Ark (ARK), designed for both Blockchain enthusiasts and large corporations, is an eco-friendly Layer 1 Blockchain protocol. The Delegated Proof of Stake (DPoS) consensus mechanism ensures democratic and efficient transaction validation. Its modular codebase and customizable transaction logic allow businesses and developers to use Blockchain flexibly and easily. In this article, you will find answers to two frequently asked questions: what is Ark (ARK) and how to buy Ark (ARK) with TRY.
What is Ark (ARK)?
Ark is a Layer 1 Blockchain protocol designed to meet the diverse needs of both Blockchain enthusiasts and large corporations. At its core is the eco-friendly Delegated Proof of Stake (DPoS) consensus mechanism, offering a more sustainable alternative to traditional proof-of-work systems. This consensus mechanism involves a specific number of validators selected by stakeholders, providing a democratic and efficient process for transaction validation.
One of Ark’s standout features is its modular codebase. This modularity allows developers to easily customize and extend the functionality of the Blockchain. By adopting a plug-and-play approach, Ark enables the creation of custom Blockchain solutions without the need to build from scratch. This flexibility is particularly beneficial for businesses looking to implement Blockchain technology without significant revisions to their existing systems.
Customizable transaction logic is another key feature of the Ark network. This allows developers to define specific rules and conditions for transactions, meeting the unique requirements of different use cases. Whether for financial services, supply chain management, or digital identity verification, Ark’s customizable logic enables the Blockchain to be tailored to various industry needs.
Ark operates on ARK-Core, a decentralized network maintained by a group of validators. These validators are crucial for the network’s integrity as they validate transactions and protect the Blockchain. The decentralized nature of ARK-Core ensures that no single entity has control over the network, promoting security and trust among users.
At the heart of the Ark network is the ARK token, which facilitates transactions and serves as a medium of value exchange within the ecosystem. Stakeholders can vote for validators, playing a crucial role in maintaining the Blockchain. This community participation in governance ensures that the network remains transparent and democratic.
How to Buy Ark (ARK) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Ark (ARK). Binance TR allows the buying and selling of over 100 cryptocurrencies, including ARK, with a quickly created account. Follow these steps to buy Ark (ARK) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. 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 email address, phone number, name-surname, date of birth, nationality, and T.C. identity number.
After entering the requested information completely and correctly, an 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 the official Binance TR website. 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 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 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.
After selecting the document type, you can continue by tapping the “Upload front side” option. After taking a photo of the front side of the document according to the document type you selected, tap the “Upload back side” option and take a photo of the back side of the document and upload it. Make sure 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 you can continue by tapping the “Selfie” option. At this point, your phone’s front camera will open, and you will need to scan your face. Make sure your face fills the camera area as much as possible after the camera opens.
After completing all these steps correctly 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 and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. 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.
To deposit money into your Binance TR account, first go to trbinance.com, 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 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 shown on the page of your preferred bank.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ARK Coin with TL on Binance TR?
After the deposit process, you can proceed to the ARK coin purchase step 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 “ARK” and click on the ARK/TRY option from the results to go to the ARK purchase page with TL.
Now the following ARK trading page will open. On this page, in the area marked with a red box, you need to enter the price at which you want to buy ARK in the first box and the number of ARK you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ARK” 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 supported by Binance’s core functions through Binance TR gain access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls.
