USD to CVC: Convert United States Dollar to Civic instantly

You can buy Civic (CVC) with USD on various cryptocurrency exchanges. The process typically involves creating an account, completing identity verification (KYC), and depositing USD via bank transfer (ACH/wire), debit card, or credit card. Once your account is funded, you can navigate to the CVC/USD trading pair and place a buy order.

The primary use case for CVC is to facilitate identity verification services on the Civic platform. Service providers pay in CVC to verify user credentials, and users can earn CVC for sharing their data securely. It functions as the utility token within the ecosystem, enabling access to reusable KYC, age verification, and bot prevention services.

Like any digital asset, holding Civic (CVC) involves risks, including market volatility. However, the project's security is rooted in blockchain technology. To secure your CVC, use a reputable hardware wallet or a secure software wallet like the Civic Wallet. Always enable two-factor authentication (2FA) on exchanges and practice strong password hygiene.

To sell Civic (CVC) for USD, you need to transfer your CVC tokens to an exchange that supports a CVC/USD or CVC/stablecoin trading pair. Place a sell order on the market. Once the order is filled, the resulting USD or stablecoin balance can be withdrawn to your linked bank account, subject to the exchange's withdrawal policies and fees.

Civic Pass is a non-transferable token (NFT) that acts as a form of digital identity, verifying information like age or KYC status without revealing personal data. It's a key product in the Civic ecosystem. While CVC is the utility token for payments, Civic Pass is the on-chain representation of a verified identity, enabling access to dApps and services.

Civic (CVC) originally launched as an ERC-20 token on the Ethereum blockchain. However, to leverage higher speeds and lower transaction costs, it has expanded and now primarily operates on the Solana blockchain as an SPL token. This migration supports the high-throughput needs of its identity verification services.

In the United States, cryptocurrencies like Civic (CVC) are subject to regulations from agencies like the SEC, FinCEN, and IRS. When you buy, sell, or exchange CVC, you must use a compliant exchange that adheres to KYC and AML laws. Profits from trading CVC are considered capital gains and are subject to taxation.

Traditional KYC requires users to submit personal documents to every new service, creating multiple data silos vulnerable to breaches. Civic's decentralized model allows users to verify their identity once and store it securely in their Civic Wallet. They can then reuse this verification across multiple platforms without repeatedly sharing sensitive documents, giving them control over their data.