Bella Protocol (BEL) is a DeFi platform that specializes in asset management, offering products that allow for yield farming without the burden of gas fees. Its core products, Bella Flex Savings, Bella LP Farm, and Bella Tuner, aim to simplify liquidity provision and yield optimization. Established in 2020 by Yemu Xu and Felix Xu, the platform is committed to providing access to a broad range of crypto assets with security, transparency, and low fees. This article discusses what Bella Protocol (BEL) is and how to buy it with TRY.
What is Bella Protocol (BEL)?
Bella Protocol is an innovative asset management platform created to streamline the yield farming process in decentralized finance (DeFi). By providing gas-free DeFi products, it aims to enhance liquidity provision and optimize earnings for both experienced and beginner investors. Its primary products, Bella Tuner, Bella LP Farm, and Bella Flex Savings, are designed to offer an easy investment experience that allows for strategy optimization and maximum returns.
Bella Protocol was launched in September 2020 by founders Yemu Xu and Felix Xu, who currently serves as CEO. The platform is supported by a team of experienced developers, engineers, and professionals, ensuring its ongoing development. Bella Protocol operates from Beijing, China, and is audited by PeckShield. The project has received support from top investors such as Alphabit, Binance Labs, Ledger Capital, RockX, and Arrington Capital.
The main goal of Bella Protocol is to create a DeFi platform optimized for financial gains while accommodating varying risk tolerances. It aims to offer a secure, transparent, and strategically developed platform with low fees and access to a wide range of cryptocurrencies. Bella Protocol strives to democratize DeFi investments by focusing on enhancing user experience and optimizing earnings.
Bella Protocol’s user interface is designed to be user-friendly, offering easy navigation and advanced strategic development. By providing access to various cryptocurrencies across multiple blockchains, it increases returns for users. Bella Flex Savings allows users to deposit stablecoins and other assets, which are then directed to different mining pools through smart contracts. This strategy, implemented on Curve, is periodically updated to optimize returns.
Bella LP Farm uses zkSync to enhance liquidity provision for decentralized exchanges (DEXs), offering superior incentives to users. This product also allows staking of LP tokens from DEX pools in exchange for BEL token rewards, with support for multiple blockchains. Bella Tuner, an independent Uniswap v3 simulator, enables users to backtest individual transactions and develop advanced investment strategies through smart contract functionality.
How to Buy Bella Protocol (BEL) with TRY?
Binance TR is the best cryptocurrency exchange for investors in Turkey looking to purchase Bella Protocol (BEL). With over 100 cryptocurrencies available for trading, including BEL, Binance TR allows for quick account creation. Here are the steps to buy Bella Protocol (BEL) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is simple. Go to trbinance.com and proceed with the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as email address, phone number, name, surname, date of birth, nationality, and Turkish ID number.
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After entering the requested information accurately, email/SMS verification will be conducted to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be completed before starting cryptocurrency trading and during account creation. This process is also important to protect both the user and the cryptocurrency exchange. You can choose to complete the verification process from your phone or through the official Binance TR website.
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On the Binance TR website, hover over the “Profile” option at the top right, 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 with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to send the identity verification address to your phone via SMS.
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When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first tap on the “Identity” option to continue.
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Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you best.
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After selecting the document type, tap on the “Upload Front Side” option to continue. After taking a photo of the front side of the document according to the selected document type, tap on the “Upload Back Side” option and take a photo of the back side of the document and upload it. Make sure the images are clear and the information in the photos is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. After the camera opens, make sure your face fills the camera area as much as possible.
After completing 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 from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits over 50,000 TL from other banks are processed during EFT hours. Deposits up to 50,000 TL can be made 24/7 using FAST from other banks.
To deposit money into your Binance TR account, first 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.
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Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. If your preferred bank is not yet integrated with Binance TR, you should continue by clicking on the “Other Banks” option.
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In this example, we will continue using Vakıfbank, but the process is the same for all banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST. All you need to do now is use the information displayed on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
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Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy BEL Coin with TL on Binance TR?
After depositing money, click on the “Buy-Sell” option in the top left menu on the Binance TR website to proceed to the step of buying BEL coin with TL.
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After clicking on this option, the following page will open. In the search box on the right side of this page, type “BEL” and click on the BEL/TRY option from the results to go to the page for buying BEL with TL.
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Now the following BEL trading page will open. In the area marked with a red box on this page, you need to enter the price at which you want to buy BEL in the first box and the number of BEL you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy BEL” button.
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What is Binance TR?
Binance TR is the official platform of Binance, the world’s largest cryptocurrency exchange by trading volume, specifically launched for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR offers both fiat-to-crypto and crypto-to-crypto trading services, leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functions through Binance TR.
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Disclaimer:
The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.
