Verge (XVG) is a cryptocurrency that places a strong emphasis on privacy and security. Its main objective is to facilitate fast transactions while ensuring user anonymity. Originally launched as Dogecoin Dark in 2014, the project aimed to provide a decentralized and anonymous solution. After two years, the cryptocurrency rebranded as Verge, while retaining its core principles of privacy and decentralization. Verge continues to prioritize user privacy and offers a secure and anonymous transaction experience. In this article, we will address two frequently asked questions: What is Verge (XVG) and how can you buy Verge (XVG) with TRY.
What is Verge (XVG)?
Verge is a cryptocurrency project that focuses on privacy and security. It aims to provide fast transactions while maintaining user anonymity. This addresses a significant concern within the crypto community. During the early years of Bitcoin, it became apparent that transactions recorded on the public ledger were not as private as initially believed. In response to this privacy gap, Dogecoin Dark was created in September 2014. Dogecoin Dark aimed to offer maximum anonymity and true decentralization, setting it apart from Bitcoin and other early cryptocurrencies. It provided users with a more secure and private way to transact, ensuring their identities and transaction details remained confidential. This privacy-focused approach quickly gained interest among users who valued anonymity in their financial transactions.
After nearly two years, Dogecoin Dark underwent a major transformation. The team behind the cryptocurrency decided to rebrand it to better reflect its goals and mission, leading to the birth of Verge. Despite the name change, Verge maintained the core principles of privacy and decentralization that were the foundation of Dogecoin Dark. Verge continues to build upon this foundation and strives to offer a secure and anonymous transaction experience. Its network is designed to support fast transactions, making it a practical choice for users who require quick and private financial interactions. Verge aims to address the privacy shortcomings of early cryptocurrencies by prioritizing user anonymity.
How to Buy Verge (XVG) with TRY?
Binance TR is the most suitable cryptocurrency exchange for Turkish investors looking to buy Verge (XVG). On Binance TR, you can quickly create an account and trade over 100 cryptocurrencies, including XVG. To buy Verge (XVG) 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. Simply visit trbinance.com and click on the “Create Account” option. In the first step, you will be prompted to enter basic information such as your email address, phone number, name, date of birth, nationality, and identification number.
After entering all the required information accurately, you will need to undergo email or SMS verification to verify your account. Once this process is complete, you can proceed to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security measure that must be completed before you can start trading cryptocurrencies or during the account creation process. This verification process is essential to protect both the user and the cryptocurrency exchange. You can perform the verification process using your phone or through the official Binance TR website. It is important to note that you will need your mobile phone to complete the identity verification process on the website.
On the Binance TR website, hover over the “Profile” option at the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to 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 “Copy URL” to receive the identity verification address via SMS on your phone.
Once you enter the address on your phone or scan the QR code, a screen will appear prompting you to tap on the “Identity” option to continue. From there, select the document type that is most suitable for you. After selecting the document type, you can proceed by uploading the front and back sides of your ID card or driver’s license. Make sure the images 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. Ensure that your face fills the camera area as much as possible. Once you have completed all these steps accurately and completely, your identity verification process will be completed shortly.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account through various banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without any interruptions. For other banks, you can deposit up to 50,000 TL 24/7 using FAST. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option at the top left of the homepage, and click on the “Deposit” option from the drop-down menu.
On the deposit page, select your preferred bank. If your bank is not integrated with Binance TR, you can choose the “Other Banks” option. For example, if you select Vakıfbank, you will see an account name and IBAN address where you can transfer money via wire transfer, EFT, or FAST. Use this information to transfer the desired amount into your Binance TR account.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy XVG Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase XVG coins using TL. Click on the “Buy-Sell” option in the top left menu on the Binance TR website.
On the buy-sell page, type “XVG” in the search bar on the right side and click on the XVG/TRY option from the results. This will take you to the XVG trading page.
On the XVG trading page, enter the price at which you want to buy XVG in the first box and the quantity of XVG you want to buy in the second box. After entering the desired amount, click the “Buy XVG” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, launched its platform Binance TR specifically for cryptocurrency investors in Turkey in 2020. Binance TR, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users supported by Binance’s core functions through Binance TR gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
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Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.