Bitcoins, Telegram and Security - page 3.

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legendary

Activity: 1372

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Quote from: Sidra101 on April 24, 2023, 01:29:44 AM

The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other.

Ok so I also have doubts about it. Does this mean that apart from buying with the bank card (KYC) you can make P2P trades without KYC? It should be so, I imagine, as Telegram sells itself as being very respectful of privacy. I don't use Telegram much nor do I know how it works, but I welcome it if it is implemented that way.

livingfree

hero member

Activity: 2884

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Hire Bitcointalk Camp. Manager @ r7promotions.com

I've read of the news before but I'm trying to look for the source of it but having hard time finding it. Anyway...

Quote from: Sidra101 on April 24, 2023, 01:29:44 AM

My Question; How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.

I'm not too quick to judge it but then knowing that it's on Telegram where everything can be made easy especially by just its users. I wouldn't trade there even if it's going to be an actual project made by the Telegram team.

I'd rather choose those popular exchanges than them because of the impression that it has built over time with those scammers that have been using them as a den.

LittleBitFunny

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The first decentralized crypto betting platform

Quote from: Sidra101 on April 24, 2023, 01:29:44 AM

My Question; How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.

If you feel unsafe, don't use it and ignore it. If I remember correctly, there was some news before that Telegram was developing an exchange to compete with other exchanges, and this could be their first move. After all, their service is a centralized service no different from the centralized exchanges we already have. Meanwhile, we have plenty of other reputable exchanges on the market, but if you're using one of them, go ahead and skip Telegarm. Furthermore, these exchanges are for trading purposes only, and do not use exchange wallets to store bitcoins or other cryptocurrencies.

Lillominato89

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Quote from: Sidra101 on April 24, 2023, 01:29:44 AM

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My Question; How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.

unfortunately we are always there, if you don't have the wallet keys you are not the owner of your btc. basically telegram is safe, I hope the wallet is too. I personally will use other alternatives!

balotelli

full member

Activity: 317

Merit: 104

Why Always Me,.

Securing is a process, and all systems in the world today have potential flaws and can be attacked at any time, which is why Microsoft Bug Hunter exists. We shouldn't worry too much about this.

Potato Chips

hero member

Activity: 2786

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yesssir! 🫡

Ooooh I've heard of this before. Looks like they're offering more service, thanks for the update Cheesy

As for your question, I'll just treat it the same way I treat centralized and custodial platforms because they're in the same group. In addition, since they're still building up their reputation in the community, I'd also place them lower than already established CEXs.

There will be people who will try to get into your account so I suggest exploring your settings and enable anything that could improve security, particularly the "2fa password".

bayu7adi

hero member

Activity: 1470

Merit: 555

dont be greedy

It is advisable to use a non-custodial wallet directly without involving any third party. This is because, if someone else gains access to our wallet information, it could pose a serious long-term threat.

Creating a wallet through the Telegram API is actually risky as we are unaware of who controls the API behind the scenes. Although it may offer convenience, compromising our security is not worth it when it comes to managing our digital financial transactions. Moreover, if you have a significant amount of Bitcoin, it is too risky to store it via a wallet on Telegram.

SquirrelJulietGarden

hero member

Activity: 1442

Merit: 775

Quote from: Sidra101 on April 24, 2023, 01:29:44 AM

How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.

Not project or platform is perfect in security.

Telegram has different layers of security: Login with your phone number and login code; a security password (if you set it up for your account security). You can recover your security password via email if you forget it. Your email should be secured well with its password and 2FA protection.

I think it is good enough to use but I don't like to trade via Telegram especially if it is on my phone. On computer, the problem is trading volume like we have many centralized exchanges and decentralized exchanges, we have to choose best to use. I am unsure that Telegram trading platform can be attractive enough in trading volume, liquidity etc.

mendace

hero member

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What do you mean by hacked? If you talk to me about how you can log in with another user's number, that doesn't mean hacking the software but simply having made a good catch, while corrupting the software is quite different and it doesn't seem like they've succeeded yet. Basically it is safe but I prefer to use other methods for my bitcoins.

Sidra101

newbie

Activity: 38

Merit: 0

Telegram messaging app users can now purchase, withdraw, and exchange Bitcoin (BTC) through the Wallet bot and its associated services.

This move, announced on April 21, builds upon Telegram’s existing services related to cryptocurrencies, but it is noteworthy that the Wallet bot was created by a third-party developer using Telegram’s open bot API.

The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other.

This development is a significant addition to Telegram’s cryptocurrency services, which are already widely used within the app. Telegram’s open API allows developers to create their own crypto-related bots, which can be used without any direct involvement from Telegram.

My Question; How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.

Topic: Bitcoins, Telegram and Security - page 3. (Read 436 times)