Decentraland (MANA) is an innovative virtual world that operates on the Ethereum Blockchain. This article aims to provide answers to two commonly asked questions: What is Decentraland (MANA), and how can one purchase it with TRY?
Contents
What is Decentraland (MANA)?
How to Purchase Decentraland (MANA) with TRY?
How to Create an Account on Binance TR?
How to Verify an Account on Binance TR?
How to Deposit Turkish Lira (TL) on Binance TR?
How to Buy MANA Coin with TL on Binance TR?
What is Binance TR?
What is Decentraland (MANA)?
Decentraland is a decentralized virtual world that relies on Ethereum’s Blockchain. It allows users to buy, sell, and interact with digital real estate and virtual goods. The platform offers opportunities for exploration, gaming, social interaction, and creative expression, encouraging users to contribute to its shared virtual ecosystem. Stay updated with the latest technology news on NEWSLINKER.
Decentraland consists of two main network assets: LAND and MANA coins. LAND coin is a non-fungible token (NFT) representing ownership of digital real estate parcels within the virtual world. MANA coin is a cryptocurrency used to purchase virtual goods and services within Decentraland’s ecosystem, alongside LAND coin.
The platform utilizes Ethereum’s Blockchain to ensure transparency and security in tracking the ownership of digital land parcels. To participate in Decentraland’s ecosystem, users must hold MANA coins in an Ethereum wallet. MANA coins can be used for various activities within the virtual world, such as buying, selling, and interacting.
Decentraland’s architecture consists of layered components built on Ethereum smart contracts. The consensus layer maintains a ledger that tracks land parcel ownership, while the content layer controls visual and interactive elements on each parcel. Additionally, the real-time layer facilitates social interactions between users, including voice chat and messaging.
Decentraland provides a marketplace where users can manage and trade LAND coins priced in MANA. Owners can transact parcels and other in-game items, such as wearables and unique names, using Ethereum wallets, ensuring security and transparency. The platform also offers builder tools that enable users to create interactive scenes within LAND parcels using drag-and-drop editors and customization libraries.
Beyond the gaming environment, Decentraland fosters a vibrant virtual community by offering innovative features like peer-to-peer interactions, voice chat, and messaging. Its open and decentralized structure encourages creativity and experimentation, allowing developers to push the boundaries of what is possible in the virtual world.
How to Purchase Decentraland (MANA) with TRY?
For Turkish investors looking to buy Decentraland (MANA), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows users to quickly create an account and trade over 100 cryptocurrencies, including MANA. Follow the steps below to buy Decentraland (MANA) with TRY on Binance TR.
How to Create an Account on Binance TR?
Creating an account on Binance TR is a straightforward process. Visit trbinance.com and proceed from the “Create Account” step. In the first step, you will need to provide basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identification number.
After entering the required information accurately and completely, an email/sms verification will be conducted to confirm and verify the details. Once this process is completed, you will move on to the second step, which is identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is a necessary security procedure that must be performed before engaging in cryptocurrency trading or during account creation. This process ensures the safety of both the user and the cryptocurrency exchange. You can complete the verification process through your phone or Binance TR’s official website. Note that you will need your mobile phone to perform identity verification through the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” in the drop-down menu, and then select “Verify.” After this step, you will need to scan the QR code that appears using your mobile phone’s camera and continue the process on your phone. If you are unable to scan the QR code, you can click on the “Copy URL” option to receive the identity verification address via SMS on your mobile phone.
Once you enter the address on your mobile phone or scan the QR code, a screen similar to the one below will appear. Tap on the “Identity” option to continue the verification process.
Then, a screen like the one shown below will appear. To proceed with the verification process, select the appropriate document type and continue.
After selecting the document type, tap on the “Upload front side” option. Take a clear photo of the front side of the document based on the selected document type, and then tap on the “Upload back side” option to take a photo of the back side of the document and upload it. Ensure that the images are clear and that the information on the document is easily readable.
Next, tap on the “Selfie” option. Your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible.
After accurately and completely following all these steps, your identity verification process will be completed shortly.
How to Deposit Turkish Lira (TL) on Binance TR?
You can easily deposit TL into your Binance TR account from any bank. You can deposit TL 24/7 and make uninterrupted transactions from banks like Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. Deposits from other banks, up to 50,000 TL, can be made 24/7 using FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, go to trbinance.com, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
On the page that appears, select your preferred bank to continue the deposit process. If your preferred bank is not integrated with Binance TR yet, click on the “Other Banks” option.
In this example, we will continue with Vakıfbank, but the process is the same for all other banks. Clicking on the Vakıfbank option will display an account name and IBAN address where you can make transfers, EFT, or FAST deposits. Use the provided information from your preferred bank’s page to transfer the desired amount to your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds will be automatically reflected in your wallet within your Binance TR account.
How to Buy MANA Coin with TL on Binance TR?
After completing the deposit process, you can proceed to purchase MANA coin with TL by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the page shown below will open. Type “MANA” in the search section on the right side of the page to go to the MANA/TRY purchase page. From the results, click on the MANA/TRY option.
Now, the MANA trading page will open. In the red box area, enter the desired price at which you want to buy MANA in the first box and the amount of MANA you want to buy in the second box. After entering the values, click on the “Buy MANA” button to complete your purchase.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange in terms of trading volume, launched its platform Binance TR specifically for cryptocurrency investors in Turkey in 2020. Based in Istanbul, the cryptocurrency exchange 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 Binance Cloud infrastructure. Users in Turkey can easily deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users have access to Binance’s core functions, including market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
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Disclaimer:
The information provided in this article does not constitute investment advice. Investors should be aware that cryptocurrencies are highly volatile and carry risks. It is recommended to conduct thorough research before making any investment decisions.
