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Mexican Peso (MXN) to CTC (CTC) Instantly

Purchase CTC (CTC) with Mexican Peso (MXN) 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 MXN 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 MXN/CTC trading pair and what does it represent?

    The MXN/CTC pair represents the exchange rate between the Mexican Peso (MXN) and Creditcoin (CTC). It allows you to purchase CTC, a digital asset for the Creditcoin network, directly using MXN. Creditcoin is a blockchain designed to create a decentralized credit history by recording real-world asset (RWA) loan transactions, bridging traditional finance with DeFi.

  • Why is a blockchain-recorded credit history important in the Creditcoin ecosystem?

    A blockchain-recorded credit history is central to Creditcoin's mission. It creates an immutable and transparent record of a borrower's repayment performance from both CeFi and DeFi platforms. This allows for more objective credit assessments, potentially enabling uncollateralized loans and opening up access to capital for individuals in emerging markets who may lack traditional banking histories, all verified through the Gateway DAO.

  • After buying CTC, what is the most secure way to store it?

    The most secure method for storing your CTC is to transfer it from the cryptocurrency exchange to a non-custodial digital wallet where you control the private keys. For significant holdings, a hardware wallet (cold storage) is highly recommended as it keeps your private keys offline, protecting them from online threats like hacking and malware. Always back up your seed phrase securely.

  • What are the common methods to buy CTC with MXN?

    To buy CTC with Mexican Pesos, you typically use a cryptocurrency exchange that offers a direct MXN/CTC pair or a fiat on-ramp supporting MXN. The process involves creating an account, completing KYC/AML compliance, and depositing MXN via methods like SPEI transfer, OXXO Pay, or local bank transfer. Once funded, you can place a buy order for CTC on the exchange's order book.

  • What kind of fees should I expect when trading MXN for CTC?

    Trading MXN for CTC typically involves three potential fees: 1) A deposit fee for adding MXN to the exchange, which varies by method (SPEI is often cheaper than card payments). 2) A trading fee, which is a small percentage of the transaction value, often based on a maker-taker model. 3) A withdrawal fee to move your purchased CTC to an external digital wallet, which covers the Creditcoin network's blockchain transaction fee.

  • What is G-CRE and how does it relate to my CTC holdings?

    G-CRE is the native gas token of the Creditcoin 2.0+ network. While CTC is the primary asset used for rewards and staking within the ecosystem, G-CRE is specifically used to pay for blockchain transaction fees, similar to how ETH is used for gas on Ethereum. If you plan to transact on the Creditcoin network (e.g., send CTC), you will need a small amount of G-CRE in your wallet to cover these operational costs.

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