Jupiter (JUP) is a decentralized finance (DeFi) protocol operating on the Solana Blockchain. Jupiter serves as the world’s most popular decentralized exchange (DEX) aggregator by offering efficient liquidity aggregation services for token swaps, perpetual futures, and decentralized stablecoins. In this article, you can find answers to two frequently asked questions: What is Jupiter (JUP), and how to buy Jupiter (JUP) with TRY.
What is Jupiter (JUP)?
Jupiter is a DeFi protocol known for its liquidity aggregation services on the Solana Blockchain, facilitating seamless token swaps, perpetual futures trading, and soon launching its own decentralized stablecoin. Initially focused on token liquidity aggregation, Jupiter has expanded its offerings to include perpetual futures trading to meet the diverse financial needs within the DeFi ecosystem.
Jupiter operates as a liquidity aggregator that combines resources from various sources to facilitate efficient and effective token swaps. By directing orders to multiple Solana-based DEXs, Jupiter ensures users get the best available prices during trading. Its innovative bridge comparator tool enables seamless cross-chain transactions, enhancing trading strategies and minimizing transaction costs for users.
Jupiter’s versatility and popularity stem from its ability to aggregate liquidity from multiple DEXs, offering users optimal trading opportunities and deep liquidity pools. The bridge comparison tool facilitates efficient cross-chain transactions, while its user-friendly interface and low fees contribute to its growing user base.
At the core of the Jupiter ecosystem is the DEX aggregator feature, which aggregates liquidity from various DEXs on the Solana Blockchain. JUP coin serves as a governance token, empowering community members to participate in platform decisions and initiatives. Jupiter’s close alignment with the Solana Blockchain further enhances its features and user experience.
How to Buy Jupiter (JUP) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Jupiter (JUP). Over 100 cryptocurrencies, including JUP, can be bought and sold on Binance TR, where accounts can be created quickly. Follow the steps below to buy Jupiter (JUP) with TRY on Binance TR.
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 correctly, 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 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 Binance TR’s official website. Note that you will need your mobile phone to perform identity verification 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 and continue.
After selecting the document type, tap on the “Upload front side” option to continue. 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 the images are clear and the information in the photos you take 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. Once 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 TL 24/7 and make uninterrupted transactions from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. For other banks, you can deposit up to 50,000 TL 24/7 via 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 the “Wallet” option at the top left of the homepage on trbinance.com 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 does not yet have Binance TR integration, 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 use the information displayed 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 JUP Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of buying JUP 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 page below will open. By typing “JUP” in the search section on the right side of this page, you can go to the JUP purchase page by clicking on the JUP/TRY option from the results.
Now the JUP trading page below will open. On this page, you need to enter the price at which you want to buy JUP in the first box marked with a red box and the number of JUP you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy JUP” 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 by Binance’s core functions, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls through Binance TR.
