Ocean Protocol (OCEAN) is a revolutionary Blockchain-based platform that facilitates secure and transparent data exchange. This platform distinguishes itself by providing a decentralized marketplace for data assets and services, allowing both individuals and organizations to securely and transparently exchange data. In this piece, you will discover the essence of Ocean Protocol (OCEAN) and learn how to acquire Ocean Protocol (OCEAN) using Turkish Lira (TRY).
Ocean Protocol (OCEAN) Explained
Ocean Protocol represents a decentralized protocol established on the Ethereum Blockchain to address challenges related to data sharing and monetization. Through this protocol, data owners, publishers, and consumers can engage in a secure and transparent marketplace where data assets are tokenized as ‘datatokens’ and seamlessly traded. Visit NEWSLINKER for the latest in technology news.
The Ocean Protocol comprises three primary elements: data publishers, data consumers, and the Ocean Market. Data publishers convert their data into NFTs and offer them for sale on the Ocean Market, while data consumers utilize DataTokens to access and purchase data sets from the marketplace. The Ocean Market acts as a facilitator for the exchange of data assets, enabling interaction between data publishers and consumers.
Ocean Protocol offers several distinctive features that set it apart in the realm of data sharing. These include contributions to Web3 development, the OCEAN Marketplace which is a decentralized exchange (DEX) for data, data tokenization which transforms data sets into Ethereum ERC-20 tokens, and collaborations with organizations and countries like Gaia-X and BMW to enhance network adoption.
Ocean Protocol strikes a balance between data commercialization and privacy protection through its data ecosystem platform and data marketplace, providing users with tools to securely upload, store, control access to, and monetize their data. However, limitations exist such as dependency on the Ethereum network, limiting use for users on other networks, and inherent scalability issues of the Ethereum Blockchain.
Acquiring Ocean Protocol (OCEAN) with TRY
Binance TR emerges as the ideal cryptocurrency exchange for Turkish investors seeking to purchase Ocean Protocol (OCEAN). Binance TR enables trading of over 100 cryptocurrencies, including OCEAN, with swift account setup. Follow the steps below to acquire Ocean Protocol (OCEAN) using TRY on Binance TR.
Opening an Account on Binance TR
Creating an account on Binance TR is a straightforward process. Visit trbinance.com and proceed by selecting “Create Account.” The initial account creation step requires basic information such as email address, phone number, name, date of birth, nationality, and Turkish ID number.
After entering the necessary information accurately, verification via email/SMS will be carried out to confirm the details. Subsequently, you will proceed to the next step, identity verification (KYC).
Verifying Your Account on Binance TR
Identity verification on Binance TR is a crucial security measure that must be completed before engaging in cryptocurrency trading. This process safeguards both the user and the exchange. Verification can be completed via phone or through the official Binance TR website. Keep in mind that a phone is required even if opting for website verification.
On the Binance TR website, navigate to the “Profile” option at the top right, click on “Identity Verification and Limits” from the dropdown menu, and then select “Verify.” Follow the on-screen instructions, scan the QR code with your phone’s camera, and continue the process on your phone. If unable to scan the QR code, opt for receiving the verification address via SMS.
Upon entering the address on your phone or scanning the QR code, a screen will prompt you to select your document type, upload the front and back sides of your document, and complete a selfie verification. Ensure all steps are carried out accurately for successful identity verification.
Depositing TL on Binance TR
Deposit Turkish Lira (TL) into your Binance TR account effortlessly from various banks. Enjoy 24/7 TL deposits and seamless transactions from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, FAST allows deposits up to 50,000 TL 24/7, with amounts exceeding 50,000 TL processed during EFT hours.
To deposit funds, visit trbinance.com, hover over the “Wallet” option at the top left, and select “Deposit” from the dropdown menu. Choose your bank and follow the prompts to complete the deposit process.
Buying OCEAN Coin with TL on Binance TR
Post deposit, proceed to purchase OCEAN coin with TL by selecting the “Buy-Sell” option on the Binance TR website. Enter the desired price and quantity of OCEAN, then finalize the purchase by clicking “Buy OCEAN.”
Binance TR Overview
Binance TR, established by the world’s leading cryptocurrency exchange Binance, caters to cryptocurrency investors in Turkey since 2020. Based in Istanbul, Binance TR leverages Binance Cloud infrastructure to offer seamless fiat-to-crypto and crypto-to-crypto trading services. Users can deposit and withdraw Turkish Lira (TRY) via direct banking channels and trade various cryptocurrencies with TRY trading pairs on Binance TR.
Benefit from market-leading spot trading liquidity, advanced security measures, and robust risk controls through Binance TR, supported by Binance’s core functions.
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Disclaimer: The information presented in this article does not constitute investment advice. Investors should acknowledge the high volatility and risk associated with cryptocurrencies and conduct thorough research before making investment decisions.