Near Protocol (NEAR) is an innovative protocol that aims to incentivize a network of computers to operate a platform for developers to create and launch decentralized applications (dApps). The core concept of Near Protocol is sharding, which divides the network’s infrastructure to enhance efficiency and scalability. In this article, we will provide answers to two commonly asked questions: What is Near Protocol (NEAR), and how can you buy Near Protocol (NEAR) with TRY.
Table of Contents
1. What is Near Protocol (NEAR)?
2. How to Buy Near Protocol (NEAR) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy NEAR Coin with TL on Binance TR?
7. What is Binance TR?
Near Protocol is a revolutionary Blockchain-based protocol designed to facilitate the creation and deployment of dApps. Unlike traditional centralized data storage systems like Amazon Web Services (AWS), Near Protocol operates on a distributed computer network, providing greater decentralization and flexibility. The main asset of Near Protocol is NEAR coin, which powers the ecosystem and encourages participation in the network. For the latest financial and business news, visit COINTURK FINANCE.
Near Protocol utilizes a Proof of Stake (PoS) consensus mechanism and employs sharding, known as ‘Nightshade,’ to improve scalability. Sharding divides the Blockchain into segments, with each node responsible for processing a small portion of data. This approach increases transaction throughput and reduces fees while maintaining security.
Nightshade allows Near Protocol to maintain a single data chain while distributing the computational workload among network nodes. This enhances the platform’s power and scalability by minimizing potential bottlenecks and improving efficiency.
Near Protocol features the Rainbow Bridge application, which facilitates seamless token transfers between Ethereum and NEAR. Users can deposit their ETH into a smart contract that locks the funds and generates equivalent tokens on the Near Protocol platform. This bridge enables interoperability and enhances accessibility for users and developers.
Aurora is a Layer 2 scaling solution designed to host Ethereum dApps on the Near Protocol network. By leveraging the Ethereum Virtual Machine (EVM) coding technology, Aurora allows developers to deploy Ethereum smart contracts on NEAR while benefiting from low fees and high throughput.
Aurora offers developers the opportunity to utilize Ethereum’s existing ecosystem and application network while taking advantage of Near Protocol’s benefits like low fees and high throughput. The cross-chain bridge ensures seamless integration and interoperability between Ethereum and Near Protocol.
To buy Near Protocol (NEAR) with TRY, Binance TR is the most suitable cryptocurrency exchange for investors in Turkey. Binance TR allows you to buy and sell over 100 cryptocurrencies, including NEAR, with a fast account creation process. Follow the steps below to buy Near Protocol (NEAR) with TRY on Binance TR.
Opening an account on Binance TR is simple. Visit trbinance.com and proceed from the “Create Account” step. In the first step of account creation, provide basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information accurately and completely, an email/SMS verification will be conducted to confirm the information. Once this process is completed, you will proceed to the second step, identity verification (KYC).
Identity verification on Binance TR is a necessary security procedure that must be completed before engaging in cryptocurrency trading and during account creation. You can perform the verification process through your phone or Binance TR’s official website. Please note that you will need your mobile phone to verify your identity via the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then select “Verify.” You will then need to scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your phone.
Upon 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 continue the verification process.
Next, a screen like the one below will be displayed. To proceed with the verification process, select the document type that suits you.
After selecting the document type, tap on the “Upload Front Side” option to continue. Take a photo of the front side of your document based on the selected document type, and then tap on the “Upload Back Side” option to take 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 capturing photos of the front and back sides of your ID card or driver’s license.
Proceed by tapping on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Ensure that your face fills the camera area as much as possible once the camera is activated.
Once you have completed all these steps accurately, your identity verification process will be finalized shortly.
You can easily deposit TL into your Binance TR account through all banks. You can deposit TL 24/7 from banks such as Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans, and carry out transactions smoothly. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, visit trbinance.com, hover over the “Wallet” option in the top left corner of the homepage, and select the “Deposit” option from the drop-down menu.
A page similar to the one below will appear, and you can continue the deposit process by choosing your preferred bank. If your preferred bank is not yet integrated with Binance TR, click on the “Other Banks” option to proceed.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, an account name and IBAN address will be provided for you to make a transfer, EFT, or FAST to that bank. Use the information displayed 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, the funds you sent will be automatically reflected in your Binance TR account wallet.
After completing the deposit process, you can proceed to the TL to NEAR coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
Upon clicking this option, the following page will appear. On the right side of this page, enter “NEAR” in the search box and select the NEAR/TRY option from the results to access the TL to NEAR purchase page.
The NEAR purchase page below will open. In the red box area on this page, enter the desired price at which you want to buy NEAR in the first box, and the quantity of NEAR you wish to purchase in the second box. After entering the amount, click the “Buy NEAR” button to complete your purchase.
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, launched Binance TR specifically for cryptocurrency investors in Turkey in 2020. The Istanbul-based cryptocurrency exchange can be accessed at trbinance.com.
Binance TR utilizes Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish Lira (TRY) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
With Binance TR, users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.
For the latest news, you can follow us on Telegram, Facebook, Twitter, and Coinmarketcap.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks, and should conduct their own research.
