Frequently Asked Questions

How do I know BiLira will hold its value?

Every BiLira is 100% backed by Turkish Lira and can be redeemed from our banking partners.

Who can buy BiLira?

Any user that passes our required identity verification process.

How do I buy BiLira?

The easiest way is to mint new BiLira through our platform.
Steps:

  • If you don’t have a BiLira account, sign up and verify your identity.
  • Log in to your BiLira account.
  • Start the minting process and receive instructions on where to send funds.
  • Send the funds and receive BiLira in your Ethereum wallet.

Alternatively, BiLira can be easily purchased through our Exchange partners as well.

How do I convert BiLira into Turkish Lira?

The easiest way to convert BiLira through our platform.

Steps:

  • If you don’t have a BiLira account, sign up and verify your identity.
  • Log in to your BiLira account.
  • Start the redeem process and receive instructions on where to send BiLira.
  • Send BiLira and receive Turkish Lira in your bank account.

Alternatively, BiLira can be easily exchanged for Turkish Lira through our Exchange partners as well.

How do I know my funds are secure?

All funds are kept in Turkish bank accounts and regular quarterly audits will be published to provide transparency for our stakeholders.

Who is BiLira for?

BiLira is the first stablecoin to be backed by a local asset, the Turkish Lira. We anticipate everyone to benefit from Blockchain powered trust that allows fast and secure settlements with low transaction fees.


Decentralized Finance dApps:

  • Enter Web 3.0 financial products without exposure to crypto volatility.

Exchanges:

  • Simplify complex settlements offered by traditional banks and exchanges through offering a convenient way.

Crypto Traders:

  • Hedge against volatility in the crypto market by moving your assets to a stablecoin.
More questions?