Magic (MAGIC) is a Blockchain network serving as the lifeline of gaming communities on the Treasure Metaverse platform. This article answers two frequently asked questions: What is Magic (MAGIC) and how to buy Magic (MAGIC) with TRY.
What is Magic (MAGIC)?
Magic is more than just a coin; it acts as a bridge connecting gaming enthusiasts on the Treasure Metaverse platform. Developed by the platform’s founders John Patten, Gaarp, and Karel Vuong, Magic serves as the official currency within the Treasure Metaverse ecosystem. The main purpose of Magic is to facilitate the trading of in-game NFTs in the platform’s marketplace, Trove. Launched in September 2021, Magic operates as an ERC-20 token on the Ethereum network.
Operating on the Ethereum network, Magic leverages smart contracts to facilitate transactions securely and efficiently. As players use the Treasure Metaverse platform and join active gaming communities, the supply of MAGIC coins adjusts dynamically. With no fixed supply, the number of MAGIC coins decreases as more players join the platform. Additionally, users who stake MAGIC coins can participate in the governance decisions of the Treasure Metaverse platform.
Storing MAGIC coins is simple and secure. As an ERC-20 coin, MAGIC can be stored in any Ethereum-compatible wallet that supports ERC-20 tokens. Popular options include MetaMask, MyEtherWallet, and Ledger Nano S. By storing MAGIC coins in a private wallet, users have full control over their funds and can access them whenever needed.
How to Buy Magic (MAGIC) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Magic (MAGIC). You can buy and sell over 100 cryptocurrencies, including MAGIC, quickly by creating an account on Binance TR. Follow the steps below to buy Magic (MAGIC) with TRY on Binance TR.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. To do this, go to trbinance.com and continue 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 accurately, 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 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 in the top right, click on “Identity Verification and Limits” from the drop-down menu, and then click “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, you can click “Copy URL” 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 appear. To continue the verification process, first select the document type that suits you.
After selecting the document type, continue by tapping the “Upload Front” option. After taking a photo of the front side of the document according to the document type you selected, tap 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 the “Selfie” option. 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.
Once you have completed all these steps accurately and correctly, 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 and trade 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts. Deposits from other banks can be made 24/7 up to 50,000 TL 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 trbinance.com, hover over the “Wallet” option in the top left corner 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 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 displayed 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, the funds you sent will automatically be reflected in your Binance TR account wallet.
How to Buy MAGIC Coin with TL on Binance TR?
After the deposit process, you can proceed to buy MAGIC coins with TL by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking this option, the following page will open. On the right side of this page, type “MAGIC” in the search box and click on the MAGIC/TRY option from the results to go to the MAGIC purchase page with TL.
Now the MAGIC trading page will open as shown below. In the area marked with a red box on this page, you need to enter the price at which you want to buy MAGIC in the first box and the number of MAGIC you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy MAGIC” 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 the 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 are supported by Binance’s core functionalities with Binance TR, gaining access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
