Storj (STOJ) is a decentralized and secure cloud storage provider that encrypts and splits data across thousands of nodes. The STORJ token facilitates value transfer within the network, while the Tardigrade tool offers a more cost-effective and secure storage solution compared to major cloud providers. Using the STORJ token provides users with bonus incentives, reducing costs and increasing adoption. In this article, you can find answers to two frequently asked questions: what is Storj (STORJ) and how to buy Storj (STORJ) with TRY.
What is Storj (STORJ)?
Storj is a revolutionary decentralized cloud storage provider that promises advanced security, performance, and cost efficiency. Unlike traditional centralized cloud storage options, Storj uses a globally distributed cloud object storage protocol. This innovative approach encrypts data and splits it into multiple pieces, storing it across a network of thousands of nodes worldwide. This method not only ensures robust data security but also offers significant performance improvements and cost savings.
One of Storj’s standout features is its S3 compatibility, which allows seamless integration with existing tools and systems. This makes it an attractive option for businesses and developers seeking a secure and efficient cloud storage solution. Storj’s decentralized architecture, combined with end-to-end encryption for every file, provides strong defense against cyber attacks, enhances reliability, and boosts download and upload speeds.
Storj is powered by the STORJ token, which facilitates value transfer within the network. This token plays a crucial role in aligning the network’s goals with broader objectives such as immutability, security, and third-party verifiability. By using the STORJ token, users and operators within the network can coordinate more effectively, ensuring the smooth operation of the decentralized storage ecosystem.
The company behind Storj, Storj Labs, also operates Tardigrade, a developer tool designed to outperform major cloud providers like S3, Google, and Microsoft in terms of durability, performance, and security. Tardigrade offers businesses a cost-effective cloud storage solution, saving millions of dollars at a fraction of the cost. Through the Tardigrade Open Source Partner Program, open-source applications that allow users to store data on Tardigrade via connectors can earn a share of the revenue generated by these users.
To encourage the use of the STORJ token, Tardigrade users receive a bonus for every STORJ token investment they make, further reducing cloud storage costs. This incentive encourages more users to adopt the token for transactions, promoting greater adoption and utility within the network. Additionally, any third party operating a Satellite within the Storj ecosystem is required to accept STORJ as a payment method for storage and bandwidth.
How to Buy Storj (STORJ) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey looking to buy Storj (STORJ). On Binance TR, where accounts can be created quickly, over 100 cryptocurrencies, including STORJ, can be bought and sold. To buy Storj (STORJ) with TRY on Binance TR, follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. To do this, you need to go to the trbinance.com address 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 T.C. identity number.
After entering the requested information completely and accurately, an email/SMS verification will be performed 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 performed 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 also 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”. In the next 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 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, 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 suits you.
After selecting the document type, tap on the “Upload Front” option to continue. After taking a photo of the front of the document according to the document type you selected, tap on the “Upload Back” option and take a photo of the back of the document and upload it. Make sure that the images are clear and that the information in the photo you took is easily readable when taking photos of the front and back 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. Make sure that your face fills the camera area as much as possible after the camera opens.
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 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts and perform transactions without interruption. Deposits from other banks can be made 24/7 with FAST up to 50,000 TL. 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 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, an account name and IBAN address will appear, where you can make a transfer, EFT, or FAST. All you need to do now is to 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 wallet in your Binance TR account.
How to Buy STORJ Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to STORJ coin purchase step by clicking on the “Buy-Sell” option in the top left menu of the Binance TR website.
After clicking on this option, the following page will open. By typing “STORJ” in the search section on the right side of this page and clicking on the STORJ/TRY option from the results, you can go to the TL to STORJ purchase page.
Now the following STORJ trading page will open. On this page, in the red-marked area, you need to enter the price at which you want to buy STORJ in the first box and the number of STORJ you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy STORJ” 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 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 supported by Binance’s core functionalities through Binance TR.
