Decentraland (MANA) is a groundbreaking virtual world built on Ethereum‘s Blockchain. In this article, you can find answers to two frequently asked questions: What is Decentraland (MANA) and how to buy Decentraland (MANA) with TRY.
What is Decentraland (MANA)?
Decentraland is a decentralized virtual world supported by Ethereum’s Blockchain, where users can buy, sell, and interact with digital real estate and virtual goods. It offers opportunities for exploration, gaming, social interaction, and creative expression by encouraging a global user network to contribute to its shared virtual ecosystem.
Decentraland has two main network assets: LAND and MANA coins. LAND coin is an NFT representing ownership of digital real estate parcels in the virtual world. MANA coin is a cryptocurrency used to purchase virtual goods and services within Decentraland’s ecosystem, alongside LAND coin.
Decentraland uses Ethereum’s Blockchain to track ownership of digital land parcels, ensuring transparency and security. Users need to hold MANA coins in an Ethereum wallet to participate in Decentraland’s ecosystem. They can use MANA coins for activities such as buying, selling, and interacting in the virtual world.
Decentraland’s architecture consists of layered components built on Ethereum smart contracts. The consensus layer maintains a ledger tracking land parcel ownership, while the content layer controls visual and interactive elements on each parcel. Additionally, the real-time layer facilitates social interactions between users, including voice chat and messaging.
Decentraland offers a marketplace where users can manage and trade LAND coins priced in MANA. Owners can transact parcels and other in-game items like wearables and unique names through Ethereum wallets, ensuring security and transparency. Decentraland also provides builder tools that allow users to create interactive scenes within LAND parcels using drag-and-drop editors and customization libraries.
Beyond the gaming environment, Decentraland promotes a vibrant virtual community by offering innovative features such as peer-to-peer interactions, voice chat, and messaging. Its open and decentralized structure encourages creativity and experimentation, allowing developers to push the boundaries of what is possible in the virtual world.
How to Buy Decentraland (MANA) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Decentraland (MANA). On Binance TR, where you can quickly create an account, you can trade over 100 cryptocurrencies, including MANA. To buy Decentraland (MANA) 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. You need to 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. identification 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 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 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 mobile 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 send the identity verification address 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 is suitable for you and continue.
After selecting the document type, you can continue by tapping on the “Upload front side” option. 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 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 sides of your ID card or driver’s license.
Then you can 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. After the camera opens, make sure that 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 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 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 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 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 transfers, EFT, or FAST to that bank. 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.
After your bank completes the transfer process, the funds you sent will be automatically reflected in your wallet in your Binance TR account.
How to Buy MANA Coin with TL on Binance TR?
After the deposit process, you can proceed to the step of purchasing MANA 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. You can go to the MANA/TRY purchase page by typing “MANA” in the search section on the right side of this page and clicking on the MANA/TRY option from the results.
Now, the MANA 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 MANA in the first box and the number of MANA you want to buy in the second box. After entering the amount, you can complete your purchase by clicking on the “Buy MANA” 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 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.
