4 Best Ethereum Classic-friendly exchange platforms with margin features
Ethereum Classic (ETC) is meant to be a hub in which to code, run, and execute decentralized applications (Dapps). ETC’s blockchain is making use of smart contracts to eliminate intermediaries and escrow services, making it one of the most secure blockchains.
4 exchange platforms that have ETC pairing and margin trading
According to CoinMarketCap, as of November 13, 2018, the total supply of ETC is recorded at 105,990,245 tokens. These are priced at $9.13 each, which pegs ETC’s market cap at $968,081,586.
If you want to add Ethereum Classic in your crypto portfolio, here are some exchange platforms that offer ETC pairing with a margin feature:
1. BitMex—One of the first and most respected exchange platforms in the crypto sphere, BitMex is offering up to 20 times leverage with the Ethereum Classic Series, hence its good liquidity reputation. BitMex has high withdrawal rates and is therefore not suitable for beginners.
2. BitFinex—has a variety of accessible charting tools and a mobile app. Aside from these features, it offers lower fees and higher USD liquidity than those of its competitors. Currently, BitFinex is allowing its users a leverage of up to 3.3 times via a peer-to-peer margin funding platform.
3. Kraken—is the largest crypto exchange platform in the United States. The San Francisco-based company is offering 6 cryptocurrencies with 16 different pair combinations in its margin trading function. Kraken offers up to level 2 leverage with ETC pairs.
4. iLexExchange—is offering up to 10 times leverage. Aside from having the lowest rates in the market, iLexExchange is expected to support 20 cryptocurrencies before the year ends. The company has a user-friendly, 24/7, multi-lingual support team, and unlike most trading platforms.
These cryptocurrency exchange platforms are some of your possible entry points in this near billion-dollar Ethereum market.
The difference between Ethereum Classic (ETC) and Ethereum (ETH)
Ethereum Classic (ETC) and Ethereum (ETH) were once in a single platform—Ethereum. Basically, ETH existed after the majority of venture capitalists (DAO members) “voted to fork the blockchain.” ETC, on the other hand, were the remaining DAO members who have decided to the original state of Ethereum, hence the term “classic.” ETC and ETH both have its own strengths and weaknesses that’s why it’s important for individuals to do their own research before trading.