Hedera Hashgraph (HBAR) is a unique cryptocurrency network that aims to revolutionize the industry by offering fast transactions and enhanced security. What sets Hedera Hashgraph apart is its patented Hashgraph algorithm, consensus mechanism, governance structure, and partnerships with major businesses. In this article, we will explore what Hedera Hashgraph is and how to buy it using TRY.
What is Hedera Hashgraph (HBAR)?
Hedera Hashgraph is a cryptocurrency network that aims to provide faster and cheaper transactions compared to traditional Blockchains. It achieves this by utilizing a patented algorithm called Hashgraph, which efficiently groups transactions. The network’s consensus mechanism, known as Hashgraph consensus, ensures that all participants agree on the transaction history. Consensus nodes determine the order and history of transactions, while mirror nodes relay this information to others. This approach ensures secure and irreversible transactions, providing businesses with a reliable platform for decision-making.
The governance of Hedera Hashgraph is overseen by the Hedera Governing Council, which consists of 39 members from leading companies such as Google, IBM, and Boeing. The council ensures the integrity and legal compliance of the network across jurisdictions. While the council currently operates the main network nodes, the long-term vision is to open node operations to anyone who wishes to participate. This decentralized approach aims to enhance the network’s resilience and inclusivity.
How to Buy Hedera Hashgraph (HBAR) with TRY?
If you’re in Turkey and want to buy Hedera Hashgraph (HBAR), Binance TR is the most suitable cryptocurrency exchange for you. Binance TR allows you to create an account quickly and offers over 100 cryptocurrencies, including HBAR. To buy HBAR with TRY on Binance TR, follow the steps below.
1. How to Open an Account on Binance TR?
Creating an account on Binance TR is easy. Visit trbinance.com and click on the “Create Account” option. Provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number. After entering this information correctly, undergo email/sms verification for confirmation. Then proceed to the second step, identity verification (KYC).
2. How to Verify Your Account on Binance TR?
Identity verification is a necessary security procedure for cryptocurrency trading and account creation. On the Binance TR website, hover over the “Profile” option, click on “Identity Verification and Limits,” and then select “Verify.” Scan the QR code with your phone’s camera or click on “Copy URL” to send the verification address to your phone via SMS. Follow the instructions on your phone to complete the verification process accurately.
3. How to Deposit TL on Binance TR?
You can deposit TL into your Binance TR account from any bank. Visit trbinance.com and click on the “Wallet” option. Select “Deposit” and choose your preferred bank. If your bank is not integrated with Binance TR, select the “Other Banks” option. Follow the instructions provided on the page to transfer the desired amount to your Binance TR account via transfer, EFT, or FAST. Once the transfer is complete, the funds will be reflected in your wallet.
4. How to Buy HBAR Coin with TL on Binance TR?
After depositing TL into your Binance TR account, click on the “Buy-Sell” option on the website. Type “HBAR” in the search section and select the HBAR/TRY option. Enter the desired price and quantity of HBAR you want to buy. Click on the “Buy HBAR” button to complete your purchase.
What is Binance TR?
Binance TR is the official platform of Binance, the world’s largest cryptocurrency exchange. It was launched in 2020 to cater specifically to cryptocurrency investors in Turkey. Binance TR leverages Binance’s technology and security measures to provide fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can deposit and withdraw Turkish lira directly through bank channels and trade various cryptocurrencies using TRY trading pairs. Binance TR offers market-leading spot trading liquidity, advanced security protocols, custody solutions, and risk controls.
Disclaimer: The information provided in this article is not investment advice. Cryptocurrencies carry high volatility and risk, and investors should conduct their own research before making any investment decisions.