Telegram Wallet
Telegram Wallet — is a digital custodial wallet integrated into the Telegram messenger.
It allows users to manage cryptocurrency assets within the messenger, providing a secure storage method and ease of transactions. Due to the wide reach of the messenger, @wallet promotes mass adoption of cryptocurrencies.
Functionality
Supported currencies and coins
You can buy cryptocurrencies at @wallet using the following fiat currencies:
| EUR (Euro) | USD (United States dollar) | AED (United Arab Emirates dirham) |
| AMD (Armenian dram) | ARS (Argentine peso) | AUD (Australian dollar) |
| AZN (Azerbaijani manat) | BGN (Bulgarian lev) | BRL (Brazilian real) |
| BYN (Belarusian ruble) | CAD (Canadian dollar) | CHF (Swiss franc) |
| CLP (Chilean peso) | COP (Colombian peso) | EGP (Egyptian pound) |
| GBP (Pound sterling) | GEL (Georgian lari) | GTQ (Guatemalan quetzal) |
| HKD (Hong Kong dollar) | IDR (Indonesian rupiah) | ILS (Israeli new shekel) |
| INR (Indian rupee) | KES (Kenyan shilling) | KZT (Kazakhstani tenge) |
| MDL (Moldovan leu) | MXN (Mexican peso) | MYR (Malaysian ringgit) |
| NGN (Nigerian naira) | NOK (Norwegian krone) | NZD (New Zealand dollar) |
| PLN (Polish złoty) | RON (Romanian leu) | RSD (Serbian dinar) |
| RUB (Russian ruble) | SAR (Saudi riyal) | SEK (Swedish krona) |
| SGD (Singapore dollar) | TRY (Turkish lira) | TWD (New Taiwan dollar) |
| UAH (Ukrainian hryvnia) | UGX (Ugandan shilling) | UZS (Uzbekistani sum) |
| VND (Vietnamese đồng) | ZAR (South African rand) |
Supported cryptocurrencies:
| Coin | Network |
| TON | TON |
| BTC | BTC |
| USDT | TON, TRC20, BEP20, ERC20 |
| NOT | TON |
Telegram Wallet Features
Send and receive cryptocurrencies
Users can send coins both to external wallets and directly inside Telegram — through chats using the wallet's built-in functions. Transfers within the messenger are possible both at TON address and at domain name of the user. Telegram Wallet also supports the creation and scanning of QR codes to simplify the process of sending and receiving cryptocurrencies.
It is worth noting separately that Telegram Wallet does not support NFT and Jetton.
Cryptocurrency Exchange
The built-in exchange service gives users the ability to convert one cryptocurrency to another without leaving the Telegram app.
Reporting
The Wallet provides users with detailed information about the current balance and transaction history.
Account Replenishment
Top-up
There are 3 ways to top-up the wallet in the application:
- Bank Card
- Via P2P market (Telegram Wallet support acts as an arbitrator to resolve disputes);
- By transfer from another wallet.
Exchange
- Currency conversion within the wallet is available between all supported assets (TON, NOT, BTC, USDT).
Security Mechanisms
For the security of user funds, the Telegram Wallet app uses:
- KYC (Know Your Customer) — after creating a wallet, the user is required to provide personal data and an identification document for full access to the functionality.
- Two Factor Authentication (2FA) — an additional level of protection that requires you to enter a code from SMS when logging into your messenger account;
- Wallet Password Code — password for access to the wallet, which the user can set independently;
- Biometric wallet authentication (FaceID — iOS, TouchID — Android) to quickly and securely log into your wallet;
- Binding wallet to @mail to allow you to restore access in case you lose your password or device.
These measures help to ensure security and protect user assets.
TON Space
TON Space is a non-custodial cryptocurrency wallet that is integrated with Telegram and gives users full control over assets on the Telegram Open Network (TON) blockchain. It is available in the Telegram Wallet — TON Space beta setting.
TON Space was introduced in August 2023.
Differences between Telegram Wallet and TON Space:
| Characteristics | Telegram Wallet | TON Space |
| Type | Custodial | Non-castodial |
| Private key control | Private keys are stored by a third party | Seed phrase stored personally by the user |
| Cryptocurrencies | Bitcoin (BTC), Tether (USDT), Toncoin (TON) | Toncoin, tokens in TON network, NFT (TON) |
| NFT support | No | Yes |
| Security | KYC (identity verification), Two Factor Authentication (2FA) | Access key
(Seed phrase) |
| Restoring access | Linking to email to restore access | Linking to email and using the backup phrase |
TON Space is at the beta testing stage, which means that the product is not yet complete and is still being developed. In the beta stage, developers are actively collecting user feedback and testing new features.
Wallet Pay
Wallet Pay is a payment platform designed to pay for goods and services via Telegram. By integrating Wallet Pay into a text bot or into their Telegram Web App, merchants can accept and process payments in Toncoin, Bitcoin and USDT cryptocurrency.
Sellers can specify prices for goods or services in fiat currency, but when paying, the buyer will see the equivalent in cryptocurrency.
Payments are made directly inside the bot in Telegram using the user's Wallet balance.
Each user can try in test bot how the purchase process takes place (payment in the bot takes place in the main network, so the funds of 0.01 TON are deducted irrevocably).
History
Telegram Wallet was created as part of the Telegram Open Network (TON) project, where users could exchange cryptocurrencies and conduct financial transactions directly through messenger.
2018
- Pavel Durov announced the development of the Telegram Open Network (TON) blockchain platform and its cryptocurrency Telegram Wallet;
2019
- Development and testing of the wallet has begun. The launch of TON test network took place in October 2019, allowing users to try out the new technology.
2020
- Due to legal issues with the SEC, the team shut down the Telegram Open Network project and the development of Telegram Wallet was suspended;
2022
- The resumption of Telegram Wallet development has been officially announced;
2023
- In August 2023, the internal non-custodial wallet TON Space was introduced, which allowed users to manage assets, perform exchanges and transfers of NFTs and tokens on TON network.
- In November 2023, the global launch of the Wallet began.
- At the end of the year, the wallet became available to all users in beta version.
2024
- Telegram Wallet implemented new KYC rules requiring users to provide personal information to access most wallet features.
- In June 2024, Telegram Wallet began working with WOT Global Solution, a subsidiary of The Open Platform (TOP), which will process user data for KYC.