Buy Ethereum Classic
in Australia

Trusted by Ethereum Classic buyers, you can buy and trade Ethereum Classic in Australia and 100+ countries on Blocktrade without any fees easily. 

Buy ETC
Australia

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Learn More about buying ETC in Australia

How to buy Ethereum Classic in Australia

Is ETC a good investment in Australia?

Ethereum Classic (ETC) is a cryptocurrency that was created in July 2016 and as of 24th July 2016, its price was $0.752354. It then reached the $1 mark for the first time in July 2016 and in its first year of trading, the price of ETC fluctuated between $1 and $5. The ETC coin price reached the $10 mark for the first time in May 2017 and later that year, the price of ETC began to rise rapidly, reaching an all-time high of around $45 in December. 2018 and 2019 did not bring luck to ETC as its price was falling to around $5 by the end of 2019, but again by 2020, the price of ETC began to rise again, reaching a new all-time high of around $20 in August 2020. Ethereum Classic crypto price reached the $50 mark for the first time in April 2021 and then by May of that same year, the price rose again, reaching another new all-time high of around $70. ETC continued to experience a bullish market in 2021 as its value reached the $100 mark for the first time and touched its all-time high price of $176.16. Just as the overall market price fluctuates from time to time, 2022 was not an impressive year for many cryptocurrencies on the market and ETC was not an exception. But as 2023 started, the crypto market began to rise again and as a result ETC is also experiencing positive movements as it has been trading around the $20 mark and higher by the start of 2023. According to some crypto experts on the market, ETC price is forecasted to be worth around $107 in 2025. But note that before entering the crypto market, it's recommended to educate yourself and learn about the technology behind cryptocurrencies, their use cases, and the market. Also, this is by no means a financial advice. You should read up on the history and economics of different cryptocurrencies and discuss the market with a professional.

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What is Ethereum Classic ?

Ethereum Classic is a decentralized blockchain platform that allows people to build and use decentralized applications (DApps) that run on the blockchain. Like Bitcoin, no one controls and owns this network. Ethereum Classic is an open-source project and uses smart contracts that are managed by its community around the world. Unlike the Bitcoin protocol, ETC is designed to be adaptable and flexible; Therefore, it is easy to create new applications on the platform of Ethereum Classic. After the infamous DAO hack, the Ethereum Foundation implemented a new version of the Ethereum main net on July 20, 2016 with controversial events. In the new version, the hacked DAO was completely erased from the blockchain history. The Ethereum Foundation registered a new brand name and chose the code ETH. The old version also continued to work under the name of Ethereum Classic (ETC). It can be said that Ethereum is a fork of Ethereum Classic.

Ethereum Classic followed the original rules of the network and maintained the Ethereum line of thought. The people who continued ETC were defenders of the immutability of the blockchain and opposed Ethereum forks with the slogan "code is law". Since the creation of the project, many improvements have been made to the Ethereum Classic network. The main goal of this project is to become a global payment network using smart contracts. Contracts that operate without centralized governance. In addition, Ethereum Classic wants the network's coin to become a currency for storing value and the implementation of trading.

Learn more on Ethereum Classic official website.

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Is Ethereum Classic legal to buy in Australia?

Yes. According to the Reserve Bank of Australia (RBA), cryptocurrencies are digital tokens. They are a type of digital currency that allows people to make payments directly to each other through an online system. Cryptocurrencies can be used to buy and sell things but they are not widely accepted as a means of payment. According to the above-mentioned explanation by the RBA, in Australia the prices of goods and services are measured in Australian dollars. While some businesses may accept cryptocurrencies as payment, they are not commonly used to measure and compare prices. So, while cryptocurrencies can be used to make payments, currently their use as a means of payment is limited and they do not display the key characteristics of money. However, there is one type of digital currency that could be considered money which is digital currency issued by the central bank.

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Is Ethereum Classic taxed in Australia

Yes. According to the Australian Government Taxation Office, cryptocurrencies are treated as property and subject to Capital Gains Tax (CGT). So, Crypto investors have to report capital gains and losses within their Income Tax Return, and pay Income Tax on any net gains. The percentage of Income Tax they pay is the same as the Personal Income Tax rate, starting only from earnings above $18,201. According to the mentioned guideline, the tax treatment of your crypto assets will typically depend on whether you are seen as an individual investor or a trader making a regular income. If you hold shares as an investor, your shares are assets and are subject to capital gains tax when you sell them. If you are a share trader, your shares are treated like trading stock in a business and your gains are treated as ordinary income.

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After you've bought Ethereum Classic in Australia

Ethereum Classic token is used as a store of value and as a medium of exchange in the same way as other cryptocurrencies, it is an instrument to implement digital transactions and it can be used to pay for goods and services or be traded on cryptocurrency exchanges. Additionally, ETC can be used to develop decentralized applications on the Ethereum Classic blockchain.

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Who can buy Ethereum Classic in Australia?

Anyone. One of the safest and easiest ways to buy cryptocurrency in Australia is to seek out a registered exchange. Australia supports various payment services such as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange offers payments through the mentioned services using secure transactions while charging no exchange fees.

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Buy Ethereum Classic at your ease

Payment methods to buy Ethereum Classic in Australia

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

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Just 3 easy steps to your first investment in Ethereum Classic

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FAQ

Frequently asked questions

ETC (Ethereum Classic) is valuable for several reasons, including: It is a decentralized platform for building decentralized applications (Dapps) and executing smart contracts. It has a strong community of developers and users who are committed to its success. It offers a fast, secure, and affordable way to transfer value and execute complex transactions. It has a limited supply, which is a factor that influences its value and scarcity.

According to the crypto asset transactions guide by the Australian Government, Capital Gains Tax should be considered when you dispose of your crypto asset. If you make a capital gain after a disposal, you may pay tax on it. A transaction involving a disposal takes place when you do any of the following: sell a crypto asset, gift a crypto asset, trade, exchange or swap a crypto asset for another crypto asset, convert a crypto asset to Australian or foreign currency (otherwise known as fiat currency), and buy goods or services with a crypto asset.

According to the crypto asset record keeping guide by the Australian Government, you must keep records of each of your crypto assets and every transaction, to work out whether you have made a capital gain or loss. For your crypto assets, you should keep: receipts when you buy, transfer or dispose of crypto assets, a record of the date of each transaction, a record of what the transaction is for and who the other party is (this can just be their crypto asset address), exchange records, a record of the value of the crypto asset in Australian dollars at the time of each transaction, records of agent, accountant and legal costs, digital wallet records and keys, a record of software costs that relate to managing your tax affairs.

There is no established minimum amount assigned for purchasing Ankr. On our exchange, the minimum order size for buying ANKR is $10. Also, you have a variety of payment options to choose from. The transaction will be completed and displayed on your portfolio of cryptocurrency assets.

It is estimated that 0.9 million people, 3.4% of the total Australian population, currently own at least one form of cryptocurrency.

To keep your Ethereum Classic investment safe, you can follow these steps: Store your private key in a secure, offline location. Enable two-factor authentication on your account. Regularly backup your wallet and avoid downloading unknown software or clicking on suspicious links. Make sure to use a reputable cryptocurrency wallet that supports Ethereum Classic. For this, our exchange also provides a secure digital wallet with added features and convenient access to a variety of trading options, simplifying your trading experience.

Trusted crypto platform in Australia!