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Israeli New Shekel (ILS) to CTC (CTC) Instantly

Purchase CTC (CTC) with Israeli New Shekel (ILS) 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 ILS 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 ILS/CTC trading pair and how does it function?

    The ILS/CTC pair represents the exchange rate between the Israeli Shekel (ILS), a fiat currency, and Creditcoin (CTC), a digital asset. It functions as a fiat on-ramp, allowing you to use ILS to purchase CTC tokens. These tokens are integral to the Creditcoin network, a public blockchain designed to create a decentralized credit lending ecosystem by recording loan performance for real-world assets (RWA).

  • What is the core utility of the CTC token within the Creditcoin network?

    The CTC token's primary utility is to power the Creditcoin blockchain. It is used to pay for transaction fees required to record credit history on-chain, secure the network through its Nominated Proof-of-Stake (NPoS) consensus mechanism, and participate in governance. This infrastructure supports platforms like Gluwa, which facilitates credit access for the unbanked in emerging markets by creating an objective credit history.

  • Are there specific blockchain fees associated with Creditcoin (CTC) transactions?

    Yes, like most public blockchains, the Creditcoin network requires transaction fees paid in CTC. These fees compensate network participants who validate transactions and secure the blockchain through its combined Proof-of-Work (PoW) and Nominated Proof-of-Stake (NPoS) consensus systems. When you withdraw CTC from an exchange to a private digital wallet, you will incur this network fee.

  • What are the typical methods to buy CTC with Israeli Shekel (ILS)?

    To buy CTC with ILS, you typically need to use a cryptocurrency exchange that supports ILS deposits and lists the CTC token. The process involves creating an account, completing KYC/AML compliance checks, and then funding your account via Israeli Shekel bank transfer, credit/debit card, or other local payment methods. Once funded, you can place an order on the ILS/CTC order book to execute the trade.

  • What security measures are crucial after converting ILS to CTC?

    After purchasing CTC with ILS on an exchange, the most critical security step is to transfer your digital assets to a secure, personal digital wallet where you control the private keys. This practice, known as self-custody, mitigates the risk of loss from exchange hacks. Using a hardware wallet is highly recommended for long-term storage. Always double-check wallet addresses and be wary of phishing scams.

  • Why is finding an exchange with high ILS/CTC liquidity important?

    High liquidity for the ILS/CTC trading pair ensures that you can execute large trades quickly without significantly impacting the market price, a phenomenon known as slippage. An exchange with a deep order book and high trading volume for ILS/CTC provides a more stable and efficient trading environment, allowing you to buy or sell your digital assets at a predictable price.

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