Ethereum

World

Identity

Verify

Note

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-offers-flexibility-and-innovation-in-the-digital-world/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Offers Flexibility and Innovation in the Digital World</a> 
<a href="https://en.coin-turk.com/ethereums-rise-a-potential-breakthrough-to-10000/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum</a> (ETH) is one of the leading public Blockchain networks creating a revolution in the cryptocurrency sector. Ethereum (ETH) offers users unique flexibility and innovation in the digital world by providing smart contracts, decentralized applications (dApps), and a wide range of decentralized solutions. In this article, you can find answers to two frequently asked questions: What is Ethereum (ETH), and how to buy Ethereum (ETH) with TRY.
<h2 style="text-align: justify" id="strong-what-is-ethereum-eth-strong">What is Ethereum (ETH)?</h2>
Ethereum is a decentralized platform that allows developers to create and deploy smart contracts and dApps. Unlike Bitcoin, which primarily serves as a cryptocurrency, Ethereum’s Blockchain provides a robust framework for executing programmable contracts and creating various dApps. At its core, Ethereum allows users to interact directly with each other through smart contracts without the need for intermediaries.
The Ethereum network consists of several key components, including the Ethereum Blockchain, nodes, and the Ethereum Virtual Machine (EVM). While the Blockchain stores transaction and smart contract data, nodes verify and maintain the integrity of the network. The EVM runs smart contracts written in programming languages like Solidity, ensuring the seamless operation of complex features and dApps on the Ethereum network.
Ether (ETH) coin is the main asset of Ethereum and serves multiple purposes within the Ethereum ecosystem. Firstly, ETH coin is used to pay transaction fees known as gas fees when interacting with smart contracts and dApps on the Ethereum Blockchain. ETH coin also has intrinsic value as a decentralized, pseudonymous, and censorship-resistant cryptocurrency, making it an attractive asset for both <a href="https://finance.coin-turk.com/" data-wpel-link="exclude" rel="noopener noreferrer nofollow">investors</a> and users.
With Ethereum, users can create a wide range of interoperable utility tokens and decentralized applications, including those in the emerging decentralized finance (DeFi) sector. Smart contracts power innovative applications that provide services without intermediaries, offering transparency, efficiency, and security. Moreover, Ethereum facilitates the creation and trading of NFTs, digital assets representing ownership of unique items such as artworks, music, and collectibles.
<h2 style="text-align: justify" id="strong-how-to-buy-ethereum-eth-with-try-strong">How to Buy Ethereum (ETH) with TRY?</h2>
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Ethereum (ETH). More than 100 cryptocurrencies, including ETH, can be bought and sold on Binance TR, where an account can be created quickly. Follow these steps to buy Ethereum (ETH) with TRY on Binance TR.
<h3 style="text-align: justify" id="strong-how-to-open-an-account-on-binance-tr-strong">How to Open an Account on Binance TR?</h3>
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-335080" src="https://coin-turk.com/wp-content/uploads/2024/03/Binance-TR-Hesap-Nasil-Acilir.png" alt="" width="3360" height="1838">
After entering the requested information completely and correctly, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
<h3 style="text-align: justify" id="strong-how-to-verify-an-account-on-binance-tr-strong">How to Verify an Account on Binance TR?</h3>
Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official website of Binance TR, according to your preference. Note that you will need your mobile phone to verify your identity on the website.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336960" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Kimlik-Dorgulama-KYC.png" alt="" width="3360" height="1890">
On the Binance TR website, hover over the “Profile” option at the top right, click the “Identity Verification and Limits” option from the drop-down menu, and then click “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, you can click the “Copy URL” option to send the identity verification address to your phone via SMS.
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter size-full wp-image-336950" src="https://coin-turk.com/wp-content/uploads/2024/04/BTC-TR-Kimlik-Dogrulama-QR-Kod.png" alt="" width="626" height="502">
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap the “Identity” option to continue.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336962" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Kimlik-Dorgulama-Belge-Tipi.png" alt="" width="623" height="365">
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you and continue.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336961" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Belge-Tipi.png" alt="" width="626" height="491">
After selecting the document type, tap the “Upload Front” option to continue. After taking a photo of the front side of the document according to the document type you selected, tap the “Upload Back” option and take a photo of the back side of the document and upload it. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
Then tap the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps correctly and completely, your identity verification process will be completed in a short time.
<h3 style="text-align: justify" id="strong-how-to-deposit-tl-on-binance-tr-strong">How to Deposit TL on Binance TR?</h3>
You can easily deposit TL into your Binance TR account from all banks. You can deposit TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and make uninterrupted transactions. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the main page and click the “Deposit” option from the drop-down menu.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336964" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Para-Yatirma.png" alt="" width="3360" height="1892">
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank does not yet have Binance TR integration, you should click the “Other Banks” option to continue.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336976" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Bankalar.png" alt="" width="3360" height="1388">
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now all you need to do is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336977" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-Turk-Lirasi-Yatirma.png" alt="" width="3360" height="1888">
After your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet in your Binance TR account.
<h3 style="text-align: justify" id="strong-how-to-buy-eth-coin-on-binance-tr-with-tl-strong">How to Buy ETH Coin on Binance TR with TL?</h3>
After the deposit process, you can proceed to the TL to ETH coin purchase step by clicking the “Buy-Sell” option in the top left menu on the Binance TR website.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-336990" src="https://coin-turk.com/wp-content/uploads/2024/04/Binance-TR-LINK-Al-Sat.png" alt="" width="3360" height="1892">
After clicking this option, the page below will open. By typing “ETH” in the search section on the right side of this page and clicking the ETH/TRY option from the results, you can go to the TL to ETH purchase page.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-344589" src="https://coin-turk.com/wp-content/uploads/2024/04/Turk-lirasi-ile-Ethereum.png" alt="" width="3360" height="1888">
Now the ETH purchase page below will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy ETH in the first box and the number of ETH you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ETH” button.
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-344590" src="https://coin-turk.com/wp-content/uploads/2024/04/Turk-lirasi-ile-ETH.png" alt="" width="3360" height="1888">
<h2 style="text-align: justify" id="strong-what-is-binance-tr-strong">What is Binance TR?</h2>
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) via direct bank channels and trade various cryptocurrencies with TRY trading pairs through Binance TR.
Users are supported by Binance’s core functionalities with Binance TR, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener noreferrer nofollow" data-wpel-link="exclude">security protocols</a>, custody solutions, and risk controls.
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/ethereum-offers-flexibility-and-innovation-in-the-digital-world/" data-wpel-link="internal" rel="noopener noreferrer nofollow">Ethereum Offers Flexibility and Innovation in the Digital World</a></h5>

Ethereum Offers Flexibility and Innovation in the Digital World

Table of Contents

COINTURK NEWS

Other articles published on Jun 5, 2024

Bonk Price Prediction: An In-Depth Analysis for 2024 and Beyond

Australian Spot Bitcoin ETF Stands Out Unique Features

Investors Are Dumping Chainlink and Dogeverse To Accumulate MoonBag as It Ranks Best Crypto Presa...

Who Really Controls Ethereum? New Research Sheds Light

Bitcoin (BTC) Tests $71,380, Ethereum (ETH) Eyes $4.8k, and Furrever Token (FURR) Offers 25% Bonus

London Tribunal Reviews Bitcoin SV Delisting Case

Join our free newsletter for daily crypto updates!