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How to buy BiLira (TRYB)

Learn how to buy BiLira (TRYB) in our step-by-step guide.

Where to buy BiLira

It looks like TRYB may not be available to purchase on an exchange in the US.

You can still purchase TRYB by using a decentralized exchange (DEX) instead. Decentralized exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

Decentralized exchanges (DEX) are unregulated and run using autonomous pieces of code known as smart contracts. To use a DEX you must interact with the blockchain directly, which is not recommended for novice users. Please learn about decentralized exchanges first if you're unfamiliar.

How to purchase TRYB using a decentralized exchange.
  1. Find TRYB on a decentralized exchange and make sure BiLira can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
  2. Buy ETH to trade for TRYB using an exchange like Gemini. You will need to purchase enough ETH to swap for TRYB as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
  3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
  4. Trade ETH for TRYB on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
  5. Wait for the transaction to finalize and the TRYB tokens will arrive in your wallet.
  6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the US.

Best BiLira wallets to store your TRYB

You can keep your TRYB on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TRYB below.
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Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)
$149
Supported assets
5,500+
Go to site

Trezor Model T Wallet
★★★★★ 4

Price (USD)
$219
Supported assets
1,456+
Go to site

SafePal S1 Wallet
★★★★★

Price (USD)
$49.99
Supported assets
30,000+
Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is BiLira a good investment?

TRYB is a stablecoin that can be minted only via the BiLira ecosystem. Unlike most other cryptos available in the market today that are faced with a lot of volatility, TRYB’s value is pegged to the Turkish Lira and is therefore somewhat regulated. Here are a few core aspects of the project worth considering before investing in it:

  • Unique minting setup:As per it’s whitepaperwhitepaper TRYB is designed in such a way that it can only be minted when an equal amount of Lira is deposited within the network. Furthermore, the tokens can be accrued once an investor has successfully completed their identity verification via BiLira’s native KYC module.
  • High transaction throughput:Owing to the fact that BiLira harnesses the power of the Avalanche network, it is able to process a total of 4,500 transactions per second. Not only that, the blockchain utilizes a novel consensus protocol that has been shown to confirm transactions in a matter of 1 second or less. Lastly, Avalanche has been founded by a team of well known scientists including Professor Emin Gün Sirer, Maofan Yin and Kevin Sekniqi. Infact, Gun Sirer has previously served as an associate professor of computer science at Cornell University, and is currently the co-director of IC3, a crypto-oriented initiative consisting of faculty members from Cornell University, Cornell Tech, UC Berkeley, UIUC, amongst others.
  • Cross Chain interoperability:A highly underrated facet of the BiLira ecosystem is that it allows users to make seamless cross chain swaps between the Ethereum and Avalanche network.
  • Future ready operational design:BiLira is designed to help bridge the gap that currently exists between the trad-fi economy and digital assets by offering clients a highly advanced on/off-ramp solution — usable by crypto traders, investors, etc — to not only combat volatility related issues but also spur the growth of the DeFi market.
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Today's BiLira price versus ATH

Compare today's price of BiLira ($0.052639 USD) against its all-time high (ATH) price of $0.172011 on December 15, 2019. The closer the bar is to 100%, the closer TRYB is to reaching its ATH again.

Current price: $0.052639
All time high: $0.172011
31%
69%

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  1. Data by CoinGecko

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

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