🔥 Buy Ethereum Classic Guide | Paypal, Credit Card & SEPA
Buy Ethereum Classic
The Investing in cryptocurrencies is also attracting more and more private investors and savers. How come? Because in the last few months or even years it has been clearly recognizable that this is a market that is apparently getting stronger and stronger. And the current forecasts are also pointing in the direction that several bull runs could be possible here in the near future.
One cryptocurrency that may seem quite interesting when it comes to investing may be Ethereum Classic. But what should you watch out for if you decide to buy coins from Ethereum Classic?
Buy Ethereum Classic from Germany, Austria & Switzerland Instructions:
Access to the Kryptomarkt is available through a cryptocurrency exchange. Of course, you can also get access via an online broker, whereby you should deal with the difference between the exchange and the broker from the start. Because at this point it should be emphasized, in fairness, that there is an essential difference between investing money, i.e. buying coins of a crypto currency or speculating, i.e. always only dealing with further price speculation.
The cryptocurrency exchange ultimately provides direct access to the crypto market in order to be able to invest in one or more cryptocurrencies. This means that you buy coins of your favorite cryptocurrency, transfer them to your wallet, which is your digital wallet, and then you are happy when the price of the cryptocurrency rises. That's why. because the price increase also increases the invested assets. So you swap your euro or your US dollar, for example 100 euros, for a crypto currency, as an example you can now take Ethereum Classic.
If the digital currency then reaches the desired price level, it can then be sold again. Whereby you don't have to sell the entire stock of coins, but sometimes only a part. The rest of the coins can be kept and sold after another price increase occurs. The question of when and how much is sold depends on which strategy is to be followed.
Of course, you can also get access to the crypto market via a classic online broker. But only if this offers the service of trading with crypto currencies. In this case there is always only speculation with the price development of the cryptocurrency. So you don't buy coins here, you just bet on whether the price of the digital currency will rise (you open a long position) or fall (you open a short position). It is important that you are aware from the beginning that the crypto market is extremely volatile. What can this mean for the investor or trader? Anyone who misjudges the future development of prices here has to take into account in the end that there can be extraordinarily high losses. Of course, it also depends on how high the chosen stake was. For this reason, it is important to only invest money that is freely available. Of course, if the price moves in the desired direction, you can also book extremely attractive profits. So volatility is both a blessing and a curse, so to speak
With Ethereum Classic there is a cryptocurrency that is quite promising - especially with a view to the future. In 28th place in the ranking of the top crypto currencies according to market capitalization, the crypto currency may not be as well known as the original variant Ethereum, but Ethereum Classic is not a blank slate in the crypto industry.
At this point, it should be noted that for the rest of the process - i.e. whether you speculate with the price of a crypto currency or buy coins directly - it does not matter whether you are domiciled in Switzerland, Austria or the Federal Republic of Germany. In the end, it is much more important to choose the provider who is to provide access to the crypto market.
Anyone who is unsure whether they are in invest digital money or if you want to speculate with the price of a certain crypto currency, you should look in the direction of the provider eToro. Because with eToro there is actually a provider who not only provides the services of an online broker, but is also a crypto exchange at the same time. The advantage of dealing with this unusual combination? You can speculate with the price development via the broker eToro, but you can also buy coins and transfer them to the internal wallet at the same time. So in the end you can work with two completely different strategies.
Furthermore, the online broker scores with the fact that so-called social trading is offered here. What that means? Here you take over the decisions like strategies of the favored traders. In the end, these are the traders who are particularly successful. Thus, if you copy strategies, you can participate in their successes. Even as a beginner, this may be an interesting and, above all, promising strategy, as you can relatively quickly get an overview of why this or that decision is sometimes made. However, to be fair, it should be noted that there is of course no guarantee of profits. Even the experienced trader, who sometimes even makes a living by trading, can be wrong and then have to make losses. Therefore, one should also be careful here and not invest any capital that is needed for certain expenses. It is important to always only invest freely available money.
eToro is regulated. That is also the reason why it can be said at this point that it is a serious provider who can be trusted 100 percent. eToro operates out of Cyprus. That is also the reason why the Cyprus Securities and Exchange Commission - that is the CySEC - is behind the broker, which subsequently checks whether the broker complies with all rules. However, such rules must be observed here as if eToro were based in Central Europe, i.e. in Germany, Austria or France. The specifications are made by the European Union.
If, in the course of your research, you find that eToro's offer corresponds to the personal expectations you have of a broker, then you are probably well advised to continue with the Registration starts in order to then be able to open an account. At this point it can already be revealed: One need not expect obstacles or difficulties - the broker eToro has specialized from the beginning on creating an offer that will appeal to beginners in particular and will help them to find their way in the world of finance to be able to.
Step 1: Register with eToro
Registration is completed within five minutes. Mainly because eToro does not require verification at the beginning and has tried to make the registration process as straightforward as possible. You can tell, right from the start, that the aim was to appeal to beginners. In the end, this is also the reason why the entire registration process is (more or less) self-explanatory. When registering, you only need to provide a few pieces of data: This includes your first and last name, as well as your email address and a user name that you can choose yourself. At the end you have to create the password. It is important that you use a combination of uppercase and lowercase letters, special characters such as numbers. Thus, the security can be increased to a maximum.
After completing the registration it is possible to make the first deposit.
It should be noted that one should not think that the verification is being completely ignored. The verification is only started when the payment is requested. This is also the reason why the registration only takes a few minutes, so that you can start capitalizing your account immediately.
Step 2: Deposit with PayPal, credit card or instant transfer
The broker eToro scores with a variety of deposit methods. Because there are quite a large number of online brokers who only accept bank transfers or credit cards from MasterCard or VISA. At eToro, they decided to take a different approach: eToro provides a few more variants here, so that in the end no compromises have to be made, but you can access your preferred payment method. For example, you can work with various eWallets or with the online payment service PayPal. PayPal in particular is a very popular way of subsequently topping up the account, as it benefits from the real-time transaction. This means that the money is immediately available and can be invested within minutes.
If you decide to make a bank transfer, for example, you have to be patient for around two to four working days until the money is finally available in the eToro account. So if you don't want to invest money in the market straight away, you can definitely choose bank transfer. All those who want to work with eToro on the same day must choose a different payment option - in this case PayPal can be recommended.
After the transaction has been completed and the money has been booked in the account, you can either buy coins of a certain crypto currency or deal with the price speculation.
Step 3: Buy and Sell Ethereum Classic
This process is also straightforward. You specify the amount that invested and the broker eToro then calculates how many coins you would then receive based on the current rate of the crypto currency. However, you can also specify the number of coins and, on the same basis, receive information on how high the amount to be invested must be. Then you confirm the transaction and the coins are transferred to the internal wallet. But you can also choose an external provider. There is no obligation to choose the eToro wallet.
If you click on X2, on the other hand, you are speculating on the price development of the digital currency. Then no coins are bought, that is, in the context of price speculation, there is no need for a wallet.
Buy Ethereum Classic deposit methods
Anyone who is still unsure about which payment option should be used to deposit money into the account can deal with a wide variety of payment methods. The provider eToro convinces with a real variety of deposit methods. It is important to clarify for yourself which payment option you would like to use or there are advantages and disadvantages that must be considered when deciding on this or that variant in order to then capitalize the account. First and foremost, it's probably just about the waiting time. So about the time window until the money is finally available in the eToro account and can be used.
Buy Ethereum Classic PayPal
The online payment service PayPal is particularly popular. This is a provider that is known for offering transfers in real time. This means that if you confirm the transfer at 10 a.m., you will have the money in your account at 10:01 a.m. and can already buy the first coin or speculate on the price due to the fact that PayPal is already available in many online shops, it may also be a very well-known payment option. Anyone who does not yet have a PayPal account can change that quickly. Registration only takes a few minutes. However, it should be mentioned at this point that PayPal is not offered by all online brokers. If you only want to work with PayPal, for example, you have to check in advance whether the service is accepted at all.
Buy Ethereum Classic Sofortüberweisung
With the instant transfer there is another variant of how money can be transferred to the eToro account in real time. The advantage over the online payment service PayPal? You do not need the service of another provider, but access your bank account here. Ultimately, it can be said that it is a real-time bank transfer.
Buy Ethereum Classic credit card
Real-time transfers are also possible with the credit card. You just have to make sure in advance whether the chosen credit card company is also accepted by the broker. If this is not the case, you have to choose a different payment method. Furthermore is on your own Credit card limit pay attention - that means how high is the available credit line? Usually the brokers accept VISA and MasterCard.
Buy Ethereum Classic with Paysafecard
The account can also be topped up using the so-called paysafecard take place. It should be noted that the paysafecard can only be used in the course of making a deposit - a withdrawal is not possible in this way.
How to buy and sell Ethereum Classic
When it comes to buying coins from Ethereum Classic, it is of course important to clarify for yourself what price you want to invest money at. This is also the case when you pursue the strategy of wanting to sell the coins at a profit over time. When is the sales button pressed? And will all coins then be sold or only parts of the inventory?
Buy Ethereum Classic without registration
As a rule, it is not possible to buy coins without registering. It doesn’t matter whether you are speculating on the price or are actually interested in only buying coins in one digital currency: Since you have to register in advance via a broker and / or stock exchange, an acquisition without registration is not feasible. This means that buying without registering may not be feasible in practice.
Buy Ethereum Classic anonymously
This is also the case when you plan Cryptocurrencies anonymous wanting to buy. Because in the course of the registration, personal data must always be given, so that an anonymous purchase cannot be implemented either.
Buy Ethereum Classic without verification
If the provider only prescribes the verification process in the course of the first payout, as is the case with eToro, then it can be said that a purchase is possible without verification.
Where to buy Ethereum Classic the cheapest: Crypto exchange fees comparison
If you invest your money in cryptocurrencies, it is important that you get an overview in advance of how high the fees may be. Only if you have dealt with the provider's fee model and have been able to clarify for yourself that you agree with it, the broker's or stock exchange's offer can be used.
Buy Ethereum Classic or not: Is it worth buying Ethereum Classic
If you deal with the forecasts, it may of course be advisable to buy coins that you can then sell at a profit. The all-time high, which was set on May 6, 2021, was 167 US dollars - today (as of mid-September 2021) the price is 65 percent below the record level.
That means there is still room for improvement. If you also consider that the price of Ethereum Classic was always below 25 US dollars, the current price level (60 US dollars) may well be good.
It cannot be ruled out that Ethereum Classic will cross the 100 US dollar barrier again in the foreseeable future or even go towards 200 US dollars.
Other special features when purchasing Ethereum Classic
A stranger had 17 million coins of the cryptocurrency on June 2016, 3,6 Ethereum made unusable - because there was a bug in The DAO's smart contract. At the time, the value was around 65 million euros. The fact that a “hard fork” was then planned, ie the “hard split”, was quickly controversial, but it was decided in the course of a vote. The spin-off made it possible for the attacking DAO to have the coins withdrawn - which then resulted in two blockchains. on the original blockchain Ethereum Classic was continued.
Buy Ethereum Classic Conclusion: This is the best way to buy Ethereum Classic
Ideally, you use the eToro offer, as you have the opportunity to buy coins, but also have the chance to speculate on the price. It is important to be aware of the risk when planning to work with Ethereum Classic.