In page navigation
- 1. How & where to buy Ethereum Classic (ETC) online
- 2. How to buy Ethereum Classic instantly in 3 simple steps
- 3. Where to buy ETC easily
- 4. Best exchanges to buy Ethereum Classic (ETC), reviewed
- 5. How to trade ETC
- 6. What is the best way to pay for Ethereum Classic (ETC)?
- 7. How do I store Ethereum Classic (ETC)?
- 8. Is Ethereum Classic (ETC) a good investment?
- 9. Is now a good time to buy Ethereum Classic?
How & where to buy Ethereum Classic (ETC) online
Invezz is an independent platform with the goal of helping users achieve financial freedom. In order to fund our work, we partner with advertisers who compensate us for users that Invezz refers to their services. While our reviews and assessments of each product on the site are independent and unbiased, brands may pay to appear higher up our table rankings or place ads in specific areas of the site. The order in which products and services appear on Invezz does not represent an endorsement from us, and please be aware that there may be other platforms available to you than the products and services that appear on our website. Read more about how we make money >
Get started in minutes with our preferred broker, .
9/1082% of retail CFD accounts lose money.
Ethereum Classic tokens are available on a cryptocurrency exchange, which functions similar to a stock trading platform. It takes just a few minutes to buy Ethereum Classic this way. Follow our quick step guide below.
How to buy Ethereum Classic instantly in 3 simple steps
Copy link to sectionTo buy Ethereum Classic you need a smartphone or a computer and an internet connection. It takes 10-15 minutes the first time and you should have some photo ID to hand. Here’s how to do it.
Step 1. Sign up to eToro
Copy link to sectioneToro is the simplest crypto exchange to get started with. Create an account and supply a copy of your photo ID for verification.
77% of retail CFD accounts lose money.
Step 2. Make a deposit
Copy link to sectionAdd funds via a card payment, bank transfer or an alternative payment method. You can start with as little as $10.
Step 3. Buy Ethereum Classic token
Copy link to sectionType ETC into the search box then click ‘trade’. Enter how much money you want to spend and hit ‘trade now’.
Now you own Ethereum Classic tokens! It’s as simple as that.
Where to buy ETC easily
Copy link to sectionThe overall best exchange to buy Ethereum Classic token for beginners is eToro .
Here are the top three places to buy Ethereum Classic, ranked according to their simplicity for beginners, fees, customer reviews, and safety ratings.
77% of retail CFD accounts lose money.
Read more about how we rate, rank and review platforms.
Best exchanges to buy Ethereum Classic (ETC), reviewed
Copy link to section1. eToro. Best for beginners, copy-trading & demo-account
1500
No. assets
$10
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love eToro because it makes it simple to trade crypto at home or on the go. If you’ve never bought cryptocurrency before, then eToro makes it simple to buy 75+ of the leading coins, including the likes of Bitcoin, Ethereum, and Dogecoin. Every crypto trade comes with a flat 1% fee, which makes it one of the cheapest crypto brokers on the market to boot.
As well as being a broker that offers lots of investor protection, eToro offers a very social trading experience. You can easily see what’s trending on the crypto market every day, browse the latest technical analysis about every one of those tokens, and copy other people’s trade suggestions from your desktop or the eToro app.
The fees: You will be charged a 1% fee every time you buy or sell crypto. The charge is included in the market price that’s displayed on eToro. CFD trades may be charged an overnight or weekend fee if you leave the position open.
77% of retail CFD accounts lose money.
2. Public. Best for sharing beginner trading ideas
...
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love Public because it’s a social platform where you can share trading tips and get ideas from other people. Public offers 9,000+ financial instruments, including cryptocurrencies and stocks from around the world.
Alongside a community of other investors all sharing their ideas, Public offers real time news and information so that you can see the full picture before you invest. And the assets don’t just include your run-of-the-mill assets; you can make alternative investments in things like handbags and comic books as well.
The fees: Cryptocurrency trades are charged a 2.5% fee per transaction.
3. OKX. Best for futures and margin trading
...
No. assets
$50
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love OKX because it’s an adaptable and flexible exchange, with an app that’s available in three different versions depending on how you trade. Choose from the beginner-friendly Lite version, Web3 option for NFT traders, or the Pro version for a plethora of trading tools.
From an app or desktop you can trade 350+ crypto coins on one of the world’s top crypto exchanges. You can fund your account easily, through a variety of simple payment methods, and a sliding scale of fees that means you can access discounts by holding the OKB token or trading high volumes.
The fees: Regular users pay a 0.1% fee on spot crypto trades. OKB crypto holders are entitled to a discount, up to 0.02% off for holding more than 2,000 coins. High volume traders are also entitled to a discount, with the cheapest fees available for traders with a 30 day trading volume above $10,000,000,000.
4. KuCoin. Best social trading altcoin exchange
1
No. assets
...
Minimum deposit
Crypto
Platform type
Pros & Cons
Overview
We love KuCoin because it;s a great place for beginners to trade more than 700 altcoins. KuCoin is a social trading platform with 20+ million investors worldwide in 200+ countries.
KuCoin’s beginner zone offers up rewards up to $500 for new users. The rest of the platform has plenty of features for the crypto enthusiast: a staking service to earn money on your stored crypto, an NFT marketplace, and margin trading features to buy leveraged tokens.
The fees: Trading fees are charged on a sliding scale. Fees are 0.1% on trading volumes below 50 BTC in a 30 day period. Discounts are available if you pay fees in KCS or store more than 1000 KCS in your account.
How to trade ETC
Copy link to sectionYou can trade Ethereum Classic on a cryptocurrency exchange using a few simple steps. Here’s a quick example that clearly lays out how ETC crypto trading works:
- Monitor the price: Let’s say the price of ETC/USDT is $1. You read the price charts and decide that now is a good time to start purchasing ETC.
- Open a trade: You trade one USDT for one ETC ($1 for 1 ETC).
- Continue to monitor the price: The next day, one ETC token is now worth $2, a 100% increase.
- Close your trade: You trade your ETC token back to USDT for $2.
In this example, you buy and sell Ethereum Classic, doubling your money (trading). While the steps are simple, executing them in a profitable way is not so easy. You need to spend many hours learning to trade, reading charts, patterns, and understanding markets and margin trading; which you can do right here on Invezz.com.
77% of retail CFD accounts lose money.
What is the best way to pay for Ethereum Classic (ETC)?
Copy link to sectionThe simplest way to buy Ethereum Classic cryptocurrency is with your bank card. However, there are plenty of other options as well. Here are some of the top ways to pay for ETC.
- Buy Ethereum Classic with a credit card or debit card. Card payments are convenient and instantaneous but you may have to pay a higher fee to make a deposit this way. Binance charges 1.8% for a card deposit and some platforms charge as much as 4%.
- Buy Ethereum Classic with bank transfer. A bank transfer is usually the cheapest way to buy crypto. Crypto platforms like Crypto.com and Coinbase do not charge for bank transfer deposits, while Binance only charges a £1 fee, and these transactions are more or less instant as they run through the Faster Payments System (FPS).
- Buy Ethereum Classic with PayPal. Some crypto brokers accept deposits via PayPal. eToro is the best option because it doesn’t charge a fee for PayPal deposits, whereas the charge can be as high as 5% or more with other platforms.
- Alternative payment methods. Crypto brokers often let you pay with other providers or money transfer services, like Neteller, Venmo, or Payoneer. The options vary by broker, though, so check what’s accepted before you sign up.
How do I store Ethereum Classic (ETC)?
Copy link to sectionMost people keep their crypto on the exchange they used to buy it. If you only plan to hold onto it for a little while then that’s a perfectly acceptable option. If you want to hold it for years or you own a lot of Ethereum Classic then you should move it to a crypto wallet.
A crypto exchange is similar to a bank account, in that it means trusting a company to protect your funds for you. A wallet is like your personal wallet, or a safe, where you take responsibility for it yourself. Two of the best Ethereum Classic wallets to use are MetaMask and the Ledger Nano S.
Is Ethereum Classic (ETC) a good investment?
Copy link to sectionWhether it’s good for you depends on your goals and the fundamentals of the project. Here are some key features of Ethereum Classic and its token to help you decide whether to invest in ETC.
- Ethereum Classic is intended to maintain the integrity of the original Ethereum project. It allows developers to build innovative decentralised apps via the use of smart contracts and blockchain technology on the Ethereum network, and it is also useable as a store of value.
- It is a popular crypto with a loyal community of supporters. When compared to Ethereum, ETC has a much smaller community. However, it still does have many supporters who believe in its immutable nature. ETC is designed to be immutable, meaning transactions cannot be altered once recorded on the blockchain.
- There is a limited supply of ETC tokens. Unlike Ethereum, which can produce as many tokens as required, ETC has a fixed supply of 240 million. This means that as time goes on, fewer tokens will be available, which should increase scarcity and value.
- ETC is not as valuable as Ethereum. Ethereum has far surpassed Ethereum Classic in terms of value, and many feel its technical credentials are superior. Some feel this renders Ethereum Classic obsolete since it still uses the original blockchain with the decentralised autonomous organisation (DAO) that created many security issues in 2016.
Use this quick summary of pros and cons to compare Ethereum Classic with other, similar projects.
Pros
Copy link to section- Ethereum Classic is, by its nature, more decentralised than some of its rivals
- Despite some negative press, Ethereum Classic still has strong support
- Ethereum Classic has solid core principals based on a commitment to immutability
Cons
Copy link to sectionUltimately, many different factors play into the answer. Cryptocurrency is inherently volatile but you can reduce the risks by investing in quality projects that provide value to the community.
How has Ethereum Classic (ETC) performed this year?
Copy link to sectionThe current Ethereum Classic price today is $16.43, which is 91.03% below its all time high of $179.83, which it reached on 03 May, 2021. ETC is down 52% this year, with a 52 week high of $52.17 and a 52 week low of $12.60.
Is now a good time to buy Ethereum Classic?
Copy link to sectionThe answer depends on the current price and your own investment goals. Put simply, buying Ethereum Classic, selling Ethereum Classic, and trading ETC are all the exact same process. It’s really just your personal investing intentions that defines whether now is a good time to invest or not.
- If you’re a trader: as a cryptocurrency trader, your goal is to make money trading regularly. What do we mean by regularly? Hourly, daily, weekly. Traders buy and sell a coin quickly to secure their profit (or to avoid a loss). They don’t #hodl that coin long term in the hopes of larger profits. In this sense, any time is a good time to buy Ethereum Classic.
- As a long-term investor: a long term investor is not concerned if the price is up or down 10% on any given day. Rather, they care that the price of the native token is overall up months or years later, when they’re ready to sell that investment. So if you’re a firm believer in the foundations of Ethereum Classic and its decentralised aggregator platform, then a good time to purchase Ethereum Classic is on any major dip.
In our experience, most newcomers to the crypto market sit between the two. You don’t want to wait several years for a return, but buying Ethereum Classic and selling it the next day probably isn’t why you’re here either.
Regardless, closely following ETC price news & analysis will help you decide when to pull the trigger:
More altcoins to buy
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >