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Japanese yen (JPY) to CTC (CTC) Instantly

Purchase CTC (CTC) with Japanese yen (JPY) 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 JPY 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 are the primary methods for buying Creditcoin (CTC) with Japanese Yen (JPY)?

    To buy Creditcoin (CTC) with JPY, the most common method is through a regulated cryptocurrency exchange that offers a JPY fiat on-ramp. Users typically need to complete KYC/AML compliance, then fund their account via a Japanese Yen bank transfer. Once funded, you can place an order on the JPY/CTC order book to execute the digital asset purchase and transfer the CTC to a secure digital wallet.

  • What regulations, such as those from Japan's FSA, should I be aware of when trading JPY for CTC?

    When using a Japanese Yen fiat gateway, you must use a cryptocurrency exchange licensed by Japan's Financial Services Agency (FSA). These regulated exchanges enforce strict KYC (Know Your Customer) and AML (Anti-Money Laundering) procedures. This ensures secure trading and compliance with national laws. Always verify the exchange's regulatory status in Japan before depositing JPY for your digital asset purchase.

  • What are the typical transaction processes and fees for JPY to CTC conversions on an exchange?

    The process involves depositing JPY via a local payment method like a bank transfer to a regulated exchange. You'll then place a trade on the JPY/CTC market. Fees typically include a deposit fee for the JPY transfer, a trading fee (maker/taker fee) based on the exchange's order book, and a withdrawal fee to move your CTC to an external digital wallet. The trading fee is often a percentage of the transaction value and varies by exchange and trading volume.

  • Why is the JPY/CTC pair significant for traders interested in real-world asset (RWA) protocols?

    The JPY/CTC pair provides a direct fiat gateway for Japanese investors to access Creditcoin's blockchain-based credit system. This is crucial as Creditcoin focuses on recording real-world credit history on-chain, effectively bridging traditional finance with DeFi. Acquiring CTC with a stable fiat currency like JPY allows traders to participate in a protocol aimed at uncollateralized lending and bringing real-world assets into the digital ecosystem, promoting financial inclusion.

  • How does Creditcoin's Proof-of-Credit consensus relate to its value when purchased with JPY?

    Creditcoin's core innovation is its Proof-of-Credit (PoC) consensus mechanism, which validates and records loan transactions from real-world credit networks like its partner, Gluwa. When you convert JPY to CTC, you are investing in a digital asset whose utility is tied to this on-chain credit history recording. This mechanism adds tangible, real-world value to the blockchain, moving beyond speculation and creating a verifiable system for cross-chain credit, which is an attractive proposition for investors from traditional finance backgrounds.

  • After purchasing CTC with JPY, what are the best practices for securing and using my tokens?

    For secure storage, transfer your CTC from the exchange to a non-custodial digital wallet where you control the private keys. Hardware wallets are recommended for long-term holding. To use your CTC, you can engage with the Creditcoin ecosystem, such as participating in governance or exploring functionalities within the Gluwa platform, which is integral to Creditcoin's mission of building a global credit system and facilitating cross-chain credit recording.

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