Buy Ethereum Classic in India
Buy Ethereum Classic with BuyUcoin in less than 10 minutes and kickstart your crypto portfolio. Check ETC to INR price, choose one of the payment methods and buy Ethereum Classic at the best rates.Buy Ethereum Classic Now
Ethereum Classic Price Today in India
Ethereum Classic Price Analysis Chart
Change in %: ▲ 3.51%
1 ETC = ₹1,942.8254
1 ETC to INR
Current Price of 1 ETC = 600,000 INR
For 100 INR you will get = 0.00045 ETC
How to Buy Ethereum Classic in India?
Buy and Sell Ethereum Classic in India with just 4 steps. Create your BuyUcoin Account, complete the KYC, add money with various different payment methods and buy Ethereum Classic to create your first crypto portfolio. Earn free Ethereum Classic worth INR 100 on signup. Now, that’s an offer you can’t miss!
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What Payment Methods to use to buy Ethereum Classic in India?
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Using Virtual Account
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Ethereum Classic is a decentralized platform that operates on the blockchain network and provides a distributed computing platform to its users. The network maintains its originality of the Ethereum Network. However, due to a devastating hacker attack from a third-party project, the Ethereum foundation was forced to create a new platform that erased all traces of the DAO theft from the Ethereum blockchain history. The foundation inserted their logo in the newly created platform while the former was renamed to Ethereum Classic. The ecosystem of the Ethereum network runs on the basis of smart contracts. They are self-automated contracts that execute themselves and hence facilitate the terms of the contract itself.What you can buy with Ethereum Classic?
Yes, Ethereum Classic is legal in India, and users can purchase and sell it on the BuyUcoin - One of the Most secure crypto exchange in India. Ethereum Classic is also seen as a valuable store of value. Recently, the Govt. of India introduced crypto taxation i.e. 30% tax on the profit you earn which shows the Government of India is not in favor of banning crypto in India rather than on the path to adopt it .You can easily buy Ethereum Classic in India with an INR pair at trusted exchanges such as BuyUcoin. There has been an increase in the amount of users using the Blockchain wallet to store Ethereum Classic. Ethereum Classic, on the other hand, does not discriminate against anyone and gives everyone an equal opportunity to use its services.
Ethereum Classic has swept the Indian market in recent years, with people eager to buy it in order to profit handsomely. Ethereum Classic has generated speculative returns since its beginning and is currently trading at ₹1,942.8254. There has been an increase in the amount of users using the Blockchain wallet to store Ethereum Classic. The value of any cryptocurrency is derived from two factors: the hype and fundamental value that it provides; Ethereum Classic possesses both and you can easily buy Ethereum Classic in India at BuyUcoin. According to historical data cryptocurrency has given highest ROI on Investment, so now you can choose any crypto plan for SCIP and stand a chance to get highest return in the long-term investment.
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Top Cryptocurrency to Invest in 2022
Get an eye on Top Cryptocurrency to invest in 2022 with BuyUcoin’s Personalised Curated List of Top gainers. Stay Updated with Latest Ethereum Classic News and Price Prediction that provides you extra edge before deciding your next investment.
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What to do after I buy Ethereum Classic?
Frequently Asked Questions
What is the Formation of Ethereum Classic?
DAO stands for Decentralized Automated Organization. It is a complex Smart Contract that acted as a decentralized venture capital fund and is used to fund all the applications and DAPPS that are developed on the network. The DAO system was used to run the entire Ethereum network and gave its users unprecedented flexibility and control while providing complete transparency in transactions. Its potential attracted a lot of eager investors and within a month of its formation, the network accumulated almost $150 million USD worth of Ether.
What are the uses of ethereum classic?
Like Ethereum (ETH), Ethereum Classic (ETC) is a cryptocurrency that was specifically developed to conduct transactions that occur on the Ethereum Classic blockchain network. The ETC coins are used to buy GAS that is used for conducting transactions and other state transitions that occur on the network. Other than that, the cryptocurrency is also traded on crypto-exchange markets in exchange for either fiat currency or other cryptocurrencies like Bitcoin and Litecoin. Since the production of ETC coins is capped at 210,700,000 ETC, the cryptocurrency is considered as an inflationary currency. This criterion is shared by other cryptocurrencies like Bitcoin and other Proof of Work (POW) cryptocurrencies in the market.
How to mine Ethereum Classic?
Ethereum Classic still operates on the Proof of Work (POW) consensus mechanism which is similar to that of Bitcoin. The mechanism requires users to utilize computational power to solve highly complex problems. Upon successful solving of the problem, a block is created and added in the blockchain and the miner is awarded a predetermined amount of ETC coins for their contribution towards the creation of the blockchain. The procedure of mining also helps in the verification of transactions that occur on the platform and thus also helps in keeping the network secure and the transactions verified. Higher computational power can be achieved by investing in better hardware which would help in achieving the desired output at a faster rate. The number of coins that can be created during the process of mining is limited. Ethereum classic has a cap on the ETC coin production. The supply limit of the coins is 210,700.000 ETC coins. After the production of every 5 million blocks, the block reward reduces by 20 percent.
Why to Buy Bitcoin in India?
Ethereum Classic saw a huge downfall in its price index after the aftermath of the third party hack that siphoned off $50 million USD worth of Ether from the platform. The price of Ether plummeted to oblivion. But after the hard fork, Ethereum Classic started gaining popularity again and by June 2017, the price of ETC in USD peaked at $24 USD per coin. In the span of just one year after that, the value of ETC almost in January 2018 and reached a value of $44.34 USD per coin. But like all cryptocurrencies, the ETC coin was also susceptible to the crypto market crash of 2018 and soon the price of ETC fell steeply over the course of a few months. By January 2019, the ETC coin was trading at a meager $5.13 USD per coin. Since then, Ethereum Classic developers and community are working hard towards reviving the coin back to its old glory and by February 2020, the coin reached a value of $12.31 USD.
As of 11th July 2020, the ETC market cap is at a value of $757,174,622 USD and has 116,319,790 ETC coins in circulation so far.