Where and how to buy Ethereum Classic in Canada
Step-by-step guide
Step 1: Create a Bitget account.
Step 2: Complete Bitget's identity verification.
Step 3: Place a Ethereum Classic order through any of the various payment options provided.
Credit/Debit in the Buy Crypto tab of the Bitget app
Credit/Debit in the Buy Crypto tab of the Bitget website
Add a new card to complete your payment on the Bitget app
Enter your bank card details to complete your payment on the Bitget website
Step 4:Monitor Ethereum Classic in your Bitget spot account
Alternative methods to obtain Ethereum Classic in Canada
Convert crypto to Ethereum Classic with Bitget Convert
Swap on-chain assets to Ethereum Classic with Bitget Swap
Methods to obtain Ethereum Classic for free
Buy other cryptos
Buy Ethereum Classic in a different country
How to buy Ethereum Classic in other countries?
What can you do with Ethereum Classic?
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.
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.
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.
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.
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 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
Market stats to assist in determining optimal times for purchasing Ethereum Classic
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
Spot market
Ethereum Classic Resources
Buy Ethereum Classic in Canada with Bitget
How to safely store your Ethereum Classic
- Sign up and transfer ETC to your Bitget account.
- Alternatively, use Bitget Wallet as a self-custody solution for your ETC.
How to withdraw Ethereum Classic with Bitget's hassle-free withdrawal process
Canada is a country located in North America, it is bordered by the United States on land and the Atlantic Ocean to the east, and the Pacific Ocean to the west. Canada is not only the second-largest country by the total area of land, but also has the world's longest land border. Canada has a population of 36,991,981, and the currency is the Canadian dollar (CAD). The official languages in Canada are English and French, and both languages are supported on Bitget app and website.
The climate in Canada varies across different regions within the country, some of the areas experience harsh winters (with an average daily temperature of -15 °C). Much of the land in the northern part of Canada is covered by ice and permafrost and it is home to the Inuit people in Canada. The Inuit are the indigenous group of people who live in extremely cold weather such as in places like Alaska, northern Canada, and Greenland. You can go to Inuit Nunangat, a place where many Inuit people live, to experience the weather and see the houses that are made out of the seal’s skin.
Whether you are in Montreal, Calgary, or Vancouver, Bitget is ready to serve you with any kind of cryptocurrency needs. You can buyEthereum Classic(ETC)easily on Bitget, and enjoy full products and services such as crypto deposit, P2P, spot, and futures trading.
When investing in crypto currencies you want to be sure to rely on one of the best canadian crypto exchanges. Bitget is listed among the top crypto exchanges in Canada and offers a variety of crypto trading products to provide you with the best trading instruments in the crypto market.
With the Bitget App you will be able to track all the crypto currency prices at anytime. Whether you are a daily trader or a long term holder in Bitget you will find products for spot trading, cryptocurrency futures, trading bots, copytrading and much more.
If you haven’t heard of it yet, socia l trading and copytrading are some of the new trading concepts in the crypto industry. Those instruments allow you to look for the best crypto traders on Bitget and copy their strategies.
ETC to local currency
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