How to Buy Ethereum Classic (ETC) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Ethereum Classic, and is trustworthy!

You can find our top 3 exchanges for buying Ethereum Classic here, alternatively you can also check our comparison of the best Australian cryptocurrency exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Ethereum Classic

And of course, the final step is to find Ethereum Classic on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Ethereum Classic (ETC)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Ethereum Classic

  1. Sign into the exchange
  2. Find where you stored your Ethereum Classic, either on a hardware wallet or on the exchange.
  3. Transfer your Ethereum Classic to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Ethereum Classic.
Businessman looking at crypto trend

Considerations when looking to buy Ethereum Classic.

Ethereum Classic (ETC), a hard fork (ETH) of Ethereum (ETH), was launched in July 2016. Its primary function is to be a smart contract network that can host and support decentralized apps (DApps). Its native token is ETC.

Ethereum Classic launched in an effort to distinguish itself from Ethereum. However, the technical roadmaps of both networks have diverged over time.

After a major hacker attack that resulted in the theft of 3.6 Million Ethereum, Ethereum Classic was first created to protect the integrity of Ethereum's existing blockchain.

Ethereum Classic's primary goal is to keep the Ethereum blockchain the way it was originally, without artificially countering DAO hack.

Although initially it appealed to people who disagreed with Ethereum's response in the beginning, the legacy network has gained a larger fan base that includes major investors like Barry Silbert, CEO at Grayscale Investments.

The developers of ETC are a volunteer organization and do not intend to make the network a profit. Transaction fees are paid by users as with Ethereum. Miners receive them based upon work performed according to the Proof-of-work (PoW), mining algorithm.

Ethereum Classic is not a proof of-stake (PoS), mining algorithm. However, multiple developers are still working on future improvements, such as scaling solutions.