Internet Computer (ICP) is an innovative Blockchain network that aims to enhance computing, data storage, and Web3 services. In this article, we will explore two commonly asked questions: What is Internet Computer (ICP) and how can one buy Internet Computer (ICP) using TRY.
Contents:
1. What is Internet Computer (ICP)?
2. How to Buy Internet Computer (ICP) 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 ICP Coin with TL on Binance TR?
7. What is Binance TR?
What is Internet Computer (ICP)?
Internet Computer is a groundbreaking Blockchain network designed to revolutionize computing, data storage, and the traditional internet. It operates on a decentralized network of specialized hardware set up by independent parties, allowing users to easily create decentralized applications (dApps). By providing a simplified user interface, Internet Computer facilitates the widespread adoption of Web3 services.
Unlike centralized cloud computing services, Internet Computer operates on a decentralized network infrastructure, enhancing security, reliability, and resistance to censorship. Transactions on the Internet Computer Blockchain are executed quickly, ensuring smooth user experiences and efficient data processing.
Internet Computer acts as a powerful enabler of Web3 platforms, allowing developers to create decentralized social networks, financial services, and other Web3 applications. It addresses privacy concerns inherent in traditional social networks and gives users control over their data and digital identities.
The network aims to act as a “world computer” capable of hosting demanding Web3 services without relying on traditional IT infrastructure. Developers can create services using smart contract software called “canisters” that seamlessly interact with the web and other Blockchains.
The main asset of the Internet Computer network is ICP, which serves multiple purposes within the ecosystem. ICP coins facilitate network governance, reward computing nodes, and incentivize participants. Users can stake ICP coins in the Network Nervous System (NNS) DAO to create voting neurons and participate in governance decisions.
Internet Computer operates on a sovereign network of specialized “node machines” connected through its protocol. These machines form the Internet Computer Blockchain, which serves as a public World Computer capable of hosting decentralized applications. The Blockchain ensures security, scalability, and interoperability through chain key cryptography, subnet Blockchains, and canister smart contracts.
How to Buy Internet Computer (ICP) with TRY?
The most suitable cryptocurrency exchange for Turkish investors looking to buy Internet Computer (ICP) is Binance TR. Binance TR allows quick account creation and offers over 100 cryptocurrencies, including ICP, for buying and selling. To buy ICP with TRY on Binance TR, follow these steps:
1. How to Open an Account on Binance TR?
Creating an account on Binance TR is simple. Go to trbinance.com and click on the “Create Account” option. Provide basic information such as email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
2. How to Verify an Account on Binance TR?
Identity verification is a necessary security procedure for cryptocurrency trading and account creation on Binance TR. You can perform the verification process either through your phone or the official Binance TR website. Follow these steps:
– On the Binance TR website, hover over the “Profile” option at the top right and click on “Identity Verification and Limits” from the drop-down menu.
– Click on the “Verify” option and scan the QR code that appears using your mobile phone camera. Alternatively, click on the “Copy URL” option to receive the verification address via SMS.
– On your mobile phone, open the verification address or scan the QR code and tap on the “Identity” option.
– Select the document type that suits you and continue the process by uploading photos of the front and back sides of your ID card or driver’s license.
– Complete the verification process by scanning your face using your phone’s front camera.
3. How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from various banks. Supported banks include Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. For other banks, you can deposit up to 50,000 TL 24/7 using FAST. Deposits exceeding 50,000 TL from other banks are processed during EFT hours. Follow these steps:
– Go to trbinance.com and click on the “Wallet” option at the top left of the homepage.
– Select the “Deposit” option from the drop-down menu.
– Choose your preferred bank and follow the instructions to make a transfer, EFT, or FAST using the provided account name and IBAN address.
4. How to Buy ICP Coin with TL on Binance TR?
After completing the deposit process, you can proceed to buy ICP coin with TL. Click on the “Buy-Sell” option in the top left menu on the Binance TR website. Follow these steps:
– On the trading page, search for “ICP” in the search section and select the ICP/TRY option.
– Enter the desired price and quantity of ICP you want to buy.
– Click the “Buy ICP” button to complete your purchase.
What is Binance TR?
Binance TR is the official Binance platform for cryptocurrency investors in Turkey. It was launched in 2020 and offers both fiat-to-crypto and crypto-to-crypto trading services. Leveraging Binance’s technology, security measures, and liquidity, Binance TR allows users to deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs.
Users can access market-leading spot trading liquidity, advanced security protocols, and custody solutions supported by Binance’s core functions through Binance TR.
Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct their own research. Stay updated with our latest financial and business news on COINTURK FINANCE. You can also follow us on Telegram, Facebook, Twitter, and Coinmarketcap.