Buy Ethereum Classic ETC Price Today, Live Charts and News

Ethereum Classic will not receive the awaited ETH 2.0 update due to the split. Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current. Our information is based on independent research and may differ from what you see from a financial institution or service provider.

Ethereum has a more centralized system, with a core development team that makes decisions about the platform’s future. In contrast, Ethereum Classic has a more decentralized approach to governance, with decisions made by the community through a consensus process. For instance, Colin Wu believes a 51% attack could happen if any of the leading Ethereum miners move to ETC. They would hold a significant share of the ETC hashrate, allowing them to control the network.

How is Ethereum Classic mined?

Ethereum was launched in 2015 as an open-source and blockchain-based decentralised platform with its own cryptocurrency, called Ether. The main purpose of the network is to enable smart contracts and distributed applications (DApps) that can be developed by third parties. Presenting How to buy ethereum classic its key purpose, Ehtereum mentions that it allows everyone to “codify, decentralise, secure and trade just about anything”. A decentralised venture capital fund running on the Ethereum blockchain called the DAO hack raised around 168 million US dollars in May 2016.

• 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.
• Card transactions also provide an instant solution to get you into the cryptocurrency game immediately – no waiting for funds to settle.
• But like all cryptocurrencies, the ETC coin was also susceptible to the crypto market crash of 2018 and soon the price of ETC fell steeply over the course of a few months.
• It is one of the most reputable exchanges to currently offer Ethereum Classic (ETC) trading opportunities and currently accept clients from all over the world.
• Finder monitors and updates our site to ensure that what we’re sharing is clear, honest and current.
• Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH.

Users pay transaction fees as with Ethereum, and miners collect them based on work done as per the proof-of-work (PoW) mining algorithm. 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. At the same time, you will need to provide an official public document (driver’s license, ID, or passport) and upload a proof of address (utility or tax bill). Buying Ethereum Classic with credit card instantly is the most simple and effective way to purchase new generation alternative assets.

Step 3: Fund your account

When comparing offers or services, verify relevant information with the institution or provider’s site. Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market. Find an exchange to buy, sell and trade ETC by comparing deposit methods, supported fiat currencies and fees.

This will ensure that the ETC rewards you earn are stored securely. ⧫ Set up an account with a wallet that supports Ethereum Classic (ETC) crypto. As the continuation of the original Ethereum blockchain, Ethereum Classic remains committed to maintaining its original motto of providing a censorship-resistant platform for dApps. As long as the community supports the open-source blockchain, it could grow.

Transfer coins to a web/software wallet

Ethereum Classic hosts an extended and constantly growing collection of decentralised applications and protocols. They are programmed to run without downtime, third-party interference and any censorship. ETC Classic provides the opportunity to manage digital assets without intermediaries, including financial institutions and banks. Investors should consider the investment objectives, risks, and charges and expenses of a mutual fund or ETF carefully before investing. A mutual fund or ETF prospectus contains this and other information and can be obtained by emailing

For instance, in a real-estate deal, if the contract required an upfront deposit and the concerned party failed to do so, then the contract could get voided. Welcome, and please be invited to discover the past, present, and future of Ethereum Classic; its principles, value proposition, community, and more – to understand why Classic. Compare today’s price of Ethereum Classic ($18.33 USD) against its all-time high (ATH) price of $167.09 on May 06, 2021.

How to buy Ethereum Classic

However, it is unlikely that the Ethereum Classic ecosystem could ever compete with Ethereum, which remains the largest ecosystem hosting dApps. The ETC price action could trend higher as the Ethereum Classic ecosystem grows in the future and more dApp developers build and deploy their applications on it. This could increase the on-chain activity of the blockchain, drive the Ethereum Classic price higher, and make ETC more valuable to invest in and hold. To trade with ETC, deposit any cryptocurrenct that is supported by OKX such as BTC, ETH, or SOL. Then navigate to our trading terminal, select ETC and the relevant token you want to swap it with to complete the trade.

Before investing in an ETF, be sure to carefully consider the fund’s objectives, risks, charges, and expenses. When the hack occurred, the community voted and decided to fork the network with an overwhelming 97% vote, and Ethereum Classic came from the split, along with the Ethereum mainnet token – $ETH. Both networks operate smart protocol and act as payment intermediaries, but the popularity of the Ethereum network has sometimes overshadowed the Ethereum Classic network.

Find all the information you need with Alexandria, CoinMarketCap’s dedicated education resource. Ethereum Classic’s main aim is to preserve the Ethereum blockchain as it originally was, without artificially countering the DAO hack. Ethereum Classic first set out to preserve the integrity of the existing Ethereum blockchain after a major hacking event led to the theft of 3.6 million ETH. Since its launch, Ethereum Classic has sought to differentiate itself from Ethereum, with the two networks’ technical roadmap diverging further and further from each other with time. Another factor that could disfavor Ethereum Classic after the Merge would be the creation of yet other forks such as ETHPoW for example.