What is Ethereum Classic (ETC)?
Ethereum Classic is the continuation of the unaltered history of the original Ethereum chain. The ETC network exists to preserve the principle of "Code is Law". Ethereum Classic allows uncensorable smart contracts to be written, deployed and executed; ETC enables truly unstoppable programmable money. You can buy and sell ETC for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade USDC for ETC the same way you trade CAD for USD. You can also trade ETC to CAD based on the USDC price. To learn how to buy ETC, scroll down to see how to buy Ethereum Classic.
How to buy Ethereum Classic (ETC)?
Here's how to buy Ethereum Classic on Coinsquare
To buy Ethereum Classic, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying ETC. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select ETC from the list on the trade section
Coinsquare lets you trade ETC without leaving the app. You can also check the Ethereum Classic price and convert ETC to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the ETC price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Ethereum Classic (ETC)
Congratulations! You’re now the proud owner of ETC. You can either HODL or use it to exchange ETC to CAD or any other cryptocurrency listed on Coinsquare.
Where do I keep my Ethereum Classic (ETC)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. Client assets are securely stored 1 to 1 in cold storage with approved custodians, kept separate from operational funds, and never utilized for lending purposes.
All client assets are held in trust with external, licensed custodians with a combined $680M USD in insurance. Additionally, CCML maintains Vault Risk insurance beyond those of its custodians that cover risks related to the cold storage of its clients’ crypto assets. And the cash held in your account is insured against insolvency by the Canadian Investment Protection Fund (CIPF). This means that in the unlikely event that Coinsquare (CCML) becomes insolvent, CIPF will cover any shortfall of cash held in client accounts up to $1 million CAD per account.
Ready to add Ethereum Classic (ETC) to your portfolio?
Create your account, fund it with spare change and get a little bit of ETC.
