Enjin Coin (ENJ) is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. In this article, you can find answers to two frequently asked questions: What is Enjin Coin (ENJ) and how to buy Enjin Coin (ENJ) with TRY.
What is Enjin Coin (ENJ)?
Enjin Coin is a protocol aiming to create and manage virtual goods using Blockchain technology on the Ethereum Blockchain. Enjin Coin provides developers with tools to seamlessly create and integrate digital assets, addressing long-standing issues of high fees and fraud in the transfer of in-game items and collectibles.
Enjin Coin offers software development kits (SDKs) that allow developers to create and manage digital assets on the Ethereum Blockchain. These SDKs enable developers to mint customizable assets and register them on smart contracts, leveraging the advantages of cryptocurrency such as speed, cost-effectiveness, and security.
At the heart of the ecosystem is the ENJ coin, the main network asset. Every in-game item created on the Enjin Coin platform is assigned a value in ENJ coin, providing a unified currency for transactions within the gaming ecosystem.
The primary use of Enjin Coin is to allow users to manage and store virtual goods for games. These products can range from in-game currencies to tokens representing unique game items. Enjin Coin facilitates the creation, exchange, and destruction of these items through a streamlined process.
Enjin Coin offers a native smart wallet that serves as a central hub for users to store and trade their digital assets. The wallet allows users to value their inventory across multiple games, trade with other users, and sell their digital products for ENJ coin, enhancing accessibility and liquidity within the Enjin Coin ecosystem.
How to Buy Enjin Coin (ENJ) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Enjin Coin (ENJ). On Binance TR, where you can quickly create an account, more than 100 cryptocurrencies, including ENJ, can be bought and sold. Follow these steps to buy Enjin Coin (ENJ) 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 continue 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 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 choose to complete the verification process from your phone or the official Binance TR website. Note that you will also 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, first tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, you can continue by tapping on the “Upload front side” option. After taking a photo of the front side of the document according to the document type 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 the information in the photos you take can be easily read when taking photos of the front and back sides of your ID card or driver’s license.
Then you can 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. After 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 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 the bank you prefer. If the bank you prefer 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 page of the bank you chose.
After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ENJ Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to ENJ 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 page below will open. By typing “ENJ” in the search section on the right side of this page and clicking on the ENJ/TRY option from the results, you can go to the TL to ENJ purchase page.
Now the ENJ trading page below will open. In this page, in the area marked with a red box, you need to enter the price at which you want to buy ENJ in the first box and the number of ENJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ENJ” 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 offers both fiat-to-crypto and crypto-to-crypto trading services by leveraging Binance’s technology, security measures, and liquidity provided through the Binance Cloud infrastructure. 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 are supported with Binance’s core functionalities, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
