How to buy Ethereum Classic (ETC) in the UK
Buying Ethereum Classic (ETC) in the UK with minimum fees will take two steps, as we are going to be buying the coin with Bitcoin (BTC) and then converting it to ETC on an exchange. If you already have BTC to hand, you may skip step 1.
Buying Ethereum Classic with Bitfinex
In this method, we will trade BTC for ETC using Bitfinex exchange. Thus, in order to begin, you first need to acquire some Bitcoin (BTC)…
Step 1: Buy Bitcoin
You can do this via the following self-explanatory services:
Click here for a detailed guide on buying BTC in the UK
Step 2: Buy ETC with BTC
Now that you have BTC, the process for buying ETC on Bitfinex is as follows…
- Create an account at Bitfinex here
- Deposit BTC into your Bitfinex wallet…
- Click Deposit on the top bar menu
- Click Bitcoin
- Copy your Exchange Wallet address
- Send Bitcoin to this address, and wait for the transaction to receive the required confirmations
- Now that you have Bitcoin in your Bitfinex account, use the Trading menu option in the top-right of the screen to select ETC then ETC/BTC.
- Complete the Order Form on the left side to exchange your BTC for ETC. Order form notes…
- Use Limit if you would like to set a price for your order – you can then type in values, or choose the highest bid or lowest ask using the green and red buttons above your BTC price
- Using Market will result in the order executing immediately according to the best market price available when the order is placed. Using this option ensures your order is fulfilled most rapidly, though you are unable to specify your desired price as in Limit
- Use the green button above AMOUNT ETC to use as much of your BTC balance as possible in the order, unless you wish to keep some Bitcoin on the exchange for other trades
- Click Exchange Buy to send your order to market, and wait for it to be filled. If you used a Limit order that isn’t being filled, you can always cancel the order and set a new one at a different price.
- When your order is fulfilled, your ETC will appear in your Wallets area
Congratulations, you purchased Ethereum Classic!