How to Buy Ethereum Classic (ETC) with iDEAL?
Ethereum Classic is the original Ethereum blockchain, started in 2015. The split happened after the DAO incident. One part of the community demanded that the blockchain be programmed directly to make some changes, while others argued that it was a valid exposition of the weaknesses in the DAO’s code and that the community must respect the “immutability” of blockchain technology, which under normal conditions offers no way to change historical transactions.
After a majority vote to reprogram, opposing members continued to mine the original blockchain, ignoring the code update. This resulted in a “hard fork”, by which the blockchain was split in two. After this point, the original blockchain was renamed Ethereum Classic and tokens from one blockchain were no longer usable on the other.
As the original form of Ethereum, the blockchain still offers the possibility to make and execute smart contracts. However, it’s mostly used as a payment method or an investment instrument.
If you are looking for the best place to buy Ethereum Classic, bitFlyer is the right place for you. On bitFlyer, you can use our Instant Buy feature to make direct purchases of Ethereum Classic or other cryptocurrencies, using an instant payment service like iDEAL. The iDEAL payment system is a reliable, secure, and easy way to make payments. With iDEAL, a transfer is made directly from your bank account to the bank account of the seller.
Advantages of Buying Ethereum Classic (ETC) With iDEAL
Why buy ETC with iDEAL? Let’s have a look at the benefits:
- Instant payments. You don’t have to wait while money is being transferred. This is important for the cryptocurrency market, as exchange rates are changing constantly.
- iDEAL is very simple to use. Purchases are completed in a few clicks.
- You don’t have to register with iDEAL, they take you directly to your bank’s application to confirm any purchase that you want to make.
- Convenient balance control: the iDEAL payment is visible immediately on your bank account statement.
- With iDEAL and bitFlyer, purchases are secure. Millions of users trust iDEAL for payments every day, and bitFlyer’s world-class security is trusted by over two million users to trade and store their tokens.
Steps to buy Ethereum Classic (ETC) with iDEAL on bitFlyer
At bitFlyer, we’ve done everything we can to keep crypto trading as fast and easy as possible. Our interface is straightforward with no clutter so that you can trade fast when you want to trade, and check your funds and tokens at a glance.
Here’s how to buy ETC on bitFlyer:
- It all starts with registration. Just enter your email address and follow the link we send you to verify it.
- After you’ve entered your personal details, you’ll be logged in.
- Click on Instant Buy.
- Select Ethereum Classic (ETC).
- Enter the amount of Ethereum Classic (ETC) you would like to buy.
- Select the iDEAL payment method.
- iDEAL will take you to your bank's application to confirm the payment.
- You can now go back to bitFlyer, where your Ethereum Classic will be waiting in your virtual wallet.
Congratulations on your first bitFlyer purchase!
Other Methods to Buy Ethereum Classic (ETC)
If you don’t want to use iDEAL, we also support payments with other instant transfer services like Giropay and Sofort. Or, you can buy Ethereum Classic with your own credit card, or debit card, if that’s what you prefer.
If you don’t want to use Instant Buy, you can send money to your bitFlyer virtual wallet with a SEPA bank transfer any time you like. SEPA transfers take time to complete, so you can’t make immediate purchases with them, but you can stock your account with fiat for trading with when you catch a good opportunity.