There are thousands of people who want to buy Ethereum classic. The price of Ethereum classic is low and affordable right now.
So, investing in Ethereum classic becomes absolutely easy and simple.
I’ve seen many people ask various questions about Ethereum classic.
And millions of people don’t even know the primary difference between Ethereum and Ethereum classic.
They assume that both Ethereum and Ethereum classic are the same.
Before I proceed further and tell you, how to buy Ethereum classic.
I would want you to understand what really Ethereum classic is.
What is Ethereum classic?
Ethereum classic was formed due to the disagreement of decentralized autonomous organization (DAO) hard fork between the Ethereum foundation.
In easy terms, there was a vulnerability in the DAO’s code and to fix the issue the community decided to hard-fork the Ethereum blockchain.
And hence Ethereum classic was created.
Ethereum classic is an open source, blockchain based platform for smart contracts.
It consists of the Ethereum virtual machine (EVM) which is helpful for executing scripts.
With the help of Ethereum classic, you can build or create any software or application.
It also has its own cryptocurrency token called Ether Classic.
How to buy Ethereum classic
If you want to buy Ethereum classic you’ll require a cryptocurrency wallet.
Without a cryptocurrency wallet, you cannot do any transactions in the world of cryptocurrency.
These wallets help you to buy, sell, invest and trade any cryptocurrency.
This does not mean you create a wallet with any company or organization and then you expect to buy or make transactions with multiple cryptocurrencies such as bitcoin, Ethereum, Ethereum classic, Litecoin, etc.
Most of the wallets hardly support 1 or 2 cryptocurrencies.
Yet, there are a few wallet which are multi-currency wallets, these wallets can be used if you are into buying and selling multiple cryptocurrencies.
Anyways, let’s come back to the topic of how to buy Ethereum classic. Below is a list of top 3 Ethereum classic wallets
Jaxx is one of the best Ethereum classic wallets.
Jaxx was created by Ethereum co-founder Anthony Di Iorio in 2014.
The advantage of Jaxx is that it supports multiple cryptocurrencies.
This is beneficial if you wish to get involved with other cryptocurrencies such as Ethereum, bitcoin, litecoin etc.
Jaxx has a simple and easy to use user-interface with amazing security features applied for the safety of your Ether.
Mist is a desktop wallet, meaning you’ll have to download and use it form your desktop.
Mist too supports multiple cryptocurrencies and has good security features.
The user-interface is simple and is considered easy to navigate around the dashboard.
If you want to know more about mist and learn how to use it, then read the article linked below.
3. Classic Ether wallet
This wallet is hosted on Github. Classic Ether wallet is amazing and is used by thousands of users.
User-interface is neat and simple to navigate.
If you want to use this wallet, then you’ll have to visit the link below.
Note: If you want to know how to create a wallet, then you can read the below article which explains the procedures for my Ether wallet.
Every cryptocurrency wallet has its own different procedures, but 80% of the procedures are same.
Some wallets might also ask you to submit some documents to verify yourself.
Steps to buy Ethereum Classic from a cryptocurrency wallet
- Create a cryptocurrency wallet by selecting any one from the above list.
- Once you have access to your wallet, navigate to the wallet dashboard and select the option to buy, If you want to sell or trade Ethereum classic then select the respective option.
- Upon clicking buy you will see a list of Ethereum classic sellers or you will see an investment plan.
- Select how much Ethereum classic you want to buy and then exchange your money for it.
That’s it, simple and easy. Once you buy Ethereum classic you’ll see your cryptocurrency in your wallet stored.
Note: If you want to store your Ethereum for a longer time or if you want to keep you cryptocurrency safe from hackers, then you should store them somewhere safe.
Below are a few wallets which are considered the safest to use.
As mentioned above, the primary thing you’ve got to do is, first create a cryptocurrency wallet and then from within it you can buy, sell, trade and invest in Ethereum classic.
I’ve also mentioned the 3 best Ethereum classic wallets.
You can choose any one among them and proceed to buy Ethereum classic.
If you want to know more about anything on Ethereum, then do let me know.