ECC has the potential to multiply in value in the coming months.
But it has more potential than most altcoins because it is more advanced than the average digital currency.
It serves as the blockchain foundation for tons of commercial applications, like messaging and mail. Some people are even calling it “Ethereum 2.0.”
I’m bullish on ECC because of its roadmap, vision, and community. An organically built, tight-knit community has driven this coin to success.
There are Bitcointalk threads devoted to ECC with over 148 pages.
But you’re probably wondering: how and where can you buy ECC?
Look no further. Here’s your how-to guide on where (and how) to buy ECC coins.
ECC solves many problems associated with coins that are identified with public keys by using an Address Name Service (ANS) that maps each username to a wallet address instead.
Another great feature of the coin includes encrypted and decentralized file storage, which keeps your currency out of hackers’ hands.
Now is the time to jump on this coin. But since it’s not available on common exchanges, it’s a bit complicated to purchase.
To buy ECC, you have to first buy Bitcoin (BTC) or Ethereum (ETH) from an exchange that allows deposits from a bank account or credit/debit card.
Then, you’ll have to transfer your newly purchased coins to a marketplace that supports and sells ECC.
That way, you can transfer your Bitcoin or Ether for it.
To get started, find an exchange that supports Bitcoin or Ethereum. Most exchanges do, so this step shouldn’t be hard.
Coinbase is a reputable, widely used exchange that offers both BTC and ETH. You can exchange fiat currency for these coins very easily using Coinbase.
Currently, the exchange is available in Asia, Australia, Europe, and North America. The interface is well-designed, and you can begin purchasing coins in just a few minutes.
Enter your email address to begin the signup process.
Once you sign up and verify your identity, you can buy Bitcoin with most major currencies, like USD, GBP, EUR, and more.
This is accomplished with a credit/debit card or an online bank transfer.
Once you’re ready to make your purchase, click on the “Buy/Sell” button near the top of the screen to begin placing your order.
Select the coin you want to buy and enter in the amount you want to purchase.
Then, click the “Buy” button at the bottom of the screen to complete your transaction.
Currently, Coinbase is available in Asia, Australia, Europe, and North America.
Next, head to a supporting exchange.
You’ll need to transfer your newly purchased ETH or BTC from your Coinbase account to a wallet on an exchange that supports ECC.
Currently, there are only two exchanges that support ECC:
We’ll get into how to use each of these exchanges later. More exchanges may support ECC in the future as it rises in popularity.
Create an account with one of these exchanges and prepare to copy the wallet address that will hold the BTC or ETH you will transfer.
The process of obtaining your wallet address will depend on the exchange that you choose to use, but it’s a relatively straightforward process.
Be sure to collect your “receiver” or “deposit” address. This is usually a string of random letters and numbers that looks something like this:
For example, to view your wallet address on Coinbase, click on “My Wallet” and “Wallet Address.”
Your wallet address will appear along with a QR code associated with it.
Copy your address before moving onto the next step, which will include sending Bitcoin or Ethereum to the new wallet address to trade BTC or ETH for ECC.
From your account funded with BTC or Ethereum, send coins to your new receiver address that you just copied.
Once you receive the coins in your newly created exchange account, simply trade it for ECC.
The process will differ depending on the exchange that you choose.
Generally, it’s as simple as finding the ECC/BTC or ECC/ETH “trading pair” where you can buy ECC with your BTC balance.
If there is any sort of delay, it may be because the exchange is trying to find matching “sell” order(s) to fill your buy order.
That’s all it takes to acquire ECC!
But we need to dive into the basics of how the two exchanges that support ECC work so that you can purchase your ECC quickly and efficiently.
CoinExchange.io is one of the two exchanges that currently offers ECC.
To get started on CoinExchange.io, you’ll need to register for an account.
Once your account has been created, you’ll be able to make a deposit.
Then, use the coins you deposited to buy other altcoins.
To do this, head to the “Balances” page under the “My Account” tab. It should look something like this:
Then, just find the coin that you want to exchange for ECC. Do this by typing in the coin name in the search bar in the upper right-hand corner of your “Balances” page.
Then, click the “Actions” tab and select “View Deposits.” There, you’ll be able to view the coin you’ve selected by itself.
Next, find the currency pair that matches the coin you want to trade for the coin that you want to purchase on the left-hand side of the page.
Once you find the pair that you desire, click on it. This will send you to a page where you can complete buy and sell orders.
Enter the price that you want to buy (or sell) at the bottom of the page.
If you want to spend every coin you have deposited during one transaction, click on the number next to “available balance” located in the upper right-hand corner of your order form.
This will automatically enter in the Amount and Total fields to equal the full available balance.
Once you’ve completed all of the fields, click on the “Submit Buy Order” button.
You will then receive a window where you can confirm your order. Once you’ve looked over the price and net total, click on “Confirm Order.”
If you find an error, click “Cancel” to go back and fix your selections.
Once the trading process is complete, an update will appear showing the purchased amount and price.
If you have selected your own price, you may have to wait until a sell order is located that matches your desired price point.
When the order is complete, head back over to your “Balances” page. There, you’ll be able to see all of the coins that you have previously purchased.
At this point, you can either withdraw coins, hold them there, or continue trading.
Fees on CoinExchange.io are reasonable in comparison to most other exchanges.
They only charge a 0.15% fee for buying and a 0.15% fee for selling.
Compared to most exchanges, this is in the lower range. Coinbase, for example, charges fees as high as $3.99%.
Here’s how you can use CryptoBridge, the second exchange available for traders looking to buy and sell ECC.
CryptoBridge supports most popular altcoins and was created with altcoin traders in mind.
The exchange offers a decentralized, blockchain-based order book, as well as a multi-signature federated gateway network.
What does this mean?
Put simply, it means that CryptoBridge protects users against thefts, hacking, or government takedowns.
Since all deposits, withdrawals, and order books are stored on the blockchain, clients can withdraw and trade coins even if the exchange ceases to exist in the future.
To get started using Cryptobridge, download the service or use the web-version.
The software is available for Windows, Mac OS X, Linux, and GitHub Source users.
Once you’ve downloaded or accessed the web version, you’ll need to create an account.
Create an account name. This will be public, so don’t use any personal information here.
The exchange will generate a password for you that you have to confirm.
Once your account has been created, you can send or exchange coins.
Select whether you want to make a deposit or a withdrawal and select the coin of your choice.
Like CoinExchange.io, you’ll be asked to confirm the transaction before moving forward.
Fees on CryptoBridge vary.
The staking fee is charged to users to create a stake on the blockchain. The current fee is 61 BTS.
The trading fee is 0.2%, which is incredibly low.
Like all exchanges, a fee is charged when a user completed a trade on the DEX.
However, the fee to withdraw BTC or any other coin from the DEX may vary to ensure that it is processed on the destination blockchain.
To cancel an order or place an order, you will be charged approximately ~0.00009 BTS.
ECC is criminally undervalued. It could be the next Ethereum. The coin is secure, well-supported, and serves as the foundation for tons of commercial apps.
So you need to buy now.
First, you need to buy BTC or ETH from an exchange like Coinbase that allows bank or credit/debit card deposits.
Once you’ve done this, head to an exchange that supports ECC. Two options are CoinExchange.io or CryptoBridge.
Next, copy your “receiver” or “deposit” wallet address. This is a long string of random letters and numbers. There may even be a QR code associated with it.
Send Bitcoin or Ethereum to the new wallet address to trade it for ECC.
The process will differ depending on the exchanges you choose to use, but it’s as simple as locating the ECC/BTC or ECC/ETH “trading pair.”