How to Buy Ethereum Classic

Buying ethereum classic in United States

Buying ethereum classic in United StatesThe United States is progressively regulating the crypto sphere. However, there seems to be some split in approach to cryptocurrency. On one hand, some states continue to pass laws which aim to stimulate the economy, attract investment, or encourage tech development, while others have either passed restrictive crypto asset and investment regulations, or have suggested to do so. The state of New York, for example, requires companies to acquire "BitLicenses" in order to operate virtual currency businesses, and even issued a "greenlist" of accepted virtual currencies. On a federal level, there is a large amount of crypto regulation from various bodies, meaning lots of overlapping jurisdictions and different opinions on crypto. Although U.S. crypto banking seems undeveloped, it is making slow progress. A large crypto exchange, Kraken, stated that it became the first U.S. digital asset company with a bank charter, recognized under both federal and state law, in 2020.
As of 20/03/2021

Ethereum Classic (ETC) Key Data
Price $
37.01
24hr %
-2.35%
Mkt Cap $
4,838.49b
24hr High
37.97
24hr Low
35.78
A network split off Ethereum in 2016, after the DAO hack. The Ethereum Classic network remained available to miners, by deciding not to implement a difficulty increase algorithm. The network is considered highly insecure due to its low mining activity, and has fallen prey to multiple 51% attacks and double spending.
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Exchanges Info

These exchanges all accept customers from United States. While they broadly offer the same services and you can buy ethereum classic at all of them, there can be differences in transaction fees, security, verification requirements, deposit methods and features, as shown below

Kraken

Kraken has a good reputation for security and protection of your funds and operates across the USA (except NY), Canada, the EU and Japan

Pros
  • It can be used to trade against fiat options
  • Robust security measures
  • Free SEPA deposits in Europe
Cons
  • Not a very beginner-friendly interface.
  • No card deposit options
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