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How to buy & invest in Ethereum Classic a step by step guide

By Faren D. 6 min read

If you're merely looking for ways to buy Ethereum Classic (ETC) or you want to invest in a variety of coins, it is not nearly as difficult as it appears at first glance. You could make your ETC purchase safely by following a few simple steps. There are several platforms through which to purchase Ethereum Classic. The most popular alternatives include cryptocurrency exchanges. You'll be able to choose the best one for you once you've learned more about them. Let’s dive into it to learn more about the process.

Where to buy Ethereum Classic

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Ethereum Classic (ETC) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Ethereum Classic.

1. Binance

Binance gets a lot of things right for traders who wish to focus solely on cryptocurrency. A diverse range of popular cryptocurrencies should appeal to everyone save the most passionate crypto fans.

Low trading costs and volume reductions should entice more active traders, especially because fees elsewhere are far higher.

Newer investors who want customer service may find a better match elsewhere, particularly if they intend to trade other stocks or crypto as a sideline.

Based on what has been discussed so far, Binance is unquestionably the premier Cryptocurrency Exchange, with low costs and excellent digital currency support.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Ethereum Classic on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Ethereum Classic (ETC) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Ethereum Classic you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Ethereum Classic you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired ETC in your Binance Spot Wallet immediately.


2. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Ethereum Classic (ETC) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

OKX Pros

  • Allows the use of a wide range of fiat currencies to establish an account.
  • Offers diverse range of services.
  • Hundreds of trading pairs with high staking APYs.
  • An easy-to-use buy/sell dashboard.
  • Online chat tech support that replies promptly.

OKX Cons

  • Very Complex fee structure.
  • US Citizens are not allowed.
  • There are no Demo accounts available.

 

How to buy Ethereum Classic on OKX

Follow our step by step guide below to start buying Ethereum Classic (ETC) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Ethereum Classic from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Ethereum Classic (ETC) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Ethereum Classic will be instantly deposited to your OKX account after payment is completed.


3. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Huobi Global Features

  1. Provides Multiple Trading options like Margin,spot etc.
  2. Payment options that are adaptable.
  3. Over 900 trading pairs are supported.
  4. Trading commissions are as follows: 0.2 percent for the maker and 0.2 percent for the taker.
  5. Available on Google Play and Apple's App Store.
  6. Based on trading volume, it is the world's third largest cryptocurrency exchange.
  7. 348 cryptocurrencies are supported, with over 927 trade pairings.
  8. TradingView charts and tools are included in the advanced trading platform.
  9. Competitive Trading commissions of 0.2 percent.
  10. Institutional OTC trading.
  11. A reserve of 20,000 BTC has been set aside for severe security crises and breaches.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

How to buy Ethereum Classic on Huobi Global

Follow the steps below to buy Ethereum Classic (ETC) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Ethereum Classic, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of ETC you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


4. Gate.io

Gate.io is a Cryptocurrency exchanges platform that allows you to trade Bitcoin, Litecoin, Eth, and other blockchain assets. Within a few years, the exchange acquired global traction and is today available in virtually every country on the planet. However, the platform is presently not active in China, and its registered office has been relocated to Virginia, USA.

This trading platform not only supports over 800 main cryptocurrencies with over 1,000 trading pairings, but it also offers spot trade and margin trade. It has also expanded its offerings to include ETFs, options, futures, and derivatives for investors. It is primarily a platform for professional traders. Beginners with minimal expertise, on the other hand, will benefit from this platform as well.

Gate.io Pros

  • The platform is available in over 400 markets and 800 coins worldwide.
  • The IEO (initial exchange offering) platform is fantastic.
  • Strong mobile application.
  • There are several options available, including spot trading and margin trading with 10x leverage.
  • Exchange that is extremely secure.
  • Customer service is available 24/7.

Gate.io Cons

  • The exchange is unregulated.
  • It is not advised for inexperienced traders.

How to buy Ethereum Classic on Gate.io

Follow our step by step guide to buy Ethereum Classic (ETC) on gate.io:

1. Log in to your Account on Gate.io.

2. Click Buy Crypto fro main menu located at top bar. Here you will find three ways to buy ETC coin (Credit card, Bank Transfer, P2P Trade).

3. Enter the purchase amount in USD. Now select/search Ethereum Classic from dropdown menu.

4. Incase of Credit card, gate.io offer multiple processing partners, select the one that offer services in your country.

5. Accept the terms and conditions and click Purchase.

Now you are Proud investor in Ethereum Classic (ETC).

If you want to buy Ethereum Classic with another cryptocurrency. First, Transfer that currency into the Gate.io exchange using Deposit method after that go to the market page, search for ETC and buy it using your deposit cryptocurrency.


5. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Ethereum Classic (ETC) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Coinbase Exchange Features

  1. More than 50 cryptocurrencies are supported.
  2. Spread and Coinbase costs are included in trading fees.
  3. You can use a free wallet service with private key access, or you can retain your cryptocurrency in your Coinbase account for a $2 minimum purchase or sale.
  4. Insured policy against fraud losses and storage of the bulk of digital assets offline.
  5. Accounts can be accessed using a web browser or a mobile app.
  6. Crypto incentives for studying and an education Centre.
  7. Option to upgrade to Coinbase Pro.

Getting Started with Coinbase Exchange

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with Coinbase by following the easy steps outlined below.

Step 1: Go to Coinbase official website and click the Get Started button in the top right corner of the webpage.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 6: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

How to buy Ethereum Classic on Coinbase Exchange

Follow our step by step guide below to start buying Ethereum Classic (ETC) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Ethereum Classic from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in ETC or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.


Other Exchanges to buy Ethereum Classic

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy ETC.

1. Hotbit Join Now
2. Upbit Join Now
3. Crypto.com Exchange Join Now
4. Digifinex Join Now
5. Bitrue Join Now
6. Bitforex Join Now
7. ZB Join Now
8. BigONE Join Now
9. YoBit Join Now
10. AEX Join Now
11. LBank Join Now
12. WhiteBIT Join Now
13. Biconomy Join Now


Conclusion

Choosing the best cryptocurrency platform for Ethereum Classic (ETC) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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