A Step-by-Step-Guide on how to buy Ethereum Classic (ETC)
Step 1 – Join Kraken You'll first need to buy one of the top-tier currencies. Exchanges commonly accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click the button below to register and to get Bitcoin or Ethereum.
Step 2 – Transmit Your Ethereum (ETH) or Bitcoin (BTC) to an Cryptocurrency Exchange Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Ethereum Classic (ETC) is obtainable on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).
Step 3 – Locate Ethereum Classic (ETC) Once your deposit has been approved, you will directly have access to your funds and you can commence invest and trading. To purchase Ethereum Classic (ETC) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. In order to spot Ethereum Classic (ETC), you will need to put the shortname of the coin (ETC) into the search box, which is marked in the graphic. Be certain of having selected the proper grouping, we have marked this too. Click on “ETC/BTC” to go on.
Step 4 – Acquisition of Ethereum Classic (ETC) As soon as you have located Ethereum Classic (ETC), you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (on the Left of the image). Next we're creating our own Limit Order. The ”Price” field will be filled with the most up-to-date tariff Ethereum Classic (ETC) was sold for. This can be changed to your favoured price. The ”Amount” field is the amount of ETC you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of ETC. If you are satisfied, make a mouse click on “Buy ETC”. Your plan will be filled when a Vender sells their ETC for the price you offered.
Step 5 – Withdraw Ethereum Classic (ETC) Unless you are regularly trading, best advise is not to keep crypto on an Crypto Exchange for an extended time frame. In order to withdraw your Ethereum Classic (ETC), go to the ”Funds” tab and click on “Withdraw”. Ethereum Classic (ETC) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Ethereum Classic (ETC) by using the given drop-down box. Drop in the amount of Ethereum Classic (ETC) you would like to withdraw. Don't forget the presented fees/minimums. Also make sure you have filled your correct withdraw address. When you are happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.