Crypto pair ETC USD is the pairing Ethereum Classic with the US dollar. Written also as ETCUSD, ETC-USD, and ETC to USD, when paired together, they always represent the trading of one Ethereum Classic coin for 1 dollar. Ethereum Classic (ETC) was created following a hard fork of the original Ethereum blockchain, created in 2016 after a hack on the chain caused a split in the thinking of those involved in the network. You can find information on the coin, including the current ETC price in USD as well as news and analysis, on eToroX, eToro’s professional crypto exchange. Also available is an ETC to USD calculator, charts, and live prices to assist you as you explore trading ETC for USD. eToroX brings crypto investing to professional investors, with a finely developed product suite featuring tools designed for crypto trading. Crypto investors will find that eToroX is deeply committed to the areas of security, innovation, transparency, and liquidity and is an ideal exchange for trading crypto assets. Exploring ETC-USD Welcome to eToroX, where we deliver real value to crypto.
Since its founding, eToroX has operated with the needs of experienced, industrial-grade crypto traders in mind. Whether trading ETC in USD or buying and selling an ever-expanding roster of crypto assets including Bitcoin, DASH, and EGLD, we provide our customers with a secure and transparent trading experience backed by robust products and services. Amongst the features we offer are round-the-clock trading, Fix API services, and a Fiat Gateway. Additionally, an eToroX credit line is available and brings extra liquidity to spot traders. eToroX is regulated – which is an important factor for professional investors – by the regulating body in Gibraltar, the Gibraltar Financial Services Commission. Security concerns are overseen by professional teams working to protect users, the company, and the site against cybersecurity threats. Low fees, including fee-free crypto deposits, and an ever-growing selection of cryptocurrency and other digital assets make eToroX a clear-cut choice for crypto and ETC/ USD investing.
Ethereum was founded in 2013 by an inventive programmers, Vitalik Buterin, and Gavin Wood, and its native token Ether (ETH) was released two years later, in 2015. A well-known 2016 DAO hack on the Ethereum network led to conflict within the community, with one group choosing to create a new network via a hard fork from the blockchain. This new fork is called Ethereum (ETH), with its native token Ether, while Ethereum Classic (ETC) is the original. Its token is also known as Ether when used on the Ethereum Classic network, or more commonly, Ether Classic in general circles. Open source and based on a Proof of Work (PoW) consensus, (like Bitcoin), ETC supports Dapps, decentralized applications, and Smart Contracts, which are blockchain-stored programs that let developers create new, individual applications on the network. Because Ethereum Classic is the original legacy chain, many people identify its creators as Buterin and Wood, Ethereum’s creators. With many similarities between the two networks, Ethereum Classic nevertheless aims to differentiate itself from Ethereum. One difference? ETC has a maximum supply limit of 210,700,000 ETC tokens. ETH, on the other hand, has no cap. While the value and price of assets fluctuate for an array of reasons, comparing these two Ethereum -based tokens, some traders might prefer ETC/USD because of its capped maximum.
May 2021 saw the ETC USD price climb high, reaching over $176 before receding towards the end of the year. While Ether Classic is not traded as widely as the other Ether, nevertheless, ETC-USD has done well since its inception and does offer one significant difference over ETH: a maximum supply, which may be an attractive consideration for some crypto traders. As of early 2022, with a max supply of 210,700,000 tokens, ETC has a circulating supply of over 132,000,000.
Whether investing in ETC USD or any of the other leading crypto assets available on eToroX, it is important to have as good an understanding of the asset, asset class, and general economic market as possible. You can find a diverse range of crypto on eToroX and a broad range of trading and education tools to guide you as you explore the leading crypto on the exchange such as ETC/USD. One area vital to understand is base vs quote: which currency is the base currency and which is the quote currency. When trading ETC to USD, Ethereum Classic is the base currency with USD, the US dollar, and the quote currency. What is crucial is that in all pairs, the first symbol of the pair is the base, and it is understood as one unit. The counter or quote currency, here the US dollar, fluctuates, rising and falling compared to the 1 ETC. Shown another way, if buying ETC and the price is quoted at 60, you could buy 1 ETC for USD $60. Whether you are interested in trading ETC/USD or another of the top crypto available on eToroX, we offer products and services ideal for professional investors including a highly competitive fee structure with a withdrawal fee of 0.00100 and fee-free deposits.