Bonfida Provides Innovative Solutions for Solana Blockchain

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Bonfida (FIDA) is an ecosystem of products and solutions created for the Solana Blockchain. The FIDA coin serves as the exclusive currency within the Bonfida ecosystem and plays a vital role in enhancing user experience and governance. In this article, you can find answers to two frequently asked questions: what is Bonfida (FIDA) and how to buy Bonfida (FIDA) with TRY.

What is Bonfida (FIDA)?

Bonfida is an ecosystem built on the Serum trading protocol designed to serve the Solana Blockchain ecosystem. It offers various products and services, including the Solana Name Service, which allows users to replace their decentralized wallet addresses with domain names of their choice. Bonfida aims to showcase the potential of the Solana Blockchain and provide innovative solutions for its users.

The FIDA coin serves as the mainnet asset of the Bonfida ecosystem and plays a significant role in improving user experience and governance. A substantial portion of FIDA coins are locked long-term, creating scarcity and value appreciation over time. As the primary asset in the ecosystem, FIDA coin manages 95% of the net fees on Bonfida and can be used for transactions within the platform.

Users can unlock additional features such as Solible NFT marketplace listings and advanced market analytics by staking FIDA coins. Additionally, FIDA coin holders have governance rights, allowing them to vote on important parameters for the Bonfida ecosystem. This participation in governance empowers users to shape the future direction of the platform.

How to Buy Bonfida (FIDA) with TRY?

Binance TR is the most suitable cryptocurrency exchange for investors in Turkey who want to buy Bonfida (FIDA). On Binance TR, where you can quickly create an account, you can buy and sell over 100 cryptocurrencies, including FIDA. Follow the steps below to buy Bonfida (FIDA) with TRY on Binance TR.

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 proceed from the “Create Account” step. In the first step of creating an account, you will be asked to enter basic information such as your 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 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 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 from your phone or through the official Binance TR website. Note that you will need your mobile phone to verify your identity from the website.

On the Binance TR website, hover over the “Profile” option at the top right and click on “Identity Verification and Limits” from the drop-down menu, then click “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, click the “Copy URL” option 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. First, tap on the “Identity” option to continue.

Then a screen like the one below will appear. To continue the verification process, first select the document type that is suitable for you.

After selecting the document type, tap on the “Upload front side” option to continue. After taking a photo of the front side of the document according to the selected document type, 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 the information in the photos you take 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. Once the camera is open, 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 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. From 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 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 click on the “Other Banks” option to continue.

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 via wire 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 via wire transfer, EFT, or FAST.

After your bank completes the transfer process, the funds you sent will automatically be reflected in your Binance TR account wallet.

How to Buy FIDA Coin with TL on Binance TR?

After the deposit process, you can proceed to the TL to FIDA 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 page below will open. You can go to the TL to FIDA purchase page by typing “FIDA” in the search section on the right side of this page and clicking on the FIDA/TRY option from the results.

Now the FIDA 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 FIDA in the first box and the number of FIDA you want to buy in the second box. After entering the amount, you can complete your purchase by clicking the “Buy FIDA” 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 trading services from fiat to crypto and crypto to crypto. 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.

With Binance TR, users gain access to market-leading spot trading liquidity, a powerful matching engine, advanced security protocols, custody solutions, and risk controls, all supported by Binance’s core functionalities.

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