Purchase CTC (CTC) with Brazilian Real (BRL) easily at Switchere and benefit from fast, secure transactions.
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.
The most common method to buy CTC with BRL is through a centralized cryptocurrency exchange that supports BRL deposits. Users typically complete a KYC/AML verification, deposit Brazilian Real via PIX or bank transfer (TED), and then use the BRL/CTC trading pair on the exchange's order book to purchase the digital asset.
A complete BRL to CTC transaction typically involves several fees: a deposit fee for BRL (often zero for PIX), a trading fee on the cryptocurrency exchange (a percentage of the trade value), and a CTC withdrawal fee. The withdrawal fee covers the network transaction cost on the Creditcoin blockchain, which is necessary to move your CTC from the exchange to a personal digital wallet.
For secure storage, you can move your CTC from the exchange to a personal digital wallet where you control the private keys. Options include software wallets (desktop/mobile apps) for convenience or hardware wallets (physical devices) for the highest level of security against online threats. Leaving CTC on a custodial exchange wallet is less secure as you don't control the keys.
The BRL/CTC pair provides a crucial fiat on-ramp for Brazilians to access the Creditcoin network. This is significant because Creditcoin's primary function is to record credit history and facilitate lending, effectively tokenizing credit as a real-world asset (RWA). A direct BRL gateway lowers the barrier for lenders and borrowers in Brazil to utilize Creditcoin's blockchain for transparent and traceable credit transactions.
While the BRL part of the transaction occurs on traditional banking rails, once you acquire CTC, all subsequent movements are recorded on Creditcoin's public blockchain. This immutable ledger provides complete transparency and transaction traceability for the CTC asset itself, which is fundamental to its purpose of creating a verifiable, on-chain credit history for lending and borrowing activities.
Yes, virtually all reputable cryptocurrency exchanges that provide a BRL fiat on-ramp are required to comply with Brazilian regulations. This includes mandatory Know Your Customer (KYC) and Anti-Money Laundering (AML) procedures. You will need to provide identity verification documents to deposit BRL and engage in secure trading.