VeChain (VET) is a revolutionary Blockchain network that aims to enhance supply chain management and seamlessly integrate with Internet of Things (IoT) devices. By utilizing VET and VTHO tokens, this network ensures transparency and efficiency in supply chains, enabling stakeholders to track product status at every stage. Through the integration of IoT and Blockchain technology, VeChain strives to create a connected and efficient ecosystem for businesses. This article provides insights into two commonly asked questions: What is VeChain (VET) and how to purchase VeChain (VET) with TRY.
Table of Contents:
1. What is VeChain (VET)?
2. How to Buy VeChain (VET) 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 VET Coin with TL on Binance TR?
7. What is Binance TR?
What is VeChain (VET)?
VeChain is a cutting-edge Blockchain network designed to revolutionize supply chain management and seamlessly integrate with IoT devices. Its primary objective is to enhance the efficiency of supply chains through the utilization of distributed ledger technology. By leveraging this technology, VeChain strives to promote transparency and efficiency in complex supply chains, facilitating the flow of information and operations. For the latest technology news, visit NEWSLINKER.
The VeChain network operates with two tokens: VeChain Token (VET) and VeChainThor Energy (VTHO). VET token is utilized for value transfer across the network, while VTHO serves as the energy or gas required to power smart contract transactions. This dual token system ensures the network remains efficient and functional by providing economic incentives with VET and facilitating transactions with VTHO.
Initially developed in 2015 as a modified fork of Ethereum, VeChain has evolved over the years to support various enterprise applications. It offers customizable solutions to cater to diverse business needs, emphasizing on-chain governance, low transaction fees, interoperability with other technologies, and compliance with legal requirements. These features make VeChain a versatile tool for businesses seeking to enhance their operations and product tracking.
VeChain’s core objective is to provide comprehensive visibility throughout the entire supply chain process. All relevant information, from production to delivery, including storage and transportation, is made accessible to authorized parties involved in the process. This transparency enables stakeholders to track and verify the status and quality of products at every stage, fostering trust and efficiency in the supply chain.
The development and expansion of the VeChain network reflect its commitment to addressing real-world business challenges. By focusing on the integration of IoT and Blockchain technology, VeChain aims to create a more connected and efficient ecosystem for businesses. Its on-chain governance model allows for continual improvement and adaptation to meet the evolving needs of businesses.
How to Buy VeChain (VET) with TRY?
For investors in Turkey looking to purchase VeChain (VET), Binance TR is the most suitable cryptocurrency exchange. Binance TR offers a seamless process to create an account and enables buying and selling of over 100 cryptocurrencies, including VET. To purchase VeChain (VET) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Go to the trbinance.com address and proceed from the “Create Account” step. In the first step, provide basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information accurately and completely, an email/SMS verification will be conducted to confirm the information. Once this process is completed, proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before engaging in cryptocurrency trading and during account creation. This process ensures the safety of both the user and the cryptocurrency exchange. Identity verification can be performed through your phone or the official Binance TR website. Note that you will need your phone for identity verification via the website.
On the Binance TR website, hover over the “Profile” option at the top right corner, click on the “Identity Verification and Limits” option from the drop-down menu, and then select the “Verify” option. Subsequently, scan the QR code that appears using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your phone.
After entering the address on your phone or scanning the QR code, a screen similar to the one below will appear on your phone. Tap on the “Identity” option to proceed.
Then, a screen like the one below will be displayed. To continue with the verification process, select the document type that suits you best.
After selecting the document type, tap on the “Upload Front” option. Capture a photo of the front side of the document you selected, then tap on the “Upload Back” option and capture a photo of the back side of the document. Ensure that the images of your ID card or driver’s license are clear and the information is easily readable.
Next, tap on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
After accurately completing all these steps, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is a simple process that can be done from any bank. You can deposit TL 24/7 and seamlessly conduct transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, 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, go to the trbinance.com address, hover over the “Wallet” option at the top left of the homepage, and select the “Deposit” option from the drop-down menu.
A page like the one below will open. Proceed with the deposit process by selecting your preferred bank from this page. If your preferred bank is not integrated with Binance TR yet, click on the “Other Banks” option.
In this example, we will continue with 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 transfer money via wire transfer, EFT, or FAST. Use the displayed information on the bank’s page to transfer the desired amount into your Binance TR account via wire transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically reflect in your wallet on your Binance TR account.
How to Buy VET Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase VET coins with TL by selecting the “Buy-Sell” option in the top left menu on the Binance TR website.
Upon clicking this option, the following page will appear. Type “VET” in the search section on the right side of this page and select the VET/TRY option from the results to access the TL to VET purchase page.
The VET trading page will now be displayed. In the area marked with a red box, enter the desired price at which you wish to buy VET in the first box, and the quantity of VET you want to purchase in the second box. After entering the amount, complete your purchase by clicking the “Buy VET” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, officially launched its platform Binance TR for Turkish cryptocurrency investors in 2020. Headquartered in Istanbul, Binance TR provides access to a wide range of trading services, including fiat-to-cryptocurrency and cryptocurrency-to-cryptocurrency transactions. By leveraging Binance’s technology, security measures, and liquidity through the Binance Cloud infrastructure, users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels via Binance TR. Furthermore, they can trade various cryptocurrencies with TRY pairs, benefiting from market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions.
Stay updated with our news on Telegram, Facebook, Twitter & Coinmarketcap.
Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is crucial to conduct thorough research before making any investment decisions.