A Step-by-Step-Guide on how to buy Ethereum Classic (ETC)
Step 1 – Join CEX.io In the beginning you'll need to buy units of the top-tier coins. Exchanges normally accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Click below for registration and to get your Ethereum or Bitcoin.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. 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 how-to) Make sure you've selected the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Ethereum Classic (ETC) Once your deposit has been approved, you'll immediately have access to your assets and you can begin invest and trading. To purchase Ethereum Classic (ETC) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To find Ethereum Classic (ETC), you'll need to insert the short name of the asset (ETC) into the search box, which is highlighted in the picture. Make sure you have selected the right grouping, we've marked this too. Click on “ETC/BTC” to progress.
Step 4 – Buy Ethereum Classic (ETC) As soon as you have discovered 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're going to make our own Limit Order. The field with the “Price” tag will be filled with the most recent tariff Ethereum Classic (ETC) was sold for. You can change this to your desired price. The ”Amount” field is the amount of ETC you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll pay for the whole quantity of ETC. When you are happy, make a mouse click on “Buy ETC”. Your plan will be filled when a Seller trades their ETC for the price you gave.
Step 5 – Withdraw Ethereum Classic (ETC) Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extensive time frame. To withdraw your Ethereum Classic (ETC), hover over the tab called “Funds” and click on “Withdraw”. Ethereum Classic (ETC) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Ethereum Classic (ETC) by using the provided drop-down box. Put into the quantity of Ethereum Classic (ETC) you'd like to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have entered your correct withdraw address. If you are satisfied, click on “Submit”. You may be requested for verfication via email/phone before a take off.