Wallet in Telegram: What it is and how it works ⚡️ Hamster Academy

Introduction

In this tutorial, we'll explore the Telegram Wallet, a mini-application integrated into the Telegram messaging platform. Developed in collaboration with the TON blockchain, this custodial wallet allows over 40 million users to engage with cryptocurrency easily. Whether you're new to crypto or looking to enhance your wallet experience, this guide will walk you through its features, including sending, receiving, and buying cryptocurrencies.

Step 1: Accessing the Telegram Wallet

To start using the Telegram Wallet, follow these steps:

1. Open Telegram: Launch the Telegram app on your device.
2. Locate the Wallet: Find the Wallet option in the main menu.
   • If you don’t see it immediately, you may need to update your app to the latest version.

Step 2: Setting Up Your Wallet

Once you've accessed the Wallet, you'll need to set it up:

1. Create a Wallet: If you are a new user, follow the prompts to create your wallet.
2. Secure Your Wallet: Set a strong password and enable two-factor authentication if available for added security.
3. Backup Your Recovery Phrase: Write down the recovery phrase provided during setup and store it in a safe place. This is crucial for recovering your wallet if needed.

Step 3: Sending and Receiving Cryptocurrency

Using the Telegram Wallet for transactions is straightforward:

1. Send Cryptocurrency:

   • Click on the "Send" option.
   • Enter the recipient's Telegram username or wallet address.
   • Specify the amount you wish to send.
   • Confirm the transaction.

2. Receive Cryptocurrency:

   • Go to the "Receive" option.
   • Share your wallet address or QR code with the sender to receive funds.

Step 4: Buying Cryptocurrency

To buy cryptocurrency directly within the Telegram Wallet:

1. Select Buy Option: Choose the "Buy" option in the wallet interface.
2. Choose Payment Method: Opt for a bank card or other available payment methods.
3. Follow the Prompts: Complete the required information and confirm your purchase.

Step 5: Using the P2P Market

The Telegram Wallet also allows for peer-to-peer transactions:

1. Access the P2P Market: Navigate to the P2P section within the wallet.
2. Find Offers: Browse through available offers for buying or selling cryptocurrency.
3. Initiate a Trade: Select an offer that suits your needs and follow the on-screen instructions to complete the trade.

Step 6: Understanding Transaction Fees

Be aware of the transaction fees associated with using the wallet:

• Sending and Receiving: Typically, these transfers are free between Telegram users.
• Buying Cryptocurrency: Fees may apply based on payment methods and market conditions.

Conclusion

The Telegram Wallet is a powerful tool for managing your cryptocurrency directly within the Telegram platform. By following the steps outlined in this guide, you can easily send, receive, buy, and trade cryptocurrencies. Take time to explore its features and ensure your wallet is secure. As you become familiar with these functions, consider diving deeper into the world of cryptocurrency to maximize your experience and benefits.