Buy Ethereum Classic
in Luxembourg

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, cryptocurrency is legal to buy in Luxembourg. The Luxembourg government has passed a
bill known as the Law on Payment Services and Electronic Money (Loi relative aux services de
paiement et aux monnaies électroniques), which defines and clarifies the legal status of digital
currencies in the country. This law provides a framework for the recognition and regulation of
digital currencies and promotes the development of the local fintech industry. In general, the
country has a favorable regulatory environment for digital assets and has established itself as a
hub for cryptocurrency and blockchain innovation.

Yes, cryptocurrency is taxed in Luxembourg. The taxation of cryptocurrency in Luxembourg
depends on the specific circumstances and intended use of the digital assets. In addition, the
taxation of cryptocurrency in Luxembourg is generally governed by the Grand Ducal Regulation
of 17 December 2010 on Value Added Tax (VAT) and Income Tax, as well as any relevant
amendments and interpretations issued by the Luxembourg tax authorities.
According to the above-mentioned regulation document, cryptocurrency transactions are subject
to value-added tax (VAT) in the same way as traditional financial transactions. As mentioned in
the regulation document and under Luxembourg's VAT law, the purchase of cryptocurrency is
subject to VAT. In accordance with the mentioned document above, if a person gets paid by
cryptocurrency as a means of payment, the value of the cryptocurrency is considered to be
taxable income, and it is subject to personal income tax. Accordingly, if a person buys
cryptocurrency as an investment, any subsequent sale of the cryptocurrency is subject to capital
gains tax.
In summary, the taxation of cryptocurrency in Luxembourg depends on the type of transaction
and the intended use of the digital assets. It is always advisable to consult a tax professional to
determine the specific tax implications of cryptocurrency transactions in Luxembourg.

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.

In Luxembourg, anyone can buy cryptocurrency. There are no restrictions on who can purchase
digital assets. The ideal method of acquiring digital assets in Luxembourg varies based on
individual requirements and tastes, nonetheless, the most prevalent way to purchase
cryptocurrency in Luxembourg is by means of a digital asset exchange. Our platform offers you
the opportunity to purchase, sell, and exchange cryptocurrency utilizing the official currency of
Luxembourg, the Euro. Our exchange platform is a dependable and secure choice for those
seeking to buy cryptocurrency in Luxembourg. It operates within the bounds of the law and
provides an array of convenient payment methods, such as Apple Pay, Google Pay, credit card,
debit card, bank transfer, and PayPal, without any additional transaction costs to maintain
affordability.