Bitget App
common_footer.down_desc
common_header.buy_cryptocommon_header.marketscommon_header.tradecommon_header.futurescommon_header.social_tradingcommon_header.grid_tradingcommon_header.earn

How to buy Ethereum Classic (ETC) Guide

update_on 2024/11/01 04:35:45(UTC+0)
intro-rocket.png
coin.nav_title
1
coin.intro_nav1
2
coin.intro_nav2
3
coin.intro_nav3
4
coin.intro_nav4
5
coin.intro_nav5
6
coin.intro_nav6
7
coin.intro_nav7

coin.intro_nav1

coin.step_guide_desc

coin.step_by_step

coin.step1_title

coin.step1_guide

coin.step2_title

coin.step2_guide1
coin.step2_guide2

coin.step3_title

coin.step3_guide1
Complete your payment on Bitget App image 1coin.credit_bankcard_app
Enter the bank card details to complete your payment on Bitget Website image 1coin.credit_bankcard_web
coin.step3_guide2
Complete your payment on Bitget App image 2coin.add_bankcard_app
Enter the bank card details to complete your payment on Bitget Website image 2coin.add_bankcard_web
coin.step3_guide3
player.png
coin.video_desc1
coin.step3_guide4
player.png
coin.video_desc2
coin.step3_guide5_default
player.png
coin.video_desc3
coin.step3_guide6_default
coin.step3_guide7

coin.step4_title

coin.step4_guide
Check your Assets
coin.check_assets

coin.intro_nav2

coin.intro_nav2_desc

coin.intro_nav2_title1

coin.intro_nav2_desc2
Bitget Convert Preview
coin.convert_preview

coin.intro_nav3_title1

coin.intro_nav3_desc1
coin.intro_nav3_desc2

coin.intro_nav3

coin.intro_nav3_desc3
coin.intro_nav3_desc4
coin.intro_nav3_desc5
coin.intro_nav3_desc6
coin.intro_nav3_desc7
coin.buy_complete_note
Ethereum Classic
coin.price_now
ETC / USDT
$18.6
-0.75
-4.00%24H
coin_des
coin.plan_buy
coin.plan_buy_survey
wallet.yes
wallet.no

coin.diff_country

coin.buy_in_regions
welcom-login.png
coin.login_welcome
arrow-right.png

coin.country_buy_title

coin.country_buy_desc1
coin.country_buy_desc2

coin.trade_smarter

coin.login_welcome

What can you do with Ethereum Classic?

coin.buy_next_des
store.png

Store/Hold Ethereum Classic

Many users hold on to their Ethereum Classic with the expectation of it increasing in value. You can store your ETC safely on your Bitget account or on our crypto wallet app BG Wallet, the most user-friendly and secure mobile wallet.

sell.png

Trade Ethereum Classic

You can trade Ethereum Classic for 150+ cryptocurrencies on Bitget’s industry-leading, fast, and secure trading platform. Bitget offers many trading pairs for Ethereum Classic trading to meet your needs.

trade2.png

Send Ethereum Classic

Yes, Bitget allows you to easily transfer value around the world, fast. You can buy Ethereum Classic online and send to anyone and anywhere with their Ethereum Classic address.

send.png

Spend Ethereum Classic

You can also buy goods and services with your Ethereum Classic. More and more vendors and retailers accept Ethereum Classic every day.

earn.png

Donate Ethereum Classic

Bitget Charity accepts Ethereum Classic donations for global projects that aim to improve the lives of people in the bottom billion. You can donate Ethereum Classic so no one misses out on the growth made possible by blockchain.

learn.png

Learn More About Ethereum Classic

You can read more in-depth articles on Ethereum Classic from Bitget Research and study how cryptocurrencies like Ethereum Classic work on Bitget Academy

coin.intro_nav5

coin.want_buy_des

What is Ethereum Classic (ETC)?

A major exploitation happened on the Ethereum blockchain in 2016, resulting in a loss of 3.6 million ETH, which amounted to roughly USD 60 million that year and might cost billions of USD today. The hack caused massive repercussions in the whole crypto industry: investors were panicked and sold off, while crypto-critics were putting blockchain on full blast and Ethereum developers were scurrying to find a way to solve the problem since they had only 28 days before the hackers could completely cash out the 5% total supply of ETH in circulation that were stolen.

Then came a solution: reverting the Ethereum blockchain to before the hack happened, so that those who were affected by the exploit got to keep their money and everything went on as if the unfortunate event had never happened. The solution was approved by the majority of voter-miners and was endorsed by Vitalik Buterin, the creator of the chain. Therefore, Ethereum was reversed and the hack did not exist on the new hard fork, which has then become the main Ethereum, while the original chain that still contains the theft has then been called Ethereum Classic.

Ethereum Classic, despite being less popular than its brother, is supported by many who have the mentality “Code is King” and think that the immutability of blockchain needs to be maintained at all costs. Ethereum Classic supporters consider the reverse of the exploit goes against what blockchain stands for and compromises the quintessential security of the technology. Security is also the very reason why they choose to stick with PoW after Ethereum moves to PoS. On the Ethereum Classic website, the developers claim that PoW is more secure because they have a 50% fault tolerance while it takes only a 33% fault tolerance to influence a PoS network. That being said, Ethereum Classic suffered multiple 51% attacks in 2019 and 2020.

How Ethereum Classic (ETC) Works

Ethereum Classic and Ethereum are technically identical until block number 1,920,000, which is the block where the theft was recorded. As Ethereum transitions from PoW to PoS, Ethereum Classics, originally, was planned to support PoS like Ethereum too. But after a few updates and debates, the developers of Ethereum Classic decided to stay with PoW, compromising speed and scalability for security. The team admits that Ethereum Classic is “conservatively run”, committed to the purist’s ideas of blockchain. Though the majority of Ethereum Classic is similar to Ethereum pre-Merge, the significant differences are:

- Prioritization of integrity and security over speed and scalability

- Full replication of data rather than fragmentation of data in Ethereum

- The token of Ethereum Classic, ETC, having a hard cap, unlike Ethereum’s ETH, to ensure property rights of holders

The PoW consensus mechanism that Ethereum Classic adopts is criticized by many to consume too much energy and be too slow to process daily transactions. Yet, the supporters rebuke with the claim that PoW enables the network to be much safer, and therefore, it is ideal to be used as a layer 1 to process bulks of transactions and Ethereum can be used as a layer 2 to group together transactions to send to Ethereum Classic.

How Many ETC Tokens Are There in Circulation?

Different from ETH which does not have a predetermined total supply, ETC has a total supply of 210,700,000. The hard cap of ETC was voted on 5 months after its launch. At the moment, the circulating supply of ETC is 137,012,968.83.

ETC block rewards for miners decrease over time. Since April 2022, the reward for mining one Ethereum Classic block is 2.56 ETC.

How to Buy Ethereum Classic (ETC)

Consider investing in Ethereum Classic (ETC)? It only takes 2 minutes to create an account on Bitget and start trading ETC.

Check out the available ETC trading pairs on Bitget!

Futures market

ETCUSDT

Spot market

ETCUSDT

ETCBTC

Ethereum Classic Resources

Whitepaper

Official Website

coin.intro_nav6

coin.want_buy_content1
coin.want_buy_content2
coin.want_buy_content3
  • coin.want_buy_content4
  • coin.want_buy_content5
coin.want_buy_content6
coin.want_buy_content7
coin.want_buy_content8

coin.want_buy_title2

coin.want_buy_desc2
coin.want_buy_desc3
hand-coin.png

How to buy Ethereum Classic (ETC) Guide

faq.title
faq.question1
faq.answer1
faq.question2
faq.answer2
faq.question3
faq.answer3
faq.question4
faq.answer4
faq.question5
faq.answer5
faq.question6
faq.answer6
Cryptocurrency investment activities, including actions done to buy Ethereum Classic online via Bitget, are subject to market risk. Bitget provides easy and convenient ways for you to buy Ethereum Classic instantly, and we put our best efforts to fully inform our users about each and every cryptocurrency we offer on the exchange, but we are not responsible for the results that may arise from your Ethereum Classic purchase. This page and any information in it is not meant to be interpreted as an endorsement of any particular cryptocurrency or method of acquiring it.