The crypto community was buzzing with the latest news. Telegram users can now send crypto to each other seamlessly. Some setup steps are required before you can send crypto. In this article, we will review the dynamics of such news and see a step-by-step guide on how to send crypto on Telegram.
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Does Telegram have its own token?
The short answer to this is No. In fact, the Telegram company planned to launch its own token called “GRAM”. Users were configured to use this specific token to send and receive crypto. On the other hand, like the Ripple company and many others, Telegram was the subject of a lawsuit. The SEC claimed that the Telegram company was “selling unregistered securities”. The company later agreed to a deal in mid-2020 to return more than $1 billion in funding to early investors. The project was dumped soon after.
Can you send Crypto on Telegram today?
The Open Network (TON) is a fully decentralized layer 1 blockchain designed by Telegram to incorporate its users into the crypto space. It has fast transactions and low fees. TON basically created a API that connects to Telegram like a wallet bot. Users will communicate with the bot, set up their wallets, and be able to send and receive the TON token with others.
How to send cryptocurrencies on Telegram
Set up your TON wallet on Telegram
There are very easy steps to set up Telegram crypto sending. If you already have Telegram configured, skip to step 3.
- Download Telegram on your mobile to Android either iOS.
- sign up and sign up
- Look for the “Wallet” bot
4. Click the “Start” button
5. Click “Add to Attachment Menu” and then click “Confirm”
And that is! You have successfully added a wallet to your Telegram account.
How to fund your TON wallet on Telegram
To fund your TON wallet on Telegram, here’s what you need to do:
- Go to the “Wallet” bot and click on “My Wallet” and then on “Deposit”
- Share your phone number with TON
You can choose fund your account with the deposit function. Here, you will be provided to send TON or BTC to a specific address shared with you, and the funds will be credited within 30-60 minutes.
The other alternative would be to buy TON or BTC directly with a debit card. Here, you will choose the amount to be credited, then click on an external link where you will have to pay with your card. The only hassle with this option is that you will have to go through a KYC process that requires you to provide an ID or passport and take a selfie with your phone.
How to send cryptocurrencies on Telegram
Now that you have set up your wallet and funded it, you can simply go to any chat with any other Telegram user, go to the attach function, choose the amount to send, and that’s it!
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