What currency is ETC? How to buy, sell and trade ETC coins? Detailed teaching

ETC is a cryptocurrency derived from a hard fork of Ethereum and aims to preserve Ethereum’s original design. It can be bought and sold through the following steps: 1. Create an exchange account; 2. Deposit assets; 3. Place an order; 4. Execute a trade; 5. Withdraw (optional). During the buying and selling process, pay attention to market risks, choose a reputable exchange, and properly keep your private key and exchange account password.

What currency is ETC?

Ethereum Classic (ETC) is a cryptocurrency that originated from a hard fork of the Ethereum blockchain. It was born in July 2016 and aims to retain the original design of Ethereum, which is to verify transactions through the Proof of Work (PoW) consensus mechanism.

How to buy, sell and trade ETC coins?

To purchase and trade ETC coins, you need to follow the following steps:

1. Create an exchange account

Choose a cryptocurrency exchange that supports ETC trading and create an account. Some popular exchanges include Binance, Coinbase, and Kraken.

2. Deposit assets

Deposit fiat currency or other cryptocurrencies into your exchange account to use as funds to purchase ETC.

3. Place an order

Select ETC/trading pair in the exchange’s trading interface. Enter the amount of ETC you want to purchase and the order type (such as limit or market order).

4. Execute the transaction

After confirming the transaction details, execute the transaction. Your account will be credited with the ETC coins you purchased.

5. Withdrawal (optional)

If you wish to store ETC coins in a hardware wallet or other external wallet, you can withdraw to your wallet address.

Other notes:

• The buying and selling of ETC coins may involve market risks. Always do your research and understand the potential risks before trading.
• It is important to choose an exchange that is reputable, safe and reliable.
• Keep your private key and exchange account password properly to ensure the safety of your assets.

Ethereum Classic Latest Price and Trends

As of now, the price of Ethereum Classic (ETC) is $21.93 with a 24-hour trading volume of $1.193 billion.

Recent Changes

The price of ETC fell by 1.81% in the past 24 hours. This was largely due to a pullback in the broader cryptocurrency market, with major cryptocurrency Bitcoin (BTC) also falling.

Influencing Factors

Factors affecting ETC price fluctuations include:

• General sentiment across the cryptocurrency market
• Specific technical and fundamental news
• Changes in the regulatory environment
• Activity of speculators and traders

Future Outlook

In the short term, ETC prices are likely to continue to be affected by the volatility of the cryptocurrency market. However, in the long term, it may benefit from the potential application and adoption of blockchain technology.

It is recommended

• to conduct your own research before investing in any cryptocurrency.
• Manage risk carefully and only invest money you are willing to lose.
• Consider holding ETC for long-term appreciation rather than short-term trading.

Short-term outlook

ETC prices are expected to remain volatile in the short term, but may rebound as market sentiment improves.

Indicators

• Current price: 21.93 USD
• 24-hour trading volume: 1.193 billion USD
• Circulating market capitalization: 3.249 billion USD
• Circulating supply: 148.14 million
• Maximum supply: 210.7 million
• Total Supply: 148.14 million

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