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How to Exchange Ethereum Classic (ETC) in 2020

There are several reliable ways to exchange Ethereum Classic, which is one of the most traditional cryptocurrencies in the market.

In April/2020, ETC’s market cap is $709,270,521 – which makes it the 21st largest cryptocurrency. There are more than 116 million units of ETC circulating in the market, and its price is in the range of $6 per unit.

In this article, the Cripto InterCambio blog will tell you how to exchange Ethereum Classic (ETC) in 2020 – both for fiat and crypto. But first, we will explain the history of that coin and talk about investment prospects.

What is Ethereum Classic (ETC)?

Ethereum Classic has a peculiar history. Until 2016, there was only one currency, known as the Ethereum. That year, one of the network applications of Ethereum – the DAO – was hacked.

This caused a division in the Ethereum community, which later led to a hard fork in two crypto coins:

  • Part of the community decided to “go back in time” in the blockchain, fixing the flaw that caused the attack. This currency took its own course, and today is known only as Ethereum (ETH).
  • The other part of the community decided to maintain the original software architecture of the cryptocurrency. The result is what we know today as Ethereum Classic (ETC).

The ETC blockchain allows the development of numerous types of applications. It enables the use of smart contracts, decentralized applications (dApps) and so on.

By using the ETC network, companies and individuals can create applications such as online games, decentralized financial services, service-oriented tokens and anything the imagination allows.

Investing in Ethereum Classic (ETC)

After the hard fork (in the end of 2016), the ETC price was $2.45. But then, it skyrocketed. During the altseason in early 2018, ETC reached it ATH (All Time High): $45 USD.

Since then, the price did not reach such high levels again. Its value returned to $3.70 USD shortly after, but never to the initial post-hard fork value. Currently, with the price at $6 USD, this currency seems to have plenty room for growth.

Is it worth investing in Ethereum Classic (ETC)?

Keep in mind that the crypto market is very unstable. Always do your own research before investing in any kind of crypto asset – our opinions are not financial advice.

2020

Covid-19 caused a big mess in all markets around the world, and the crypto market was no exception. But after the initial panic, the cryptoworld has shown great vitality. After the sharpest drop in history – about 50% in less than 24h – the market has already recovered more than 30% of its value.

In this scenario, prices are expected to increase. ETC has a large community of supporters and investors behind it. Therefore, it should benefit from the reopening of the global economy in the next months.

Long term

The sustainable growth of the crypto coin value in the long term depends on the adoption of its technology by a wider audience.

If more companies adopt the Ethereum Classic network as their blockchain platform, this will bring more users into the ETC network. Consequently, prices will grow.

Moreover, if more people start to use ETC in daily lives – for buying, for services and for investments – prices will also grow.

In this sense, if such scenarios take place, long-term investment is worthwhile. Therefore, it is worth studying the currency whitepaper. Also, getting to know the community of supporters.  With that, you can succeed in your investments.

And check out more tips on how to invest long-term in our article: Long-Term cryptocurrency investment.

How to Exchange Ethereum Classic (ETC) in 2020 – Trade ETC for Fiat Money

ETC is one of the greatest cryptocurrencies in the market. It has a consistent project and a well known technology. Thus, exchanging Ethereum Classic for fiat money (dollar, pesos, euro, etc.) is relatively easy.

To buy or to sell ETC, you will need to have an account on one of the major exchanges platforms on the market. Always opt for large and reliable companies, so you do not risk your funds.

Here are some suggestions to exchange Ethereum Classic:

  • Changelly – another heavyweight in the crypto market, Changelly offers access to hundreds of crypto coins, including ETC.
  • Binance – one of the largest cypto exchanges in the world. It accepts multiple forms of payment, depending on your country;
  • Coinbase – another great crypto exchange company. It offers the possibility to buy and sell Ethereum Classic with safety.

To exchange crypto in these companies, it will be necessary to send your documentation, such as ID card, address and so on. This process is called KYC Know Your Costumer.

Also, you should pay attention to fees. Such companies usually charge commissions – both to buy and to sell. Fees can hurt your profits, or leave you at loss if you exchange too many times.

How to Trade Ethereum Classic (ETC) in 2020 – Trade ETC for crypto

Maybe you already have ETC, and you want to trade it for another crypto coin.

Or, on the contrary, you have some crypto, and you want to trade them for Ethereum Classic.

In both cases, the best option is Cripto InterCambio.

Unlike other exchanges, no registration is required to exchange crypto in CIC. Due to this fact, our transactions are 100% anonymous.

To exchange crypto in CIC, just choose the desired coins in the home page of our website. We give access to over 100 kinds of cryptocurrencies, including Ethereum Classic. Then just follow the steps indicated by our website.

Our transactions are very fast. They only take between 5 and 30 minutes to confirm. Also, we do not store your funds: you are always in charge of your crypto savings!

And the best of all: we offer exchanges with no fees.

Therefore, you can trade as many times as you want, paying very low values for it. Cripto InterCambio is the best way to exchange Ethereum Classic.

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