Aptos (APT), launched by Avery Ching and Mo Shaikh in October 2022, is a Layer-1 Blockchain offering high transaction volume and security using the Move programming language and AptosBFT consensus mechanism. Developed by Meta’s Diem team, the Move language enables parallel transaction execution, achieving 160,000 transactions per second. APT coin is used to pay transaction and network fees, incentivize validators, and participate in on-chain governance. In this article, you can find answers to two frequently asked questions: What is Aptos (APT) and how to buy Aptos (APT) with TRY.
What is Aptos (APT)?
Launched in October 2022 by Avery Ching and Mo Shaikh, Aptos is a Layer-1 Blockchain designed for scalability, security, and reliability. It stands out by uniquely using the AptosBFT consensus mechanism supported by the Move smart contract programming language. This technology enables Aptos to efficiently and securely handle high-volume transactions.
Aptos differentiates itself from other Blockchains by using the Move programming language developed by Meta’s Diem team. This allows for parallel transaction execution through the Block-STM engine, significantly increasing transaction efficiency. The network can perform 160,000 transactions per second (tps), a significant improvement compared to traditional Blockchain architectures.
Aptos uses a modular design for transaction processing, achieving both high throughput and low latency. The modular structure covers several critical components: smart contract execution, consensus mechanism, parallel transaction processing, client interfaces, and validator management. This design provides flexibility and robustness, meeting users’ dynamic needs.
Aptos’ consensus mechanism, known as AptosBFT, combines Byzantine Fault Tolerance (BFT) and Proof of Stake (PoS) elements. Derived from LibraBFT developed by Meta, this mechanism enhances scalability and speed. Validators process transactions in batches, and clients can send transactions and verify proofs. Staking is central to the consensus process, requiring at least 1 million coins to participate, adding a layer of trust and security.
Aptos boasts impressive performance metrics. It achieves a transaction speed of 160,000 tps with a block finality time of less than one second. The network has produced over 100 million blocks with a transaction speed of five seconds per block. Transaction costs on Aptos are also quite low. A typical money transfer costs about 0.00055 APT, and DeFi transactions cost 0.005 APT, resulting in transaction costs of less than $0.01.
The mainnet asset of Aptos, APT, serves multiple purposes within the network. It is used to pay transaction and network fees and incentivize validator nodes. To become a validator, one must hold at least 1 million APT coins. Additionally, APT holders can participate in on-chain governance by voting on network upgrades and other important matters.
How to Buy Aptos (APT) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Aptos (APT). On Binance TR, where accounts can be quickly created, over 100 cryptocurrencies, including APT, can be bought and sold. To buy Aptos (APT) 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. 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 email address, phone number, name-surname, 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, 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 the official Binance TR website. Note that you will also need your phone to verify your identity on the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on the “Identity Verification and Limits” option 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 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, 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 side of the document according to the selected document type, tap on the “Upload Back” option and take a photo of the back side of the document and upload it. Ensure that the images are clear and the information in the photos 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 shortly.
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 from other banks can be made 24/7 up to 50,000 TL via FAST. Deposits over 50,000 TL from other banks are made during EFT hours.
To deposit money into your Binance TR account, first go to trbinance.com, 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 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 transfer via wire transfer, EFT, or FAST. All you need to do is use the information shown on the bank’s page to transfer the amount you want to deposit into your Binance TR account via wire 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 APT Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to APT 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. By typing “APT” in the search section on the right side of this page and clicking on the APT/TRY option from the results, you can go to the TL to SUI purchase page.
Now the APT trading page below will open. In the red-marked area on this page, you need to enter the price at which you want to buy APT in the first box and the number of APT you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy APT” 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) through bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities through Binance TR.
