Discover how to buy Ethereum Classic (ETC) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Ethereum Classic (ETC) is currently at
S$14.8616
-S$0.05090 (-0.34%)
Last updated on --.
How can I buy Ethereum Classic on OKX?
Whether you're new to crypto or an experienced trader, you can buy Ethereum Classic using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Ethereum Classic
Select Ethereum Classic and buy using your chosen method.
Step four
Receive your Ethereum Classic
Confirm your purchase and store your Ethereum Classic in your portfolio.
What's Ethereum Classic?
Ethereum Classic is like a digital playground where people can build and run programs without anyone controlling them. It was created to keep the original version of Ethereum after a disagreement. Imagine it as a sandbox where you can play and create without rules, solving the problem of needing a trusted middleman for transactions and contracts.
How can I buy Ethereum Classic?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Fund your account using a bank transfer, credit card, or other local payment methods. 3) Once your account is funded, navigate to the trading section, search for Ethereum Classic, and place a buy order by entering the amount you wish to purchase.
Why do people buy Ethereum Classic?
People buy Ethereum Classic because it allows them to use decentralized applications and smart contracts. It is valued for its commitment to immutability, meaning once something is recorded, it can't be changed. This makes it useful for applications needing trust and transparency, like voting systems or supply chain tracking.
Things to know before buying Ethereum Classic in the United States
In the United States, cryptocurrencies like Ethereum Classic are legal but regulated. You must complete KYC verification to trade, ensuring compliance with AML laws. Tax implications include reporting capital gains or losses when selling, and income from staking may be taxable. Always consult a tax professional for guidance.
What are other ways to own Ethereum Classic?
You can obtain Ethereum Classic through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs that reward you for learning about crypto. Staking or providing liquidity can earn you rewards, but these require effort and understanding of the risks involved, such as market volatility.
How can I store my Ethereum Classic?
To keep your Ethereum Classic safe, you can use custodial wallets, where a service holds your tokens, or non-custodial wallets, where you control them. Hot wallets are online and convenient but less secure, while cold wallets are offline and safer. Always back up your wallet and keep recovery phrases secure to prevent loss.
Why should I buy Ethereum Classic on OKX?
Learn more about the security measures keeping your Ethereum Classic safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Ethereum Classic (ETC)
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How to get Ethereum Classic for free
Invite friends, earn rewards
See how you can get free Ethereum Classic when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Ethereum Classic grow, for free. Put your crypto to work, 24/7.
Join airdrop campaigns
You can get free Ethereum Classic airdropped to you when you join campaigns.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Ethereum Classic
Take advantage of price fluctuations and trade your Ethereum Classic for other cryptocurrencies.
Send Ethereum Classic
Send your Ethereum Classic anywhere, anytime with fast, low-cost transfers.
Spend Ethereum Classic
Use your Ethereum Classic to pay for goods, services, and experiences seamlessly.
Hold Ethereum Classic
If you think your Ethereum Classic will increase in value, you can hold onto it.
Sell Ethereum Classic
Convert your Ethereum Classic to cash quickly and securely.
How to buy Ethereum Classic (ETC) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Ethereum Classic ETC safely on a trusted exchange like OKX.
Choose the best exchange to buy Ethereum Classic (ETC) depending on your individual needs. Factors to consider when picking the best place to buy Ethereum Classic (ETC) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Ethereum Classic. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Ethereum Classic (ETC), as well as fiat withdrawal options.
This depends on the method you use to convert Ethereum Classic (ETC) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.