Dogwifhat (WIF) emerged on the Solana Blockchain in 2023, drawing inspiration from the popular Shiba Inu dog meme. It quickly gained traction as a memecoin and garnered attention from the community. Despite its anonymous developers, Dogwifhat stood out with its unique initiatives. With a total supply of 998.9 million WIF, the cryptocurrency currently holds no special advantages and is primarily traded for speculative purposes. In this article, we will address two common inquiries: What is Dogwifhat (WIF) and how can one purchase it using TRY.
Table of Contents
1. What is Dogwifhat (WIF)?
2. How to Purchase Dogwifhat (WIF) with TRY?
3. How to Create an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit Turkish Lira (TL) on Binance TR?
6. How to Buy WIF Coin with TL on Binance TR?
7. What is Binance TR?
What is Dogwifhat (WIF)?
Similar to successful cryptocurrencies like Dogecoin (DOGE) and Shiba Inu (SHIB), Dogwifhat is a memecoin inspired by the Shiba Inu dog meme. It was launched on the Solana Blockchain in late 2023 and rapidly gained popularity, becoming one of the top memecoins. Despite its claim of being a simple “dog with a hat,” the project has achieved significant success due to an engaged and active community. For the latest financial and business news, visit COINTURK FINANCE.
The developers of Dogwifhat prefer to remain anonymous, adding an air of mystery to the project. The cryptocurrency’s symbol is a Shiba Inu puppy named Achi, wearing a pink beanie hat, highlighting the project’s quirky nature. Since its launch, Dogwifhat has attracted investors’ attention and experienced a swift rise in value after being listed on major exchanges. In March 2024, it surpassed Pepe (PEPE) to become the third-largest memecoin in terms of market value.
The Dogwifhat community showcases its enthusiasm and activity through various initiatives. In March 2024, they raised over $700,000 in USDC through crowdfunding to promote Dogwifhat at the Las Vegas Sphere in a campaign known as “Sphere Wif Hat.” Additionally, an NFT featuring Achi’s original image was sold for over 1,210 ETH, demonstrating the community’s dedication and support. Pink beanie hats are sold in a Dogwifhat store run by community members, with proceeds donated to a charity for street dogs.
Dogwifhat operates on a simple tokenomics model, with a maximum supply of 998.9 million WIF coins. It functions as an SPL token on Solana, similar to Ethereum’s ERC-20 tokens. There are no mechanisms such as staking or burning that affect the cryptocurrency’s supply. Community initiatives are independently supported through crowdfunding, allowing participation without the need to own WIF coins.
Currently, WIF does not offer any special advantages and is primarily traded for speculative purposes. Its price is highly volatile, presenting opportunities for significant gains but also carrying high risks.
How to Purchase Dogwifhat (WIF) with TRY?
For Turkish investors looking to buy Dogwifhat (WIF), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows for the quick creation of an account and offers over 100 cryptocurrencies, including WIF, for buying and selling. To purchase Dogwifhat (WIF) with TRY on Binance TR, follow the steps below.
How to Create an Account on Binance TR?
Creating an account on Binance TR is a straightforward process. Visit the trbinance.com website and proceed to the “Create Account” section. In the initial step, you will be required to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
After accurately filling in the requested information, you will undergo email/SMS verification to confirm your details. Once this process is complete, you will move on to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before engaging in cryptocurrency trading and during account creation. This process ensures the safety of both the user and the cryptocurrency exchange. Identity verification can be conducted via your mobile phone or through the official Binance TR website. Keep in mind that you will need your mobile phone for identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” in the drop-down menu, and select “Verify.” You will then need to scan the QR code displayed using your phone’s camera to continue the process on your phone. If you are unable to scan the QR code, click on “Copy URL” to send the identity verification address to your phone via SMS.
After entering the address on your phone or scanning the QR code, a screen similar to the one below will appear. Tap on the “Identity” option to proceed.
The subsequent screen will prompt you to select the document type that suits you best in order to continue the verification process.
Once you have chosen the document type, tap on “Upload Front” to proceed. Take a clear photo of the front side of the document based on the selected document type, then tap on “Upload Back” to capture and upload a photo of the back side. Ensure that the images of your identity card or driver’s license are clear, with easily readable information.
Next, tap on the “Selfie” option. Your phone’s front camera will activate, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have accurately completed all these steps, your identity verification process will be finalized shortly.
How to Deposit Turkish Lira (TL) on Binance TR?
You can easily deposit Turkish Lira (TL) into your Binance TR account from various banks. You can deposit TL 24/7 and carry out uninterrupted transactions from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 using FAST. Deposits exceeding 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, visit the trbinance.com website, hover over the “Wallet” option at the top left of the homepage, and select “Deposit” from the drop-down menu.
The following page will be displayed, allowing you to continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, click on the “Other Banks” option.
In this example, we will use Vakıfbank, but the process is the same for all other banks. Upon selecting Vakıfbank, you will see an account name and IBAN address to which you can make a transfer, EFT, or FAST. Use the information provided on the bank’s page to transfer the desired amount to your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet within your Binance TR account.
How to Buy WIF Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase WIF coins with TL by selecting the “Buy-Sell” option in the top left menu on the Binance TR website.
Upon clicking this option, the following page will appear. On the right side of the page, in the search section, type “WIF” and select the WIF/TRY option from the results to access the WIF purchase page with TL.
You will then be directed to the WIF trading page shown below. In the red box area, enter the desired purchase price for WIF in the first box and the quantity of WIF you wish to buy in the second box. Once you have entered the necessary information, click the “Buy WIF” button to complete your purchase.
What is Binance TR?
Binance TR, officially launched in 2020, is a cryptocurrency exchange specifically designed for Turkish investors by Binance, the largest cryptocurrency exchange in the world in terms of trading volume. The exchange is headquartered in Istanbul and can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. It offers both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY pairs on Binance TR.
Users benefit from Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is recommended to conduct thorough research before making any investment decisions.
