 – Withdraw (ETC) Ethereum Classic Unless you're trading, you should never keepyour crypto on an Crypto Exchange for an extended time period. In order to withdraw your (ETC) Ethereum Classic, go to the ”Funds” tab and click on “Withdraw”. (ETC) Ethereum Classic can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (ETC) Ethereum Classic by using the provided drop-down box. Drop in the quantity of (ETC) Ethereum Classic you'd wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your precise withdraw address. When you're satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.