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Pound sterling (GBP) to CTC (CTC) Instantly

Purchase CTC (CTC) with Pound sterling (GBP) 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 GBP 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 most common method for buying Creditcoin (CTC) with Great British Pounds (GBP)?

    The most direct method to buy the CTC digital asset with GBP is through a reputable cryptocurrency exchange that offers a GBP/CTC trading pair or a GBP fiat on-ramp. UK-based users typically complete a KYC/AML compliance check, then fund their account using UK Faster Payments or a debit card. Once funded, you can execute a trade on the platform's order book to acquire Creditcoin, which is then stored in your exchange wallet.

  • What factors should I consider when selecting a platform for GBP/CTC secure trading?

    When choosing an exchange, prioritize platforms that are FCA-compliant or registered in the UK for enhanced security. Evaluate the liquidity and trading volume of the GBP/CTC pair to ensure efficient trade execution. Also, compare fee structures, including deposit fees for GBP via BACS or CHAPS, trading fees, and withdrawal costs. Finally, ensure the platform offers robust security measures for your digital assets.

  • After my GBP to CTC transaction, what are the best practices for securing my digital assets?

    After acquiring CTC via a GBP fiat on-ramp, the highest security practice is to transfer your assets from the exchange to a personal digital wallet where you control the private keys. For significant holdings, a hardware wallet is strongly recommended. This practice of self-custody protects your Creditcoin from platform-specific risks like hacks or freezes, giving you full control over your blockchain assets.

  • Why is the GBP to CTC pair significant for UK investors interested in Real-World Assets (RWA)?

    The GBP/CTC pair provides a direct fiat gateway for UK investors to gain exposure to Creditcoin's unique RWA-focused ecosystem. Creditcoin aims to create a borderless credit market by recording loan performance on its blockchain. This pairing allows investors using Sterling to directly support a project focused on bridging DeFi with traditional finance, particularly for the unbanked and underbanked in emerging markets, without needing to convert GBP to another crypto first.

  • How does Creditcoin's 'Proof of Credit' mechanism add value to the CTC I purchase?

    When you purchase CTC, you are investing in a network powered by a unique 'Proof of Credit' consensus mechanism. This system doesn't validate transactions in the typical sense but instead records objective loan performance data from the Gluwa ecosystem onto the Creditcoin blockchain. This on-chain credit history creates a transparent and immutable record, which is the core utility that underpins the value and function of the CTC token within its credit reporting network.

  • What problem does Creditcoin solve by enabling on-chain credit history through its network?

    Creditcoin addresses the critical issue of a lack of a universal, trustworthy credit system, especially in emerging markets. By building an on-chain credit reporting network, it allows lenders and borrowers to establish a transparent credit history based on real-world loan performance. This enables the unbanked and underbanked to build verifiable credit, fostering financial inclusion and bridging the gap between decentralized finance (DeFi) and traditional credit infrastructure (TradFi).

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