Waves offers a Blockchain platform that allows users to effortlessly create and manage their own custom cryptocurrencies through scripts. The platform provides decentralized exchange and smart contract capabilities, making it possible for users and institutions to develop a wide range of applications. Waves ensures network security and efficiency through its Leased Proof of Stake (LPoS) consensus mechanism. This article will address two common questions: What is Waves (WAVES) and how to buy Waves (WAVES) with TRY.
What is Waves (WAVES)?
Waves is a Blockchain platform that simplifies the process of creating and launching custom cryptocurrencies. Unlike other Blockchain platforms that require complex smart contract programming, Waves enables the creation and management of cryptocurrencies through scripts running on user accounts. This makes developing new cryptocurrencies and applications similar to launching a traditional web application. The platform also facilitates the creation and trading of cryptocurrencies, with new cryptocurrencies created through scripts added to transactions at the time of their creation. These scripts manage the cryptocurrency without the need for complex coding. Each new asset is given a unique identifier and can be traded within the Waves ecosystem, which includes a built-in decentralized exchange known as Waves.Exchange. In 2018, Waves introduced smart contract functionality to its MainNet, allowing third parties to create decentralized applications (dApps) on the platform. Additionally, in 2019, Waves launched Waves Enterprise, a version of the network specifically designed for corporate use, showcasing the platform’s versatility and scalability. Waves uses a variation of the proof-of-stake (PoS) consensus mechanism called leased proof-of-stake (LPoS) to maintain its distributed network, ensuring efficiency and synchronization. The platform’s core concept is Smart Assets, which are tokens with attached scripts written in Waves’ native programming language, Ride. These scripts provide specific functions to cryptocurrencies, simplifying the process of creating and transferring cryptocurrencies without the need for programming expertise.
How to Buy Waves (WAVES) with TRY?
For investors in Turkey looking to buy Waves (WAVES), Binance TR is a suitable cryptocurrency exchange. Binance TR offers trading for over 100 cryptocurrencies, including WAVES, and allows for quick account creation. To buy Waves (WAVES) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Creating an account on Binance TR is straightforward. Visit trbinance.com and proceed from the “Create Account” step. You will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number. After entering the information, an email/sms verification will be done to confirm the details. The next step is identity verification (KYC), which is necessary before starting cryptocurrency trading and during account creation.
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a security procedure that must be completed before starting cryptocurrency trading. This process can be completed from your phone or the official Binance TR website. You will need to scan a QR code and continue the process on your phone. Once the verification process is complete, you can proceed to deposit TL into your Binance TR account from all banks.
How to Deposit TL on Binance TR?
You can deposit TL into your Binance TR account from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits can be made 24/7 and transferred through wire transfer, EFT, or FAST. Once the transfer process is completed, the funds will automatically be reflected in your Binance TR account wallet.
How to Buy WAVES Coin with TL on Binance TR?
After the deposit process, you can proceed to buy WAVES coin with TL by clicking on the “Buy-Sell” option on the Binance TR website. Enter the price at which you want to buy WAVES and the number of WAVES you want to buy, then complete the purchase.
What is Binance TR?
Binance TR is the official platform of Binance, the world’s largest cryptocurrency exchange, for cryptocurrency investors in Turkey. The exchange offers both fiat-to-crypto and crypto-to-crypto trading services and provides access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls. Users in Turkey can deposit and withdraw Turkish lira (TRY) through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
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