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South African Rand (ZAR) to CTC (CTC) Instantly

Purchase CTC (CTC) with South African Rand (ZAR) 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 ZAR 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 does the ZAR/CTC trading pair represent on a cryptocurrency exchange?

    The ZAR/CTC trading pair allows you to directly purchase Creditcoin (CTC), a digital asset, using South African Rand (ZAR). This acts as a crucial fiat on-ramp, enabling users to convert their local currency into CTC to participate in Creditcoin's decentralized credit network. The price indicates how many ZAR are needed to buy one CTC token on the exchange's order book.

  • How does acquiring CTC with ZAR contribute to Creditcoin's mission of financial inclusion?

    Purchasing CTC with ZAR is a direct entry point into the Creditcoin ecosystem, which is designed to provide financial inclusion for unbanked populations. By holding CTC, users can participate in its lending protocol, help secure the network, and build a verifiable transaction history. This on-chain credit record, anchored on the Creditcoin blockchain, can be used to access credit services that traditional finance might deny.

  • How does Creditcoin's blockchain technology secure CTC bought with ZAR?

    Creditcoin utilizes a Proof-of-Work (PoW) consensus mechanism to secure its blockchain. When you buy CTC with ZAR and hold it on the network, your ownership is recorded on a decentralized ledger. This PoW system ensures that all transactions, including loan repayment records and credit history, are immutable and tamper-proof, providing robust security for your digital assets.

  • What are the common payment methods for buying CTC with ZAR in South Africa?

    To buy CTC with ZAR, most regulated South African fiat gateways and exchanges accept Electronic Funds Transfer (EFT), bank deposits, and sometimes instant payment services like PayShap. These platforms require users to complete FICA (Financial Intelligence Centre Act) compliance, which is South Africa's KYC/AML procedure, before allowing any digital asset purchase.

  • What are the typical fees when converting South African Rand to Creditcoin?

    When converting ZAR to CTC, you'll typically encounter two types of fees. First, the cryptocurrency exchange will charge a trading fee (either a maker or taker fee) on the transaction. Second, when you withdraw your CTC to a secure personal wallet, you must pay a network fee for the blockchain transaction. Always review the fee schedule of your chosen platform before executing a trade.

  • Once I've made a ZAR to CTC digital asset purchase, what are the next steps within the Gluwa ecosystem?

    After your ZAR to CTC purchase, you can transfer your CTC to a compatible wallet like the Gluwa Wallet. Within this ecosystem, you can use your CTC to participate in staking, engage with the lending protocol, and begin building an on-chain credit history. This allows you to leverage your CTC holdings to access decentralized financial services and contribute to the network's security and utility.

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