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How to buy Creditcoin (CTC) in the US
A beginner's guide to buying and selling CTC in the US.
How to buy Creditcoin
Look for an exchange that supports both fiat and cryptocurrency to simplify buying Creditcoin.
- Open an account on an exchange that supports CTC.
Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
- Deposit funds into your account.
Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Creditcoin.
- Buy Creditcoin.
Complete your Creditcoin purchase and then find the best wallet to store CTC.
Creditcoin is a decentralized credit network built with the aim of transforming digital wallets into an investment market. Jointly created by the teams behind Gluwa and Aella, Creditcoin is an investment protocol aiming to develop an inter-blockchain lending market.
The end goal is a secure and transparent lending market where borrowers and lenders can connect directly with one another to organize cryptocurrency loans. The team behind the project claims that this will allow people without a credit history – the so-called “unbanked” who don’t have access to financial services – to have their transactions recorded objectively on a secure blockchain.
Creditcoin users can use the native currency of the ecosystem, CTC, to pay network transaction fees. Check out the Creditcoin one-pager for a quick overview of how it works.
Where to buy
Unfortunately, at this time no major exchanges in the US offer this coin. However, you may be able to purchase it with another cryptocurrency, just be sure you're following all legal restrictions and requirements.
Consider buying a different cryptocurrency after comparing popular exchanges.
Creditcoin at a glance
|Total CTC supply||600,000,000|
|All time high||US$8.67|
Creditcoin price performance over time
How to sell Creditcoin
You can cash out your CTC with the same exchange you bought it through:
- Sign in to the exchange you have CTC on.
If you store your Creditcoin in a digital wallet, compare crypto exchanges to sell it on.
- Place a sell order.
Choose the amount of CTC you'd like to sell.
- Complete your transaction.
Confirm the sell price and fees and close your sale of Creditcoin.
If you’re thinking of buying CTC, be aware that cryptocurrency trading is highly risky. Cryptocurrencies are volatile and complicated assets. It’s important to understand the risks involved and research each coin or token thoroughly before buying.
Here are some of the factors you might want to consider before buying CTC:
- Whitepaper. For a detailed explanation of how the Creditcoin ecosystem works, check out the project’s whitepaper.
- Competitors. Creditcoin is far from the only crypto project working in the blockchain-based lending space. It’s worth researching what other platforms are out there to find out how Creditcoin stacks up against the competition.
- Supply. According to data from CoinMarketCap, the maximum supply of CTC is 2 billion. At the time of writing in May 2021, approximately 28% of those coins were in circulation.
- Availability. CTC was only available on three exchanges at the time of writing. It’s worth considering what sort of impact this level of availability could have on the potential growth and adoption of Creditcoin in the future.
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