Neo, a Layer-1 Blockchain, is a platform that enables the development and execution of smart contracts. It utilizes the Neo Virtual Machine (NVM) to support multiple programming languages, making it user-friendly for developers. The Blockchain employs the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism for secure network consensus and efficient transaction validation. Neo’s native token, NeoGas (GAS), is used for transaction fees and incentivizing validators. This article provides answers to common questions about NeoGas (GAS) and how to purchase it with TRY.
Contents:
1. What is NeoGas (GAS)?
2. How to Buy NeoGas (GAS) 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 GAS Coin with TL on Binance TR?
7. What is Binance TR?
Neo is a Layer-1 Blockchain designed to support smart contracts by utilizing the Neo Virtual Machine (NVM). The NVM allows developers to create and deploy smart contracts using various programming languages. To ensure network consensus and transaction validation, Neo employs the Delegated Byzantine Fault Tolerance (dBFT) consensus mechanism. This mechanism enhances security and network efficiency by involving a small group of delegates responsible for validating transactions and producing new blocks.
Neo’s native token, GAS, is a NEP-17 token used for paying transaction fees on the network. It is separate from the main cryptocurrency, NEO, and primarily used for governance and staking within the network. GAS tokens are distributed to NEO holders over time, encouraging long-term investment in the network.
Apart from its technical features, Neo focuses on creating a developer-friendly environment. Supporting multiple programming languages through the NVM attracts a wide range of developers to the platform.
If you want to buy NeoGas (GAS) with TRY, Binance TR is the most suitable cryptocurrency exchange for Turkish investors. Binance TR allows quick account creation and offers over 100 cryptocurrencies, including GAS, for buying and selling. To purchase NeoGas (GAS) with TRY on Binance TR, follow the steps below.
To open an account on Binance TR, visit trbinance.com and proceed with the “Create Account” step. Provide basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number. After entering the information accurately, complete the email/sms verification process. Then, proceed to the identity verification (KYC) step.
Identity verification on Binance TR is a necessary security procedure to complete before engaging in cryptocurrency trading. You can perform the verification process through your phone or the official Binance TR website. Scan the QR code with your phone’s camera or receive the identity verification address via SMS if you cannot scan the QR code. Follow the instructions on your phone to complete the verification process accurately.
Depositing TL into your Binance TR account is easy and can be done from various banks. Visit trbinance.com and click on the “Wallet” option, then select “Deposit.” Choose your preferred bank and initiate the transfer process using the provided account name and IBAN address. The funds will be reflected in your Binance TR account wallet after the bank completes the transfer.
After completing the deposit process, you can buy GAS coin with TL by clicking on the “Buy-Sell” option on the Binance TR website. Enter “GAS” in the search section, select GAS/TRY, and specify the desired price and quantity of GAS. Complete the purchase by clicking the “Buy GAS” button.
Binance TR is the official platform of Binance, the world’s largest cryptocurrency exchange. Launched in 2020, Binance TR caters specifically to cryptocurrency investors in Turkey. It offers fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users can deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs. Binance TR provides market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
Please note that the information in this article does not constitute investment advice. Cryptocurrencies carry high volatility and risk, and investors should conduct their own research.