Magic (MAGIC) is a revolutionary Blockchain network that serves as the backbone for gaming communities on the Treasure Metaverse platform. In this article, we will address two common queries: What is Magic (MAGIC) and how can one purchase Magic (MAGIC) using TRY.
Contents
1. What is Magic (MAGIC)?
2. How to Purchase Magic (MAGIC) with TRY?
3. How to Create an Account on Binance TR?
4. How to Verify Your Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy MAGIC Coin with TL on Binance TR?
7. What is Binance TR?
What is Magic (MAGIC)?
Magic is not just a mere cryptocurrency; it acts as a vital link connecting gaming enthusiasts within the Treasure Metaverse platform. Crafted by the platform’s founders, John Patten, Gaarp, and Karel Vuong, Magic serves as the official currency within the Treasure Metaverse ecosystem. Its primary objective is to facilitate the seamless trading of in-game Non-Fungible Tokens (NFTs) on the platform’s marketplace called Trove. Launched in September 2021, Magic functions as an ERC-20 token on the Ethereum network. Stay updated on the latest financial and business news by visiting COINTURK FINANCE.
Operating on the Ethereum network, Magic utilizes smart contracts to ensure secure and efficient transactions. As players engage with the Treasure Metaverse platform and join vibrant gaming communities, the supply of MAGIC coins adjusts dynamically. With no fixed supply, the number of MAGIC coins decreases as more players join the platform. Furthermore, users who stake MAGIC coins have the opportunity to participate in the governance decisions of the Treasure Metaverse platform.
Storing MAGIC coins is both simple and secure. Being an ERC-20 coin, MAGIC can be stored in any Ethereum-compatible wallet that supports ERC-20 tokens. Popular options include MetaMask, MyEtherWallet, and Ledger Nano S. By storing MAGIC coins in a private wallet, users have complete control over their funds and can access them whenever necessary.
How to Purchase Magic (MAGIC) with TRY?
For investors in Turkey who wish to acquire Magic (MAGIC), Binance TR is the most suitable cryptocurrency exchange. By creating an account on Binance TR, you can swiftly buy and sell over 100 cryptocurrencies, including MAGIC. Follow the steps below to purchase Magic (MAGIC) with TRY on Binance TR.
How to Create an Account on Binance TR?
Creating an account on Binance TR is a straightforward process. Simply visit trbinance.com and proceed from the “Create Account” section. In the initial step of account creation, you will be required to provide basic information such as your email address, phone number, name, date of birth, nationality, and T.C. identity number.
After accurately entering all the requested information, you will undergo email/sms verification to confirm and validate the provided details. Once this process is completed, you will proceed to the second step, which is identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is a crucial security measure that must be completed before commencing cryptocurrency trading or during the process of account creation. This procedure is essential to protect both the user and the cryptocurrency exchange. You can perform the verification process either through your mobile phone or via the official Binance TR website. Please note that verifying your identity on the website requires the use of your mobile phone.
On the Binance TR website, hover over the “Profile” option located in the top right corner, click on “Identity Verification and Limits” from the drop-down menu, and then select “Verify.” Subsequently, you will need to scan the QR code displayed using your phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click “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 similar to the one below will appear. From here, proceed by selecting the “Identity” option.
Next, a screen like the one below will be displayed. To continue the verification process, choose the document type that corresponds to your identification.
After selecting the document type, proceed by selecting the “Upload Front” option. Take a photo of the front side of the document according to the selected document type, then select the “Upload Back” option and capture an image of the back side of the document. Ensure that the images are clear and that the information in the photo is easily legible when photographing both sides of your ID card or driver’s license.
Next, proceed by selecting the “Selfie” option. At this stage, your phone’s front camera will activate, and you will be required to scan your face. Once the camera is activated, ensure that your face occupies as much of the camera area as possible.
Once you have accurately and correctly completed all these steps, your identity verification process will be finalized shortly.
How to Deposit TL on Binance TR?
Depositing TL into your Binance TR account is a hassle-free process that can be done from any bank. You can deposit and trade 24/7 using accounts from Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits from other banks can be made 24/7 up to 50,000 TL via FAST. Deposits exceeding 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first visit trbinance.com, hover over the “Wallet” option located in the top left corner of the main page, and select the “Deposit” option from the drop-down menu.
Subsequently, a page similar to the one below will appear. From this page, you can proceed with the deposit process by choosing your preferred bank. If your desired bank is not yet integrated with Binance TR, click on the “Other Banks” option.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you select the Vakıfbank option, you will see an account name and an IBAN address where transfers, EFTs, or FAST transactions can be made. Now, all you have to do is use the information provided on your bank’s page to transfer the desired amount into your Binance TR account through transfer, EFT, or FAST.
Once your bank completes the transfer, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy MAGIC Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase MAGIC coins with TL by clicking on the “Buy-Sell” option located in the top left menu of the Binance TR website.
Upon clicking this option, the following page will appear. On the right side of this page, enter “MAGIC” in the search box and select the MAGIC/TRY option from the results to access the MAGIC purchase page with TL.
Now, the MAGIC trading page will be displayed as shown below. In the area highlighted with a red box on this page, enter the desired price at which you wish to buy MAGIC in the first box, and specify the number of MAGIC coins you want to purchase in the second box. After entering the required details, finalize your purchase by clicking the “Buy MAGIC” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, officially launched its platform Binance TR in 2020 to cater to cryptocurrency investors in Turkey. This cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s advanced technology, robust security measures, and liquidity provided through the Binance Cloud infrastructure to offer a comprehensive range of 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 trading pairs via Binance TR.
Users of Binance TR benefit from Binance’s core functionalities, gaining 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 should not be considered as investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry inherent risks. It is advisable to conduct thorough research before making any investment decisions.
