Where To Buy Ethereum Classic?
If you are looking for where to buy Ethereum Classic cryptocurrency, we will show you how to buy Ethereum Classic coin for another cryptocurrency using the StealthEX exchange platform. StealthEX is a convenient and user-friendly cryptocurrency exchange.
What Is Ethereum Classic?
Ethereum Classic is a cryptocurrency and platform used to develop decentralized apps. ETC coin can be used as an asset for transactions as well as for creating your digital coins based on blockchain.
Ethereum Classic History
The Ethereum network was launched in 2015 by Vitaly Buterin. Moreover, a DAO fund was created to develop all future apps based on Ethereum. Once users noticed an error in the code, but the creators didn’t pay much attention to it, deciding that it wasn’t dangerous. As a consequence, the loophole was exploited by attackers, who stole about a third of all funds stored on the DAO platform in June 2016.
The cryptocurrency community was divided into two groups. Some assured that no action needed to be taken, while others were sure that the developers had created a token that needed to be improved.
As a result, the ETC cryptocurrency appeared. It’s a hard fork of the original coin. The reason was the divergence of opinion of the participants regarding the further development of the crypto network.
ETC Coin Review
The ETC crypto has three main qualities. These are operational stability, immutability, and high liquidity on the exchange market.
One of the features that make the Ethereum Classic price go up is increased protection against hackers. During its existence, the network has experienced many attacks, but none of them was successful.
For the Ethereum Classic platform, many improvements have been worked out:
- A limit on the maximum number of ETCs. This will keep the inflation rate in check and control its size. The issue is limited to 210.6 million coins.
- Ability to conduct financial transactions via RingCT and zkSNARK.
- ECIP-1027. Increasing the number of coins with side chains. This idea would help prevent hang-ups and transaction problems.
Where To Buy Ethereum Classic?
These features make ETC a promising cryptocurrency. If you want to know will Ethereum Classic go up, need to exchange it, or want to find out the exact ETC coin price, use StealthEX. Here you can select from over 350 tokens and make transactions quickly.
How To Buy Ethereum Classic?
You can study a detailed article with an exchange guide on our YouTube channel or just go to StealthEX and follow these easy steps. Let’s imagine you want to exchange Ethereum to Ethereum Classic. To make an exchange, you need to take a few simple steps:
First, you should choose Ethereum in the left drop-down list. Then choose ETC in the right list of coins.
After setting the pair it is necessary to enter the amount of ETH you want to exchange.
Here you will see the estimated amount of ETC crypto that you will receive after the exchange.
Now when everything is set for the exchange, press the START EXCHANGE button and you will be taken to the next page.
As the second step, you need to provide the Ethereum Classic coin recipient address. The recipient address must match the cryptocurrency you are going to receive. Remember to double-check the information you enter prior to the exchange as the transaction you make cannot be canceled.
As soon as you have carefully checked all the details, you can press the NEXT button and you will be redirected to the CONFIRMATION page with the information about the exchange.
Pressing the NEXT button you will be redirected to the EXCHANGE page.
At first, you will see the address where you need to send your ETH coin to continue the exchange. StealthEX will also provide you with the exchange ID. It will allow you to keep all the information about the swap. It is recommended to save your exchange ID or the link to your exchange.
After sending Ethereum to the shown address, the information on the EXCHANGE page will be renewed automatically. The EXCHANGE page has several statuses that will change during the time of the exchange.
- The first status is Awaiting deposit.
- The following status is Confirming. This means that StealthEX is confirming the transaction you made.
- The next status is Exchanging. During this time the exchange is being made.
- Then the status will be changed to Sending to your wallet. This indicates that there are just a few minutes left until you will receive your ETC coin.
Finally, you will be redirected to the FINISH page. This shows that the exchange has been successfully made and you will receive ETC crypto to the address provided. To be sure that Ethereum Classic was sent to your wallet you can also use the Output hash shown on this page and check it in the Ethereum Classic blockchain list of transactions.
From here you can either create a new exchange on StealthEX.io or leave the page and check your Ethereum Classic wallet to be surprised at how fast you got ETC crypto. Usually, the process is quite rapid so you won’t need to wait long.
If you have remaining questions about the StealthEX exchange service you can go to our FAQ section and find all the necessary information there.
We are always ready to give you support if you have any issues with exchanging coins. Our team does our best to protect all members and answer their questions. For all requests message us via [email protected]
You are more than welcome to visit StealthEX exchange and see how fast and convenient it is.
February 8, 2021