Telegram launches crypto currency wallet. - page 2.

vv181

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Quote from: fzkto on September 16, 2023, 10:05:55 AM

Quote from: vv181 on September 16, 2023, 06:41:12 AM

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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.

I think it's more like some kind of scam. A wallet that needs to be linked to your telegram account and you don't have a private key. Also, nothing has been heard about ton blockchain lately, but the coin has a huge capitalisation and is in the top cmc. I think it's kind of weird for a blockchain that hasn't shown anything yet.

It's just how centralized service works.

Quote from: Sophokles on September 16, 2023, 02:52:23 PM

As per their press release, this wallet is still in beta testing mode, and the possible release date is Q4 of 2023. They claim that this wallet will be self-custodial, and we all know Telegram is an open-source social media app, so I don't think there will be any risk of using their features. They claim it to be a multi-currency wallet, so I am expecting BTC, ETH, and ETH-based tokens, and their native token, TON, to be available in that wallet.

Which press release?

Wallet was developed many years ago, and AFAIK, already not in beta test. It also has been released. It's also not self-custodial. Telegram is not a social media and there is a risk using their features.

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Quote from: DeathAngel on September 16, 2023, 01:53:33 PM

Goad to see more mainstream companies willingly getting into crypto but I wouldn’t touch these type of ‘wallets’
It’s boring & everybody is sick of hearing it but it needs to be hammered home until every man & his dog is aware, not your keys not your coins.

What's wrong with it? Have you ever used it?

As per their press release, this wallet is still in beta testing mode, and the possible release date is Q4 of 2023. They claim that this wallet will be self-custodial, and we all know Telegram is an open-source social media app, so I don't think there will be any risk of using their features. They claim it to be a multi-currency wallet, so I am expecting BTC, ETH, and ETH-based tokens, and their native token, TON, to be available in that wallet.

so98nn

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I am not very comfortable with the wallet that is able to fetch the data via in-chat application mode. I think it's very risky and there are chances that one can be a victim of phishing links. One can easily get trapped with hundreds of channels or groups that host likeable content to which we are subscribed. As we know very well telegram also has bot functionality and it is one of the authentication process when we enter new groups or let us say private chats. Who knows someday someone will create a bo, instead of getting verified on a channel we might just get phished with such bot. Isn't that fearful? Since wallets will be synched with telegram all the time, that is one of the possibilities that we can not deny at any cost. It's all about our money. I think it would be surely popular but as an individual I am good with my own wallet and non-custody is a safe passage to keep your funds safer in crypto. However, cheers to the community who is loving this idea. Hope it adds more money in the entire ecosystem.

DeathAngel

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Goad to see more mainstream companies willingly getting into crypto but I wouldn’t touch these type of ‘wallets’
It’s boring & everybody is sick of hearing it but it needs to be hammered home until every man & his dog is aware, not your keys not your coins.

coinerer

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Quote from: Husires on September 14, 2023, 06:38:42 AM

Companies use 12 words to encrypt account data and be able to change the password, and some of them are based on the same encryption structure as Bitcoin. these companies will integrate the ability to create public addresses for the accounts so that you receive money and you can spend it from any phone by downloading the application and inserting the twelve words, where you will be able to access your account and perhaps even After verifying the identity, access to the private key. I was amazed by Telegram and maybe we will see how the currency will perform in the next few weeks.

Telegram is a bad software there are huge amount of spammers and scammers. Telegram company introduced different rules for their application but not able to reduce scamming and spamming how can they ensure security of their wallet i am very confused about telegram wallet. so i am yet not interested for this. There are many non-custodial wallets in the market which are very secure so it is wise to use them. But I wish you all the best in the new journey of Telegram

AnonBitCoiner

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Quote from: OgNasty on September 15, 2023, 01:32:34 PM

Telegram has to be the platform with the highest percentage of scammers of any available on the internet. I would honestly guess that >90% of the registered accounts on Telegram have been registered with the intent to scam. If there's a single app that should be nowhere near a cryptocurrency wallet, it's Telegram. My advice to everyone would be to stay as far away from a Telegram wallet as possible and if you are forced to use the app for some reason, never engage in a cryptocurrency trade of any kind with people you interact with on there.

Telegram and twitter accounts both are used for crypt scam activity. Twitter is used for phising links while telegram is also used for stealing phrase and other data. Daily i receiving dozen of scam messages from scammers pretending to be a exchange admin. Telegram wallet is not secured at all and keeping fund there is high risky..

Telegram is often used for airdrop and at start i have joined many telegram bot airdrop. Telegram built in wallet will be useful for this but only work with Ton network. I think Telegram team are looking to achieve large number of telegram users who used wallet for funding but i don't think any experience person will use it. Only newbie and airdrop hunter will use it and we will see many scam case after some months.

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It feels like Telegram is gradually wanting to become a clone of WeChat with the possibility of internal payments in its own ecosystem.

OP correctly noted that hacking and stealing Telegram accounts will not surprise anyone, therefore, the built-in TON wallet will repeatedly be at risk of hacking, which we will repeatedly hear about in the news.

If the account is blocked, undoubtedly, the built-in wallet will also be banned and something tells me that the contents of the wallet will be included. This is precisely why custodial currency wallets are bad, that the actual owner with the right to manage the wallet is not the user, but the owner of the platform.

Of course, the wallet will be directly linked to the real owner of the account, that is, all transactions in the TON network will be identified with a specific person, because the account is created by phone number. This can only be avoided if the phone number was not registered to you.

My opinion is the following: I believe that TON, a built-in wallet, and registering a Telegram account using a phone number will not benefit digital freedom.

fzkto

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Quote from: vv181 on September 16, 2023, 06:41:12 AM

Quote from: cryptoaddictchie on September 16, 2023, 03:38:26 AM

Quote from: vv181 on September 14, 2023, 01:17:58 PM

Yes, it did.

I have tried it and it seems it is available directly on the Telegram app, I interact the wallet using the bot features.

Hello how to access this wallet in the app. Im looking for it but Im not sure where to open the wallet via app. Does we need to do something first or download it or set it up? Cause based on the images above it works like the bots on other third party dapp. Hope you could tell where in the app section can we start opening it?

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.

I think it's more like some kind of scam. A wallet that needs to be linked to your telegram account and you don't have a private key. Also, nothing has been heard about ton blockchain lately, but the coin has a huge capitalisation and is in the top cmc. I think it's kind of weird for a blockchain that hasn't shown anything yet.

vv181

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Quote from: cryptoaddictchie on September 16, 2023, 03:38:26 AM

Quote from: vv181 on September 14, 2023, 01:17:58 PM

Yes, it did.

I have tried it and it seems it is available directly on the Telegram app, I interact the wallet using the bot features.

Hello how to access this wallet in the app. Im looking for it but Im not sure where to open the wallet via app. Does we need to do something first or download it or set it up? Cause based on the images above it works like the bots on other third party dapp. Hope you could tell where in the app section can we start opening it?

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.

o48o

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Quote from: AmoreJaz on September 15, 2023, 03:46:47 PM

that's what i was thinking here. these scammers have always the guts of sending you unsolicited PMs. i don't know how telegram will curb down those fraudsters. for sure, a lot will be screwed on this app. better deal to a person that you personally know of and know his username in telegram. but if you just happen to know it via app, doubt the motive of such user.
if nothing else, this move may increase the number of crypto users, however, as you said, this may not be good as scammers will proliferate more with their scamming techniques.

Amount of scammers has been only rising in telegram, depending in which channels you lurk, not to mention if you make a mistake of saying something in some of those channels. I've been contacted scammers from same channel for a year now just because apparently i asked something year ago. I haven't been part of that channel forever and was added to it by someone else before i changed my settings so that no one can add me to anywhere.

I can't believe they are basically giving more ammo to scammers, by making it easier for them to scam us.

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Quote from: CryptSafe on September 14, 2023, 07:04:31 AM

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.

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Quote from: vv181 on September 14, 2023, 01:17:58 PM

Yes, it did.

I have tried it and it seems it is available directly on the Telegram app, I interact the wallet using the bot features.

Hello how to access this wallet in the app. Im looking for it but Im not sure where to open the wallet via app. Does we need to do something first or download it or set it up? Cause based on the images above it works like the bots on other third party dapp. Hope you could tell where in the app section can we start opening it?

Apocollapse

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FYI, the official telegram wallet can be accessed here https://pay.wallet.tg/ there many phishing and fake sites out there.

I can say the wallet created by telegram is bad because there are three things that doesn't looks good. First they're asking to submit KYC, they charge flat fees around 1-3%, this is big if you're send a big amount of coins and you need to wait for 48 hours to receive your coins, it's not instant.

Quote from: https://telegra.ph/Information-about-fees-balance-and-withdrawal-06-25

Information about fees, balance and withdrawal

What fee should a merchant pay?

The fee is individual for each merchant, it depends on a number of parameters and is set after passing the successful verification of the application. Usually it is around 1-3%.

Fee is deducted from every successful payment amount. For example: a merchant’s fee is 2%. The product that a buyer pays for costs 20 TON. After a successful payment, the merchant will receive 19.6 TON.

Standard fees will apply when withdrawing from Wallet to another service.

Quote from: https://docs.wallet.tg/pay/#section/Get-started

2. Take a short survey
If you are logging in for the first time, or some additional information is required, Wallet Pay offers you to answer several questions for more details. There are two steps:

Questionnaire
KYB (Know-Your-Business) or KYC (Know-Your-Customer) checks
Once completed, your application will be reviewed shortly, and you will be notified about the results. If successful, you will see the fee charged by the service, and get access to your account where you can start the integration.

6. Withdraw the funds
After the customer confirms the payment, the funds are credited to your Assets and held for 48 hours by default. After this time expires, you can withdraw the funds to the balance of your Wallet account you used to log in to Wallet Pay service

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Quote from: OgNasty on September 15, 2023, 01:32:34 PM

Telegram has to be the platform with the highest percentage of scammers of any available on the internet. I would honestly guess that >90% of the registered accounts on Telegram have been registered with the intent to scam. If there's a single app that should be nowhere near a cryptocurrency wallet, it's Telegram. My advice to everyone would be to stay as far away from a Telegram wallet as possible and if you are forced to use the app for some reason, never engage in a cryptocurrency trade of any kind with people you interact with on there.

That was the very first thing that came to my mind, I have a telegram account and the amount of users which have tried to contact me to try to scam me has to be the highest by far, and yet the people behind Telegram somehow think people with any common sense are going to use a centralized wallet in which we will not be able to control our coins and put them at risk to all of those scammers? They must be out of their minds if they actually believe such a thing.

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Quote from: OgNasty on September 15, 2023, 01:32:34 PM

Telegram has to be the platform with the highest percentage of scammers of any available on the internet. I would honestly guess that >90% of the registered accounts on Telegram have been registered with the intent to scam. If there's a single app that should be nowhere near a cryptocurrency wallet, it's Telegram. My advice to everyone would be to stay as far away from a Telegram wallet as possible and if you are forced to use the app for some reason, never engage in a cryptocurrency trade of any kind with people you interact with on there.

that's what i was thinking here. these scammers have always the guts of sending you unsolicited PMs. i don't know how telegram will curb down those fraudsters. for sure, a lot will be screwed on this app. better deal to a person that you personally know of and know his username in telegram. but if you just happen to know it via app, doubt the motive of such user.
if nothing else, this move may increase the number of crypto users, however, as you said, this may not be good as scammers will proliferate more with their scamming techniques.

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Telegram has to be the platform with the highest percentage of scammers of any available on the internet. I would honestly guess that >90% of the registered accounts on Telegram have been registered with the intent to scam. If there's a single app that should be nowhere near a cryptocurrency wallet, it's Telegram. My advice to everyone would be to stay as far away from a Telegram wallet as possible and if you are forced to use the app for some reason, never engage in a cryptocurrency trade of any kind with people you interact with on there.

o48o

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I don't see this as big news, but it could be worth time to stock some TONcoin. It's been reacting slowly to the news. I am assuming that the community has heard rumors about this for a while now and they are stocked up, so depending how many media sites this will reach, others might buy it too. Like me.

famososMuertos

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I don't know what the fuss is about, this has been around for a while and what happens, simply there is new version 3.0.
Then! most services of all kinds, websites, and social networks as important as Telegram are integrating their services with cryptocurrency wallets.

The procedure is always the same, if it is extremely necessary to use a wallet on Telegram, do so and apply everything that is always said about this type of wallet, the rules or security commandments to follow do not change in any way, we no longer trust a service or another for the simple fact of being popular.

Now it is Telegram but if another recognized Brand did it, you should only consider its use or simply ignore it and use the wallet or HW that are recommended.

Adding wallets to services is not a new technique to marketing, this happened (happens) with e-wallets.

Fortunately with cryptocurrencies we can use decentralized ones, it's just that the marketing game and the laziness of users make them trust a brand of products that is in the very essence of what the service means.

vv181

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Telegram has developed a wallet since back then. It is exited that they finally moving forward with these developments announcements. I believe they could garner their existing user to try and maybe use that particular wallet bot/application. However, I do not set a high hope they could compete with the current popular Wallet like Metamask, and specifically a bitcoin-focused wallet such as Electrum, Sparrow, etc.

Quote from: _act_ on September 14, 2023, 06:35:29 AM

Is the wallet going to support bitcoin?

Will the wallet be on a separate app which is not telegram or it would be on Telegram?

Yes, it did.

I have tried it and it seems it is available directly on the Telegram app, I interact the wallet using the bot features.

milewilda

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Quote from: _act_ on September 14, 2023, 06:35:29 AM

This is not about bitcoin but about an altcoin called TON:

Quote

The wallet’s debut occurred at the ongoing Token2049 event held in Singapore, where Telegram and TON Foundation jointly announced the new self-custodial wallet, called TON Space, which boasts more than 10,000 attendees.

Is the wallet going to support bitcoin?

Will the wallet be on a separate app which is not telegram or it would be on Telegram?

Basing up on what i had tested out.

It would really be opening up a some window once you do hover on TON wallet site and there's a specific wallet made out for Telegram.
If it does accept Bitcoin? Yes, it does.

Good move for Telegram but they should had made this move long years ago. Cool

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