Buy Ethereum Classic (ETC) in South Africa
Everyone who knows cryptographic currencies is aware of the existence of Etherum. And it may be a surprise to know that there is an Ethereum Classic or ETC variant, which also offers an excellent investment opportunity.
Ethereum was born in 2015 as a decentralized open source platform, which was based on a blocking chain. It was notable for allowing the implementation of smart contracts and the execution of distributed applications, which could be developed by third parties. Its central objective was "to encrypt, decentralize, protect and market almost everything".
And everything seemed to be going well, until the 2016 events that created a fork in this code.
How was the Ethereum Classic born?
The DAO project was a 2016 initiative launched by the German company Slock it. Crowd funding reached $ 150 million. However, the hackers managed to exploit an inconsistency in their smart contract, resulting in the theft of $ 50 million.
A radical change had to be made to its lock chain, which also became known as a hard fork. In addition to increasing security, the idea was to return the stolen Ether to its owners.
It is an initiative supported by the founders of this crypto currency, Vitalik Buterin and Gavin Wood.
Thus, the new Ethereum or ETH chain emerged, which is the one that is most commercialized.
However, there were developers who disagreed with this change. They claimed that the original chain should not be modified or disappear. That is why they continued to extract the original Ethereum, which was renamed Ethereum Classic.
It is basically the same cryptographic currency, but with a slight ideological difference. The ETC has an anti-interventionist position. And it is a valid option in which you can invest in a trading platform.
How to buy Ethereum Classic (ETC)?
Ethereum Classic offers an opportunity for developers to create other crypto currencies and other decentralized applications, with the ability to work independently on a chain of locks.
These decentralized dapps applications can have different functions, such as exchanges, market forecasts or simple games. Add to this that, due to its uniqueness over time, it will become more scarce, which will increase its value.
Ethereum Classic can be purchased from merchants who work exclusively with cryptographic currencies. But the best opportunity is on an online investment website.
How to invest in Ethereum Classic (ETC)?
As we said before, the first option to invest in ETC is offered by digital currency exchange sites. The profit is in waiting for their value to increase so that you can sell them and make money from the difference.
The other option is to negotiate a contract for difference or CFD on the crypto currency Etherum Classic and to speculate on its possible price difference. This financial instrument is a contract that is concluded between a broker and an investor.
In it, one of the parties agrees to pay the other the difference in the value of a security, which occurs between the opening and closing of the transaction.
You can maintain a long position where you expect the price of the Ethereum Classic to go up, or you can maintain a fair position where you expect the price to go down.
This type of trading can also be done from online brokers, where several crypto currencies or various investment options, such as CFDs, are listed. There, a purchase order is generated and leverage is established as part of the commercial operation.
Ethereum Classic Trading Platform (ETC)
There are platforms where you can buy cryptographic coins exclusively and where owners of all types of currencies exchange them with each other.
However, there are other platforms or trading sites that are more accessible and where you can also invest in digital currencies, such as Ethereum Classic. This is currently the most used means to obtain dividends with this cryptographic currency and others more available in the investment market.
How to start marketing Ethereum Classic (ETC)?
Traders who are internalized in the exchange of crypto currencies, often acquire a virtual wallet, in which they can manage assets with a very complicated crypto currency.
But if you are a beginner, this is a rather complex option, which can take time to understand and use. Instead, you can take your first steps on an online investment platform.
They are affordable, have minimal overhead and do not require qvery high minimum quantities to start. In fact, you can start with very low amounts, until you have gained a little more practice.
How to register?
There is no secret to creating a profile on an online trading platform. Just follow the steps below:
- Choose the option "Register" or "Sign in".
- Enter an email address and password of your choice.
- If prompted by the system, enter the email address and click on the profile activation link.
- If offered, download the desktop application. Makes using the platform very easy.
- Are you ready to start trading!
How to open a demo account?
There are two ways to create a demo or practice account. The first is to choose the option "Create a demo account" and follow the corresponding steps. The second is to choose this option after creating your initial profile.
The use of a demo account is the most recommended. It is an excellent opportunity to become familiar with the operation of the commercial service, and to learn the ins and outs of the investment world.
How to open an active account?
An account is transformed into a real trading profile when you deposit money for real trading. So, just create the profile and choose the option "Deposit money".
How to finance a deposit?
The options for financing a deposit are many. You can use a credit card accepted by the platform. These are generally Mastercard, Visa or American Express cards, internationally recognized.
You can also send funds from virtual wallets like Paypal, Payoneer, Neteller, WebMoney WMZ, virtual charge, etc. There is more than one way to finance a business account.
Minimum deposit amount
Deposit amounts are really minimal. It is now possible to send even values around 20 or 10 dollars. That is why this is a unique opportunity to invest and make money.
How to withdraw money?
Likewise, it is really easy to withdraw money from dividends earned from trading. You must select the option "Withdraw money" and choose one of the means provided by the platform.
Ethereum Classic (ETC) Investment Security
As with all digital currencies, the security of the traditional or classic Ethereum is very tight. They are based on blockchain chains with blockchain technology. The 2016 event served to strengthen its protection, even if it is the original code of Ether.
How safe is it to invest in Ethereum Classic (ETC)?
Each transaction in the ETC lock chain is extremely secure, as it offers extremely complex cryptographic encryption. It is structured with a large number of nodes that verify the transaction at a very high speed.
It is safe to invest in Ethereum Classic online?
It is safe to invest in this cryptographic currency. The cyberattack events served to reassure its structure. On the other hand, such incidents target dApps or smart contracts with flaws in their programming. In addition, tests are being carried out constantly and improvements are being installed to optimize its operation.
How to safely invest in Ethereum Classic online?
The most important thing is to use recognized investment platforms, with testimonials from users that attest to their level of security. Trusted ones have Https inscription in their url that confirms it. It is also worth checking your rules and conditions for what they can say about your cybersecurity. But in general, there is no danger in investing online.
Can you buy the Ethereum Classic?
Despite being a bifurcated card, it is possible to invest in this original Ethereum card. It is available on the investment list of numerous online platforms.
Is the Ethereum Classic a good buy?
Considering that it is a low-cost digital currency and offers a good range of returns in many forecasts, it is arguably a viable purchase.
Is the Ethereum Classic a good long-term investment?
Experts often predict that the Ethereum Classic still has a good growth range, which will not be affected in a long time, so it can offer a good return today.
Where can I buy Ethereum Classic?
You can buy and sell it through a virtual cryptocurrency wallet or you can join a virtual platform to invest in its growth.
How do I buy Ethereum Classic with a credit card?
You can buy ETC with a credit card, choosing it from the payment methods available on a commercial platform.
How to buy Ethereum Classic in South Africa?
One the easy and accessible way is through a commercial service enabled to operate in South Africa.
What happened to the Ethereum Classic (ETC)?
At the time this article was written, it is a digital currency that continues to consolidate within its reach, despite its volatility.
Why did the Ethereum Classic (ETC) crash?
Ethereum Classic suffered a few crashes in the face of some cyber attacks, but managed to recover quickly each time.
Why did the Ethereum Classic (ETC) go up?
After the implementation of the hard fork that increased its safety, the price of the Ethereum Classic went up.