Ocean Protocol (OCEAN) is a Blockchain-based platform that empowers secure and transparent data exchange. Ocean Protocol stands out by offering a decentralized marketplace for data assets and services, enabling individuals and organizations to exchange data securely and transparently. In this article, you can find answers to two questions: What is Ocean Protocol (OCEAN) and how to buy Ocean Protocol (OCEAN) with TRY.
What is Ocean Protocol (OCEAN)?
Ocean Protocol is a decentralized protocol built on the Ethereum Blockchain designed to solve issues related to data sharing and monetization. The protocol allows data owners, publishers, and consumers to interact in a secure and transparent marketplace where data assets are tokenized as ‘datatokens’ and traded seamlessly.
Ocean Protocol consists of three main components: data publishers, data consumers, and the Ocean Market. Data publishers convert their data into NFTs and offer them for sale on the Ocean Market. Data consumers use DataTokens to access and purchase data sets from the marketplace. The Ocean Market facilitates the exchange of data assets by serving as a platform for interaction between data publishers and consumers.
Ocean Protocol offers several unique features that set it apart in the data-sharing environment. These include:
- Web3 Development: Ocean Protocol contributes to the development of Web3, a decentralized internet network.
OCEAN Marketplace: A decentralized exchange (DEX) for data allows data providers to sell and grant access to their data sets. - Data Tokenization: Data tokenization transforms data sets into Ethereum ERC-20 tokens, enabling clients to access and trade data assets.
- Collaboration: Ocean Protocol collaborates with organizations and countries, such as Gaia-X and BMW, to increase network adoption.
Ocean Protocol offers a balanced approach to data commercialization and privacy protection. Its products, including the data ecosystem platform and data marketplace, provide users with tools to securely upload, store, control access to, and monetize their data. However, limitations include dependency on the Ethereum network, which restricts usage for users on other networks, and inherent scalability issues of the Ethereum Blockchain.
How to Buy Ocean Protocol (OCEAN) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Ocean Protocol (OCEAN). Binance TR allows the trading of over 100 cryptocurrencies, including OCEAN, with quick account creation. Follow these steps to buy Ocean Protocol (OCEAN) 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 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 Turkish ID number.
After entering the requested information completely and accurately, 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 Your 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 complete the verification process either from your phone or through the official Binance TR website. Note that you will need your phone even if you choose to verify through the website.
On the Binance TR website, hover over the “Profile” option at the top right, click on “Identity Verification and Limits” from the dropdown 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, click “Copy URL” 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. First, tap on the “Identity” option to continue.
Then a screen like the one below will appear. To continue with the verification process, first select the document type that is suitable for you.
After selecting the document type, tap on “Upload Front Side” to continue. After taking a photo of the front side of the document according to the document type you selected, tap on “Upload Back Side” 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 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. Ensure that your face fills the camera area as much as possible once the camera opens.
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 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 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 and hover over the “Wallet” option at the top left of the homepage, then click on the “Deposit” option from the dropdown menu.
Then a page like the one below will open, and you can continue the deposit process by selecting your preferred bank. 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. All you need to do now is to transfer the amount you want to deposit into your Binance TR account using the information shown on the page of your preferred bank.
Once your bank completes the transfer, the funds you sent will automatically reflect in your Binance TR account wallet.
How to Buy OCEAN Coin with TL on Binance TR?
After depositing money, you can proceed to the step of buying OCEAN 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. By typing “OCEAN” in the search section on the right side of this page, you can go to the OCEAN purchase page by clicking on the OCEAN/TRY option from the results.
Now the following OCEAN trading page will open. On this page, you need to enter the price at which you want to buy OCEAN in the first box marked with a red box and the number of OCEAN you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy OCEAN” 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 deposit and withdraw Turkish lira (TRY) seamlessly through direct banking 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 through Binance TR, supported by Binance’s core functions.
