UFX Ethereum Classic

Ethereum Classic Trading At UFX

Ethereum Classic At UFX
Online BrokerMinimum DepositEthereum Classic CFDWeb TraderCrypto CFDs
$100
Minimum Deposit
Ethereum Classic CFD
ParagonEx
Web Trader
Ethereum Classic, Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo, QASH
Crypto CFDs

UFX Offers Ethereum Classic CFD Trading on ParagonEx

UFX offers Ethereum Classic (ETC) CFD trading on ParagonEx, a platform which supports crowd trading.

What is Ethereum Classic ?

Ethereum Classic is a platform which allows developers to create applications. It is built on the blockchain and is a continuation of the blockchain from which Ethereum forked. It is run independently of Ethereum. Ethereum Classic allows the creation of Smart Contracts. Smart Contracts utilise the blockchain to create applications which will run exactly as programmed. There is no centralised control of the blockchain.

Smart Contracts are executed on the blockchain. There is a cost associated with running these applications. These costs are processed on the blockchain by miners, who are incentivised to do so. As they process transaction blocks, they receive a reward of a cryptocurrency, which is thus created as part of this process.

Put simply, an Ethereum Classic Smart Contract uses the distributed non-centralised nature of the blockchain to run applications. Ethereum Classic does have a cryptocurrency associated with it, it is ETC. This is what is traded at UFX, but not the asset itself. The trader trades ETC using CFDs, which are based on the price of the cryptocurrency. The trader does not own the cryptocurrency and does not need a wallet.

What is UFX's minimum deposit ?

UFX's minimum deposit is $100. UFX.

What is ParagonEx ?

ParagonEx is a trading platform. It supports crowd trading through the MassInsights feed. This has information about markets and market events, referenced to the activity of the crowd of other traders. This allows traders to use information about the aggregated behavior of other traders, when trading.

What other Cryptocurrency CFDs does UFX offer ?

UFX offers CFD trading in Bitcoin, Ethereum, Litecoin, Bitcoin Cash, Ripple, NEO, Monero, Dash, Bitcoin Gold, EOS, IOTA, OmiseGO, Zcash, Aventus, QTUM, YOYOW, ETP, Santiment, Streamr, Eidoo and QASH, in addition to Ethereum Classic. As with Ethereum Classic, the trader does not own the underlying cryptocurrency, does not need a wallet and can go long or short.

Does UFX have different account types ?

UFX has a range of account types, with different minimum deposits. The Micro/Mini account has a minimum deposit of $100, the Mini account has a minimum deposit of $500, the Standard and Islamic accounts have a minimum deposit of $1000, the Gold account has a minimum deposit of $5000 and the Platinum account has a minimum deposit of $10,000.

What other markets does UFX offer ?

UFX offers Forex, Indices, Energy, Metals, Soft Commodities and ETFs, in addition to Cryptocurrency CFDs.

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