Trusted by Ethereum Classic buyers, you can buy and trade Ethereum Classic in Portugal and 100+ countries on Blocktrade without any fees easily.
Your entry to the world of crypto
Learn More about buying ETC in Portugal
How to buy Ethereum Classic in Portugal
Is ETC a good investment in Portugal?
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.
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.
Is Ethereum Classic legal to buy in Portugal
Yes. According to the Financial Action Task Force (FATF) document provided by Banco de
Portugal (Central Bank of Portugal) which was published to provide a definition for
cryptocurrency, virtual currency or cryptocurrency is a digital representation of value that can be
digitally traded and functions as a medium of exchange; and/or a unit of account; and/or a store
of value. According to the mentioned document, virtual currencies are the wave of the future for
payment systems and users can purchase cryptocurrencies and engage in specific activities
that involve virtual currency payments.
Is Ethereum Classic taxed in Portugal
According to the taxation of cryptocurrencies official ruling form by the Portuguese Tax Authority
(Autoridade Tributária e Aduaneira), in line with the personal income tax regulation process No.
5717/2015, the Portuguese Tax Authority examined the possible classification of
cryptocurrencies within certain types of income that are subject to tax, like capital gains, capital
income and income from business activities. According to the above-mentioned document, the
tax authority decided that natural persons should not be taxed on their crypto gains from selling
cryptocurrencies. The Tax Authorities confirmed that the income from this type of assets is
presumably not taxable, unless the income arises from the performance of constant, regular and
After you've bought Ethereum Classic in Portugal
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.
Who can buy Ethereum Classic in Portugal
Anyone. The safest and simplest way to buy cryptocurrency in Portugal is through crypto
exchanges, specifically if you are a beginner entering the crypto-world. All you need to do is to
make an account, fund your account through a variety of payment methods, search for your
intended cryptocurrency and buy your crypto assets. Portugal authorizes payment services such
as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange
provides you with secure and fast cryptocurrency transactions through such payment services
whereas you pay no exchange fees for your transactions in Portugal.
Buy Ethereum Classic at your ease
Payment methods to buy Ethereum Classic in Portugal
Just 3 easy steps to your first investment in Ethereum Classic
Sign up and verify
Make your first
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Portugal
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.
Yes. According to taxation of cryptocurrencies official ruling form by the Portuguese Tax
Authority, selling your cryptocurrency is allowed and tax-free in Portugal if it isn’t used as a
source of income.
No. According to taxation of cryptocurrencies official ruling form by the Portuguese Tax
Authority, there are no reporting obligations in case of cryptocurrency transactions above a
certain threshold, other than suspicious activities covered by Portuguese AML Law.
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 over 240 thousand people, 2.37% of Portugal's total population, own some
form of crypto assets.
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.