The horrific Turkey earthquake on Feb 6 caused drastic destruction, impacting many communities and people's lives.


Binance, a cryptocurrency exchange, has responded to the tragedy by committing to giving out $100 USD worth of BNB tokens to all Binance users located in the cities most significantly affected by the earthquake. To be eligible, users must have already submitted Proof of Address (POA) prior to February 6th in one of the affected cities, which include Adana, Adıyaman, Diyarbakır, Gaziantep, Hatay, Kahramanmaraş, Kilis, Malatya, Şanlıurfa, and Osmaniye.


Binance said that, though the POA method is not completely reliable, it is still the best available way to identify users affected by the earthquake disaster. The projected donation amount is $5 million USD (94,000,000 TRY) and Binance Charity has established an open donation address, inviting individuals to contribute to the Emergency Earthquake Appeal using crypto assets like BTC, ETH, BNB, BUSD, and XRP.


Individuals frequently find themselves in trouble related to securing access to conventional banking services when most in need of it after a natural disaster, such as being in need of medical supplies or food. To resolve this challenge, sending cryptocurrency transfers has been taking off lately as a way of providing aid in emergency situations due to the fact that they are rapid, affordable, transparent, and unrestricted, making them an ideal selection for delivering support in urgent circumstances.


Cryptocurrency has been implemented as an effective way to provide aid in the wake of disasters, such as in the Ukraine war. Banks are not available to many individuals affected by the war, so relief organizations have been utilizing crypto in order to deliver financial support and other necessities. This has been a very successful approach to ensuring those in need get help.


Following the earthquake in Turkey, members of the crypto space have come forward to assist those affected. On Feb 6, Bitget, cryptocurrency  exchange, pledged to provide 1 million Turkish Lira for disaster relief efforts.



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