Arpa Network (ARPA) is a Blockchain-based Layer-2 protocol that enhances data privacy using Multi-Party Computation (MPC) technology. When placed on a Layer-1 network, it ensures secure collaboration among participants by keeping data confidential and offers a decentralized and secure alternative to traditional data analysis methods. This protocol provides high scalability and performance with robust security measures, making it an ideal solution for large-scale applications. In this article, you can find answers to two frequently asked questions: What is Arpa Network (ARPA), and how to buy Arpa Network (ARPA) with TRY.
What is Arpa Network (ARPA)?
Arpa Network is a state-of-the-art Blockchain-based Layer-2 protocol designed to enhance the privacy and security of data analysis processes. By leveraging Multi-Party Computation (MPC), Arpa Network allows sensitive data to be securely shared and analyzed without compromising privacy. This innovative approach is particularly valuable in environments where data privacy is crucial, such as healthcare, finance, and any sector handling sensitive information.
When Arpa Network is placed on a Layer-1 network, it facilitates the collaboration of multiple parties in a way that keeps data confidential and secure throughout the process. MPC technology enables various participants to jointly compute a function over their inputs while keeping those inputs private. This means that sensitive data can be used to generate valuable insights and perform necessary computations without ever revealing the actual data to any of the involved parties.
The importance of the protocol’s technology lies in its ability to protect data integrity and privacy in an increasingly interconnected world. Traditional data analysis methods often require data centralization, which can lead to potential privacy breaches. In contrast, Arpa Network’s decentralized approach ensures that data remains distributed and secure, reducing the risk of unauthorized access or data leaks.
Moreover, the Layer-2 solution offered by Arpa Network is designed to be highly scalable, providing robust security measures without compromising performance. This makes it an attractive option for large-scale applications that require both high throughput and stringent privacy controls. As a Layer-2 protocol, Arpa Network can seamlessly interact with existing Blockchain networks, enhancing their capabilities without requiring significant changes to their underlying architectures.
How to Buy Arpa Network (ARPA) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Arpa Network (ARPA). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including ARPA, can be traded. To buy Arpa Network (ARPA) with TRY on Binance TR, you can 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 creating an account, you will be asked to enter basic information such as your email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and accurately, an 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 need to 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 either from your phone or through Binance TR’s official website. Note that you will need your mobile phone to perform identity verification from the website as well.
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, you can 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 open. To continue the verification process, first select the document type that suits you best.
After selecting the document type, tap on the “Upload front side” option to continue. 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 and upload it. Make sure that the images are clear and that 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 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. Make sure that your face fills the camera area as much as possible after the camera opens.
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 from all banks. You can deposit TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits of 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, then 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 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 transfer the amount you want to deposit into your Binance TR account using the information displayed on the bank’s page.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ARPA Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to ARPA coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. By typing “ARPA” in the search section on the right side of this page and clicking on the ARPA/TRY option from the results, you can go to the TL to ARPA purchase page.
Now the following ARPA trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy ARPA in the first box and the number of ARPA you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ARPA” 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) directly through bank channels and trade various cryptocurrencies with TRY pairs through 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.
