Harmony (ONE), with its scalable infrastructure and forward-thinking initiatives, showcases the spirit of innovation by advancing the evolution of decentralized finance (DeFi). The platform continues to push boundaries and overcome obstacles, crowning this spirit. In this article, you can find answers to two frequently asked questions: What is Harmony (ONE) and how to buy Harmony (ONE) with TRY.
What is Harmony (ONE)?
Harmony stands out as a beacon of innovation in the dynamic world of DeFi by offering a cross-Blockchain solution ready to redefine the industry’s landscape. With its committed focus on scalability, reliability, and accessibility, Harmony aims to revolutionize DeFi and unlock endless possibilities for billions of people worldwide.
At its core, Harmony is a Layer 2 Ethereum Blockchain network designed to simplify application development. Unlike other Blockchain networks competing for supremacy, Harmony collaborates with Ethereum, leveraging its strengths to create a seamless experience for both developers and users.
Harmony’s novel approach to scalability lies in dividing the Blockchain into parallel shards, enhancing speed, reliability, and cost-effectiveness. Transactions on Harmony are lightning-fast and cost significantly less than traditional systems, making it an ideal network for DeFi transactions.
At the heart of Harmony’s ecosystem is the versatile currency ONE coin, which supports transactions, governance, and staking. Through a Proof of Stake (PoS) consensus mechanism, ONE coin holders participate in network governance and can earn passive income by staking their coins.
Harmony’s commitment to innovation extends beyond its scalable infrastructure. The protocol leads three major initiatives aimed at disrupting the DeFi world:
- Non-Custodial Private Wallet: Harmony pioneers a non-custodial wallet solution prioritizing security and accessibility. With two-factor authentication, users can securely access their assets, paving the way for mainstream adoption.
- Stablecoins and DeFi Protocol: Harmony aims to offer a DeFi protocol providing stablecoin holders with a lucrative annual interest rate reminiscent of Terra’s successful Anchor protocol.
- Bitcoin Cross-Blockchain Platform: Addressing a long-standing challenge in DeFi, Harmony aims to establish a cross-Blockchain platform facilitating rapid transfers between different protocols, bridging the gap between traditional and DeFi.
How to Buy Harmony (ONE) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Harmony (ONE). On Binance TR, where an account can be quickly created, over 100 cryptocurrencies, including ONE, can be bought and sold. To buy Harmony (ONE) 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. You need to go to the trbinance.com address 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 Turkish ID number.
After entering the requested information completely and accurately, an email/SMS verification will be done to confirm and verify the information. After completing this process, you will proceed to the second step, identity verification (KYC).
How to Verify Your Account on Binance TR?
Identity verification on Binance TR is one of the security procedures that must be carried out before starting cryptocurrency trading and during account creation. This process is also necessary to protect both the user and the cryptocurrency exchange. Depending on your preference, you can complete 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.
On the Binance TR website, hover over the “Profile” option at the top right, continue by clicking 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 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, continue by first tapping on the “Identity” option.
Then a screen like the one below will appear. To continue with 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 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. When taking photos of the front and back sides of your ID card or driver’s license, make sure the images are clear and the information in the photo is easily readable.
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. After the camera opens, make sure your face fills the camera area as much as possible.
Once you have completed 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 to your Binance TR account from all banks. You can deposit and transact 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. From other banks, you can deposit up to 50,000 TL 24/7 with FAST. Deposits over 50,000 TL from other banks are processed within EFT hours.
To deposit money into your Binance TR account, first go to the trbinance.com address, 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 make a transfer, EFT, or FAST to that bank. All you need to do is use the information shown on the page of your preferred bank to transfer the amount you want to deposit into your Binance TR account via transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy ONE Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to ONE 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 following page will open. On this page, type “ONE” in the search section on the right side and click on the ONE/TRY option from the results to go to the TL to ONE purchase page.
Now the following ONE 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 ONE in the first box and the number of ONE you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ONE” 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 trading services from fiat to crypto and crypto to crypto. Users in Turkey can seamlessly deposit and withdraw Turkish lira (TRY) directly through bank channels via Binance TR and trade various cryptocurrencies with TRY trading pairs.
With Binance TR, users have access to market-leading spot trading liquidity, a robust matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.
