What is Civic (CVC) Coin
Civic is a blockchain-based identity management solution that gives individuals and businesses the tools they need to control and protect personal identity information. The platform is designed to change the way we think about identity verification by giving users more control over their personal data, while allowing them to access a wide range of services without needing to fork over excessive amounts of personal information.
Civic’s identity verification solution uses distributed ledger technology to authorize identity usage in real time, and is used to sparingly share information with Civic partners after authorization by the user.
Unlike some other identity management services, Civic users store all their sensitive data on their mobile device. Users are able to authorize the sharing of specific personal data by providing a biometric signature through the Civic app.
The Civic ecosystem is enabled by a unique utility token known as the Civic coin (CVC), which is used for the settlement of identity-related transactions between Civic participants — such as between a customer and service provider.
Users can earn CVC tokens for completing a variety of tasks, such as signing up for a service through the platform or introducing new users, while validators can earn CVCs for validating documents for service providers. Civic was launched in 2018, following a sell-out initial coin offering (ICO) the year prior.
- Civic is a non-custodial wallet on the Ethereum blockchain that allows users to store cryptocurrencies and identity proofs.
- The platform enables users to set up their own virtual identity and leverage it for verifications. This is done by using Identity.com’s open-source ecosystem that uses a “blockchain-based, decentralized marketplace to connect identity requesters, identity validators, and users to reusable identity verification services”.
- After the personally identifiable information is verified by identity validators, a reference to the locally stored personally identifiable information is ported onto the blockchain, where service providers can access it with the proper permission from the user.
- The CVC token is a universal form of payment in the Civic ecosystem.
How To Buy Civic (CVC) Coin
1.Step: Everyone who is planning to invest in or benefit from the advantages of cryptocurrencies wonders the answer to Where to buy Cvc coin question. First, you need an online wallet to buy cryptocurrencies. You need to sign up to Binance exchange from here, which is preferred globally to buy coins and you can buy coins with fiat currencies. You can quickly access many assets and trade types such as altcoins, future markets, and margin by creating a Binance account.
2.Step: Complete your registration by typing an email to the email section or typing your phone number on the section available on the mobile tab. Click/tap on the “Buy Crypto with Your Credit Card” option after the registration and verify your identity.
3.Step: Continue the process by typing the amount you would like to invest and your preferred cryptocurrency. Keep in mind that for security reasons, your credit card/debit cardholder information must match with the name available on your account. If you would like to buy cryptocurrencies with a wire transfer, you need to follow the Buy Crypto > Third-Party Payment options to pick your preferred fiat currency to buy cryptocurrencies.
4.Step: If the cryptocurrency you are planning to buy is not available on the list, buy USDT “You can always redeem 1 USDT Coin for US $1.00”. You can buy any coin you want with USDT by following Buy-Sell > Classic steps. We have provided the answer to How to buy Civic coin, now you can view the cryptocurrencies you bought by clicking on the wallet summary available on your Binance account. You can sell your assets when their value increases, or you can withdraw them to your bank account in desired fiat currency.
How Much is a Civic (CVC) Coin
Civic (CVC) coin prices are updated instantly in USD, Euro, Sterling currencies in the following table.
Civic (CVC) Coin Review
You can learn more about Civic (CVC) coin reviews and information on cryptocurrencies by visiting their official page available in the following.
Website https://www.civic.com/ Whitepaper https://tokensale.civic.com/CivicTokenSaleWhitePaper.pdf Github https://github.com/civicteam Telegram https://t.me/civicplatform Discord https://discord.gg/MWmhXauJw8