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Convert
Philippine Peso (PHP) to CTC (CTC) Instantly

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CTC CTC
Buy CTC (CTC)

Purchase CTC (CTC) with Philippine Peso (PHP) 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 PHP 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 for buying Creditcoin (CTC) with Philippine Peso (PHP)?

    To purchase Creditcoin (CTC) with Philippine Peso (PHP), you typically use a regulated cryptocurrency exchange that serves as a fiat on-ramp. Common deposit methods in the Philippines include local bank transfers via PESONet or InstaPay, and popular e-wallets like GCash or PayMaya. After completing the mandatory KYC/AML compliance checks, you can deposit PHP into your exchange account and execute a trade on the PHP/CTC order book to acquire the digital asset.

  • Why is the PHP to CTC pair important for Creditcoin's mission of financial inclusion?

    The PHP/CTC trading pair is crucial because it provides direct access for one of the world's largest unbanked and underbanked populations to the Creditcoin ecosystem. This facilitates Creditcoin's core mission of building a verifiable credit history on the blockchain. By enabling users to easily convert PHP to CTC, the platform empowers them to participate in a global, blockchain-based credit network, leveraging real-world asset (RWA) performance data to secure future financial opportunities.

  • When choosing a platform for PHP to CTC trading, what technical factors are most important?

    When selecting a cryptocurrency exchange for PHP/CTC transactions, prioritize platforms with high trading volume and deep order book liquidity to ensure minimal slippage. Check for robust security features like two-factor authentication (2FA) and cold storage for funds. Also, verify that the platform's digital wallet supports the Creditcoin mainnet for withdrawals and that their system efficiently processes PHP deposits through local methods like GCash or bank transfers.

  • What kind of fees should I expect when making a digital asset purchase of CTC using PHP?

    Purchasing CTC with PHP involves several potential fees. First, the fiat on-ramp may charge a deposit fee for your PHP transfer, which varies by method (e.g., InstaPay vs. bank wire). Second, the exchange will charge a trading fee, often a small percentage based on whether you are a 'maker' or 'taker' on the order book. Finally, when you move your CTC to a personal digital wallet, you will pay a network fee for the blockchain transaction, which is standard for securing the Creditcoin network.

  • How does acquiring CTC with PHP relate to the Proof-of-Credit mechanism?

    Acquiring CTC with PHP is the first step to engaging with Creditcoin's Proof-of-Credit (PoC) consensus mechanism. The CTC token is essential for recording loan performance on-chain. Lenders and borrowers use CTC to facilitate the recording of credit history, such as repayments of loans which could have been originated in PHP. This on-chain data creates a verifiable credit history, transforming real-world loan performance into a digital asset that can be used to build credit for the unbanked.
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