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Convert
Korean Won (KRW) to CTC (CTC) Instantly

KRW KRW
CTC CTC
Buy CTC (CTC)

Purchase CTC (CTC) with Korean Won (KRW) easily at Switchere and benefit from fast, secure transactions.

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)

How to Buy CTC (CTC)

swipe Step-by-step guidance
card Easy credit card payments
btn Streamlined purchase process
  1. Step 1 illustration
    01

    Choose KRW to CTC Pair

    Select your preferred payment method and enter the amount.

  2. Step 2 illustration
    02

    Enter Your CTC Wallet Address

    Provide your CTC wallet address and proceed with the payment.

  3. Step 3 illustration
    03

    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 common methods to buy Creditcoin (CTC) with Korean Won (KRW)?

    The primary method for purchasing Creditcoin (CTC) with Korean Won is through regulated South Korean cryptocurrency exchanges that list the KRW/CTC trading pair. This process typically involves setting up an account, completing a mandatory KYC/AML verification process which often requires linking a real-name Korean bank account, and then using a direct KRW bank transfer to fund your exchange wallet for the digital asset purchase.

  • What is the significance of the KRW pairing for the Creditcoin network?

    The KRW pairing is significant as it provides a direct fiat on-ramp for one of the most active crypto trading markets globally. For Creditcoin, which focuses on bringing real-world assets (RWA) like credit history onto the blockchain, this liquidity bridge is crucial. It facilitates easier access for South Korean users and fintech partners, like Gluwa, to interact with Creditcoin's decentralized credit protocol and its on-chain credit recording capabilities, fostering adoption within a technologically advanced economy.

  • How does Creditcoin's 'Proof of Credit' mechanism relate to real-world asset (RWA) transactions?

    Creditcoin's Proof of Credit is a consensus mechanism that validates and records credit-related RWA transactions, such as loan disbursements and repayments, on its blockchain. When a fintech partner facilitates a loan, the terms and performance data are cryptographically signed and submitted to the Creditcoin network. This creates a transparent and immutable on-chain credit history for borrowers, bridging the gap between off-chain credit activities and the decentralized finance ecosystem.

  • What are the security best practices when trading KRW for CTC and storing the digital asset?

    When trading KRW for CTC, always use a reputable, regulated South Korean exchange and enable two-factor authentication (2FA) on your account. After purchasing CTC, the best security practice is to transfer your digital assets from the exchange to a private, non-custodial digital wallet where you control the private keys. This minimizes the risk of loss from exchange-related security breaches. Ensure your chosen wallet officially supports the Creditcoin network.

  • Are there specific KYC regulations in South Korea for KRW fiat on-ramps?

    Yes, South Korea has some of the most stringent KYC/AML regulations globally. To use a KRW fiat on-ramp on a cryptocurrency exchange, users must complete a thorough identity verification process. Crucially, this includes linking a real-name bank account from a partnered domestic bank to their exchange account. This 'real-name verification system', enforced by the Financial Services Commission (FSC), ensures a high level of transparency and regulatory compliance for all KRW-to-crypto transactions.
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