eCash (XEC) represents the rebranded identity of BCHA, which originated from the Bitcoin Cash (BCH) fork and was developed by the Bitcoin ABC team. It boasts enhanced security and rapid transaction confirmation times thanks to the Avalanche consensus protocol. eCash introduces features like staking and the ability to create custom tokens, and it adopts a user-friendly ‘bits’ unit of account. This article addresses key questions: what defines eCash (XEC) and how to acquire it using Turkish Lira (TRY).
Contents:
What is eCash (XEC)?
How to Purchase eCash (XEC) with TRY?
How to Register on Binance TR?
How to Verify Your Binance TR Account?
How to Deposit Turkish Lira (TL) on Binance TR?
How to Buy XEC Coin with TL on Binance TR?
What is Binance TR?
What is eCash (XEC)?
eCash, formerly known as BCHA, emerged post the July 1, 2021 rebranding by Bitcoin ABC from Bitcoin Cash (BCH). This transition retained the core functionality while refreshing its identity. The introduction of the Avalanche consensus protocol bolsters its blockchain security and ensures almost instantaneous transaction validation. Moreover, eCash pioneers innovations such as staking and eTokens for bespoke token creation, ideal for diverse blockchain applications.
A significant aspect of the rebranding is the shift to ‘bits’ as the unit of account, simplifying transactions and enhancing user accessibility. Each BCHA equates to one million XEC under this new system, aiming to improve user experience without altering the cryptocurrency’s foundational mechanics.
eCash remains committed to its original supply from the BCHA era, adjusted proportionately. This maintains continuity for previous BCHA holders, ensuring equivalent value conversion as per prevailing exchange rates at the rebranding time. Positioned primarily for seamless payment solutions, eCash integrates Proof of Stake (PoS) Layer 2 advancements for scaling transaction volumes efficiently.
How to Purchase eCash (XEC) with TRY?
For investors in Turkey seeking eCash (XEC), Binance TR stands as the optimal cryptocurrency exchange. Featuring over 100 cryptocurrencies including XEC, Binance TR facilitates swift account creation and trading. Below are the steps to acquire eCash (XEC) using TRY on Binance TR.
How to Register on Binance TR?
Opening an account on Binance TR is straightforward. Begin by visiting trbinance.com and proceed with the “Create Account” option. Initially, input your basic details such as email address, phone number, name, birthdate, nationality, and T.C. identity number.
Following accurate submission, verify the provided information via email/SMS. Next, advance to the identity verification (KYC) phase.
How to Verify Your Binance TR Account?
Identity verification on Binance TR is essential for security and trading permissions. Access this process via your mobile device or the official Binance TR website. Navigate to “Profile” > “Identity Verification and Limits” > “Verify.” Scan the displayed QR code using your phone’s camera for swift verification. If needed, opt for SMS delivery of the verification link.
Upon accessing the link or scanning the QR code, initiate the process by selecting your document type and uploading the required front and back images, ensuring clarity and legibility. Conclude with a selfie using your phone’s front camera for facial recognition.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is seamless across major Turkish banks. Utilize Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans for 24/7 transactions. For other banks, deposits up to 50,000 TL via FAST are viable around the clock, while amounts exceeding 50,000 TL are processed during EFT hours.
Initiate the deposit by accessing “Wallet” > “Deposit” on trbinance.com, selecting your bank or opting for “Other Banks” if necessary.
Complete the transfer to the displayed account details. Upon confirmation by your bank, funds will reflect automatically in your Binance TR wallet.
How to Buy XEC Coin with TL on Binance TR?
Post-deposit, navigate to “Buy-Sell” on the Binance TR homepage and proceed. Enter “XEC” in the search bar, select “XEC/TRY,” input desired purchase specifics, and finalize the transaction by clicking “Buy XEC.”
What is Binance TR?
Launched in 2020, Binance TR caters specifically to Turkish cryptocurrency enthusiasts, offering robust fiat-to-crypto and crypto-to-crypto trading services. Operating under Binance’s global infrastructure, it ensures top-tier liquidity, advanced security features, and seamless Turkish Lira (TRY) transactions via local bank channels.
Binance TR leverages Binance Cloud technology, providing a secure and efficient platform for trading various cryptocurrencies.
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Disclaimer: This article does not constitute investment advice. Cryptocurrency investments involve inherent risks, requiring thorough individual research.
