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Bangladeshi Taka (BDT) to CTC (CTC) Instantly

Purchase CTC (CTC) with Bangladeshi Taka (BDT) easily at Switchere and benefit from fast, secure transactions.

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About
CTC (CTC)

Creditcoin (CTC) is a foundational blockchain technology designed to address a critical gap in the global financial system: the lack of a universal, transparent credit history. Its primary objective is to create a decentralized network for a borderless credit market, specifically targeting the unbanked and underbanked populations. By recording loan performance on a public digital ledger, Creditcoin provides a mechanism for individuals and businesses to build a verifiable, on-chain credit history. This digital asset aims to bridge the divide between traditional finance and DeFi applications, fostering greater financial inclusion by making credit more accessible and transparent across the globe through its innovative Web3 infrastructure.

The core of the Creditcoin protocol involves linking real-world, off-chain loan agreements to its immutable blockchain. This process creates objective proof of creditworthiness that is not controlled by any single entity. The native utility token, CTC, is integral to the ecosystem's operation. It is used to pay for transaction fees required to record credit transactions, such as loan requests and repayments, on the chain. Furthermore, CTC can be utilized for staking to enhance the cryptographic security of the network. This unique approach to integrating real-world assets (RWA) in the form of private credit establishes a foundational layer for on-chain reputation and new financial products.

CTC (CTC)

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How to Buy CTC (CTC)

  1. Select currency menu

    Choose BDT to CTC Pair

    Select your preferred payment method and enter the amount.

  2. Crypto address page

    Enter Your CTC Wallet Address

    Provide your CTC wallet address and proceed with the payment.

  3. Confirmation page

    Receive Your CTC

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

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Frequently Asked Questions

  • What is the BDT/CTC trading pair and what does it represent?

    The BDT/CTC pair represents a direct fiat on-ramp, allowing users to purchase Creditcoin (CTC), the native digital asset of the Creditcoin blockchain, using Bangladeshi Taka (BDT). This enables participation in Creditcoin's mission to create a borderless credit system by recording credit history on-chain. This transaction acts as a crucial fiat gateway into the world of real-world asset (RWA) lending protocols.

  • Why is Creditcoin's Proof-of-Work consensus mechanism important for users?

    Creditcoin utilizes a Proof-of-Work (PoW) consensus mechanism, similar to Bitcoin, which provides high security and immutability for its Credit Recording Network. For users, this means that once their credit transactions are recorded on the blockchain, they are exceptionally difficult to alter or forge. This robust security model is fundamental to building trust in its on-chain credit history system, ensuring data integrity for both lenders and borrowers.

  • How should I securely store my CTC tokens after a BDT purchase?

    After purchasing CTC, it is highly recommended to move them from the exchange to a personal digital wallet where you control the private keys. For long-term holding and maximum security, a hardware wallet is the best option. For active use within the Creditcoin ecosystem, a non-custodial software wallet compatible with the Creditcoin blockchain is suitable. Never share your private keys or seed phrase with anyone.

  • What are the common payment methods for acquiring CTC with BDT in Bangladesh?

    Direct BDT/CTC pairs on centralized exchanges are uncommon. Therefore, peer-to-peer (P2P) platforms are the primary venue for this digital asset purchase. Common payment methods include local bank transfers, and increasingly, Mobile Financial Services (MFS) like bKash and Nagad, which offer a convenient way to complete the fiat leg of the P2P transaction.

  • What compliance procedures like KYC are needed to trade BDT for CTC?

    When using any reputable cryptocurrency exchange or P2P platform, you will almost certainly need to complete Know Your Customer (KYC) and Anti-Money Laundering (AML) verification. This involves submitting government-issued identification and sometimes proof of address. This KYC/AML compliance is a standard security measure to prevent illicit activities and ensure a secure trading environment for all participants in the BDT to CTC fiat gateway.

  • What is the role of the Gateway DAO in the Creditcoin ecosystem?

    The Gateway DAO is a crucial component of Creditcoin 2.0+, serving as a decentralized governing body. It manages the integration of real-world assets (RWAs) and external blockchains, ensuring that the credit data recorded is valid and reliable. Holders of CTC can participate in the Gateway DAO's governance, influencing key parameters and the future development of the network, which adds a layer of decentralized utility to the CTC token.

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