In 2022, the Ethereum cryptocurrency split, resulting in Ethereum Classic. The coin retained the properties of the original ETH. As of January 14, 2018, ETC ranks 18th in terms of capitalization with a total investment indicator of $460 million. Due to the demand for cryptocurrency, interest in Classic Ethereum Wallet is high.
Wallet for ETC
Ethereum Classic Wallet services are storage facilities for virtual coins, with the help of which transactions are carried out or money is placed in an account. For Ethereum Classic users, any multi-currency storage or wallet for ETH is suitable.
For convenient and frequent use, it is better to choose “hot” wallets, and for safe storage, “cold” wallets. Online wallet allows you to withdraw coins from a pool, exchange, bitcoin faucets, or purchase them through account replenishment.
Cryptocurrency exchange in MEW
MyEtherWallet users can also exchange cryptocurrencies : the service partners with reliable providers such as Changelly and DEX.AG, offering favorable quotes.
To exchange cryptocurrency in MEW, select the Swap and go to the exchange interface.
Then everything is standard:
- We indicate the direction of exchange : what currency we give and what currency we want to receive;
- We indicate the amount ;
- Enter the address to which you want to send funds and click Continue .
The system then gives time for the user to check and confirm the data before submitting the transaction.
Wallet classification
Wallets for storing cryptocurrency are:
- Online resources - browser wallets. No software installation required. They are distinguished by fast transactions and ease of use. The downside is the low level of security.
- Local (desktop) programs . Cryptocurrency cold storage option. To create an account, you need to download the software to your computer. The advantage is an increased degree of money protection. Cons: requires a large amount of memory on your PC to work.
- Smartphone applications . A complete wallet for mobile OS. Allows you to use virtual currency at any convenient time. The security level is lower than on desktop programs.
- Hardware gadgets look similar to a USB flash drive . Designed for long-term storage of large sums of money. The main advantage is the high level of protection of funds. The disadvantages include the impossibility of instant access to money and the need to purchase a device (cost about 8–12 thousand rubles).
- Paper Wallet resembles banknotes . Access to money occurs using a QR code placed on paper. You can create a wallet on design sites like paper-wallet.ru. Plus - safety. Disadvantages: difficulty of using Ethereum Classic, unreliability of the material. To increase strength, the carrier is laminated.
Some services have added additional data and features:
- current price of Bitcoin and other popular cryptocurrencies;
- coin converters and calculators;
- intrasystem exchange.
Now hardware models Ledger and Trezor are quickly gaining popularity. The greatest demand is for online wallet for Ethereum Classic and desktop programs.
TOP 6 best wallets for Ethereum Classic. Where to store ETC cryptocurrency in 2022?
I help with choosing services. Extensive experience in marketing and analytics. I work with both clients and agencies. I grew up as an assistant to a regular SEO specialist.
Ethereum Classic (ETC) is a popular cryptocurrency that is the original of the Ethereum network. In 2016, this network was attacked by hackers who withdrew more than $50 million from the platform. To strengthen security, a hard fork was carried out, as a result of which the blockchain was divided into 2 directions - Ethereum (new blockchain) and Ethereum Classic (old).
The capitalization of Ethereum Classic is quite modest, but it still reaches 22nd place in the list of cryptocurrencies. However, it is a popular trading asset that brings good money to users. Special cryptocurrency wallets are used to store Ethereum Classic. Today we will talk about the most popular ones.
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Hardware devices
They work with the Bitcoin system and other cryptocurrency blockchains. They provide the highest level of security among wallets because they are not susceptible to hacker attacks.
Additional benefits:
- convenient format and design;
- simple controls;
- ability to connect to a PC;
- support for multiple cryptocurrency accounts, not just Ethereum Classic.
Most popular models:
- Ledger Nano S – official website of the manufacturer ledger.com. Minimum cost 6000 rubles. The device supports a large number of cryptocurrencies. The display shows data: balance, account address.
- Trezor Wallet is the official resource of the trezor.io brand. Supports over 500 virtual assets. The price of the gadget starts from 7,000 rubles. The device is equipped with a color OLED display. Compatible with most popular PC operating systems. To store the Classic version of Ethereum, you need to modify the wallet software.
To top up your wallet, you need to find a place where you can buy cryptocurrency. You need to select an exchange or exchanger.
Browser extensions
If frequent transfers are not required and the amounts are small, the best option is to create an ETC wallet directly in the Chrome browser by installing an extension from the Google Play Market:
This is the fastest way to transfer funds, but also the riskiest. All operations take place directly in the browser, which itself has vulnerabilities that allow unauthorized access, including to extension settings.
It is unclear from the description how the Ethereum Classic wallet works with private keys in this case - if they end up in the browser cache in unencrypted form (which is more than likely when scripts are executed), then they can be easily intercepted by a third party. Therefore, we use such options only for small amounts!
Software wallets
The level of security is second only to hardware devices. To get started, the user is required to download and install the software on a PC. The interface and functionality of Local Wallet for the Classic version of Ethereum is comparable to online resources. You can download the original program on the project website ethereumclassic.org.
However, the functionality and management of the holder, judging by the reviews of cryptocurrency users, are inferior to many analogues developed by third-party companies.
Popular wallets:
- Mist is the official wallet for Ethereum Classic from the cryptocurrency developers. Can be downloaded from ethereum.org. The program takes up more than 200 MB of memory on the computer. Mist is easy to use.
- Jaxx is a multi-currency wallet developed by a Canadian company. Official website jaxx.io. It has desktop, browser and mobile versions.
- Ethecore Parity is a program created specifically for Ethereum Classic. Official portal parity.io.
To decide on a suitable wallet, you can read reviews on forums about cloud mining, find out what blockchain reviewers recommend, watch master classes or cryptocurrency reviews online.
Online wallets
The most popular type of wallet, due to ease of management and speed of operation. Suitable for regular use of coins. The popular wallet is hosted on ethereumclassic.github.io. Here you can download the desktop or create a browser version.
The wallet supports Russian language.
A popular multi-currency wallet for hosting the Classic version of Ethereum is Cryptonator. Official website ru.cryptonator.com.
The service allows you to withdraw money from mining and choose which way to make the exchange. The cryptonator acts as an exchanger where you can buy coins. Reviews about the site are mostly positive. The service publishes current information about cryptocurrency rates. A user-friendly interface, a high level of security (two-step authorization, checking the validity of the IP address) and versatility are the main advantages of the resource. On the site you can see the latest news from the world of cryptocurrencies.
READ How to top up your Bitcoin wallet in easy ways
How to send coins to another person
In order to send coins to another person, you need to:
- So that he gets himself a coin storage facility on Matbea, another exchange, or using a software/hardware option.
- So that this person sends you his wallet address (consists of a long set of letters and numbers.
- For you to initiate the sending of funds through your vault by specifying the address and amount to be transferred.
No difficulties. The procedure is similar for any type of digital money. It’s just important not to make a mistake with the storage number, otherwise the assets will go “nowhere” and you won’t be able to roll back the transfer.
Algorithm for creating a wallet
To open an account in an online wallet, just go to the website and fill out the registration form, which includes:
- email;
- password.
Personal data is optionally entered in your personal account after creating the wallet.
The website ethereumclassic.github.io provides a list of wallets. The list can be seen by clicking on the Wallets tab.
You can download any suitable desktop version from GitHub. After downloading and installing the program, registration is carried out: fill out the fields, leave your comment if necessary. During the account registration process, the user receives 2 keys: private and public. Everyone must remember a simple truth: “The private key is kept only by me.” The open one acts as a wallet address.
