1000Sats (Ordinals) is a BRC-20 memecoin operating on the Bitcoin Blockchain, aiming to attract community interest and investors using internet culture and humor. This token leverages the security and stability of the Bitcoin Blockchain to provide transparency and reliability but faces risks such as high volatility and speculative trading. The future success of 1000Sats depends on community support and market trends. In this article, you can find answers to two frequently asked questions: what is 1000SATS (Ordinals) and how to buy 1000SATS (Ordinals) with TRY.
What is 1000Sats (Ordinals)?
1000Sats is a BRC-20 memecoin operating on the Bitcoin Blockchain. This emerging cryptocurrency aims to add a fun and speculative element to the crypto market while leveraging the robust and secure Bitcoin network. As a memecoin, 1000Sats uses internet culture and humor to attract community interest and investors.
1000Sats is designed as a fun, community-focused token within the BRC-20 standard, similar to the ERC-20 standard on Ethereum. The token aims to provide a light-hearted entry point into the crypto world for those enthusiastic about Bitcoin and who enjoy the meme culture surrounding cryptocurrencies.
The 1000Sats token utilizes the security and stability of the Bitcoin Blockchain. Transactions and assets of 1000Sats are recorded on Bitcoin’s distributed ledger, ensuring transparency and reliability. The token’s name, “1000Sats,” is derived from “satoshis,” the smallest unit of Bitcoin, emphasizing its connection to the first and largest cryptocurrency.
One of the main advantages of 1000Sats is its integration with the Bitcoin Blockchain, providing unique security and decentralization. Additionally, as a memecoin, it leverages the viral potential of internet memes to ensure community engagement and widespread adoption. The simplicity and familiarity of Bitcoin also make it an attractive option for new investors.
Despite its advantages, 1000Sats faces various risks and challenges. Memecoins are often subject to high volatility and speculative trading, leading to significant price fluctuations. Moreover, the novelty and humor associated with memecoins may not appeal to all investors, potentially limiting market reach. It is crucial for potential investors to conduct thorough research and understand the associated risks.
How to Buy 1000Sats (Ordinals) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy 1000SATS (Ordinals). On Binance TR, where an account can be quickly created, over 100 cryptocurrencies, including 1000SATS, can be bought and sold. To purchase 1000SATS (Ordinals) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed from the “Create Account” step. In the first step of account creation, you will be asked to enter basic information such as your email address, phone number, full name, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, email/SMS verification will be done to confirm the information. After completing this process, 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 one of the security procedures that must be completed before starting to trade cryptocurrencies and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. You can perform the verification process from your phone or the official Binance TR website according to your preference. Note that you will need your mobile phone to verify your identity from the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click on “Verify.” After this step, you will need to scan the QR code that appears with your phone’s camera and continue the process on your phone. If you cannot scan the QR code, click on the “Copy URL” option to have the identity verification address sent to your phone via SMS.
When you enter the address on your phone or scan the QR code, a screen like the one below will open on your phone. From here, first, tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that suits you.
After selecting the document type, tap on the “Upload Front” option to continue. After taking a photo of the front of the document according to the selected document type, tap on the “Upload Back” option and take a photo of the back of the document and upload it. When taking photos of the front and back of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
Then tap on the “Selfie” option to continue. At this point, your phone’s front camera will open, and you will need to scan your face. Once the camera opens, make sure your face fills the camera area as much as possible.
After completing all these steps accurately and completely, your identity verification process will be completed in a short time.
How to Deposit TL on Binance TR?
You can easily deposit TL into your Binance TR account through all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 via FAST. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address, hover over the “Wallet” option at the top left of the main page, and click on the “Deposit” option from the drop-down menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank from this page. If your preferred bank is not yet integrated with Binance TR, you should click on the “Other Banks” option to continue.
In this example, we will continue using Vakıfbank, but the process is the same for all other banks. When you click on the Vakıfbank option, you will see an account name and IBAN address where you can transfer money via wire transfer, EFT, or FAST. Now all you need to do is use the information displayed on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via wire transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically reflect in your Binance TR account wallet.
How to Buy 1000SATS Coin with TL on Binance TR?
After the deposit process, you can proceed to buy 1000SATS 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 following page will open. In the search section on the right side of this page, type “1000SATS” and click on the 1000SATS/TRY option from the results to go to the 1000SATS purchase page with TL.
Now the following 1000SATS trading page will open. In the red-marked area on this page, you need to enter the price at which you want to buy 1000SATS in the first box and the number of 1000SATS you want to buy in the second box. After entering the amount, you can complete your purchase by clicking on the “Buy 1000SATS” button.
What is Binance TR?
Binance, the world’s largest cryptocurrency exchange by trading volume, officially launched its platform Binance TR for cryptocurrency investors in Turkey in 2020. The cryptocurrency exchange, headquartered in Istanbul, can be accessed at trbinance.com.
Binance TR leverages Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure to offer both fiat-to-crypto and crypto-to-crypto trading services. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users supported by Binance’s core functions gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
