How to Buy Ethereum Classic (ETC)
Ethereum Classic (ETC) was created in 2016 when a group of Ethereum (ETH) users elected not to upgrade to new code recommended by project developers.
Since that code made changes that would make it incompatible with earlier Ethereum versions, anyone who continued to use older software was effectively left using a new cryptocurrency.
This means Ethereum and Ethereum Classic’s technology initially had the same features. However, buyers should note Ethereum Classic has since differentiated its technology.
We unpack more details about the difference between Ethereum and Ethereum Classic in our full “What is Ethereum Classic?” guide. If you’re unsure whether Ethereum Classic makes sense for your portfolio, it’s recommended reading.
Ready to dive in?
If you’re not sure if you’ve got the basics, this guide will show you how to buy ETC and store it safely. If you’d like to jump right in and buy now, click the button below.
Why buy ETC?
Ethereum Classic allows developers to create new cryptocurrencies and decentralized applications that can run autonomously on a blockchain.
These programs, more commonly known as decentralized applications, can include anything from exchanges to prediction markets to games.
Some investors would also argue Ethereum Classic’s fixed supply makes it a good store of value, as its cryptocurrency should become more scarce over time.
Other reasons you may want to buy ETC
- Use its ecosystem of decentralized applications
- Hold your money in a cryptocurrency with a finite supply
- Trade cryptocurrencies to pursue profits
- Voice your belief in the technology’s long-term potential
Where to buy ETC
The simplest (and fastest) way would be to buy Ethereum Classic directly from other traders on a cryptocurrency exchange like Kraken.
Thanks to our world-class security team, Kraken is one of the most secure and trusted exchanges in the industry. Whether you’re buying Ethereum Classic, or any other cryptocurrency, you can be certain that your transactions are safe and secure.
How much ETC can I buy?
Looking to buy ETC on a budget? Don’t worry, Kraken offers a minimum order size of 1 ETC to help you gain exposure to a variety of assets.
Of course, you can also execute larger ETC buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 4,000 ETC or more on Kraken.
How to buy ETC on Kraken
We make buying Ethereum Classic safe and easy. Just follow these simple steps to get started:
Sign up for a Kraken account
You can sign up with just an email address, username and a strong password.
Verify your account
To start trading, however, we’ll need your name, date of birth, country and phone number. If you own Bitcoin or Ether, you can deposit it right away and buy Ethereum Classic.
If you want to purchase Ethereum Classic with cash from your bank (e.g. USD or EUR), you’ll need to provide ID and proof-of-residence documents. Learn more about the different verification levels here.
Deposit cash or cryptocurrency
Depositing crypto to Kraken is as simple as sending it to a friend. Just generate a new deposit address in your Kraken account to receive funds from your crypto wallet. We also have a selection of bank funding methods for cash to choose from.
Once your account is funded with cash, you’re ready to buy ETC. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.
24/7/365 Customer Support
Trading should not be hard! If you run into any trouble buying Ethereum Classic, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your ETC
Now that you’ve bought ETC, you’ll need somewhere to put it. Kraken is secure, but it’s always safest to store your crypto in a wallet. A wallet is a software or hardware device that holds the public and private keys required to make cryptocurrency transactions.
There are many types of wallets available. Mobile and web-based wallets make frequent transactions easy. Hardware wallets are best suited for secure, long-term storage. When you’re choosing a crypto wallet, think of what you plan to do with your tokens. A wallet that best suits your needs is always the right choice.
Kraken is not a wallet service
Kraken allows users to hold funds on the exchange, but is not a wallet service. We recommend moving any funds you don’t intend to trade with into your personal wallet.
Start buying ETC
If you’re ready to get started, click the button below!