Convert
Thai Baht (THB) to CTC (CTC) Instantly
Purchase CTC (CTC) with Thai Baht (THB) 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.
How to Buy CTC (CTC)
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Frequently asked questions
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What is the THB/CTC trading pair and how does it function on a cryptocurrency exchange?
The THB/CTC trading pair represents the direct exchange rate between the Thai Baht (THB) and Creditcoin (CTC). On a cryptocurrency exchange, this pair functions as a direct fiat on-ramp, allowing users to buy CTC using THB without first converting to another currency like USD. Trades are executed through an order book, where buy and sell orders are matched at an agreed market price, providing liquidity for this digital asset focused on recording credit history on its blockchain. -
What are the typical payment methods to buy Creditcoin (CTC) with Thai Baht (THB)?
To buy CTC with THB, users on regulated cryptocurrency exchanges commonly use local payment systems. The most prevalent methods include direct bank transfers from Thai banks, Thai QR code payments, and PromptPay. These fiat gateways require users to complete KYC/AML (Know Your Customer/Anti-Money Laundering) verification to comply with Thai SEC regulations, ensuring a secure transaction environment for your digital asset purchase. -
What are the technical advantages of using Creditcoin's blockchain when I hold CTC?
Holding CTC grants you access to the Creditcoin network, a blockchain specifically designed for recording credit transaction history, bridging real-world assets (RWA) with DeFi. Its key technical features include EVM compatibility, allowing for complex smart contract deployment. The transition to Creditcoin 3.0 introduces a Nominated Proof-of-Stake (NPoS) consensus mechanism, enhancing security and scalability for its core function: creating an immutable, decentralized ledger of credit performance for uncollateralized lending. -
How can I securely withdraw and store my CTC after purchasing with THB?
After a successful THB to CTC purchase on an exchange, secure your digital assets by withdrawing them to a personal digital wallet where you control the private keys. To do this, initiate a withdrawal on the exchange, provide your unique CTC wallet address, and enable two-factor authentication (2FA) for added security. Always double-check the address and ensure you are using the correct Creditcoin network for the transfer. For long-term storage, consider using a hardware wallet (cold storage). -
Are there any specific regulations in Thailand to be aware of when trading the THB/CTC pair?
Yes, cryptocurrency trading in Thailand is regulated by the Thai Securities and Exchange Commission (SEC). When trading THB/CTC, you must use a licensed and compliant digital asset exchange. These platforms are required to enforce strict KYC/AML procedures to prevent illicit activities. Additionally, traders should be aware of their personal tax obligations on capital gains from cryptocurrency transactions as stipulated by the Thai Revenue Department.