Internet Computer (ICP) is an innovative Blockchain network that aims to enhance computing, data storage, and Web3 services. In this article, we will provide answers to two commonly asked questions: What is Internet Computer (ICP) and how can you purchase Internet Computer (ICP) with Turkish Lira (TRY)?
Table of Contents:
1. What is Internet Computer (ICP)?
2. How to Buy Internet Computer (ICP) with TRY?
3. How to Open an Account on Binance TR?
4. How to Verify an Account on Binance TR?
5. How to Deposit TL on Binance TR?
6. How to Buy ICP Coin with TL on Binance TR?
7. What is Binance TR?
What is Internet Computer (ICP)?
Internet Computer is a revolutionary Blockchain network that aims to revolutionize computing, data storage, and the traditional internet. Unlike traditional internet infrastructure, Internet Computer operates on a decentralized network of independent parties, enabling users to easily create decentralized applications (dApps). By providing a simplified user interface, Internet Computer facilitates the widespread adoption of Web3 services.
Internet Computer offers several distinct features that differentiate it from other Blockchain networks. These features include:
1. Decentralized Application (dApp) Development: Internet Computer provides a user-friendly interface that allows anyone to create decentralized applications on the Blockchain platform, promoting the adoption of Web3 services.
2. Decentralized Network Infrastructure: Unlike centralized cloud computing services, Internet Computer operates on a decentralized network with independent node providers worldwide. This decentralized architecture enhances security, reliability, and resistance to censorship.
3. Fast Transactions: Internet Computer Blockchain transactions are executed quickly, ensuring smooth user experiences and efficient data processing.
Internet Computer serves as a powerful enabler for Web3 platforms, allowing developers to create decentralized social networks, financial services, and other Web3 applications. By leveraging the Internet Computer Blockchain, developers can address privacy issues associated with traditional social networks and empower users to have control over their data and digital identities.
Internet Computer aims to function as a “world computer” capable of hosting demanding Web3 services without relying on traditional IT infrastructure. Developers can create services using smart contract software called “canisters,” which seamlessly interact with the web and other Blockchains.
The primary network asset of Internet Computer is ICP, which serves multiple purposes within the ecosystem. ICP coins facilitate network governance, reward computing nodes, and incentivize participants. Users can stake ICP coins in the Network Nervous System (NNS) DAO to create voting neurons and participate in governance decisions.
Internet Computer operates on a sovereign network of specialized “node machines” connected through its protocol. These node machines form the Internet Computer Blockchain, which acts as a public World Computer capable of hosting decentralized applications. The Blockchain incorporates chain key cryptography, subnet Blockchains, and canister smart contracts to ensure security, scalability, and interoperability.
How to Buy Internet Computer (ICP) with TRY?
For investors in Turkey looking to purchase Internet Computer (ICP), Binance TR is the most suitable cryptocurrency exchange. Binance TR allows users to quickly create accounts and buy/sell over 100 cryptocurrencies, including ICP. To buy Internet Computer (ICP) with TRY on Binance TR, follow these steps:
1. How to Open an Account on Binance TR?
Opening an account on Binance TR is a straightforward process. Visit trbinance.com and proceed to the “Create Account” step. Provide the required basic information, including your email address, phone number, name-surname, date of birth, nationality, and Turkish ID number.
2. How to Verify an Account on Binance TR?
Identity verification is a necessary security procedure that must be completed before engaging in cryptocurrency trading. You can perform the verification process either through your phone or the official Binance TR website. Follow these steps:
– On the Binance TR website, hover over the “Profile” option at the top right and select “Identity Verification and Limits” from the drop-down menu. Click on the “Verify” option.
– Scan the QR code that appears using your mobile phone camera. If you cannot scan the QR code, click on the “Copy URL” option to receive the verification address via SMS.
– Once you access the verification address on your mobile phone, tap on the “Identity” option and select the document type that suits you best.
– Take clear photos of the front and back sides of your ID card or driver’s license. Ensure that the information is easily readable.
– Complete the verification process by scanning your face using your mobile phone’s front camera.
3. How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account from various banks, including Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. For other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed during EFT hours. Follow these steps:
– Visit trbinance.com and hover over the “Wallet” option at the top left of the homepage. Select the “Deposit” option from the drop-down menu.
– Choose your preferred bank from the provided options. If your bank is not integrated with Binance TR, select the “Other Banks” option.
– Follow the instructions provided for your selected bank to complete the transfer process via transfer, EFT, or FAST.
– Once your bank confirms the transfer, the funds will automatically reflect in your Binance TR account wallet.
4. How to Buy ICP Coin with TL on Binance TR?
After completing the deposit process, you can proceed to buy ICP coin with TL. Click on the “Buy-Sell” option in the top left menu on the Binance TR website. Follow these steps:
– On the resulting page, use the search section to type “ICP” and select the ICP/TRY option.
– The ICP trading page will open. Enter the desired price and quantity of ICP in the provided boxes and click the “Buy ICP” button to complete your purchase.
What is Binance TR?
Binance TR is the Turkish version of Binance, the world’s largest cryptocurrency exchange. Launched in 2020, Binance TR provides a platform specifically designed for cryptocurrency investors in Turkey. It leverages Binance’s technology, security measures, and liquidity to offer fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can conveniently deposit and withdraw Turkish lira (TRY) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR. Binance TR ensures market-leading spot trading liquidity, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions.
Disclaimer: The information provided in this article does not constitute investment advice. Investors should be aware of the high volatility and risks associated with cryptocurrencies and conduct thorough research before making any investment decisions.
