Create

Polkadot

when

Parallel

Note

You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/polkadot-enables-users-to-create-and-operate-their-own-blockchains-2/" data-wpel-link="internal">Polkadot Enables Users to Create and Operate Their Own Blockchains</a> 
Polkadot (DOT) is a blockchain platform that allows users to create and operate their own blockchains and combine these blockchains with the security of the main blockchain. Polkadot runs two types of blockchains, called the relay chain and parachains, allowing for private and efficient transactions and offering extensive customization options to its users. In this article, you can find answers to two frequently asked questions: what is Polkadot (DOT) and how to buy Polkadot (DOT) with TRY. 
<h2 style="text-align: justify" id="strong-what-is-polkadot-dot-strong">What is Polkadot (DOT)?</h2> 
Polkadot is software that incentivizes a global network of computers to create and operate their own blockchains. This software is one of many competing blockchains aiming to grow the cryptocurrency ecosystem. Other notable examples include Ethereum (ETH), <a href="https://en.coin-turk.com/solana-sol-coin-news-solana-announces-integration-with-shopify-for-solana-pay/" data-wpel-link="internal">Solana</a> (SOL), and Polygon (MATIC). Polkadot was launched in 2020 and is one of the newest models in this field. It offers many innovative technical features to achieve its ambitious goals. 
Polkadot is designed to run two types of blockchains: a main chain called the relay chain, where all transactions are permanent, and user-created parallel chains. Parallel chains can be customized for various uses and can be fed from the main blockchain. This allows transactions on parallel chains to benefit from the security of the main chain. The Polkadot team claims that this design allows transactions to be secure and accurate using only the computing resources required to run the main chain. Additionally, users have the advantage of customizing parallel chains for many different uses. 
Polkadot’s design allows users to perform transactions more privately and efficiently. Blockchains that do not expose user data to the public network or can perform more transactions can be created. Polkadot thus offers a customized and secure blockchain network according to users’ needs. 
To date, Polkadot has raised approximately 200 million USD from <a href="https://finance.coin-turk.com/" data-wpel-link="exclude">investors</a> in two sales of the DOT coin. This makes it one of the best-funded blockchain projects in history. DOT coin is used for governance, staking, and bonding on the Polkadot network. Polkadot’s main goal is to create a more scalable and secure ecosystem by ensuring the interoperability of different blockchains. 
<h2 style="text-align: justify" id="strong-how-to-buy-polkadot-dot-with-try-strong">How to Buy Polkadot (DOT) with TRY?</h2> 
Binance TR is the most suitable cryptocurrency exchange for investors who want to buy Polkadot (DOT) in Turkey. On Binance TR, where an account can be created quickly, more than 100 cryptocurrencies, including DOT, can be bought and sold. To buy Polkadot (DOT) with TRY on Binance TR, you can follow the steps below. 
<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 the trbinance.com address and continue 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 accurately, an 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 completed 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 Binance TR website. Note that you will also need your mobile phone to verify your identity from 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 in the top right, click on the “Identity Verification and Limits” option from the drop-down menu, and then click on “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 on the “Copy URL” option to have the identity verification address sent 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 on 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 open. To continue the verification process, first select the document type that is suitable for you. 
<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, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document you selected, tap on the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure that the images are clear and that the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license. 
Then you can continue by tapping on the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure that your face fills the camera area as much as possible after the camera opens. 
After completing all these steps correctly and completely, your identity verification process will be completed shortly. 
<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 and transact 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours. 
To deposit money into your Binance TR account, first go to the trbinance.com address and hover over the “Wallet” option in the top left corner of the homepage and click on 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 continue by clicking on the “Other Banks” option. 
<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 on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST. All you need to do now is to transfer the amount you want to deposit into your Binance TR account using the information shown on the page of your preferred bank. 
<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 Binance TR account wallet. 
<h3 style="text-align: justify" id="strong-how-to-buy-dot-coin-with-tl-on-binance-tr-strong">How to Buy DOT Coin with TL on Binance TR?</h3> 
After the deposit process, you can proceed to the TL to DOT coin purchase step by clicking on 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 on this option, the following page will open. By typing “DOT” in the search section on the right side of this page, you can go to the TL to DOT purchase page by clicking on the DOT/TRY option from the results. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-352614" src="https://coin-turk.com/wp-content/uploads/2024/05/Turk-lirasi-ile-Polkadot.png" alt="" width="3360" height="1888"> 
Now the following DOT purchase page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy DOT in the first box and the number of DOT you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy DOT” button. 
<img loading="lazy" decoding="async" loading="lazy" class="aligncenter size-full wp-image-352613" src="https://coin-turk.com/wp-content/uploads/2024/05/Turk-lirasi-ile-DOT-Coin.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) through direct banking channels and trade various cryptocurrencies with TRY trading pairs via Binance TR. 
Users can access market-leading spot trading liquidity, a powerful matching engine, advanced <a href="https://newslinker.co/category/cybersecurity/" target="_blank" rel="noopener" data-wpel-link="exclude">security protocols</a>, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/polkadot-enables-users-to-create-and-operate-their-own-blockchains-2/" data-wpel-link="internal">Polkadot Enables Users to Create and Operate Their Own Blockchains</a></h5>

Polkadot Enables Users to Create and Operate Their Own Blockchains

Table of Contents

COINTURK NEWS

Other articles published on Jun 11, 2024

Wormhole Launches Staking and Governance for W Tokens

Notcoin Price Prediction: NOT Plunges 17%, But Here’s A P2E Crypto That Experts Say Might 100X

Elon Musk’s Companies May Ban Apple Devices

Smart Marketing Token Redemption: Team To Buy Back All SMT

Ripple Launches New XRPL Fund to Boost Blockchain Innovation in Japan, South Korea

Can BEFE Outshine Others in the June Memecoin Wave?

Join our free newsletter for daily crypto updates!