How to Buy Civic (CVC) in Australia

1. Choose a crypto exchange

First things first, you need an exchange that both has Civic, and is trustworthy!

You can find our top 3 exchanges for buying Civic here, alternatively you can also check our comparison of the best Australian crypto exchanges if you’re generally interested in seeing which exchanges work for Australians.

2. Sign up with the crypto exchange

Once you’ve chosen your crypto exchange, it’s just a matter of signing up and getting your account verified. Most exchanges have streamlined this process very well so it shouldn’t take long.

3. Fund your account

The next step is to transfer AUD or another cryptocurrency into your account. Most top crypto exchanges offer various payment methods. From bank transfer to PayID, POLi pay and credit cards, it’s very straightforward.

4. Buy Civic

And of course, the final step is to find Civic on the exchange and buy it. A lot of exchanges offer different ways of buying cryptocurrencies, like market orders and limit orders.

Where to Buy Civic (CVC)

ExchangeRatingAvailable CryptocurrenciesFeesVisit Site
Swyftx Logo5/5350+0.6%VISIT SITE
Binance Logo4.5/5300+0.1%VISIT SITE
Digital Surge Logo4/5200+VariesVISIT SITE

How to Sell Civic

  1. Sign into the exchange
  2. Find where you stored your Civic, either on a hardware wallet or on the exchange.
  3. Transfer your Civic to the right place on the exchange, it could just be the same wallet or a dedicated trading account.
  4. Sell Civic.
Businessman looking at crypto trend

Considerations when looking to buy Civic.

Civic, a blockchain-based identity management system, gives individuals and businesses all the tools they need for controlling and protecting their personal identity information.

This platform will change how we think about identity verification. It gives users more control over personal data and allows them to access many services without having to pay for excessive personal information.

Civic's identity verification technology uses distributed ledger technology in order to authorize identity use in real-time. After authorization by the user, it is used to sparingly disclose information to Civic partners.

Civic users can store all of their sensitive data on mobile devices, unlike other identity management services. The Civic app allows users to authorize sharing of certain personal data by providing a biometric sign.

Civic token (CVC) is a unique utility token that allows for the settlement and management of identity-related transactions among Civic participants. This includes between customers and service providers.

CVC tokens can be earned by users for performing a variety tasks such as signing up to a service or introducing new users. Validators can also earn CVC tokens for validating documents that service providers provide.

Civic was launched in 2018 after a successful initial coin offering (ICO).

Civic was designed to allow users to quickly verify their identity with service providers while maintaining full control over their personal data.

It makes it possible for businesses to quickly onboard users using its AI-powered authentication system. This, combined with human review, helps businesses reduce fraud and comply with AML regulations as well as OFAC rules.

Civic currently offers two products, the Civic wallet (December 2020) and the Health Key (December 2020).

The Civic wallet, a mobile cryptocurrency wallet, can store a few popular cryptocurrencies such as Bitcoin (BTC), Ethereum(ETH) and USD Coin (USDC). It doubles as a digital identity management tool and offers Coincover a $1 million Bitcoin insurance policy.

Civic's latest product is Health Key. This app allows employers to secure verify employees' health status to make sure they are able to return to work after being infected with COVID19. This can be done without the employee's knowledge.