Telegram launches crypto currency wallet.

[romero121]

Every platform comes into usage for some purpose. Overtime it tries to keep its users within themselves and not let them go use other applications. This is the reason why we were able to see different features getting added to telegram and other platforms that are completely into different business of communication and community management. Anyhow inbuilt wallet from telegram is really appreciable, however not much prefer this service.

[vv181]

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You don't need anything but a Telegram application. Head over to https://wallet.tg/, it is their official website, click Open Wallet, and the link will direct you to the bot within the application. The wallet is available on the desktop application, I haven't tried it on mobile yet, but since it is based on bot Telegram's feature, I think the wallet will be able to be used on mobile too.

This wallet is a custodial wallet, so it seems there is no way to save your own key. Also, it requires your mobile number to be linked with Telegram in order to use the wallet.

Well technically don't need the telegram application, in fact you never needed it as the wallet has existed for a long time not integrated to telegram in any way.
And i am not sure how they integrated it now but they used telegram bot for a long time to trade TON so that's not new.

I used to follow them but the way their voting played out was horrible. Masses make the worst decisions when they want to rise value fast.

I'm aware that they are merely a bot back then. Right now, they implement and utilize Telegram Mini Apps, a more flexible type of bot, functionality, in which certainly there must be a backend that connects with a user-facing wallet with the system that manages the wallet functionality.

As far as I know, indeed there are many wallets for the TON chain, but specifically for this, they integrate and implement directly into the Telegram application. We can derive it could be because it would make user easier to use it and garner the existing users of Telegram.

[Twentyonepaylots]

I was wondering how safe it would be hence me bringing it here for discussion. So far the telegram platform is very porous and scammers carry out their nefarious act there which makes it not too conducive for most discussions and now Crypto wallet is about to take shape their with one storing or saving his or her assets there. What are the possibility that one can securely safe their assets there without having any issues of scam or hack through telegram hack?

Telegram has become a gathering place for Crypto enthusiasts. Telegram with cryptocurrency is nothing new. However, the problem is Telegram's security. Currently Telegram security is very easy to infiltrate. When Telegram creates a cryptocurrency wallet, there will certainly be lots of hacking attempts.
Or it could be by creating a fake link to the Telegram wallet. I have tried downloading the TON app but I am still not comfortable with the UI of the app.
I chose not to invest in TON but will still put it on my watchlist.

Telegram security is another focus point of discussion. I was thinking if the telegram team could give this security aspect of their app the attention it requires because the rate at which scams,hack and other acts are carried out on the telegram platform is something else.
The news of telegram wallets would trigger more acts from hackers and that would call for more work on the telegram application itself to strengthen the security features so as to prevent hackers gaining access to owners wallet.

I don't think Telegram's wallet is something else, if they made it then its conventional, an in-application wallet. Even if they disclose its full security I doubt many will use it in a day-to-day life. And yup you're right, there are a lot of hackers, scammers, shitty on telegram that will try to track it down so the wallet environment is not safe at all. If they can't secure their platform with a lot of hackers and scammers, I think there should be no debate whether their wallet is safe and secure because it is just a trend-based creation. Just have a look at your telegram, and see how many people are trying to hack you by spamming messages.

If this is not properly taken care of and the hacks becomes obvious I doubt if people would keep the telegram wallet or think of storing their assets on the telegram wallet as everybody considers the safety of their wallet as a priority.

If telegram thought of crypto users will make their wallet as their asset wallet, then it's gonna be down in like a year.

[JeffBrad12]

Every platform comes into usage for some purpose. Overtime it tries to keep its users within themselves and not let them go use other applications. This is the reason why we were able to see different features getting added to telegram and other platforms that are completely into different business of communication and community management. Anyhow inbuilt wallet from telegram is really appreciable, however not much prefer this service.

considering the fact that there has been quite many scam cases in telegram I wonder if telegram wallet is truly reliable and safe, i could think that maybe there gonna be many implications in regard of telegram wallet in which gonna risk of losing money and assets because as you know, scammers in telegram are simply too much.
I personally would just still use metamask since its so far the most convenient despite many rumours about metamask getting hacked but so far I'm fine with it.
but i'm just concerned if telegram actually put any effort into giving some measure to prevent scamming from taking places.

[GreatArkansas]

I'm just sad because Telegram now is having these things especially when they started to have their own cryptocurrency (TON) and now this.
I am a fan of Telegram because it's a very easy-to-use and lightweight messaging platform and I believe that they must focus on that part only without adding some feature that could make the platform really bad.

[Supianto]

I'm just sad because Telegram now is having these things especially when they started to have their own cryptocurrency (TON) and now this.
I am a fan of Telegram because it's a very easy-to-use and lightweight messaging platform and I believe that they must focus on that part only without adding some feature that could make the platform really bad.

I don't think that the platform will be bad unless you'll have to pay using it or some shit like that. Almost every social network is trying to do multiple things.

[Obito]

I'm just sad because Telegram now is having these things especially when they started to have their own cryptocurrency (TON) and now this.
I am a fan of Telegram because it's a very easy-to-use and lightweight messaging platform and I believe that they must focus on that part only without adding some feature that could make the platform really bad.

I really agreed with these too, it's been years since the first day that Telegram was launched and I've been an avid fan of Telegram since day one. having this kind of very friendly user messaging application helps us in so many ways due to its minimal design that helps people to easily understand the app. Every application is growing and we need to accept what the developers want to do it is also a part of growth in which the Application may grow more.

[yazher]

Actually, they can start from here and eventually update and develop it until it each to the point where it can really keep up with its competitors in the crypto market. if they offered some native coins with that cryptocurrency wallet would have been a good idea and it would be another step up for them in order to make their wallet popular among the crypto investors. Hopefully, it will succeed because as we know, Telegram is reliable in terms of making this kind of stuff and they just not gonna make it more convenient for their users but also clear some doubts for the people who are still in doubt of cryptocurrencies.

[Husseysamuel]

It's great to hear that Telegram has launched a cryptocurrency wallet! This is a significant development that could make crypto more accessible to a wider audience. I look forward to exploring its features and capabilities.

[Blitzboy]

Telegram's crypto wallet launch is huge. A well-established site with a large user base is joining the blockchain industry. Telegram is a proven company with 800 million users, so Im not surprised they're entering crypto.

Hacking and account security are serious issues, thus your questions are valid. Telegram hackers could compromise crypto wallets. However, no system is infallible. Banks are trusted despite hacks. Telegram's crypto-wallet's credibility depends on security. Avoid dismissing them based on prior events.

I doubt Telegram would lock your wallet for account banning. They'll be cautious and respectful with crypto. Keep asking questions—vigilant users keep service providers on their toes.

[AnonBitCoiner]

Telegram's crypto wallet launch is huge. A well-established site with a large user base is joining the blockchain industry. Telegram is a proven company with 800 million users, so Im not surprised they're entering crypto.

This step is very good not only for crypto but telegram too and most of crypto users will now use it and will famous amongst them. The fact is that I hear Elon musk name first time because of crypto when he started shilling digecoins and I thought many users experienced in same way. I hope in some years telegram will be complete friendly solution for crypto

Hacking and account security are serious issues, thus your questions are valid. Telegram hackers could compromise crypto wallets. However, no system is infallible. Banks are trusted despite hacks. Telegram's crypto-wallet's credibility depends on security. Avoid dismissing them based on prior events.

Actually there is big difference in telegram hacks and bank hacks. Banks hacks are rare and most of the times bank users refunded but im telegram the ratio of hacking is very big and you cannot catch the cheaters in anyway. most of hackers using online number to activate telegram account. Telegram should work on this particular issue as this issue will cause failure of their wallet system.

I doubt Telegram would lock your wallet for account banning. They'll be cautious and respectful with crypto. Keep asking questions—vigilant users keep service providers on their toes.

It is not true because telegram will give you phrase key when you create account and you can easily open and access your wallet in any other wallets

[RussianEnglishTranslation]

Congratulations to telegram for launching their own crypto wallet. It has long been on the news and limelight of telegram running their own TON network for quite some years now and at last they achieved it. With their large traffic size of over 800 million users on monthly basis I think this would give them a good edge and stand on Crypto market as they already have a good utility value coupled with the fact that they just launched their own Crypto wallet.

I further had to do some research and records findings of past occurrences and experience with telegram and it became pertinent that I ask these questions. I believe each telegram account holder would definitely have to create his or her own wallet possibly after an upgrade to update such features into the app. So far there have been a lot of nefarious act been done on telegram such as account cloning, account hacking and lots more and I ask what if in a situation where by one's account telegram account is hacked does that automatically grants the hacker access to the wallet? Because I believe the wallet is already built with that telegram account  irrespective of the fact that there is private key or phrase. Another question I have is this what if in the case of banning or blocking a telegram account, would the telegram team also block the wallet of the owner as well? I have to ask this because I became curious about this when I started doing my research into it. Another question I also have is this would the telegram wallet be some sorts of attached or linked to telegram username or ID of every telegram account holder?

I believe we can discuss this here to knowing more and sharing ideas about this unfolding development because telegram itself has a huge number of Crypto enthusiast and I tell you there would definitely be lots of activities and engagements on telegram in the days coming and this would definitely increase lots of telegram scams and hacks which would warrant telegram account holders to strengthen their telegram security features.
Your ideas are welcomed for further discussions.

SOURCE

0xMonero has been running a wallet, tip bot, mixer, dice game, token bridge to BNB chain for the last year on Telegram called 0xTIP.

[X-ray]

It's great to hear that Telegram has launched a cryptocurrency wallet! This is a significant development that could make crypto more accessible to a wider audience. I look forward to exploring its features and capabilities.

How safe telegram wallet is still questionable at this moment. There have been many people using it but it looked like still an experimental for me even though this feature already fully launched for the public users.
You can try to explore it by downloading the latest version of telegram which has been fully supporting it right now. It's accepting some cryptos but the telegram's security makes me feel unsafe to use it.
I remember when i heard many hacked case was happening on the telegram account. Even thouth telegram has been adding more security measure when someone is trying to log in but it doesn't enough caused by the wallet is not being encrypted with additional security like 2fa or something else.
That's my main reason why i avoid to use this wallet for my daily activities. It's not yet a safe wallet at this moment.

[gurunanakji777]

I would say it's good news for Telegram users, but we cannot claim that all users will use their wallet right away. Trust needs to be established first before holders will have confidence. You have raised a valid concern because I have generally observed that many Telegram accounts get blocked, and many are restricted. In such cases, users may not be able to use the wallet. Additionally, some people create multiple Telegram accounts using proxy settings, which is also an issue, especially for newcomers who may fall victim to scams. Therefore, I believe there will be many concerns among users. Now, the key is to see how they address all these issues so that anyone can use their wallet without any fear.

[fat buddah]

I would say it's good news for Telegram users, but we cannot claim that all users will use their wallet right away. Trust needs to be established first before holders will have confidence. You have raised a valid concern because I have generally observed that many Telegram accounts get blocked, and many are restricted. In such cases, users may not be able to use the wallet. Additionally, some people create multiple Telegram accounts using proxy settings, which is also an issue, especially for newcomers who may fall victim to scams. Therefore, I believe there will be many concerns among users. Now, the key is to see how they address all these issues so that anyone can use their wallet without any fear.

The only ones that are getting blocked are those who scamming and spamming people. But I wouldn't use this wallet anyway, it's still kinda dangerous. It is almost like keeping your crypto on an exchange.

[CryptSafe]

I would say it's good news for Telegram users, but we cannot claim that all users will use their wallet right away. Trust needs to be established first before holders will have confidence. You have raised a valid concern because I have generally observed that many Telegram accounts get blocked, and many are restricted. In such cases, users may not be able to use the wallet. Additionally, some people create multiple Telegram accounts using proxy settings, which is also an issue, especially for newcomers who may fall victim to scams. Therefore, I believe there will be many concerns among users. Now, the key is to see how they address all these issues so that anyone can use their wallet without any fear.

Telegram security features needs to be upgraded to its maximum so that users would be safe otherwise I really doubt they would have that large turn up for their wallet as a result of the activities going on the platform. The hacks, scams, the blocking of account, temporary account suspension and lots more. Just as you have said they would need to build that trust for their users before they can gain the confidence as well because nobody would want to take such risk endangering their assets.