Where does CVC stand for?

Typically, the CVC can be found on the back of the card, nestled within the signature strip. For most cards, including Visa, MasterCard, and various bank cards, the CVC comprises the last three digits of the number sequence printed there.

The Card Verification Code, commonly abbreviated as CVC or CVV, serves as an additional layer of security for debit and credit card transactions. This code is specifically designed to reduce the risk of fraud, ensuring that only the rightful cardholder is authorized to make purchases.

This unique code is not embossed like the other card numbers, making it difficult for unauthorized individuals to copy or replicate. Thus, it acts as a crucial verification tool, requiring both the card number and the CVC for successful online or phone-based transactions.

When shopping online or over the phone, merchants often request the CVC in addition to the card number, expiration date, and cardholder's name. This step ensures that the customer possesses the physical card and is not engaging in fraudulent activity.

BTCC, a prominent UK-based cryptocurrency exchange, also prioritizes security for its users. Along with offering a range of services such as spot and futures trading, BTCC provides a secure wallet solution. By incorporating robust security measures, including the requirement for CVC-like verification for sensitive transactions, BTCC ensures that its users' digital assets are well-protected.