Topic: Telegram launches crypto currency wallet. (Read 420 times)

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.

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.

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.

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.

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

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

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.

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

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.

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.

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.

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.

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.

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.

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.

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

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.

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.

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 mean, I cannot deny Telegram is like a paradise for scammers. I have personally been targeted by them several times.
The amount of scammers and weird stuff taking place there may have much to do with the huge grade of freedoom and lax rules they have over users and their behavior.

I have taken a look to Ton and Telegram integration of that coin and I must say that (even though it would be a very risky investment) there could be a very bright future for Telegrams and Ton ecosystem, if somehow this messaging app gets more mainstream and scammers get moderated or kicked out somehow.

I have also noticed there is a big Russian population in Telegram.

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.

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.

Yes, it's obvious that you will not have total control of it, so maybe those who are not into crypto might try it a bit or maybe they will just used it for their Telegram activity with others.

But for us, it's not a good idea specially putting huge amount of money on it. As you have said, not your keys not your coins.

And then there is also the threat of hackers and cyber criminals that can scoop our wallet anytime.

It's just how centralized service works.


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.

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.

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.

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.

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

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.

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.

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.

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.

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.

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.

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?

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.

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.

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.

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.

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.

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.

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.


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.

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. 

I have to look at my Telegram account to see if there's a wallet option but I haven't seen one. It may take time until most users will have to use its newly added features for crypto wallet. While there are mixed reactions about this wallet, we're all free to our own opinions and entitled to think what we think about it. What's worrying are of course for the newbies that they need to be careful with such.
They'll have to understand what a centralized and decentralized wallet means. So, if this Telegram's crypto wallet gives no custody to the users, it is not advisable for newbies to start with this wallet. Because it's better to use those traditional crypto wallets that we've known for them to get protected.

To be fair I wouldn't trust this centralized wallet, feels like decentralized but it is still centralized in server space. It is really not smart to go with it. Maybe I need to learn more about it, maybe it is going to be fine, but it is just not going to be fine for a long time.

It feels like the NFT space basically, it says you own it, but if the server goes down, your image will not show up, and that is why it will not be truly yours, not really at least. This is that sort of thing but maybe I did not get it and maybe I am wrong and it will do a lot better. I could be proven wrong, but until I am, I am not going to end up using it, it is going to take a while to do that before I change my mind and start using it.

So finally they have done it.
But I'd still prefer increasing their security first and filtering those scammers out there that had been targetting a lot of newbies in both Telegram and cryptocurrencies. Because it's not new to us that Telegram has been one of the go-to applications for ICO products and other start-up cryptocurrency projects. I have seen so many types of scams in that application and some of them are really inviting but thankfully I've had some bad experiences where I already learned my lessons.
Anyway, congratulations to them and I wish this is not the end of the line. They should now think of tightening their security because they now have a wallet feature.

Read this topic
https://bitcointalksearch.org/topic/uks-travel-rule-comes-into-effect-5465881
If this is a custodial wallet, then the company will comply with all FATF regulations, so there will be no control over your funds.
It is better to use any decentralized cryptocurrency wallet because it is safer.

I have been using ton wallet in telegram to claim my airdrop and i got stick when i was interacting with the bots. It seems like that all the problems are already solved since i have been able to claiming it easily. It takes only a few seconds for the transfer to be deliverd from telegram built in wallet for TON.
When an account has been hacked and the wallet will be lost. It's caused by telegram has not yet implemented protection for its wallet before but this time is quite different as telegram already put an option to add password when you are willing to log in into your wallet.
You need to have your phone number + password to log in. This is much safer.

[/quote]In case, the telegram user wasviolating the rules and i think the wallet will be banned as well.

Almost every wallet launched has it own tokens and alao supported bitcoin, now in their own case they are not being specific to us on which coin is their wallet going to support, is it bitcoin only, altcoins only or both, also we can see that many of these kind of project always aim at introducing their own centralized account other people refer to as centralized wallet, because they are introducing their own coin it will support, maybe it may support orher coins as well or not we cannot tell, remember we have bitcoin only and altcoins only supported wallets.


Honestly there's nothing safe in anything that is coming from a centralized authority, this makes no difference from using an exchange as I've earlier said, not your keys not your coins, you will be surprised the way they will deal with their users with censorship after some time, telegram is off the game, just as I can't accept an offer from business to introduce me their Binance wallets and they are telling me it's non custodial.

What wallet is this because telegram has a lot of wallet available on their blockchain since they have their own Blockchain called TON. I’m using Tonkeeper wallet long time ago to hold my tokens native to TON. I’m not what this kind of wallet but there’s a lot of wallet on TON network which is by telegram team.


I made a few research and I believe the article is misleading. A branch on telegram network called Wallet recently announced to develop their own non custodial wallet on the network. You can find the project link here: http://wallet.tg/ton

If they want to record good success, they have to support BTC.

If they decide to integrate the wallet into their telegram app, they will not be the first to be doing it, Mixin messenger has a wallet in it. But for telegram where there are already many scammers taking advantage of the app, a wallet in the application will help them. The best choice should be a wallet separate from the app that supports btc.

From the looks, I strongly believe Bitcoin would be included because of the large followership they  already have. Their members are so voluminous that possibly over 80 percent of them are bitcoiners so definitely Bitcoin would be put into consideration and come to talk of it, is there any wallet that launches without including Bitcoin to their wallet address option or do they want to use the wallet themselves?.

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?

As I was reading this post what came into my mind was the Vitalik account hack on X.  So OP your question eventually answered your query. Yes! With just a clone of the account it's an automatic access to the havker into the account wallet. Mind you it was just a clone on Vitalik sim number that's how the hackers got access.

I can't find reasons to creates more and more wallets for myself right now and if I wanna create one it wouldn't be a telegram wallet. If scammers and hackers have usually had it easy hacking and cloning telegram users accounts of what difference will the security make now that a money wallet has been attached . I think telegram hacker might be throwing an in house party right now over this development.

I will first congratulate telegram and it's users for this new offer, but yet am not going to say it's a big catch for the bitcoin network considering that we are not sure of the coins this wallet could support, which i believe it's obviously not going to be all cryptocurrencies, even though there's no how they will start with the enlistment of supported currencies without mentioning bitcoin on their list, however using this wallet as a bitcoiner is not encouraged enough because it's no difference from an online wallet.

Secondly if we consider the rate at which telegram itself get hacked and leak user data, having a wallet with them is neither safe because if the user's contact number is attacked, it renders the wallet on that account being compromised as well, all these are nothing different from using a centralized exchange and has same level of risk which is not good enough for security and privacy.

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.

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


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?

Telegram is not a first company that develop and launch their cryptocurrency wallet. Many cryptocurrency wallet companies there and if they have coins or tokens, not all of them get good interest from Bitcoin or cryptocurrency investors.

If I have Bitcoin to choose, I don't pick TON because Telegram made their cryptocurrency wallet and provides it to cryptocurrency communities.

I read through the thread and also the article but couldn't find a place where Bitcoin in particular was discussed or how it can benefit bitcoiners or Bitcoin itself. but your curiosity is what I really appreciate it is almost all I wanted to ask about the telegram wallet. The image above is as a result of trying to find relationship between bitcoin discussion and the thread reading what is on the section description, to me it doesn't connect but if am wrong you can correct me.
Still on the telegram wallet I believe it will work as telegram future it to be because most conversation in this forum is done on telegram. Cryptocurrencies activities are most done using telegram. Adding to that I would love to have asked a question; like will telegram become decentralized? because anonymity is what we preach and some more questions but I will reserve the question for now.

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.

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