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 – Transmit Your Funds to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Ethereum Classic (ETC) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the exact coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Ethereum Classic (ETC) Once your deposit has been verified, you'll instantly have access to your assets and you can start buying and trading. To buy Ethereum Classic (ETC) on Binance, you'll want to hover over the ”Exchange” tab and then click on “Basic”. To discover Ethereum Classic (ETC), you'll need to put the cointype (ETC) into the search box, which is highlighted in the picture. Make sure you have selected the proper pairing, we've highlighted this too. Click on “ETC/BTC” to advance.
Step 4 – Purchase Ethereum Classic (ETC) After you have discovered Ethereum Classic (ETC), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our own Limit Order. The ”Price” field will be filled with the most recent price Ethereum Classic (ETC) was sold for. You can change this to your preferred price. The ”Amount” field is the volumen of ETC you like to buy. The field with the “Total” tag is the whole price in BTC that you'll pay for the complete volumen of ETC. If you are satisfied, click on “Buy ETC”. Your order will be filled as soon as a Vendor trades their ETC for the price you gave.
Step 5 – Withdraw Ethereum Classic (ETC) Unless you're trading, best advise is not to keep your crypto coins on an Exchange for an longer period of time. To withdraw your Ethereum Classic (ETC), go to the ”Funds” tab and click on “Withdraw”. Ethereum Classic (ETC) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Ethereum Classic (ETC) by using the provided drop-down box. Enter the volumen of Ethereum Classic (ETC) you'd like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. When you're glad, make a mouse click on “Submit”. You may be asked for email/phone verification before a withdrawal.