Internet Computer (ICP) is a revolutionary Blockchain network that aims to enhance computing, data storage, and Web3 services. This article provides insights into two commonly asked questions: What is Internet Computer (ICP) and how to purchase Internet Computer (ICP) with TRY.
Table of Contents:
1. What is Internet Computer (ICP)?
2. How to Buy Internet Computer (ICP) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy ICP Coin with TL on Binance TR?
7. What is Binance TR?
What is Internet Computer (ICP)?
Internet Computer is a groundbreaking Blockchain network that revolutionizes traditional internet infrastructure by offering enhanced efficiency, speed, and decentralization in computing and data storage. It operates on a decentralized network of specialized hardware set up by independent parties, enabling users to easily create decentralized applications (dApps). To stay updated with the latest financial and business news, visit COINTURK FINANCE.
Internet Computer offers several distinctive features that set it apart from other Blockchain networks:
1. Decentralized Application (dApp) Development: Internet Computer provides a user-friendly interface that simplifies the creation of decentralized applications on the Blockchain platform, promoting the widespread adoption of Web3 services.
2. Decentralized Network Infrastructure: Unlike centralized cloud computing services, Internet Computer operates on a decentralized network with specialized hardware established by independent node providers worldwide. This decentralized architecture enhances security, reliability, and resistance to censorship.
3. Fast Transactions: Internet Computer executes Blockchain transactions rapidly, ensuring smooth user experiences and efficient data processing. This sets it apart from other cryptocurrency projects where transactions can take 30 minutes or longer to complete.
Internet Computer serves as a powerful enabler of Web3 platforms, empowering developers to build decentralized social networks, financial services, and other Web3 applications. By leveraging the Internet Computer Blockchain, developers can address privacy concerns inherent in traditional social networks and empower users to have control over their data and digital identities.
Internet Computer aims to function as a “world computer” capable of hosting even the most demanding Web3 services without relying on traditional IT infrastructure like cloud computing services and web servers. Developers create services using smart contract software called “canisters,” which seamlessly interact with the web and other Blockchains.
The primary network asset of Internet Computer is ICP, which serves multiple purposes within the ecosystem. ICP coins facilitate network governance, reward computing nodes, and incentivize participants for their involvement in the ecosystem. Users can stake ICP coins in the Network Nervous System (NNS) DAO to create voting neurons and participate in governance decisions.
Internet Computer operates on a sovereign network of specialized “node machines” connected through its protocol. These node machines form the Internet Computer Blockchain, acting as a public World Computer capable of hosting decentralized applications. The Blockchain incorporates chain key cryptography, subnet Blockchains, and canister smart contracts to ensure security, scalability, and interoperability.
How to Buy Internet Computer (ICP) with TRY?
Binance TR is the ideal cryptocurrency exchange for Turkish investors looking to purchase Internet Computer (ICP). Binance TR allows for quick account creation and offers over 100 cryptocurrencies, including ICP, for buying and selling. To buy Internet Computer (ICP) with TRY on Binance TR, follow the steps below.
How to Open 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. In the initial account creation step, provide essential information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
After entering the required information accurately, a verification process via email/SMS will be conducted to confirm the information. Upon completion, proceed to the second step, identity verification (KYC).
How to Verify an 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 safeguards both the user and the cryptocurrency exchange. You can perform the verification process either through your phone or the official Binance TR website. Note that a mobile phone is required for identity verification on the website.
On the Binance TR website, hover over the “Profile” option at the top right, select the “Identity Verification and Limits” option from the drop-down menu, and click on “Verify.” Following this step, scan the QR code that appears using your mobile phone camera and continue the process on your mobile phone. If you cannot scan the QR code, click on “Copy URL” to receive the identity verification address via SMS on your mobile phone.
Upon entering the address on your mobile phone or scanning the QR code, a screen similar to the one below will appear. Tap on the “Identity” option to proceed.
Next, a screen like the one below will be displayed. To continue the verification process, select the document type that best suits you.
After selecting the document type, tap on “Upload Front” to take a photo of the front side of the document according to the selected document type. Then, tap on “Upload Back” to capture a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photo is easily readable when photographing both sides of your ID card or driver’s license.
Proceed by tapping on the “Selfie” option. Your mobile phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
Once you have accurately and completely followed these steps, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. Deposits can be made 24/7 from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans, allowing uninterrupted transactions. 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, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on “Deposit” from the drop-down menu.
The following page will open, and you can 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 continue with Vakıfbank, but the process is the same for all other banks. Clicking on the Vakıfbank option will display an account name and IBAN address for making a transfer, EFT, or FAST. Use the provided information on the bank’s page to transfer the desired amount into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ICP Coin with TL on Binance TR?
After completing the deposit process, you can proceed to buy ICP coin 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. In the search section on the right side of the page, type “ICP” and click on the ICP/TRY option from the results to access the ICP purchase page with TL.
The ICP trading page will open, as shown below. In the area marked with a red box, enter the desired price at which you want to buy ICP in the first box and the number of ICP you wish to purchase in the second box. After entering the required information, complete your purchase by clicking the “Buy ICP” button.
What is Binance TR?
Binance, the largest cryptocurrency exchange globally in terms of trading volume, launched its platform Binance TR specifically for Turkish cryptocurrency investors in 2020. Headquartered in Istanbul, Binance TR can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure, offering both fiat-to-crypto and crypto-to-crypto trading services. Turkish users can easily deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Through Binance TR, users have access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions.
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Disclaimer:
The information provided in this article should not be considered as investment advice. Investors must be aware that cryptocurrencies carry high volatility and associated risks and should conduct their own research.
