Last update: Jun 6, 2022

How to Buy Ethereum Classic (ETC)

Marco velaAuthor: Marco Vela - Fact-checked ✓

So you’re looking for a guide on how to buy Ethereum Classic. Depending on where you’re based, you’ll have various crypto exchanges to choose from.

In this guide, we not only cover the top 3 global cryptocurrency exchanges, but also the best exchanges for Australia, Canada, and the UK.

Let’s get started!

Ethereum classic

How to Buy Ethereum Classic – 4 Easy Steps

1. Choose a crypto exchange

Finding a cryptocurrency exchange isn’t that hard. There are plenty of big players out there that have been around for quite some time.

This is where our comparison tables can help. The important factors to look for are fees, security, and if they have Ethereum Classic of course.

2. Sign up with the crypto exchange

Signing up with any of the major exchanges is generally very easy. The initial sign up should be very fast, and even the verification processes are very well set up these days.

3. Fund your account

Next, you would need to fund your account with either fiat money (USD, AUD, GBP, CAD, etc) or another cryptocurrency like BTC or ETH. This process should again be straightforward and easily done using one of the bigger exchanges.

4. Buy Ethereum Classic

Now that you have what you need to buy Ethereum Classic, head over to the market or buy section of the cryptocurrency exchange and buy some ETC.

If the crypto exchange doesn’t have any Ethereum Classic on offer, for most cryptocurrencies you can buy Ethereum instead, transfer it to a decentralized exchange like Uniswap (check if Uniswap has Ethereum Classic first), and trade your Ethereum for Ethereum Classic.

Where to Buy Ethereum Classic (ETC)

These are our top 3 exchanges based on the number of cryptocurrencies on offer, security, ease of use, and fees.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
BinanceUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
FtxUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX
Etoro logoUSD, GBP, AUD, EUR, and more50+credit card, skrill, paypal, bank transfer, and moreVisit eToro
Disclaimer: Cryptocurrencies are volatile and may involve a lot of risk. Their performance is very unpredictable and past performance is no guarantee of future performance. Consult a financial advisor or obtain your own advice independent of this site before relying and acting on the information provided.

How to Sell Ethereum Classic

  1. Sign into the cryptocurrency exchange where you bought Ethereum Classic.
  2. Move your Ethereum Classic to the right place on the cryptocurrency exchange. Some exchanges have trading accounts you need to use for buying and selling.
  3. Sell Ethereum Classic.

 

Crypto trading

How to Buy Ethereum Classic (ETC) in Australia

Looking at Australian crypto exchanges, it's always good to check if the exchange is registrered with AUSTRAC (Australian Transaction Reports and Analysis Centre). In addition, it would be handy if the exchange has integrated with POLi pay and PayID for instant AUD deposits.

If you’re looking to buy Ethereum Classic in Australia, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with AUD.
  4. Buy Ethereum Classic if it’s available. If the exchange doesn’t have Ethereum Classic. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Classic), and trade your ETH for Ethereum Classic.

Alternatively, if you want to learn more about the exchanges we prefer, read our comparison of the most popular crypto exchanges in Australia.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Swyftx logoAUD, NZD300+bank transfer, POLi pay, PayID, credit cardVisit Swyftx
Binance logoUSD, AUD, EUR, GBP, CAD, CNY, and many more.350+Credit card, Cryptocurrency, Debit card, and moreVisit Binance
Ftx logoUSD, EUR, GBP, AUD, HKD, CAD, CHF, BRL250+Wire transfer, Credit card, Silvergate Exchange Network, SIGNETVisit FTX

How to Buy Ethereum Classic (ETC) in Canada

When researching Canadian crypto exchanges, make sure they're registered with FinTRAC (Financial Transactions and Reports Analysis Centre of Canada) and ideally support Interac e-Transfer (in addition to wire transfer and maybe credit cards) for smooth CAD deposits.

If you’re looking to buy Ethereum Classic in Canada, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with CAD.
  4. Buy Ethereum Classic if it’s available. If the exchange doesn’t have Ethereum Classic. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Classic), and trade your ETH for Ethereum Classic.

Also, check out our comparison of the Canadian cryptocurrency exchanges If you’re curious to know more about which ones we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Bitbuy logoCAD15+Wire transfer, Interac e-TransferVisit Bitbuy
Coinberry logoCADBitcoin, Ethereum, Litecoin, BCH, XLMInterac e-Transfer, Wire transfer, Credit card, Debit cardVisit Coinberry
Ndax logoCADBitcoin, Ethereum, Litecoin, and 4 morewire transfer, Interac e-Transfer, Bank draftVisit ndax

How to Buy Ethereum Classic (ETC) in the UK

We recommend only looking at UK cryptocurrency exchanges that are registered with the FCA (Financial Conduct Authority). As for GBP deposit methods, the top exchanges should support FPS transfers (Faster Payments Service) and ideally credit/debit cards.

If you’re looking to buy Ethereum Classic in the UK, the process remains the same:

  1. Find a cryptocurrency exchange below.
  2. Sign up for an account.
  3. Fund your account with GBP.
  4. Buy Ethereum Classic if it’s available. If the exchange doesn’t have Ethereum Classic. You can buy ETH instead, transfer it to a decentralised exchange like Uniswap (check first if Uniswap has Ethereum Classic), and trade your ETH for Ethereum Classic.

You can also check out our comparison of the top exchanges to buy and sell cryptocurrency in the UK if you’re looking to learn more about which exchanges we like.

ExchangeFiat currenciesCryptocurrenciesDeposit methodsSite
Cex logoGBP, USD, EUR10+Bank transfer, credit card, debit cardVisit CEX
Coinjar logoGBP50+Bank Transfer (FPS), Visa, MastercardVisit Coinjar
Coinbase logoUSD, GBP, EUR150+Bank transfer (FPS), credit/debit cardVisit Coinbase

Cryptocurrency trading

Considering buying Ethereum Classic? ETC Rundown

Ethereum Classic (ETC), a hard fork (ETH) of Ethereum (ETH), was launched in July 2016. It functions as a smart contract network that can host and support decentralized apps (DApps). Its native token is ETC.

Ethereum Classic launched in an effort to distinguish itself from Ethereum. However, the technical roadmaps of both networks have diverged over time.

After a major hacking incident that resulted in the theft of 3.6 Million Ethereum, Ethereum Classic was first created to protect the integrity of Ethereum's existing blockchain.

Ethereum Classic's primary goal is to keep the Ethereum blockchain the way it was originally, without artificially countering DAO hacks.

Although initially it appealed to people who disagreed with Ethereum's response in the beginning, the legacy network has gained a larger fan base that includes major investors like Barry Silbert, CEO at Grayscale Investments.

The developers of ETC are a volunteer organization and do not intend to make the network a profit. Transaction fees are paid by users as with Ethereum. Miners receive them based upon work performed according to the Proof-of-work (PoW), mining algorithm.

Ethereum Classic is not a proof of-stake (PoS), mining algorithm. However, multiple developers are still working on future improvements, such as scaling solutions.

Related:

author Marco Vela

A crypto obssessed digital marketer passionate about making a difference in the world. When he's not behind the computer he can be found hiking, camping and relaxing with his dog.