Verge (XVG) is a cryptocurrency focused on privacy and security, aiming to provide fast transactions while ensuring user anonymity. Founded in 2014 as Dogecoin Dark with the goal of offering an anonymous and decentralized solution, the project rebranded as Verge two years later. Verge continues to offer a secure and anonymous transaction experience, built on its core principles of privacy and decentralization. In this article, you can find answers to two frequently asked questions: What is Verge (XVG) and how to buy Verge (XVG) with TRY.
What is Verge (XVG)?
Verge is a cryptocurrency project designed with a strong focus on privacy and security. It aims to provide fast transactions while ensuring user anonymity, addressing a significant concern within the crypto community.
During the early years of Bitcoin, between 2013 and 2014, there was a growing demand for anonymous cryptocurrencies. Crypto enthusiasts and investors quickly realized that Bitcoin transactions recorded on a public ledger were not as private as initially thought. This gap in privacy led to the creation of Dogecoin Dark in September 2014. Dogecoin Dark’s primary goal was to offer maximum anonymity and true decentralization, setting it apart from Bitcoin and other early cryptocurrencies.
Dogecoin Dark emerged as a solution to the privacy concerns surrounding Bitcoin. It aimed to provide users with a more secure and private way to transact, ensuring their identities and transaction details remained confidential. This focus on privacy quickly gained interest among users who valued anonymity in their financial transactions.
Nearly two years after its initial launch, Dogecoin Dark underwent a significant transformation. The team behind Dogecoin Dark decided to rebrand the cryptocurrency to better reflect its goals and mission, leading to the birth of Verge. Despite the name change, Verge retained the same core principles of privacy and decentralization that led to the creation of Dogecoin Dark.
Verge continues to build on the foundation laid by Dogecoin Dark, striving to offer a secure and anonymous transaction experience. Designed to support fast transactions, its network is a practical choice for users needing quick and private financial interactions. Verge aims to address the privacy shortcomings of early cryptocurrencies by prioritizing user anonymity.
How to Buy Verge (XVG) with TRY?
Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Verge (XVG). On Binance TR, where an account can be quickly created, more than 100 cryptocurrencies, including XVG, can be bought and sold. To buy Verge (XVG) with TRY on Binance TR, you can follow the steps below.
How to Open an Account on Binance TR?
Opening an account on Binance TR is quite easy. For this, you need to go to trbinance.com and proceed 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 accurately, email/sms verification will be performed to 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 to trade cryptocurrencies 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 the official Binance TR 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, you can click on “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, first, tap on the “Identity” option to continue.
Then a screen like the one below will open. To continue the verification process, first, select the document type that suits you best.
After selecting the document type, you can continue by tapping on “Upload Front Side.” After taking a photo of the front side of the document 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 you can continue by tapping on 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.
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 through all banks. You can deposit and trade TL 24/7 from your Vakıfbank, Ziraat Bankası, İş Bankası, Akbank, Fibabanka, Şekerbank, and Türkiye Finans accounts without interruption. 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 within 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 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, you will see an account name and IBAN address where you can transfer money via wire transfer, EFT, or FAST. All you need to do now 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 wire transfer, EFT, or FAST.
Once your bank completes the transfer process, the funds you sent will automatically be reflected in your wallet on your Binance TR account.
How to Buy XVG Coin with TL on Binance TR?
After the deposit process, you can proceed to the TL to XVG coin purchase step 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 TL to XVG purchase page by typing “XVG” in the search bar on the right side of this page and clicking on the XVG/TRY option from the results.
Now the XVG trading page below 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 XVG in the first box and the number of XVG you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy XVG” 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 bank channels and trade various cryptocurrencies with TRY pairs via Binance TR.
Users supported by Binance’s core functions through Binance TR gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls.
