Enjin Coin (ENJ) is a revolutionary protocol designed to create and manage virtual goods using Blockchain technology on the Ethereum platform. This comprehensive guide aims to address two common queries: What exactly is Enjin Coin (ENJ) and how can one purchase Enjin Coin (ENJ) using Turkish Lira (TRY).
Enjin Coin (ENJ) Overview
Enjin Coin is a cutting-edge protocol with the goal of facilitating the creation and administration of virtual assets through Blockchain technology on the Ethereum platform. By offering developers the necessary tools to seamlessly generate and incorporate digital assets, Enjin Coin tackles persistent issues such as high fees and fraud in the transfer of in-game items and collectibles.
Enjin Coin provides software development kits (SDKs) that empower developers to produce and manage digital assets on the Ethereum Blockchain. These SDKs enable developers to mint customizable assets and register them on smart contracts, taking advantage of the benefits of cryptocurrency such as speed, cost-efficiency, and security.
At the core of the ecosystem lies the ENJ coin, the primary network asset. Each in-game item created on the Enjin Coin platform is assigned a value in ENJ coin, establishing a unified currency for transactions within the gaming environment.
Enjin Coin’s primary function is to enable users to oversee and store virtual goods for games, ranging from in-game currencies to tokens representing unique game items. Through a streamlined process, Enjin Coin facilitates the creation, exchange, and destruction of these items.
Enjin Coin offers a proprietary smart wallet that acts as a central hub for users to store and trade their digital assets. This wallet allows users to assess their inventory across multiple games, engage in transactions with other users, and sell their digital products for ENJ coin, enhancing accessibility and liquidity within the Enjin Coin ecosystem.
How to Purchase Enjin Coin (ENJ) with TRY?
For investors in Turkey seeking to acquire Enjin Coin (ENJ), Binance TR serves as the most suitable cryptocurrency exchange. Binance TR provides a user-friendly platform where you can swiftly set up an account and engage in trading over 100 cryptocurrencies, including ENJ. Follow the steps below to purchase Enjin Coin (ENJ) with TRY on Binance TR.
Creating an Account on Binance TR
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed with the “Create Account” step. During the initial account creation phase, you will be prompted to enter essential information such as email address, phone number, name, date of birth, nationality, and T.C. identity number.
Upon entering the required information accurately, an email/SMS verification will be conducted to validate the details. Following the completion of this step, you will advance to the second stage, identity verification (KYC).
Verifying an Account on Binance TR
Identity verification on Binance TR is a crucial security measure that must be completed before commencing cryptocurrency trading and during account creation. This process is vital to safeguard both the user and the cryptocurrency exchange. You can opt to finalize the verification procedure using your phone or the official Binance TR website. Note that you will need your mobile device to verify your identity via the website.
On the Binance TR website, hover over the “Profile” tab at the top right corner, select “Identity Verification and Limits” from the drop-down menu, and then click on “Verify”. Subsequently, you will be required to scan the QR code displayed using your phone’s camera and continue the process on your mobile device. If you encounter difficulties scanning the QR code, click on the “Copy URL” option to send the identity verification link to your phone via SMS.
Upon entering the link on your phone or scanning the QR code, a screen resembling the one below will appear on your device. From here, tap on the “Identity” option to proceed.
A screen similar to the one below will appear. To continue the verification process, first select the document type that suits your situation.
After selecting the document type, proceed by tapping on “Upload front side”. Capture a photo of the front side of the document based on the document type selected, then tap on “Upload back side” to photograph the back side of the document and upload it. Ensure that the images are clear and the information is legible when capturing photos of the front and back sides of your ID card or driver’s license.
Next, proceed by tapping on “Selfie”. Your phone’s front camera will activate, prompting you to scan your face. Ensure that your face fills the camera frame as much as possible.
Upon accurately completing all these steps, your identity verification process will be finalized promptly.
Depositing TL on Binance TR
You can effortlessly deposit TL into your Binance TR account from all major banks. You can deposit and trade TL 24/7 using accounts from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans without any interruptions. 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 funds into your Binance TR account, navigate to trbinance.com, hover over the “Wallet” tab at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
A page similar to the one below will appear, allowing you to initiate the deposit process by selecting your preferred bank. If your chosen bank has not yet been integrated with Binance TR, proceed by clicking on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process remains consistent across all other banks. By selecting the Vakıfbank option, you will be presented with an account name and IBAN address for making transfers, EFTs, or FAST payments to that bank. Simply transfer the desired amount into your Binance TR account using the details provided on the bank’s page.
Following the completion of the transfer process by your bank, the funds sent will automatically reflect in your Binance TR account wallet.
Purchasing ENJ Coin with TL on Binance TR
After completing the deposit process, proceed to the purchase of ENJ coin using TL by selecting the “Buy-Sell” option from the top left menu on the Binance TR website.
Upon selecting this option, you will be directed to a page where you can input “ENJ” in the search bar on the right side. Click on the ENJ/TRY option from the results to access the TL to ENJ purchase page.
A page similar to the one below will open. In the highlighted section, input the desired purchase price for ENJ in the first box and the quantity of ENJ you wish to buy in the second box. After entering the requisite information, finalize your purchase by clicking the “Buy ENJ” button.
What is Binance TR?
Binance, renowned as the world’s largest cryptocurrency exchange in terms of trading volume, officially introduced Binance TR for cryptocurrency investors in Turkey in 2020. Headquartered in Istanbul, this cryptocurrency exchange can be accessed at trbinance.com.
Binance TR delivers both fiat-to-crypto and crypto-to-crypto trading services by harnessing Binance’s technology, security measures, and liquidity facilitated through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and engage in trading various cryptocurrencies with TRY trading pairs via Binance TR.
Users are equipped with Binance’s core functionalities, granting 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 is not intended as investment advice. Investors should be aware of the high volatility associated with cryptocurrencies, which entails risk. It is recommended for investors to conduct their own thorough research before making any investment decisions.
