If you’re based in Ireland and wish to buy Ethereum Classic – the process is very straightforward. All you need to do is find a regulated exchange, deposit some funds, and decide how many Ethereum Classic tokens you want to buy.
In commencing your investment journey, you must equip yourself with knowledge, especially when Ethereum Classic is concerned. You must also know how you can best invest in this cryptocurrency. Ethereum Classic is an open-source, blockchain-based distributed computing platform featuring smart contract functionality. Ethereum Classic runs on the Binance Smart Chain blockchain. It was launched in 2015, but it has since gained a generous amount of followers.
What Is In This Guide?
This guide will take you slowly over what Ethereum Classic is and how you can invest in this cryptocurrency. Ethereum Classic is a worthy investment in the crypto market. It is one of the most popular tokens, and it is available on several exchanges. The guide will also give you details on selling the tokens and earning profits from them.
If you are interested in investing in Ethereum Classic, you need to understand that cryptocurrencies and very volatile. Their prices fluctuate now and then, and this makes crypto investments a highly risky venture. If you are investing in cryptocurrencies, you need to consult with an expert on the matter. While this guide will give you information on how you can trade Ethereum Classic, it will not be as informative as professional financial advice.
- QUICK GUIDE: HOW TO BUY ETHEREUM CLASSIC IN IRELAND
- Where to buy Ethereum Classic in Ireland
- A Step-by-Step Guide to Buying Ethereum Classic in Ireland
- How to Sell Ethereum Classic
- Which Wallets can I use to hold Ethereum Classic?
- How Ethereum Classic works
- Key things to consider if you’re thinking about buying Ethereum Classic in Ireland
QUICK GUIDE: HOW TO BUY ETHEREUM CLASSIC IN IRELAND
- Open an account with a cryptocurrency exchange.
- Verify your account.
- Go to the deposit section
- Go to the platform and select Ethereum Classic.
- Enter how many Ethereum Classic tokens you want to buy.
- Check the details and confirm your purchase.
Where to Buy Ethereum Classic in Ireland
You can buy Ethereum Classic from a crypto exchange in Ireland. There are several crypto exchanges in the country, but some of them may not offer Ethereum Classic. You need to ensure that you research the exchanges offering Ethereum Classic and only open an account with those. In addition, the crypto exchange should also support the Ireland dollar because that is what you will use to make purchases.
A Step-by-Step Guide to Buying Ethereum Classic in Ireland
When buying Ethereum Classic, you need either EUR or other cryptocurrencies to exchange for the tokens.
Buying Ethereum Classic with other cryptocurrencies
If you are holding other coins in a crypto wallet, you can exchange them for Ethereum Classic. The most common token you can use is Bitcoin because it is found in almost all exchanges in Ireland, which is readily tradable.
To trade Bitcoin for Ethereum Classic, deposit some tokens from your crypto wallet and then purchase Ethereum Classic using the BTC/ETC.
Buying Ethereum Classic with fiat currency
If you have not invested in other cryptocurrencies, you can buy Ethereum Classic with the EUR. All you need is to find an exchange that allows deposits in EUR. Luckily, most exchanges in Ireland allow this.
To start buying Ethereum Classic in Ireland, follow these steps:
Step 1: Open an Exchange Account
Sign up on a crypto exchange in Ireland. There are many of them, and in this case, you need to choose one that supports Ethereum Classic and EUR. To open an exchange account, you will need to provide your details, such as your name, email address, and phone number. To verify your identity, you need to give a copy of a government-issued ID.
Step 2: Fund your Account
The next step is to fund your account. Several deposit options will be provided to you, ranging from using credit cards to online payment platforms such as PayPal. Select the deposit option that is most convenient to you and enter the amount of AUD you want to spend.
Step 3: Buy Ethereum Classic
Once you have funds in the account, you can either use them or use your other crypto holdings. If you select a crypto-crypto paid, you can look for the pair written BTC/ETC, ETH/ETC, or any other similar pair under the ‘buy’ section.
If you want to buy using fiat currency, look for the EUR/ETC pair. Afterwards, confirm your order, and you will receive a notification that your Ethereum Classic tokens have been added to your exchange account.
How to Sell Ethereum Classic
Selling Ethereum Classic entails the same process as buying it. You can sell Ethereum Classic for cash or other cryptocurrencies. The only difference is that you will be navigating the ‘sell’ option. Suppose there is no option for directly selling Ethereum Classic for cash. In that case, you can change it for other cryptocurrencies to later cash out.
Which Wallets Can I Use to Hold Ethereum Classic?
There are two main wallets that you can use to hold Ethereum Classic. There is a cold wallet and a hot wallet. A hot wallet is like the one on the exchange account. The wallet will store your crypto online, so it is readily available whenever you need to trade. You can also use a cold wallet usually stored offline on an external device. Cold wallets are ideal if you do not want to trade regularly.
How Ethereum Classic Works
Just like with the other cryptocurrencies, Ethereum Classic was invented to make financial transactions easier. Ethereum Classic works similarly to Bitcoin in that it is based on a decentralized network and maintains anonymity.
One of the best things about decentralized networks is that they are free from interference by government forces.
Key Things to Consider if You’re Thinking about Buying Ethereum Classic in Ireland
Below are some of the things to consider before buying Ethereum Classic in Ireland:
Crypto trading is very risky because coin prices keep fluctuating. To invest in the market, you need to have a high-risk appetite ad invest with caution.
It would help if you also studied the price movement of Ethereum Classic before investing in it. If the prices are doing well, then your risk is minimized by a small percentage.
You also need to check whether Ethereum Classic is being used for purposes other than trading. Such purposes may include funding DeFi projects. The more uses a token has, the more likely it is a worthy investment.
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Virtual currencies are highly volatile. Your capital is at risk.
Where can I buy Ethereum Classic in Ireland?
To buy Ethereum Classic in Ireland, open a crypto exchange account, fund it and purchase Ethereum Classic.
Can I buy Ethereum Classic with a credit card?
You can buy Ethereum Classic using a credit card. The option can be found on your exchange account, with most exchanges offering a tutorial for the same.
How can I Sell Ethereum Classic?
If you want to sell Ethereum Classic, you can do so from the crypto exchange account.