Ultimate Guide to Investing in Ethereum Classic (ETC) Token - Project, Price and Staking Explained

Purchasing Ethereum Classic (ETC) on the Binance platform

There are a lot of trading platforms on the ’net nowadays, but without a doubt Binance is among the most popular and reputed.

Understanding how to purchase Ethereum Classic (ETC) is crucial if you’ would like to start trading on that platform.

Prior to stepping into the amazing world of cryptocurrency within the Binance platform, you need to get acquainted with the following.

Be able to register on Binance

The only way to begin trading on Binance is subscribing to it.

To do so, you will need to follow each one of the guidelines listed below.

Search for the "Register" button in the Binance homepage and press on it to start the registration process.

Here you have the direct access to Binance.

In the Binance homepage you’ll find a button with the label "Register with a phone or email". Press it.

Apple mobile phones or tablets can be used as well.

In this guide, we’ll will explain how to register using an e-mail account.

• In the screen you’ll immediately see, pick your country of residence from the drop-down list.
• The next step is creating a safety password. This is vital since it’s all about your money’s safety, so you have to define a robust one
• If you want to be updated periodically via email about Binance news, check in the corresponding option. Next, you must accept the "Terms of Service" and that’s almost all. You’ve just created your account Now it only needs to be verified via email

Binance will immediately send a one-time-only activation keycode (NB: this is NOT your password) that you’ll enter it in the corresponding line, then press "Send"

And that’s all! You are now subscribed to Binance.

Take a time to become familiar with the different options of the Binance platform by navigating through them.

This way you canyou will be able to begin trading Ethereum Classic (ETC) easily.

Fulfill the required identity verification to enable all these options.

Please, be well aware that it will be only after you have fulfilled this protection measure that you’ll obtain permission to begin trading Ethereum Classic (ETC).

No big deal, though. Continue reading through the next paragraphs to complete that step.

Learn to complete the verification of your account and begin trading

Read the following guidelines and become an authorized Binance trader:

Pick "Security" from the drop-down list under the user profile area

Another option is to go to the top of the navigator window and press the "Verify" button

Press "Identification" on the left options list.

Here you must select your country of residence.

It will display you three levels of verification: the current one, the Verified, and the Verified Plus.

To begin, select "Start now" located by the "Verified" level.

Then a pop-up window will appear and there you must write the following data:

• Nationality.
• First and Last Name.
• Middle name and birth date.
• Residence address (exact).

At this point, the Binance platform will ask you to present a legal document for identity verification.

Use your ID card, passport or even your driver’s license to complete this step.

Now the platform will ask you to take a selfie following certain guidelines.

Once those requirements have been fulfilled, the Binance system will execute a verification process on your account.

Now you must wait until your profile has been accepted. Be patient, the platform will let you know via e-mail.

The following instructions will guide you through the Ethereum Classic (ETC) purchasing process. As soon as you’ve got the confirmation email, you’ve become a Binance authorized Ethereum Classic (ETC) trader.

Purchasing Ethereum Classic (ETC) on Binance

In this segment you’ll learn how simple is to make a purchase of Ethereum Classic (ETC).

It is time to verify your identity using a legal document.

passport, ID card or even a license are all valid documents to fulfill this condition.

Now the system will ask you to take a selfie following certain instructions.

Once you have completed the platform’s guidelines, you will have to wait a short time for the verification to be performed on your account.

Once your request has been approved, you will be informed via email, just be patient.

Congrats! As soon as you’ve got the confirmation you’re officially authorized to operate with Ethereum Classic (ETC). See the guidelines that follow.

Purchasing Ethereum Classic (ETC) on Binance

In this section you’ll learn how easy is to invest your money in Ethereum Classic (ETC).

You may have different options throughout the process

To find out which alternatives can be found when buying, look for the "Buy cryptos" menu on the Binance main page.

Obviously, you’ll only be able to do this if you’re logged in

Unveil all the different buying options just by hovering your mouse over this button.

The next step is to sustain your identity using a legal document.

Use your ID card, passport or even your driver’s license to complete this step.

Follow the system guidance to take a selfie.

Once those requisites have been fulfilled, the Binance platform will do a verification process on your account.

Now you must wait until your profile has been approved. Be patient, the system will let you know via e-mail.

Upon receiving that email it’s time to purchase Ethereum Classic (ETC), just see the guidelines below.

Purchasing Ethereum Classic (ETC) on Binance

In this segment you’ll see how simple is to invest your money in Ethereum Classic (ETC).

Be aware that you have different options for this process

To know which alternatives can be found when making a purchase, look for the "Buy cryptos" menu on the Binance main page.

Needless to say you must log into your account to do this

See all the different purchase options just by placing your mouse over this button.

Making use of your credit or debit card to purchase cryptocurrencies

Choose the credit card-related option from the "Buy Cryptos" drop-down menu.

These guidelines will be helpful to continue the process:

Now you should select the currency you wish to use and type how much you are going to invest.

In the next field you must select the Ethereum Classic (ETC) you wish to purchase

Taking into account the amount of USD you have recently stated, the system will automatically show you the quantity of Ethereum Classic (ETC) you will get.

Next, just adhere to the following guidelines:

Now you must choose the currency you’d like to buy with and specify the amount you want to invest.

Next, select the Ethereum Classic (ETC) you’re going to purchase

Considering the amount of USD you have previously indicated, the platform will automatically display the quantity of Ethereum Classic (ETC) you are going to be given.

Click "Continue".

If you’re going to pay with a credit card, go to the "Visa/Mastercard" field and click on the "Add card" option.

Type your CC numbers and press "Next".

In this step you must enter the physical address details of the CC. After this, select "Add card".

When you see your new card has been added, click on "Continue".

Next, all the important details of the operation will be summarized: the amount to be charged on your credit card and the corresponding currency, and obviously, the cryptos you are going to receive.

It will also show you the commission will be charged for the transaction.

Now you have to certify the order pressing the "Confirm" button during the following 60 seconds, or it will be automatically shut down.

The system will now send you to the credit card issuing bank. Proceed exactly as you do when making a normal online credit card payment.

Your recently bought Ethereum Classic (ETC) will be deposited to your Binance e-wallet (called the «Spot Wallet») after the banking process is complete

Purchase Ethereum Classic (ETC) with Binance P2P

The platform will now display the synthesis of the purchase order you are creating. The amount you are paying with the currency you’ve selected, and the Ethereum Classic (ETC) you will be given.

In fact, Binance will claim a small amount as a commission for making the transaction, and it will appear in that quick view also.

In less than 1 minute click on "Confirm", after that time the order will be automatically aborted.

The system will now reroute you to the credit card issuing bank. Follow the guidelines in the same way you would normally make a payment with your credit card.

When the banking procedure is complete, you will get your recently purchased Ethereum Classic (ETC) in your Binance e-wallet (referred to as the «Spot Wallet»)

Learn how to buy Ethereum Classic (ETC) with Binance P2P

1. Select "Security" in your profile.
2. Locate the "Payment" option in the menu you’ll see on the left-hand side of the screen and choose it.
3. Click on "Add a Payment Method" and the Binance system will guide you through the rest of the procedure.

After you have configured the new payment method to your profile, move to the "Buy Crypto" menu (top bar of the navigator), find the "Trading P2P" option, and follow the instructions below:

1. On the upper bar of the "P2P Account" menu, pick "Buy"
2. The complete set of Ethereum Classic (ETC) available for buying via P2P trading will be shown in this menu, so you will be able to select the one you’re interested in. In this guide, we present «USDT».Buying any crypto through P2P trading will allow the trader to exchange it on Binance for any of the currencies available.
3. Choose the currency you want to use from the drop-down menu under the "Fiat" label, for example, «VES».
4. In the "Amount" box, type the amount in VES you would like to invest.
5. You will see a list of dealers offering cryptos a little while after you choose the payment method.
6. Any of the sellers displayed in the list can be selected, although it is advisable to select a verified one (see the blue diamond badge), and even better, a high-volume seller (golden star badge).
7. Now select "Buy USDT"
8. Type the amount in VES you want to invest
9. Press "Buy USDT" once again
10. A buying order has been generated and the trader and you will be able to contact each other for details, if needed. You have a limited time to make the payment, if you fail doing so the order will be aborted by the platform (and that’s not good for your rating as a buyer). Once you have paid, click on "Transferred, Next", then press "Confirm".

Tips on how to transfer your Ethereum Classic (ETC) to the Spot Wallet

Cryptocurrencies will be released by the trader as soon as money reception validation has been done.

The place where Ethereum Classic (ETC) are added to is your account wallet.

Take into account that your Ethereum Classic (ETC) must be in your Spot Wallet in order for you to purchase others, so you must move them there before.

You can move them immediately once the purchase order is completed just by clicking "Transfer to Spot Wallet".

This Ethereum Classic (ETC) internal movement can be performed whenever you need.

How to transfer your Ethereum Classic (ETC) to the Spot Wallet

After you have made a payment to the trader, they are going to release the Ethereum Classic (ETC), just by confirming receipt of the payment.

This way, they will automatically be added to your wallet balance.

Nonetheless, you will need to send them to your Spot Wallet in case you want to get another crypto.

To do this, all you have to do is click on "Transfer to Spot Wallet" right after the buying order is completed.

In the event you didn’t follow this step, don’t worry, you can move the cryptos at any other moment.

1. Drop the "Wallet" menu down and click on the "Wallet Funds" button.
2. The "Transfer" button is located on the upper right area of the screen. Press it.
3. In the pop-up window, change the «From» and «To» options to the following settings:
• From: «Funds»
• To: «Fiat and Spot»
4. For The purpose of this article, we use «USDT» as an example, but you’ll obviously indicate the currency you have
5. Set the amount you are about to transfer to the spot walet and press "Confirm".

With these money already in your Spot Wallet, don’t fear to buy any crypto you consider might yield the highest profit.

Purchase any crypto from Binance just following the steps described next:

1. Find the "Trading" option in the top top panel.
2. From that listing choose the "Convert" alternative.
3. Indicate the amount of «USDT» you wish to invest.
4. Choose the cryptocurrency you intend to purchase.
5. Press "Preview conversion".
6. Validate the operation and that’s all. You now will have the funds of the chosen cryptocurrency in your Spot Wallet.

That’s all! Now you will have money in the Spot Wallet and you will be able to purchase any of the huge selection of Ethereum Classic (ETC) within the Binance platform.

To purchase Ethereum Classic (ETC) from Binance all you have to do is the following:

1. Pick the "Trading" option in the top panel.
2. Choose "Convert" from the list.
3. Input the amount of «USDT» you wish to invest.
4. Now mark the crypto you’re about to buy.
5. Choose "Preview conversion".
6. Confirm the operation and that’s all. Now you will have the amount of the selected cryptocurrency in your Spot Wallet.

You’ve already learned how easy is to begin doing business with Ethereum Classic (ETC) on Binance.

So, no time to waste, make a profitable business within the Binance platform.