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 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Bitcoin or Ethereum will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Ethereum Classic (ETC) is accessible on Binance, so we're going to use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Just follow this manual) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Ethereum Classic (ETC) As soon as your deposit has been verified, you will immediately have access to your finances and you can launch buying and trading. To purchase Ethereum Classic (ETC) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to discover Ethereum Classic (ETC), you will need to put the shortname of the coin (ETC) into the search-box, which is marked in the picture. Make sure you have selected the right pairing, we've marked this also. Click on “ETC/BTC” to progress.
Step 4 – Buying Ethereum Classic (ETC) Once you have discovered Ethereum Classic (ETC), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). For now we're going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most recent price Ethereum Classic (ETC) was sold for. You can change this to your favoured price. The ”Amount” field is the amount of ETC you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll settle for the complete volumen of ETC. When you are happy, make a mouse click on “Buy ETC”. Your order will be filled as soon as a Vendor sells their ETC for the price you gave.
Step 5 – Withdraw Ethereum Classic (ETC) Unless you're frequently trading, never keep your coins on an Crypto Trader for an extensive time frame. To take off your Ethereum Classic (ETC), go to the ”Funds” tab and click on “Withdraw”. Ethereum Classic (ETC) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Ethereum Classic (ETC) by using the provided drop-down box. Drop in the volumen of Ethereum Classic (ETC) you would like to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, make a mouse click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.