How to Buy ETC (Ethereum Classic) In Nigeria On Remitano
How to Buy ETC (Ethereum Classic) on Remitano
Remitano is a popular peer-to-peer cryptocurrency exchange that allows you to easily buy and sell major cryptocurrencies like Bitcoin, Ethereum, and Tether using various local payment methods.
In this comprehensive guide, you’ll learn how to buy ETC (Ethereum Classic) on Remitano in just a few quick and easy steps.
Overview of Buying ETC on Remitano
Here’s a quick overview of what’s involved in buying ETC on Remitano:
- Step 1: Create an account on Remitano and complete the KYC verification process
- Step 2: Deposit funds into your account via bank transfer or other supported payment methods
- Step 3: Search for ETC buying offers and select one from a vendor
- Step 4: Open trade, agree to terms, enter ETC amount, and click “Buy”
- Step 5: Follow provided instructions to make payment to seller
- Step 6: Confirm payment completed on Remitano
- Step 7: Receive ETC in your wallet once seller confirms payment received
Fairly straightforward! Now let’s explore each step in more detail.
Step 1: Create a Remitano Account
To get started buying Ethereum Classic on Remitano, you first need to create a free account.
Provide your email address and create a secure password. You’ll also need to enter your full name, country, and phone number to register your account.
Once your account is created, you’ll need to complete Remitano’s Know-Your-Customer (KYC) identity verification process. This involves submitting proof of ID and proof of address documents.
Completing KYC verification may take up to 48 hours, but is necessary for account security, compliance purposes, and to lift deposit/withdrawal limits imposed on unverified accounts.
On Remitano.com, you can Buy and Sell Bitcoin and 15 other Altcoins worldwide. It is the Top one P2P marketplace.
Step 2: Deposit Funds
Now you need to fund your account with your local currency so you can start buying ETC.
Remitano lets you deposit via various methods depending on your country, including bank transfers, cash deposits, mobile money services, gift cards, and more.
Once logged into your account, click “Buy” at the top and select your desired deposit option. Simply enter the fiat amount you wish to deposit and follow the provided instructions.
For example, to deposit USD via bank transfer you’d need to provide Remitano’s bank account details to your bank, quoting your Remitano username as payment reference.
The deposited funds should reflect in your Remitano wallet balance within 1 hour for most payment methods. You’re now ready to start buying ETC!
Step 3: Search for ETC Buying Offers
In the next step, you need to search through the available peer-to-peer offers and select a suitable one to buy your desired amount of ETC from.
While logged into Remitano, click “Buy” at the top followed by selecting ETC as the cryptocurrency you wish to buy.
Next, enter your desired ETC purchase amount denominated in USD, or tick the “Amount in currency” box to enter as your local currency.
You can also filter the search results based on various criteria like payment method, location of seller, number of successful trades etc.
Once you enter the amount and set any filters, click the Search button to view all the currently available ETC buying offers.
Browse through the listings and select an offer that suits your requirements. Look at factors like the purchase price, minimum/maximum trade limits, seller rating & feedback, and accepted payment methods.
Step 4: Open ETC Trade & Agree to Terms
After choosing your preferred ETC purchasing offer, click the “Buy” button to open an ETC trade order with that seller.
You will now see a trade screen containing:
- Vendor details (username, feedback score)
- Terms of trade
- Bank details or payment instructions
- Live chat with the seller
- Buttons to pay, mark payment completed etc.
Take a moment to carefully read through the instructions and terms set by the seller, such as their preferred payment method, trade limits, terms & conditions etc.
Next, enter your desired ETC purchase amount in USD denomination on this screen.
Once you are satisfied with the seller’s terms and have specified the ETC amount, click the “Buy ETC” button to proceed.
This will initialize the ETC buying process. The agreed amount of ETC from the seller will now be locked into Remitano’s secure escrow wallet.
Step 5: Pay the Seller
With the trade now opened on Remitano, you need to pay the agreed amount to the seller using their preferred payment method to complete the purchase process.
On the trade screen, you’ll see bank account details or payment instructions provided by the seller which you must follow carefully.
For bank transfer, for example, you’d have to make a cash deposit or wire transfer into the seller’s bank account, usually within a specified time limit.
Or if the seller accepts gift cards, you may have to send photo/scans of the digital gift card codes. Follow what is required by the seller.
Some key pointers while making your payment:
- Carefully verify the seller’s payment details before paying
- Strictly adhere to payment time-limits (where specified)
- Save payment receipts or take screenshots (may be required later)
- Contact seller if facing issues via Remitano chat
Apart from bank transfers, Remitano transaction payments can also be done via:
- Cash deposits
- Face-to-face cash meetups
- Mobile money services
- Gift cards (Amazon, iTunes etc.)
- Online wallets (PayPal, Payoneer etc.)
Choose what works best for you and the seller!
Step 6: Mark Payment Completed
Once you have paid the seller by their preferred method and have receipt/proof saved, mark the ETC trade payment completed on Remitano.
Go back to your trade screen, and click the “I Have Paid” button to officially mark your side of the deal as completed.
This will notify the seller that you have made the payment. The seller will then have to manually confirm receiving the funds before the agreed amount of ETC is released to your wallet.
If the seller does not confirm payment within the allowed duration after you mark paid, the trade is auto canceled and your money is refunded. This protects you as a buyer.
Step 7: Receive Purchased ETC
The final step is to receive the ETC in your wallet once the seller has verified your payment and releases the escrowed coins.
On Remitano’s website, you can track the status of all your orders from your User Dashboard.
Once the seller confirms payment completion from their end, your escrowed ETC amount will be sent to your Remitano wallet automatically.
You can now either keep the ETC in your Remitano wallet itself, or withdraw it to an external crypto wallet by going to the “Withdraw” section.
And there you go! You have now successfully purchased Ethereum Classic through Remitano.
Buying cryptos peer-to-peer may seem complicated initially, but is in fact quite simple as seen in this step-by-step guide for purchasing ETC.
Frequently Asked Questions
Here are some common questions regarding buying ETC on Remitano:
Q: How long does buying ETC on Remitano take?
Most ETC purchases via Remitano can be completed in under an hour. However, it also depends on factors like seller confirmation time, blockchain congestion etc.
Q: Is Remitano safe to buy ETC?
Yes – Remitano employs standard security measures including 2FA, encrypted data, escrow wallets and transaction monitoring to ensure safety. As long as you stick to highly rated sellers, it is generally very safe.
Q: Can I buy ETC on Remitano without verification?
You can only buy up to $100 worth of ETC without ID verification on Remitano. To lift these limits, completing KYC verification is mandatory.
Q: What are Remitano’s fees?
Remitano charges around 0.5-1% as a service fee from the seller on each completed transaction. As the buyer, you typically won’t pay any fees.
Q: What happens if my ETC trade expires or gets disputed?
If your ETC trade order expires before the seller confirms payment, or a dispute arises, Remitano’s support team quickly investigates and resolves matters in a fair manner. Your money is protected by their escrow system as well.
Q: Can I buy other coins like BTC or ETH on Remitano too?
Yes, Remitano supports buying and selling of major cryptocurrencies including Bitcoin, Ethereum, USDT etc. The process is very similar as outlined in this guide for ETC purchases.
And that concludes this detailed walkthrough for buying Ethereum Classic on Remitano! I hope you now feel well equipped to start purchasing ETC safely and securely using Remitano’s speedy peer-to-peer exchange platform.