Metal (MTL) is a Blockchain project focused on simplifying cryptocurrencies and making them more accessible to the general public. Led by CEO Marshall Hayner, Metal offers a payment application and platform that rewards users for transactions involving both fiat and cryptocurrencies. In this article, you can find answers to two frequently asked questions: What is Metal (MTL) and how to buy Metal (MTL) with TRY.
What is Metal (MTL)?
Metal is a Blockchain project designed to simplify the use of cryptocurrencies and make them more user-friendly for everyday transactions. Through its payment application and platform, Metal aims to encourage users to interact with cryptocurrencies by offering rewards for transactions involving both fiat and cryptocurrencies.
Metal offers three main applications to assist novice cryptocurrency users: Metal Vault, Metal Pay, and Crumbs. These applications provide easy-to-use interfaces and features to help users start using cryptocurrencies.
Metal’s Blockchain uses a unique consensus mechanism called Proof of Processed Payment (PoPP). This mechanism rewards users with MTL coin for transactions made using the Metal Pay application. Users can earn up to 5% in MTL coins for transactions such as sending, receiving, and spending money through the application.
PoPP is an innovative incentive system embedded in Metal’s Blockchain. Users are rewarded with MTL coins when they convert fiat to cryptocurrency or vice versa using the Metal Pay application, or when they use the application to send and receive money. This encourages user participation and adoption of the Metal ecosystem.
Metal’s mission is to simplify cryptocurrencies and make them accessible to everyone. By offering rewards for everyday transactions and providing user-friendly applications, Metal aims to eliminate entry barriers to cryptocurrency adoption and promote mainstream usage.
Metal’s CEO, Marshall Hayner, is an entrepreneur with significant experience in the cryptocurrency sector. His leadership and vision have been instrumental in shaping Metal’s future and continuing its mission to make cryptocurrencies more accessible to the masses.
How to Buy Metal (MTL) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Metal (MTL). Over 100 cryptocurrencies, including MTL, can be bought and sold on Binance TR, where accounts can be quickly created. To buy Metal (MTL) with TRY on Binance TR, follow these steps.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. To do this, go to trbinance.com and continue from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, email/SMS verification will be done to confirm the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify an Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be completed before starting cryptocurrency trading 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 through Binance TR’s official website. Note that you will need your mobile phone to verify your identity on the website as well.
On the Binance TR website, hover over the “Profile” option at the top right and click on “Identity Verification and Limits” from the drop-down menu, 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, you can click on the “Copy URL” option to send the identity verification address 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, continue by tapping on the “Identity” option first.
Then a screen like the one below will open. To continue the verification process, first select the document type that suits you best.
After selecting the document type, continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document you selected, tap on the “Upload back side” option and take a photo of the back side of the document. Make sure the images are clear and the information in the photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then continue by tapping on the “Selfie” option. 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 correctly, 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 from all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, Türkiye Finans accounts. Deposits up to 50,000 TL can be made 24/7 with FAST from other banks. Deposits over 50,000 TL from other banks are processed during EFT hours.
To deposit money into your Binance TR account, first, go to trbinance.com and hover over the “Wallet” option at the top left of the homepage 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 the bank of your choice from this page. If the bank of your choice is not yet integrated with Binance TR, you should continue by clicking 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 click on the Vakıfbank option, you will see an account name and IBAN address where you can make a transfer, EFT, or FAST to that bank. Now, all you need to do is use the information shown on the page of the bank you selected to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy MTL Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to MTL coin purchase step by clicking on the “Buy-Sell” option in the top left menu on the Binance TR website.
After clicking on this option, the page below will open. On this page, type “MTL” in the search section on the right side and click on the MTL/TRY option from the results to go to the TL to MTL purchase page.
Now the MTL trading page below will open. On this page, in the red-marked area, you need to enter the price at which you want to buy MTL in the first box and the number of MTL you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy MTL” 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 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) through direct bank channels and trade various cryptocurrencies with TRY trading pairs via Binance TR.
Users can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functionalities through Binance TR.
