How to Earn Ethereum Classic (ETC): A Step-by-Step Guide

Introduction

Lending Ethereum Classic can be a great option for those who want to hold ETC but earn yield. The steps can be a little daunting, especially the first time you do them. That's why we've put this guide together for you.

Step-by-Step Guide

1. Obtain Ethereum Classic (ETC) Tokens

In order to lend Ethereum Classic, you need to have it. To obtain Ethereum Classic, you'll need to purchase it. You can choose from these popular exchanges.

Platform	Coin	Price
Nexo	Ethereum Classic (ETC)	12.38
PrimeXBT	Ethereum Classic (ETC)	12.38
Binance	Ethereum Classic (ETC)	12.39
Coinbase	Ethereum Classic (ETC)	12.39
Kraken	Ethereum Classic (ETC)	12.39
OKX	Ethereum Classic (ETC)	20.9

See all 54 prices

2. Choose a Ethereum Classic Lender
Once you have ETC, you'll need to choose a Ethereum Classic lending platform to lend your tokens. You can see some options here.
Platform Coin Interest rate
Blockchain.com Ethereum Classic (ETC) Up to 1% APY
Kucoin Ethereum Classic (ETC) Up to 0.19% APY
See all 4 lending rates
3. Earn Ethereum Classic
Once you've chosen a platform to earning your Ethereum Classic, transfer your Ethereum Classic into your wallet in the earning platform. Once it's deposited, it will start earning interest. Some platforms pay interest daily, while others are weekly, or monthly.
4. Earn Interest
Now all you need to do is sit back while your crypto earns interest. The more you deposit, the more interest you can earn. Try to make sure your earning platform pays compounding interest to maximise your returns.

Platform	Coin	Interest rate
Blockchain.com	Ethereum Classic (ETC)	Up to 1% APY
Kucoin	Ethereum Classic (ETC)	Up to 0.19% APY

What to be Aware of

Lending your crypto can be risky. Make sure you do your research before depositing your crypto. Don't lend more than you're willing to lose. Check their lending practices, reviews, and how they secure your cryptocurrency.

Latest Movements

Ethereum Classic (ETC) is currently priced at $1 with a 24-hour trading volume of $154.64M. The market cap of Ethereum Classic stands at $3.78B, with 150.29M ETC in circulation. For those looking to buy or trade Ethereum Classic, Blockchain.com offers avenues to do so securely and efficiently}

Market cap: $3.78B
24h volume: $154.64M
Circulating supply: 150.29M ETC

See latest information

Frequently Asked Questions About Ethereum Classic (ETC) Lending

What is Ethereum Classic (ETC) and how does it differ from Ethereum (ETH)?: Ethereum Classic is a blockchain that originated from Ethereum after a 2016 hard fork. The split occurred because of a disagreement over how to handle a major hack; Ethereum Classic chose to preserve the original chain and its history, including the unwound transaction that many others moved away from. Technically, ETC runs on the same underlying technology as Ethereum—smart contracts, decentralized applications, and a Turing-complete EVM—but it adheres to a principle of immutability and resistance to changing past blocks. The key practical difference is community support, development activity, and ecosystem maturity. If you’re evaluating investments or usage, consider ETC’s ongoing development, its gas fee model, and how its relatively smaller ecosystem compares to ETH in terms of dApps, liquidity, and Layer 2 integrations.
What are the main use cases and how can I use ETC in practice?: ETC is primarily used as a digital currency and a settlement layer for decentralized apps on its chain. Practical uses include sending ETC payments, participating in DeFi protocols that operate on the Ethereum Classic network, and paying for transaction fees (gas) when executing smart contracts or interacting with dApps. For developers, ETC supports Solidity-compatible smart contracts, enabling dApp development and porting apps from Ethereum with some compatibility considerations. When engaging with ETC, you should monitor network gas prices, which influence transaction costs, and consider using wallets and exchanges that support ETC for efficient transfers and liquidity access. As with any crypto asset, only invest what you’re willing to risk and ensure you store private keys securely if you manage your own wallet.
Is Ethereum Classic a good long-term investment, and what risks should I consider?: ETC presents a distinct value proposition for those who believe in blockchain immutability and a diversified crypto portfolio. Its long-term merit hinges on continued developer activity, real-world usage, and liquidity. Key risks include competition from Ethereum’s evolving ecosystem, potential declines in liquidity during market downturns, and governance considerations given its community-driven roadmap. Additionally, the asset price is sensitive to overall crypto market sentiment and network usage. Before investing, assess ETC’s supply dynamics (max supply around 210.7 million), current circulating supply (about 155 million), and recent price trends. Diversify risk, use reputable wallets, and stay informed about protocol updates or forks that may affect compatibility and security.