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Convert
Philippine Peso (PHP) to Ethereum Classic (ETC) Instantly

PHP PHP
ETC ETC
Buy Ethereum Classic (ETC)

Purchase Ethereum Classic (ETC) with Philippine Peso (PHP) easily at Switchere and benefit from fast, secure transactions.

About
Ethereum Classic (ETC)

Ethereum Classic (ETC) is the continuation of the original Ethereum blockchain, steadfastly upholding the principle of immutability following the 2016 DAO hack, which led to the network split. This decentralized network maintains its commitment to a Proof-of-Work (PoW) consensus mechanism, currently utilizing the Etchash algorithm, to ensure robust cryptographic security and validate transactions on its digital ledger. As a foundational smart contract platform, Ethereum Classic supports the development and execution of decentralized applications (dApps), providing a permissionless environment for developers to build a wide array of on-chain solutions and leverage its Turing-complete virtual machine. The native ETC token is essential for the ecosystem, primarily serving as gas to pay for transaction fees and computational resources required for smart contract operations and peer-to-peer transfers within this Web3 infrastructure.

Beyond its utility for network operations, ETC's tokenomics are designed with a fixed supply cap, established through ECIP-1017, aiming to position it as a sound digital asset with deflationary characteristics over time, differentiating it from Ethereum's (ETH) evolving monetary policy. Ethereum Classic continues to champion the "code is law" philosophy, offering a resilient and censorship-resistant platform for various DeFi applications and digital assets. It represents an important alternative within the broader blockchain technology landscape for users and developers who prioritize unwavering chain integrity and the proven security model of Proof-of-Work for their decentralized solutions and cryptographic security needs, standing as a testament to on-chain persistence.

Ethereum Classic (ETC)

How to Buy Ethereum Classic (ETC)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose PHP to ETC Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your Ethereum Classic Wallet Address

    Provide your ETC wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    Receive Your Ethereum Classic

    Complete the payment, and your ETC will be sent to your wallet.

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Frequently asked questions

  • What exactly is the PHP/ETC trading pair and its significance?

    The PHP/ETC pair represents the direct exchange rate between the Philippine Peso (PHP) and Ethereum Classic (ETC). Its significance lies in providing a direct fiat on-ramp for users in the Philippines to acquire ETC, the original Ethereum blockchain that maintains a Proof-of-Work (PoW) consensus mechanism. This allows investors to trade a digital asset committed to immutability directly from their local currency, bypassing intermediate conversions and engaging with its smart contract capabilities.

  • What are the common payment methods to buy ETC using Philippine Pesos (PHP)?

    To purchase ETC with PHP, users on local cryptocurrency exchanges typically utilize several fiat gateways. The most common methods include direct bank transfers via InstaPay or PESONet, which offer a secure link to your bank account. Additionally, popular e-wallets like GCash and PayMaya are widely integrated, providing fast and convenient mobile payments. Completing KYC/AML compliance is a mandatory step on these platforms before any digital asset purchase can be made.

  • Why might a trader choose Ethereum Classic (ETC) over other smart contract platforms?

    Traders may choose Ethereum Classic for its unwavering commitment to the 'Code is Law' principle, meaning transactions and smart contracts on its blockchain are final and cannot be altered. As the original Ethereum chain, it operates on a battle-tested Proof-of-Work (PoW) consensus, which some consider more fundamentally secure and decentralized than Proof-of-Stake alternatives. This makes ETC a choice for those who prioritize immutability and a proven security model for running DApps and digital assets.

  • What fees are involved when converting PHP to ETC?

    When converting PHP to ETC, you should consider a few types of fees. First, there's often a fiat deposit fee charged by the payment processor (e.g., a small percentage for using an e-wallet). Second, the cryptocurrency exchange will charge a trading fee, typically based on a maker-taker model. Finally, if you move your ETC to a personal digital wallet, you'll pay an ETC network withdrawal fee, which covers the cost of the blockchain transaction on the Proof-of-Work chain.

  • How can I securely store my Ethereum Classic (ETC) after buying with PHP?

    For secure, long-term storage of ETC acquired with PHP, it is highly recommended to transfer your digital assets from the exchange to a personal wallet where you control the private keys. This is known as self-custody. Options include hardware wallets (the most secure), which store keys offline, and reputable software wallets. Always back up your seed phrase in a secure, offline location and never share it. Leaving assets on an exchange exposes them to platform-specific risks.
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