What can you do with Ethereum Classic?

Learn more about Ethereum Classic

1. How does Ethereum Classic work?

   Unlike traditional currencies, Ethereum Classic is not issued or maintained by a centralized government entity. Instead, a decentralized network of computer nodes is responsible for maintaining Ethereum Classic. This decentralization means the holders and users of Ethereum Classic can help to maintain the network.

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2. Where can I buy Ethereum Classic?

   Most find that the easiest and most secure way to purchase Ethereum Classic is through a reliable cryptocurrency platform like Kraken. While Ethereum Classic can be purchased using several different methods, Kraken offers the security, support and simplicity people often look for when buying cryptocurrencies like Ethereum Classic.

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3. How much does 1 Ethereum Classic cost?

   At the current market rate, it costs $16.50 to purchase one ETC. Kraken makes it easy to buy & sell Ethereum Classic with confidence.

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4. Can I buy $100 worth of Ethereum Classic?

   Yes, Kraken offers a secure and easy to buy $100 worth of Ethereum Classic. At its current price, $100 equals 6.06 ETC.

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5. Is it safe to buy Ethereum Classic?

   Kraken employs advanced security measures, including encryption and account protection, to ensure your Ethereum Classic purchase is secure. However, while Kraken provides a secure platform, market volatility can still affect your Ethereum Classic investment. You should do your own research on Ethereum Classic price before buying.

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6. Is Ethereum Classic available to buy and sell in my country?
   

   
   To find out if Kraken offers Ethereum Classic in your region, please check our Support article to see what cryptoassets are available in your country.
   

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7. Is Ethereum Classic a good investment?

   The short answer is, it depends on your own individual circumstances and risk tolerance. For those that see a long term prospect behind decentralization, Ethereum Classic may be a worthwhile purchase.

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8. Can I purchase Ethereum Classic using my local currency?
   

   Kraken supports six different government-issued fiat currencies including:
   

   • US dollars (USD)
   • Euros (EUR)
   • Canadian dollars (CAD)
   • Pounds sterling (GBP)
   • Swiss franc (CHF)
   • Australian dollar (AUD)

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9. How much is Ethereum Classic transaction fee?

   Kraken offers competitive fees for Ethereum Classic transactions, which are influenced by the trading amount and payment type. Learn more about Kraken’s fee structure.

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10. What is the minimum amount of Ethereum Classic I can buy?

    
    You can buy as little as $10 worth of Ethereum Classic on Kraken. Kraken also allows you to set up recurring buys (charges apply) so you can continuously accumulate small amounts of Ethereum Classic regularly.
    

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11. How to buy Ethereum Classic with PayPal?

    To buy Ethereum Classic with PayPal on Kraken, deposit funds by selecting "Deposit" on your account homepage. Choose an asset like Ethereum Classic, select PayPal as the method and connect your PayPal account if needed. Enter the deposit amount, confirm, and once funds are added, use them to purchase Ethereum Classic.

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12. How to buy Ethereum Classic with a debit card?

    You can buy Ethereum Classic using a debit card certain regions on Kraken. Learn more about our Supported currencies and payment methods here.

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13. How to buy Ethereum Classic with a credit card?

    To buy Ethereum Classic using a credit card, navigate to the "Buy Crypto" section, add your card details and follow the steps to finalize the transaction. Debit & credit card purchases are available to Kraken users with Intermediate or Pro level verified accounts and residence in a supported country. Kraken accepts Visa or Mastercard that support 3D Secure (3DS) which is in the same legal name as your Kraken account.

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14. How to buy Ethereum Classic with other cryptocurrencies?

    Kraken makes it easy to buy Ethereum Classic using other cryptocurrencies. If the direct trading pair is not available, you can use Kraken's Convert feature to seamlessly swap any listed crypto for Ethereum Classic. Browse the Ethereum Classic markets available on Kraken or use the Convert tool to trade between hundreds of cryptocurrencies quickly and easily. For a complete list of trading pairs, visit the Kraken support center.

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15. Can I transfer Ethereum Classic from Kraken to my crypto wallet?

    Yes, the Ethereum Classic you buy on Kraken is yours. Kraken makes it easy to withdraw your Ethereum Classic to any hot wallet or cold wallet that supports Ethereum Classic. Simply enter the external wallet address and your Ethereum Classic will be in your wallet a few moments later.

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16. Is it safe to keep Ethereum Classic on Kraken?

    We take every measure possible to keep the Ethereum Classic you choose to leave on Kraken secure and accessible to you. While we still believe the safest place for your crypto is in your own cryptocurrency wallet, we constantly strive to be as transparent and secure as possible when you trust us with your Ethereum Classic. Learn more about our globally-recognized security standards.

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17. What is the current circulating supply of Ethereum Classic?

    The current circulating supply of Ethereum Classic is 152,454,170 ETC.

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