Buy Ethereum Classic
in Denmark

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.

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.

Yes. According to the amendment to the Danish AML Act (Directive 2018/843/EU), it is legal to
buy and sell cryptocurrencies; however, each transaction must be determined as financial
services, assets in investment, or as a form of payment. This ensures that the use of
cryptocurrency is under Danish laws to prevent cases of money laundering and untaxed
alternative investment funds.

Yes. According to The Danish Customs and Tax Administration (Skatteforvaltningen), profits
from selling or otherwise disposing of cryptocurrency attract income tax rather than capital gains
tax for Danish individuals. As mentioned by the above mentioned document, you are required to
pay income tax only if your intention with buying cryptocurrencies is to gain a profit when you
sell the coins later. The Danish Customs and Tax Administration lets you file a request for a
specific assessment to judge whether you are considered to have bought cryptocurrencies for
speculation and therefore required to pay income tax. But note that most Danish individuals are
categorized as speculators by the Danish Tax Agency and will need to pay income tax on their
gains.

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.

Anyone. Purchasing cryptocurrencies in Denmark with the help of exchanges is an
unchallenging experience. Moreover, our exchange offers secure, fast and cost-effective
transactions through different means such as Apple pay, Google pay, Credit Card, Debit Card,
Bank Transfer and PayPal, all supported in Denmark.