BitFlyer Wallet supports everything from account creation to trading. You can download it for free from the App Store and Google Play. If ETC/BUSD is not available, you can click on ETC/USDT, ETC/BTC, ETC/ETH, and continue the steps, after return and do the same steps to exchange USDT, BTC, ETH, BNB to BUSD. Binance supports the withdrawal of BUSD as USD, so you will need to convert ETC to BUSD to transfer it to a bank account. First, you need to create an account, use this link, or log in if you already have one.If you created an account you would need to go through the KYC process, to verify the account. Additionally, Ethereum Classic’s price is 18.83 EUR in the eurozone, 16.46 GBP in the UK, 27.34 CAD in Canada, 29.93 AUD in Australia, 1,643.87 INR in India, 26,243 KRW in South Korea, and 18.32 CHF in Switzerland.
- A corrective phase followed and ETC coin was trading in the vicinity of $50 within a month.
- Like Ethereum, Ethereum Classic makes it possible to issue ERC-20 standard tokens.
- With the intervention by Ethereum’s team, the platform was able to return all of the stolen funds to their owners.
- Ethereum Classic was created in 2016 as the result of a spinoff (a.k.a. a “hard fork”) of the original Ethereum network.
- After the Ethereum hard fork, Ethereum Classic retained most of Ethereum’s original architecture and technical features and continued using the Ethereum Virtual Machine .
To see the latest exchange rate, Ethereum Classic historical prices, and a comprehensive overview of technical market indicators, head over to the Ethereum Classic page. The price is calculated based on rates on 83 exchanges and is continuously updated every few seconds. Ethereum Classic is currently trading at $19.65, an increase from its previous price. The crypto, presently ranked at number 23 on CoinMarketCap, shows signs of life. When the split first happened, everyone who held ether at the time received the exact same amount of ethereum classic in their wallets for free.
Instant swap with fixed 0.25% commission on Changelly
We are continuously working to improve our web experience, and encourage users to Contact Us for feedback and accommodation requests. The Ethereum Classic coin has continued its fall on longer time frames since the July spike. ETC’s price shows strength as it bounces from a downtrend range with high volume, aiming for a rally to $30. ETC faces a major test to trend higher above $30 after the price broke out of its descending… UNUS SED LEO provides utility for those seeking to maximize the output and capabilities of the Bitfinex trading platform.
With a price of $20.45 USD today, Ethereum Classic is -78.74% below all time high. How to Complete Identity Verification Identity Verification or Know Your Customer standards are designed to protect your account against fraud, corruption, money laundering, and terrorist financing. Binance requires users to complete Identity Verification to increase their account security.
But even though the two https://www.beaxy.com/s initially had the same future supply projections, differences came about over time as each coin evolved. That is supposed to make ETC a better store of value than Ethereum, because its tokens are scarcer. The Ethereum Classic network is secured with a proof-of-work algorithm, but as a minority chain, it has suffered regular attacks itself.
How to convert 1 ETC to USD?
If you are looking to find the best exchange rate to convert Ethereum Classic to USD, you can try searching our list of cryptocurrency trading platforms, which includes 10 exchanges that list the ETC/USD trading pair.
The creation of Ethereum Classic sparked debate within Ethereum’s development community, as it was developed in reaction to a massive DAO hack of the main Ethereum network. The DAO raised $150 million in ETH as an Ethereum-based venture fund in an Initial Coin Offering in April 2016. However, in June, an attacker exploited a bug in the DAO’s smart contracts and stole 3.6 million ETH. Is a decentralized computing platform on top of which smart contracts can be executed, enabling the development of decentralized applications.
Convert US Dollar to Ethereum Classic
After the 1 etc to usd hack, it was split from the Ethereum blockchain in July 2016 via a hard fork. The percent change in trading volume for this asset compared GALA to 24 hours ago. USDhe Ethereum Classic to US Dollar rate tells you how much HLBC16 is needed to buy 1 ETC. ETCBn CoinCodex, you can follow the real-time U to O rates and use the interactive charts historical price data to improve your technical analysis of this trading pair.
- Thus, Ethereum Classic still runs as an account-based blockchain that consists of external accounts and contract accounts.
- Ethereum Classic is an open-source decentralized computing platform and cryptocurrency that launched as an alternative to the Ethereum network in 2016.
- Ethereum Classic is currently trading at $19.65, an increase from its previous price.
- Q Cryptocurrency Report Altchain narratives are still going strong while the entire market undergoes a correction in light of growing macroeconomic woes.
- Access to all our smart services – DeFi apps, NFTs and more.
Ethereum Classic is an open-source decentralized computing platform and cryptocurrency that launched as an alternative to the Ethereum network in 2016. Much like Ethereum, Ethereum Classic offers smart contract functionality and supports the deployment and use of decentralized applications . The percent change in trading volume for this asset compared to 7 days ago. The Ethereum Classic price page is just one in Crypto.com Price Index that features price history, price ticker, market cap, and live charts for the top cryptocurrencies. Any data, text or other content on this page is provided as general market information and not as investment advice.
What does the 1 ETC to USD rate mean?
In addition to tracking price, volume and market capitalisation, CoinGecko tracks community growth, open-source code development, major events and on-chain metrics. Ethereum Classic was created in 2016 as the result of a spinoff (a.k.a. a “hard fork”) of the original Ethereum network. Like Ethereum, Ethereum Classic is a decentralized computing network that supports smart contracts-essentially computer programs-that can automatically execute when certain conditions are met. Ethereum Classic aims to uphold Ethereum’s original, unaltered code while the main Ethereum project continues to evolve. Bitfinex offers order books with top tier liquidity, allowing users to easily exchange Bitcoin, Ethereum, EOS, Litecoin, Ripple, NEO and many other digital assets with minimal slippage. Ethereum Classic also maintains the Proof-of-work blockchain consensus model while Etherem moved to Proof-of-stake in the second phase of a three phase Merge which is expected to be completed sometime later in 2023.
Charts Explore more data on the digital asset markets with comprehensive graphs. ETC is used on the Ethereum Classic blockchain in a similar manner to ETH on the Ethereum network. ETC is used as a peer-to-peer payment token and to secure the Ethereum Classic blockchain. The total dollar value of all transactions for this asset over the past 24 hours. Market cap is calculated by multiplying the asset’s circulating supply with its current price.
The 1 etc to usd REST and Websocket APIs are designed to facilitate LINK access to all features of the Bitfinex platform, allowing full integration with traders’ own products and platforms. Bitfinex has a bespoke offering expertly tailored to meet the specific needs of professional and institutional traders including sub-accounts, expedited verification, and dedicated customer support. Ethereum Classic differs from Ethereum in terms of its monetary policy, as described above, as well as in its commitment to the algorithm proof-of-work for securing its blockchain.
It’s not even close to @HoudiniSwap . It’s the only legally compliant privacy exchange in all crypto. They already make 30k USD in profit each week and use all of them for buybacks. All of the most prominent wallets, cexes, cold wallets, etc want to integrate them. Still only 13m
— Meduza ? (@Dzonaton1) March 7, 2023
In August 2020, the Ethereum Classic network fell victim to another 51% attack. The current Market Cap ranking of ETC is #25, with a live market cap of $2,861,866,009.59 USD. The world’s largest crypto exchange extended its dominance for a fourth consecutive month, with its market share increasing to 61.8% in February. Please also note that data relating to the above-mentioned cryptocurrency presented here are based on third party sources. They are presented to you on an “as is” basis and for informational purposes only, without representation or warranty of any kind.
Ethereum Classic has a global 24-hour trading volume of $256,846,743. Ethereum Classic can be traded across 223 different markets and is most actively traded in BingX. The cryptocurrency market continues to feel the darkness of crypto winter, but it could be Litecoin bringing the blossom of a new bull trend, according to a an eerily similar fractal found in LTCUSD daily…