Ethereum Classic (ETC), a Blockchain platform and cryptocurrency, has a rich history closely tied to Ethereum (ETH). It emerged as a result of a divide within the crypto community, leading to a fork in the original Ethereum Blockchain. In this piece, we will delve into two common queries: What is Ethereum Classic (ETC), and how can one purchase Ethereum Classic (ETC) using TRY?
Table of Contents:
What is Ethereum Classic (ETC)?
How to Purchase Ethereum Classic (ETC) with TRY?
How to Create an Account on Binance TR?
How to Verify an Account on Binance TR?
How to Deposit TL on Binance TR?
How to Buy ETC Coin with TL on Binance TR?
What is Binance TR?
Ethereum Classic, an open-source Blockchain platform, enables developers to build and deploy smart contracts akin to Ethereum. It came into existence in 2016 following a contentious fork in the Ethereum Blockchain, resulting in Ethereum (ETH) and Ethereum Classic (ETC) as separate cryptocurrencies. The fork stemmed from a disagreement within the community over resolving a hack involving a decentralized autonomous organization (DAO).
While Ethereum Classic and Ethereum share similarities, there are notable differences between the two. Ethereum Classic remains immutable and uses Proof of Work (PoW) as its consensus mechanism, contrasting Ethereum’s move to Proof of Stake (PoS). This disparity reflects distinct opinions on Blockchain governance and decentralization in the crypto realm.
Ethereum Classic’s steadfast commitment to immutability and PoW has merits and drawbacks. It upholds decentralization and security, evidenced by continued miner support post Ethereum’s PoS shift. Yet, this resistance to change poses challenges in scalability and adaptability, hindering Ethereum Classic’s mass adoption potential compared to Ethereum.
Despite operating autonomously from Ethereum, Ethereum Classic’s community remains devoted to upholding decentralization and immutability principles. Despite grappling with scalability and development hurdles, Ethereum Classic endures as a resilient and impactful player in the crypto sphere, enticing miners and enthusiasts valuing its allegiance to the original Blockchain technology vision.
How to Purchase Ethereum Classic (ETC) with TRY?
Binance TR stands out as a preferred cryptocurrency exchange for Turkish investors seeking to acquire Ethereum Classic (ETC). With swift account creation, Binance TR offers over 100 cryptocurrencies, including ETC, for trading. To purchase Ethereum Classic (ETC) with TRY on Binance TR, follow the steps below.
How to Create an Account on Binance TR?
Creating an account on Binance TR is straightforward. Visit trbinance.com, proceed with the “Create Account” step, and input basic details like email, phone number, name, birthdate, nationality, and Turkish ID number.
After providing accurate information, undergo email/SMS verification to validate the details. Subsequently, move to identity verification (KYC) as the second step.
How to Verify an Account on Binance TR?
Identity verification on Binance TR is crucial for security and must be completed before engaging in cryptocurrency trading. Access identity verification via phone or the official Binance TR website. Ensure your mobile phone is available for identity verification via the website.
On the Binance TR site, hover over “Profile,” click on “Identity Verification and Limits,” then “Verify.” Scan the QR code with your phone’s camera to proceed. If unable to scan, opt for the “Copy URL” to receive the verification link via SMS.
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