Ethereum Classic (ETC) is a cryptocurrency that has existed since 20 July 2016, as a result of the demerger of the Ethereum blockchain. The spacing took place by means of a hard fork: an adjustment in the source code of the Ethereum blockchain, in order to reverse a large-scale hack.

How To Buy ETC

So you’re interested in buying ETC? Currently, there is no way to buy ETC directly with fiat, so the best way to buy ETC is to first purchase Ethereum, transfer it to your chosen trading platform and change it to ETC. We’ll show you how.

1. Firstly you will need to visit Binance and create your account.

2. Once your account has been created and confirmed, log into your Binance account. Once you have logged into the account, go to the menu, click on the funds section and then deposit on the drop down bar.

3. Once you’re on the Deposit section, click the drop down menu labeled “Select Deposit Coin” and look for Ethereum, or type ETH and select.

4. This is your Ethereum Deposit Address, we have chosen Ethereum instead of Bitcoin due to the lower fees and transfer times. Next we’re going to look at buying Ethereum and depositing it into your Binance account.

Buy Ethereum

To buy Ethereum, we’re going to use an exchange called CEX.io. Here you will be taken to the purchase page, where you can buy your Ethereum.

1. First change the Buy option from BTC to ETH for USD and then choose your amount.

2. When you have chosen the amount of Ethereum you want to purchase (A minimum of 0.05 ETH is required), you will need to register and confirm your CEX account and payment details.

Once that has been confirmed and the ETH has been deposited into your account, we will then need to move it over to Binance.

3. Select the Withdraw option at the top of the site and select Ethereum as your currency. You will then be given a field, where you will add a wallet. This is where you can transfer your money to Binance.

4. Go back to your Binance Account and copy the alpha numeric code under your Ethereum Deposit section and paste it into your Ethereum Withdrawal section on CEX.io. Confirm that this address is correct and press “Withdraw“.

Your Binance account will now be credited with Ethereum.

Purchasing ETC

1. Now you’re back on your Binance account click the Exchange section and choose Basic. This is the Binance trading platform.

2. On the trading platform, select the ETH section and use the search function to search for ETC/ETH and confirm.

3. On the ETC/ETH trading section you can now choose how much ETC you want to buy with your Ether. Once you have chosen your amount, press Buy ETC and place your order.

Once your order has been fulfilled, your account will be credited. Congratulations you’re now the proud owner of ETC.

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