I want to buy ethereum classic

They would hold a significant share of the ETC hashrate, allowing them to control the network. As it stands, it would not be the first time Ethereum Classic would experience such an attack with its cryptocurrency taking a hit thereafter. A group of influential Chinese miners has already announced that they will be trying to fork Ethereum once more, creating other PoW alternatives to Ethereum Classic. The more forks there are, the more competition there could be for Ethereum Classic after the Merge.

After all, current speculation has it that there could be more than half a dozen Ethereum forks following the Merge update. Several different exchanges support Ethereum Classic. They include Binance , Gate. Step 2: Create an account with an exchange Visit the website of your preferred crypto exchange CEX or download their app if they have one. Next, register an account and complete the know-your-customer KYC process to trade. It will be required of you to provide personal information such as name and address.

If done correctly, this process will only take a few minutes. After submitting the documents and receiving an initial approval, most crypto exchanges let you use the account right away. However, if you want to have each and every account feature available, you will need to go through extra identification. In terms of security, it is wise to activate 2-factor authentication as well as other safety measures delayed withdrawals and withdrawals only to white-listed addresses. Step 3: Fund your account Add funds to your exchange account or connect one of the supported payment methods with your account.

You can wire funds from a bank account, which will be free of charge but take a few business days to process. Another option would be to use a credit card, which comes with higher costs though. The crypto exchange will credit ETC coins to your exchange account. Crypto Asset Statement Ethereum Classic is the continuation of the unaltered history of the original Ethereum chain.

Ethereum Classic allows uncensorable smart contracts to be written, deployed and executed; ETC enables truly unstoppable programmable money. You trade coins that you have — either a cryptocurrency or a dollar — for Ethereum Classic, which trades as ETC. Verifying your identity helps us to properly connect your funds to your account. To the moon! In , after a controversial hard fork, Ethereum mainline spawned a new network with new consensus rules, giving birth to Ethereum Classic.

Today, it continues to follow the original network rules and has maintained the original Ethereum vision ever since.

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