Decentraland (MANA) is an innovative virtual world that operates on the Ethereum Blockchain. This article aims to answer two commonly asked questions: What is Decentraland (MANA) and how can one purchase it using Turkish Lira (TRY).
Contents
1. What is Decentraland (MANA)?
2. How to Buy Decentraland (MANA) 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 MANA Coin with TL on Binance TR?
7. What is Binance TR?
Decentraland (MANA) is a decentralized virtual world that operates on the Ethereum Blockchain. Users can buy, sell, and interact with digital real estate and virtual goods within this platform. It offers a variety of opportunities for exploration, gaming, social interaction, and creative expression. By encouraging global user participation, Decentraland creates a shared virtual ecosystem. Stay updated on the latest technology news by visiting NEWSLINKER.
Decentraland has two main network assets: LAND and MANA coins. LAND coins are non-fungible tokens (NFTs) that represent ownership of digital real estate parcels within the virtual world. MANA coins, on the other hand, are cryptocurrencies that can be used to purchase virtual goods and services within Decentraland’s ecosystem, alongside LAND coins.
Decentraland utilizes Ethereum’s Blockchain to track ownership of digital land parcels, ensuring transparency and security. To participate in Decentraland’s ecosystem, users must hold MANA coins in an Ethereum wallet. These coins can be used for various activities, such as buying, selling, and interacting within the virtual world.
The architecture of Decentraland consists of layered components built on Ethereum smart contracts. The consensus layer maintains a ledger that tracks land parcel ownership, while the content layer controls the visual and interactive elements on each parcel. Additionally, the real-time layer facilitates social interactions between users, including voice chat and messaging.
Decentraland provides a marketplace where users can manage and trade LAND coins, which are priced in MANA. Owners can engage in transactions involving parcels and other in-game items like wearables and unique names through Ethereum wallets, ensuring security and transparency. Decentraland also offers builder tools that allow users to create interactive scenes within LAND parcels using drag-and-drop editors and customization libraries.
Beyond the gaming environment, Decentraland fosters a vibrant virtual community by offering innovative features such as peer-to-peer interactions, voice chat, and messaging. Its open and decentralized structure encourages creativity and experimentation, enabling developers to push the boundaries of what is possible within the virtual world.
Now, let’s move on to the next question: How to Buy Decentraland (MANA) with TRY?
For investors in Turkey who want to purchase Decentraland (MANA), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows users to quickly create an account and trade over 100 cryptocurrencies, including MANA. To buy Decentraland (MANA) with TRY on Binance TR, follow the steps below.
To open an account on Binance TR, simply visit trbinance.com and proceed with the “Create Account” step. You will be asked to provide basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the required information accurately, you will undergo an email or SMS verification process to confirm and verify your details. Once this process is completed, you will proceed to the next step, which is identity verification (KYC).
Identity verification is an essential security procedure that must be completed before engaging in cryptocurrency trading and during account creation. You can perform this process either through your phone or Binance TR’s official website. If you choose to verify your identity through the website, make sure to have your mobile phone ready.
On the Binance TR website, hover over the “Profile” option located at the top right corner. From the drop-down menu, click on “Identity Verification and Limits,” and then select “Verify.” You will need to scan the QR code using your mobile 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 mobile phone.
Once you enter the address or scan the QR code on your mobile phone, a screen will appear prompting you to tap on the “Identity” option. Select the appropriate document type and continue the verification process.
After selecting the document type, tap on the “Upload front side” option to take a photo of the front side of your ID card or driver’s license. Then, tap on the “Upload back side” option to take a photo of the back side of the document. Ensure that the images are clear and that the information is easily readable.
Next, tap 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 completed all the steps accurately, your identity verification process will be finalized shortly.
Now, let’s move on to depositing 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 accounts. Deposits from other banks can be made 24/7 up to 50,000 TL using 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 and hover over the “Wallet” option at the top left of the main page. From the drop-down menu, click on “Deposit.”
A page will appear displaying various banks. Select your preferred bank from the list. If your bank is not integrated with Binance TR, click on the “Other Banks” option.
For example, let’s continue with Vakıfbank. Clicking on Vakıfbank will display an account name and IBAN address where you can make transfers, EFT, or FAST payments. Use this information to transfer the desired amount of TL into your Binance TR account.
Once your bank completes the transfer process, the funds will be automatically reflected in your Binance TR wallet.
Finally, let’s discuss how to buy MANA Coin with TL on Binance TR.
After completing the deposit process, you can proceed to purchase MANA coins with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
On the resulting page, type “MANA” in the search section on the right side. Click on the MANA/TRY option from the search results to access the MANA trading page.
On this page, enter the desired price at which you want to buy MANA in the first box, and enter the number of MANA coins you wish to purchase in the second box. Once you have entered the required information, click on the “Buy MANA” button to complete the purchase.
Lastly, let’s provide an overview of Binance TR.
Binance TR is the official platform of Binance, the world’s largest cryptocurrency exchange by trading volume. Launched in 2020, Binance TR caters specifically to cryptocurrency investors in Turkey. It is headquartered in Istanbul and can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity through the Binance Cloud infrastructure. Users in Turkey can conveniently deposit and withdraw Turkish Lira (TRY) directly through bank channels and trade various cryptocurrencies using TRY trading pairs on Binance TR.
Users on Binance TR have access to Binance’s core functions, including market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
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. Stay updated with our news on Telegram, Facebook, Twitter, and Coinmarketcap.
