Buy ETH Classic (ETC)

Ethereum Classic (ETC) is a decentralized, open-source blockchain platform that emerged as a result of a contentious hard fork in the Ethereum network in 2016. The hard fork occurred in response to the infamous DAO (Decentralized Autonomous Organization) hack, where a significant amount of funds were stolen. While the majority of the Ethereum community supported a hard fork to revert the transactions and recover the stolen funds, a minority believed in maintaining the immutability of the blockchain and continued to support the original Ethereum chain, which became Ethereum Classic.

ETH Classic operates similarly to Ethereum but with a few key differences. It uses a proof-of-work (PoW) consensus mechanism, specifically the Ethash algorithm, to secure the network and validate transactions. Miners solve complex mathematical puzzles to add new blocks to the blockchain and are rewarded with ETC for their computational efforts. This decentralized approach ensures that no single entity has control over the network, promoting censorship resistance and immutability. The platform enables developers to build and deploy smart contracts, which are self-executing contracts with the terms of the agreement directly written into code. Smart contracts on Ethereum Classic are written in Solidity, the same programming language used in Ethereum. These contracts can be used to create various decentralized applications (dApps) and execute functions such as token creation, decentralized finance (DeFi) protocols, and more. Ethereum Classic also supports fungible and non-fungible tokens (NFTs), allowing users to create and trade unique digital assets. One of the fundamental principles of Ethereum Classic is its commitment to immutability. Unlike Ethereum, which implemented a hard fork to reverse the DAO hack, Ethereum Classic maintained the original blockchain history and transactions. This commitment to immutability has its proponents who believe that the blockchain should be tamper-proof and resistant to any form of interference. However, it also means that Ethereum Classic does not benefit from the same network effects, development activity, or scalability improvements that Ethereum has achieved over time. Nonetheless, Ethereum Classic continues to exist as an alternative blockchain platform for those who value the principles of decentralization and immutability above all else.

Follow the steps below to easily and securely buy ETH Classic.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy ETH Classic and securely store it on our platform.

You can securely store your ETH Classic in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your ETH Classic. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy ETH Classic with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in ETH Classic with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy ETH Classic through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying ETH Classic is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like ETH Classic involves risks of losses. You can lose (part of) your deposit. Before you decide to buy ETH Classic, it is important to understand the risks.

Volatility: The price of ETH Classic can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of ETH Classic is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy ETH Classic through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy ETH Classic or other cryptocurrencies anonymously on a regulated crypto platform in Europe.