Internet Computer (ICP) is a groundbreaking Blockchain network aiming to improve computing, data storage, and Web3 services. In this article, you can find answers to two frequently asked questions: What is Internet Computer (ICP) and how to buy Internet Computer (ICP) with TRY.
What is Internet Computer (ICP)?
Internet Computer is a Blockchain network designed to bring more efficiency, speed, and decentralization to computing and data storage, revolutionizing the traditional internet. Unlike traditional internet infrastructure, Internet Computer operates on a decentralized network of special hardware set up by independent parties, allowing users to easily and efficiently create decentralized applications (dApps).
Internet Computer offers several key features that set it apart from other Blockchain networks. These features are as follows:
- Decentralized Application (dApp) Development: Internet Computer provides a simplified user interface that allows anyone to create decentralized applications on the Blockchain platform, facilitating the widespread adoption of Web3 services.
- Decentralized Network Infrastructure: Unlike centralized cloud computing services, Internet Computer operates on a decentralized network with special hardware set up by independent node providers worldwide. This decentralized architecture enhances security, reliability, and resistance to censorship.
- Fast Transactions: Internet Computer Blockchain transactions are executed quickly, distinguishing it from other cryptocurrency projects where transactions can take 30 minutes or longer to complete. This speed ensures smooth user experiences and efficient data processing.
Internet Computer serves as a powerful enabler of Web3 platforms, allowing developers to create decentralized social networks, financial services, and other Web3 applications. Developers can leverage the Internet Computer Blockchain to address privacy issues inherent in traditional social networks and enable users to have control over their data and digital identities.
Internet Computer aims to act as a “world computer” capable of hosting even the most demanding Web3 services without relying on traditional IT infrastructure such as cloud computing services and web servers. Developers create services using smart contract software called “canisters” that interact seamlessly with the web and other Blockchains.
The main network asset of Internet Computer is ICP, which serves multiple purposes within the ecosystem. ICP coins facilitate network governance, reward computing nodes, and incentivize participants for their involvement in the ecosystem. Users can stake ICP coins in the Network Nervous System (NNS) DAO to create voting neurons and participate in governance decisions.
Internet Computer operates on a sovereign network of special “node machines” connected through its protocol. These node machines form the Internet Computer Blockchain, which acts as a public World Computer capable of hosting decentralized applications. The Blockchain includes chain key cryptography, subnet Blockchains, and canister smart contracts to ensure security, scalability, and interoperability.
How to Buy Internet Computer (ICP) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Internet Computer (ICP). On Binance TR, where accounts can be created quickly, more than 100 cryptocurrencies, including ICP, can be bought and sold. To buy Internet Computer (ICP) 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 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 Turkish ID number.
After entering the requested information completely and accurately, an email/SMS verification will be carried out 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 either from your phone or through the official Binance TR 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, click on the “Identity Verification and Limits” option from the drop-down menu, and then click on the “Verify” option. After this step, you will need to scan the QR code that appears with your mobile phone camera and continue the process on your mobile phone. If you cannot scan the QR code, click on the “Copy URL” option to have the identity verification address sent to your mobile phone via SMS.
When you enter the address on your mobile phone or scan the QR code, a screen like the one below will open on your mobile phone. From here, continue by tapping on the “Identity” option first.
Then a screen like the one below will appear. To continue the verification process, first select the document type that suits you best.
After selecting the document type, continue by tapping on the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap on the “Upload Back” 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 photo is easily readable when taking photos of the front and back sides of your ID card or driver’s license.
Then continue by tapping on the “Selfie” option. At this point, your mobile phone’s front camera will open, and you will need to scan your face. Once the camera is open, 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 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 accounts at Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans. 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 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. Now, 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 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 ICP Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of buying ICP coin 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. From the search section on the right side of this page, type “ICP” and click on the ICP/TRY option from the results to go to the ICP purchase page with TL.
Now the following ICP 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 ICP in the first box and the number of ICP you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy ICP” 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 can access market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls supported by Binance’s core functions through Binance TR.
