Following the insane growth of Bitcoin as a digital currency, a lot of newer coins serving different goals were created. Today, there are many interesting choices besides the obvious Bitcoin. Collectively known as “altcoins,” these coins have been created by different developers around the world. The underlying technology and market recognition are what has given them a lot of value.
Today, we will take a look at Civic coin, a new blockchain-powered innovation that seeks to introduce AI-powered identity verification. The goal behind it is to incentivize users to reveal their identities by offering maximum protection of their personal sensitive data. Additionally, it helps organizations bypass the problem of having their data centralized, which is susceptible to data breaches. If you are wondering, “What is Civic crypto?” Let’s find out below.
Civic is an Ethereum-powered identity verification platform that enables users to safely share and verify their personal identities. At the same time, it allows organizations and businesses to reduce the cost of conducting background checks. By doing so, it gives users more control over their data such as who to share it with. This allows them to access a variety of services without the hassle of constantly having to re-verify their identity again.
All a user needs to do is to fill out their KYC and AML requirements and identify their identity once. The Civic platform uses biometrics, document verification, emails, and a lot more to verify the identity of the user. Thereafter, a user can implement the same data with various services that make use of the Civic platform. In return, users get rewarded with CVC crypto for participating in the identity verification process.
Civic was co-founded in 2015 by V. Lingham and J. Smith. Vinny Linghamn is Civic’s CEO and serial entrepreneur most recognized for his appearance on Shark Tank South Africa in 2016. Other than Civic, Vinny has co-founded other well-known firms such as popular investment firm, Newton Partners and Google Ventures-backed digital card platform, Gyft.
Jonathan Smith is Civic’s CTO with more than 15 years of banking industry experience. Before his CTO role at Civic, Jonathan held a few managerial roles at a few firms such as HSH Nordbank and Deloitte MCS Limited. He was also the global head of Platforms at Genpact Headstrong Capital Markets. Another renowned name on the Civic crypto team includes Chris Hart who has over two decades of experience in finance. Currently, there are over 38 employees at Civic, with a majority of them being based in the San Francisco Bay Area.
Civic offers two main products: the Civic wallet and the Health Key. The Civic Wallet is a mobile crypto app that stores the CVC token along with a number of other famous cryptos. The wallet app also acts as a digital identity verification platform, which profits from a $1 million Coincover Bitcoin insurance plan. The app makes it easy for any user to verify their identity with any service provider that utilizes the Civic platform while retaining control over their data.
For instance, through the use of the Civic platform, buyers can now verify their age when they purchase beer from a vending machine. Civic’s newest product is Health Key, which is an app that enables employers to verify the status of their employees to ensure that they are healthy enough to return to work. This is if they tested positive for COVID19 or if they have been recently vaccinated. Additionally, this is done without compromising the privacy of the employee as well.
While the Civic token performed well after launch, it did not do anything spectacular after. It’s only recently that the coin has gained massive popularity from a lot of investors in 2021. The Civic coin crypto price has grown over 200% in 2021 and by over 800% in 2020. Therefore, Civic’s price remains bullish and there’s potential for it to rise even more if it accomplishes many of the upgrades and advancements on its roadmap.
Everything considered Civic CVC coin offers a lot of features and benefits that competitor coins seem to be lacking. However, one thing remains for sure, if Civic crypto coin ever achieves global adoption, it will be unlike anything the global society has ever seen before. However, ultimately, whether CVC Civic coin is a good investment or not, depends on you. You are the one to make the choice whether to invest in it or not.
Wondering where you can get Civic cryptocurrency? Don’t worry, you are in luck. Swapzone is one of the best Civic cryptocurrency exchanges in the market. Swapzone gives you a list of other Civic token exchange platforms along with their different exchange rates. In case you are wondering on how to conduct a CVC coin exchange, then here is a step-by-step procedure:
An exchange rate is the rate at which one cryptocurrency can be exchanged for another through a certain crypto exchange provider. Cryptocurrency exchange rates on Swapzone reflect current prices of crypto assets and are updated every 30 seconds for you to keep track of any market changes and fluctuations to profit when buying the dip or going with the best exchange rate and the lowest exchange fees. All cryptocurrency exchange providers have their own rates, which depends on supply and demand, mining rewards, costs and so on. See what else might affect the rate in our article on prices.
There are two types of exchange rates aggregated by Swapzone – fixed rates and floating rates. To receive the exact amount of crypto that is displayed at the beginning of the exchange and shield yourself against the market's volatility, opt for fixed-rate offers. If you're ready to take a risk and receive less or more than the sum displayed, go with floating-rate offers but bear in mind that floating rates may drastically change any second. You can refresh your memory on how to get the best exchange rate here.
Crypto transaction fees may vary depending on the network (Ethereum transaction fees tend to spike during the congestion on the network), your chosen cryptocurrency, an instant exchange provider as well as its transaction processing speed and internal policy. These fees may be relatively low but it’s crucial to know they may be imposed in the first place.
If you want to exchange cryptocurrency with the lowest fees, beware of the offers with a grey-colored “Transaction fees are not included” label displayed under the exchange rate. To avoid having to pay an unexpected amount of fees during the exchange, opt for those that do not have that label. Read our articles to learn more about how to exchange cryptocurrency with the lowest fees and find out which assets have the lowest transaction fees.
Transactions usually take from 5 to 30 minutes to be processed, especially if you choose currencies with speedy networks. However, there are several factors that may affect and slow down the exchange process, i.e. transaction volume, blockchain capacity, network updates, cryptocurrency itself and the capacity or chosen exchange platforms.
The processing may take longer due to the large transaction volume, congestion of the network, blockchain overload and market overload, technical issues or system failures, lack of liquidity or network maintenance.
The transaction may be also stuck if you forget to add a required Extra ID, mistake networks or use the wrong wallet for a chosen crypto asset. If you worry that the exchange processing is taking too long, please, contact us at [email protected] or via our live chat on the landing page.
To exchange, buy, sell or trade cryptocurrency and store your crypto keys safely and securely, you need a crypto wallet. Choosing the best cryptocurrency wallet is a question of preference and need. To learn more, read our guide on how to choose the best cryptocurrency wallet for your needs.
There are several types of wallets for different crypto assets and tasks. Software wallets, or hot storage wallets, are connected to the Internet and come in many forms: Web, Desktop, Mobile or Browser Extensions. If you want to build a large crypto portfolio, you might want to look at multi currency wallets like Exodus, MetaMask, TrustWallet, Atomic or Guarda. If a coin or a token of your choice isn’t available there, you can always opt for a single-currency wallet that is usually designed by the project that launched the asset.
If you take safety and security matters seriously, go for hardware wallets, or cold storage wallets, like Ledger or Trezor, or even paper wallets. We strongly recommend you to do your research before creating a wallet: read the reviews to see what the community thinks, learn about the fees a particular wallet imposes for performing transactions, check out supported currencies and networks and see its security policy.
There are loads of different crypto exchange services, with new platforms emerging every month. Exchange providers differ by supported currencies, liquidity providers, fees, customer support, user interface, level of privacy and anonymity and customer support, which makes it hard for beginners to understand which one to choose. To learn more about what these exchanges offer and how you can assess them, read our guide on how to choose the best exchange platform.
To navigate them through the field full of services, we conduct research and thorough analysis of the market & list both prominent and promising exchange providers, keeping in touch with their teams 24/7. We give you all the necessary data on the offers they provide as well as their brief history, KYC/AML policies, reliability and advantages, while also indicating their downsides so that you don’t have to do that yourself.
Swapzone is an instant non-custodial cryptocurrency exchange aggregator that helps users make an informed choice when exchanging crypto assets. To make this possible, we gather the information on the exchange providers, select the parameters for comparison, aggregate and sort available deals & give an option to make a swap through providers' APIs in the same interface with a common user flow for every exchange. Still have doubts? Here's 9 reasons why you should use Swapzone to exchange crypto.
Learn how to exchange cryptocurrency with the lowest fees or zero fees as well as how to find the best crypto exchange rates and choose the safest cryptocurrency exchange provider.