Becareful with telegram wallet!

[odunybiz]

I never believed that people can be so careless to use give their money to a social media platform like Telegram. I have to use this strong language because I feel bad at how people follow trends ignoring all safety measures. I knew when the Telegram Premium came on board with many features including this wallet. But I was never moved by the wallet aspect because I have always had in mind that "not your keys, not your coins". Anything that does not give me control over my coins is definitely a no no for me.

I have a question here please...., Can ones telegram premium account be bann? Most people made this mistake out of ignorance. It's another lesson for us just not to be so careless with our fund.

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[DaNNy001]

Anytime I see any company meant to something else that starts adding wallet as a new feature, I just ignore it because I know it would not be a reliable source for wallets and the safe keeping of my assets. When I saw the new wallet feature telegram did, it just occurred to me that this is another legal way to loss your asset if anything happens to your account or telegram network. Just like the way, keeping your asset in an exchange is dangerous, storing them on telegram wallet is even more dangerous. This is the second time I've come across app that start offering the service of wallet.

Well for starters, telegram is definitely not a place that anyone would even think of doing anything aside from its communication purpose because the app has given himself a reputation that befits the abuse of it. Telegram is currently a ground hole for scammers and alot of them are very active finding and coursing for their next naive victim. If I had been the one seeing this then I would probably first have a wrong view about and probably even abandoned it as well.

[hd49728]

Well for starters, telegram is definitely not a place that anyone would even think of doing anything aside from its communication purpose because the app has given himself a reputation that befits the abuse of it. Telegram is currently a ground hole for scammers and alot of them are very active finding and coursing for their next naive victim. If I had been the one seeing this then I would probably first have a wrong view about and probably even abandoned it as well.

For starters, they have to learn to customize their Telegram account settings, and prevent scammers to reach in communication and avoid automatic downloads files, videos.

Telegram Scams
Disable Automatic Download
Do this if you don't want to be dragged to different telegram ICOs
Some Telegram tips for newcomers in the crypto community

[anna_20]

We should learn to use open source noncustodial wallets to store our funds of which telegram isn't. These wallets aren't paid for , they are free and well secured so why stress over wallets that aren't safe for your funds. As for your friend @ knowngunman, I really don't think he can recover his funds as I haven't seen anyone appealed before on telegram as was unbanned. Except his ban had a time duration.

I haven't bothered checking it out until after I made this post. I think it's accessible for every telegram users and not for only premium users. The interface wasn't bad and there is P2P service too though you need to verify your identity before taking part in it. However, there is a pop up display for the first time clicking the wallet icon where Telegram disclaim that the wallet is operated by independent party not affiliated with telegram. More reason for one to distant themselves from using such wallet.



I think this pop up message is alarming enough to make one stay away!

[Bushdark]

We need to be very careful about the telegram Wallet and I don't think I could ever put my money there since anything could happen.
Telegram wallet is not the best for me and I don't use them because it does not have any privacy. Anything could happen and your account could get ban without even knowing what could be the problem.
We need to be wise and always put our funds in a wallet than using to use social media to store it.

[Z390]

The old battle was with sim swapping, to gain access to peoples assets, and now that a good blockchain called Ton is using telegram as their main based wallet, they are giving more power to scammers to start going after people through their sims, I will never get into Ton unless they made their wallet available else where.

Or maybe if telegram start allowing users to registered a telegram account using email account and not sim cards, this is the most stupid thing to do.

Possible bad events

1. You wake up one day and your sim card is no more working.

2. You somehow lost your phone.

3.  Thieves working in network provider centers knowing about sim link with telegram accounts and the existence of TON network, a good way to hit the jackpot for them.

A real decentralized crypto project supposed to give users their revoveery seed without it having any relationship with users sim card, but since its running on telegram its a big turn off for me.

[Peanutswar]

Another charge to experience mistake, sorry for the loss, it's my first time seeing the use of the telegram for having a wallet, this platform is use most likely for socials, and can be used as a tool for storing too an image or other information if you don't have another choice, but storing of an asset with the use of the telegram I guess its a big no, this is not meant for. We know how the information is scattered on the internet, and most of the users binned their active numbers in their socials so possible a direct attack. That's another enlightenment to invest in a good security and wallet.

[Yaqs15]

I don't know how the Telegram wallet works and i don't care to know because it is not an option for me to store any coins. Telegram is one platform with so much cases of scam and fraud, and that alone is enough reason not to use it to keep any of your money. Even if you want to store shitcoins, there are better wallets to use, wallets that are non-custodial and open source like Unstoppable wallet, then there are others like trust wallet that are not open source, but a better option for shitcoins than telegram wallet.

Telegram! this name itself to me anytime I hear it, I don't get rest of mind because of a lot of shits that i have undergone. Telegram itself is full of scammers, i am a victim. Although, I don't have much knowledge about it but the little transaction i did with them, some of these transactions, i fell into the hands of scammers. since then, anything that would let me associate with them especially their wallets, I have to think and rethink again and again Up to hundred times. for me to be sure if it is guaranteed.

That sucks, I know that Telegram is trying to innovate and having some wallets on it is part of their plan. But knowing that they've been swarmed by scammers, and the customer service that they have is quite hard to reach. It's best to just use them as is being a messaging app. We've seen casinos building their platform on its own platform and it's not really appealling at all. Now, with vast projects that have been using them as a medium of communication to their users, I think this is the first time that I've seen someone who used them as a wallet and then the user's number got blocked by itself. Keep on appealling and contacting Telegram because if they're the one who blocked him, they are the only one who can unblock him as well.

I think the best way to use it is just for communication and passing of messages and information. but anything related to savings of coins, I am not there. It has happened to me before and will not be making sense if it should repeat itself again. Especially when you said that their customer care service provider is very difficult to reach. If God forbid one fall victim of any duping related issue, and urgently in need of their customer service assistance, what would you do? When already they are known to be so difficult to reach? You see! that's a very big problem. So I think the very way to operate with them is just to communicate and passing information. And even if you must do transaction, you have to be extra -extra careful.

[Kristiyana]

I don't know how the Telegram wallet works and i don't care to know because it is not an option for me to store any coins. Telegram is one platform with so much cases of scam and fraud, and that alone is enough reason not to use it to keep any of your money. Even if you want to store shitcoins, there are better wallets to use, wallets that are non-custodial and open source like Unstoppable wallet, then there are others like trust wallet that are not open source, but a better option for shitcoins than telegram wallet.

Telegram! this name itself to me anytime I hear it, I don't get rest of mind because of a lot of shits that i have undergone. Telegram itself is full of scammers, i am a victim. Although, I don't have much knowledge about it but the little transaction i did with them, some of these transactions, i fell into the hands of scammers. since then, anything that would let me associate with them especially their wallets, I have to think and rethink again and again Up to hundred times. for me to be sure if it is guaranteed.

That sucks, I know that Telegram is trying to innovate and having some wallets on it is part of their plan. But knowing that they've been swarmed by scammers, and the customer service that they have is quite hard to reach. It's best to just use them as is being a messaging app. We've seen casinos building their platform on its own platform and it's not really appealling at all. Now, with vast projects that have been using them as a medium of communication to their users, I think this is the first time that I've seen someone who used them as a wallet and then the user's number got blocked by itself. Keep on appealling and contacting Telegram because if they're the one who blocked him, they are the only one who can unblock him as well.

I think the best way to use it is just for communication and passing of messages and information. but anything related to savings of coins, I am not there. It has happened to me before and will not be making sense if it should repeat itself again. Especially when you said that their customer care service provider is very difficult to reach. If God forbid one fall victim of any duping related issue, and urgently in need of their customer service assistance, what would you do? When already they are known to be so difficult to reach? You see! that's a very big problem. So I think the very way to operate with them is just to communicate and passing information. And even if you must do transaction, you have to be extra -extra careful.

You got that right man, I think telegram is not a place to save your assets rather is a place where you interact with different people just like social media. However creating of wallet in telegram is a very big risk, I think someone who is with his right senses will never think of storing his assets in a telegram wallet. we have a lot of trusted and reliable wallet to store our coin, I'm pretty sure that nothing happens to those wallet, I think is only someone who does not know what he's doing that will choose telegram wallet over all this trusted and reliable wallet's either.

[Saint-loup]

The old battle was with sim swapping, to gain access to peoples assets, and now that a good blockchain called Ton is using telegram as their main based wallet, they are giving more power to scammers to start going after people through their sims, I will never get into Ton unless they made their wallet available else where.

Or maybe if telegram start allowing users to registered a telegram account using email account and not sim cards, this is the most stupid thing to do.

Possible bad events

1. You wake up one day and your sim card is no more working.

2. You somehow lost your phone.

3.  Thieves working in network provider centers knowing about sim link with telegram accounts and the existence of TON network, a good way to hit the jackpot for them.

A real decentralized crypto project supposed to give users their revoveery seed without it having any relationship with users sim card, but since its running on telegram its a big turn off for me.

You can use Telegram on PC or tablets and they have not SIM cards inside, so even if you lose your phone or if your sim card doesn't work anymore you can still use Telegram if you haven't disconnected your account on the other devices, and you can easily change your phone number even if you no longer have access to the old one. https://bugs.telegram.org/c/58
Against sim swapping, a two-step verification option is available, if you use it, the rubber of your smartphone or of your phone number will need to know your password to access your TG account. In addition you can set up a passcode on your wallet on top of it.
And of course, TON coins are available on non-custodial wallets, including the most common and the best known ones such as Trust Wallet, Ledger, SafePal, Tangem,...
https://ton.org/wallets

[Adbitco]

It's only someone who doesn't know much about cryptocurrency could go that extent to store their funds on telegram without even storing their asset in none custodian wallet. We should know how risky it's to entrust our heart earned money into telegram that usually or concurrent ban their user for any little slight mistake or when you post in a group and it's happens that they were reported then it leads to ban and restrictions without the owner having complete access to some groups and they will mistakingly go store their funds over there.

[boyptc]

I understand services like Telegram trying to adopt new technology and adding a lot of stuff on their platform. But for me, TG is as simple as a messaging app.

If it's about wallet needs, I'd sure go with the common ones although I am open to test new things but I will never ever trust them with sums of money getting deposited there.

Always save your assets in a safer wallet, we knew it for Bitcoin and as well as for multicurrency wallets.

[Saint-loup]

It's only someone who doesn't know much about cryptocurrency could go that extent to store their funds on telegram without even storing their asset in none custodian wallet. We should know how risky it's to entrust our heart earned money into telegram that usually or concurrent ban their user for any little slight mistake or when you post in a group and it's happens that they were reported then it leads to ban and restrictions without the owner having complete access to some groups and they will mistakingly go store their funds over there.

You shouldn't believe everything people say, especially when they are obviously shitposting like many people previously did in this thread.
Firstly, Telegram crypto wallet is not only available for premium users, contrary to what OP said. You can open and install it in your home menu through this channel https://t.me/wallet
Besides that there are 2 crypto wallets available on Telegram actually, and one of them TON Space is a real non-custodial one, you can fully access its mnemonic seed phrase and import it in any other wallet supporting TON coins, you can also recover its access through email.

Wallet and TON Space are two different wallets within the TON ecosystem. Wallet operates as a custodial service provider, whereas TON Space serves as a non-custodial wallet. Here are the main differences between them:

A custodial wallet is a service where the private keys (keys to access the wallet) are stored by the service. Examples of custodial wallets include centralized or private exchanges. This enables the service to offer unique features such as swaps, commission-free transfers, promotions, security settings, and more.

A non-custodial wallet grants users full control over their crypto assets, stored on their blockchain address. Only users have control over the private keys. Access to wallet and security control via Seed phrase are the main features of using non-custodial wallets. This provides users with bigger opportunities in ensuring the safety of their crypto assets, but also entails bigger responsibility.

With Wallet, you can easily purchase crypto by card, use the P2P Market and swap cryptos, such as TON, USDT and BTC.

TON Space gives you the opportunity to send and receive any Jettons and NFTs minted on TON, swap them and connect to decentralized applications (DApps).

https://wallet.helpscoutdocs.com/article/113-wallet-where-to-start#What-is-the-difference-between-Wallet-and-TON-Space-hMkji

[Adbitco]

It's only someone who doesn't know much about cryptocurrency could go that extent to store their funds on telegram without even storing their asset in none custodian wallet. We should know how risky it's to entrust our heart earned money into telegram that usually or concurrent ban their user for any little slight mistake or when you post in a group and it's happens that they were reported then it leads to ban and restrictions without the owner having complete access to some groups and they will mistakingly go store their funds over there.

You shouldn't believe everything people say, especially when they are obviously shitposting like many people previously did in this thread.
Firstly, Telegram crypto wallet is not only available for premium users, contrary to what OP said. You can open and install it in your home menu through this channel https://t.me/wallet
Besides that there are 2 crypto wallets available on Telegram actually, and one of them TON Space is a real non-custodial one, you can fully access its mnemonic seed and import it in any other wallet supporting TON coins, you can also recover its access through email.

Wallet and TON Space are two different wallets within the TON ecosystem. Wallet operates as a custodial service provider, whereas TON Space serves as a non-custodial wallet. Here are the main differences between them:

A custodial wallet is a service where the private keys (keys to access the wallet) are stored by the service. Examples of custodial wallets include centralized or private exchanges. This enables the service to offer unique features such as swaps, commission-free transfers, promotions, security settings, and more.

A non-custodial wallet grants users full control over their crypto assets, stored on their blockchain address. Only users have control over the private keys. Access to wallet and security control via Seed phrase are the main features of using non-custodial wallets. This provides users with bigger opportunities in ensuring the safety of their crypto assets, but also entails bigger responsibility.

With Wallet, you can easily purchase crypto by card, use the P2P Market and swap cryptos, such as TON, USDT and BTC.

TON Space gives you the opportunity to send and receive any Jettons and NFTs minted on TON, swap them and connect to decentralized applications (DApps).

https://wallet.helpscoutdocs.com/article/113-wallet-where-to-start#What-is-the-difference-between-Wallet-and-TON-Space-hMkji

Thank you for the elaboration, like what I see I think op just give the information according to his understanding maybe the information weren't conveyed fully to him so he could just gave expression base on the few information he had from the victim. Naturally I won't still have to use any wallet that is directly associated with TG although I can't actually give accurately if the wallet is a close source or an open source code wallet.

[riqo]

Telegram have to stay in their field of just message encryptation, wallets in telagram sells you out the idea of free crypto transactions with other telegram users but is the price that you will pay if you get banned or something is worth it?

[albon]

You can open and install it in your home menu through this channel https://t.me/wallet
Besides that there are 2 crypto wallets available on Telegram actually, and one of them TON Space is a real non-custodial one, you can fully access its mnemonic seed phrase and import it in any other wallet supporting TON coins, you can also recover its access through email.

This is a good explanation; the two wallets have a clear difference.

TON Space A non-custodial wallet is better than the Wallet, as the TON Space user can access and control his wallet through seed phrases even if his telegram account is banned. However, the downside of using these wallets is that they are centralized and operate according to regulatory requirements. If you read the article [Reviewing Transactions], it becomes clear that user transactions are fully reviewed by the wallet team, and it may take up to an hour to complete the review. They may also impose KYC or force the customer to provide documents such as proof of address and the source of funds.

Telegram wallets are undoubtedly a copy version of centralized platform wallets, so I do not see any advantage to using them despite the risks, delays, and user privacy disclosures that may leave them dissatisfied.

[Fuso.hp]

Probably the most scammed by a user is through Telegram. Many times it is seen that unknown person messages from Telegram account and tries to get to know the user in different ways. He started messaging me in a way that made it seem like he had known me for a long time and how loyal I was to him. When a new member does not catch their deception and when new members reply to his message, he tries to know various personal information through the message and before knowing the personal information, he first lures the user for money. Those who don't know may be greedy for money and often connect the user's website with their website and whenever the user makes a mistake the full access to the user's wallet goes to the fraudster. We need to be aware of these things, fraudsters will always change their cheating style yet we need to stay one step ahead of fraudsters so that we don't fall victim to fraud.

[Woodie]

Without attaching emotions to the problem faced by our friend here, If the user has used telegram without braking any T&C's then its a harsh decision to be honest , besides I don't think telegram just wakes up and bans people from without ..you must have done something to warrant the ban!!

I believe that TONcoin is only available in the Telegram wallet and that there are no other exchanges that provide functionality for trading this particular coin.

But hey it wouldn't surprise me that Nigeria of all places has their phone numbers banned, because of their government's hostility towards cryptocurrency in general.

This is a logical reason if our friend is from Nigeria, but are these guys up to date with the happenings of the world such that they implement whatever new laws government's make around the world.. Btw thought telegram was a safe haven for freedom when it comes to communication   otherwise this is a valid reason to explain the ban but coins need to be given to rightful owner!!

[SmartCharpa]

Though this is the first case I've seen about the telegram wallet, I think it should serve more as a warning for some lazy investors who prefer testing new projects than using the already made available secured opened source wallets to store their funds. For some reason I don't know why people don't think before making decisions.

Well, this is the first time I have heard about telegram wallet, even when I have been using telegram for many years now. I think this should be a lesson for him, I don't know how some people think or do their things when there are many exchanges to buy any coin we desire. I haven't seen this coin in any exchanges, I think that this project isn't worth purchasing right now, even though I have seen a lot of airdrops relating to it. When someone is new to trading, if they haven't experienced losing, they won't know where they are heading because no pain no gain. Next time I believe he won't rush into new projects.

As for your friend @ knowngunman, I really don't think he can recover his funds as I haven't seen anyone appealed before on telegram as was unbanned. Except his ban had a time duration.

There's no way he can recover his funds because it is very hard to recover a telegram account, many of my telegram accounts have been banned, but it's only one that I was able to recover and it takes 6 months when the ban duration is over. Like you said except his ban had duration time, he may have access to his funds, when the time is over.

[Mpamaegbu]

Telegram wallet has 2 backup methods, the email backup which is an online backup and the manual backup which involves writing down the seed phrase. If his friend was able to backup his seed phrase manually, he can easily import it into a TON wallet. I guess he did not and sadly this is the price he has to pay for his ignorance.

I was actually wondering if no one knew that the telegram wallet had seed words that could be used to recover the wallet manually until I read your piece. With the seedphrase intact, I don't think there's much anyone should be afraid of if a ban happens on their telegram account. All they've to do is import the seedphrase to a Ton app. It's that simple. However, until we know the direction telegram is going with its wallet and all that, I still feel users should be cautious with its wallet. Don't leave much funds there.