Altcoins Talks - Cryptocurrency Forum
Learning & News => For Beginners => Basic Questions about Cryptos => Topic started by: Yamzakid on July 16, 2024, 01:40:10 PM
-
my issue is relates to wallets, I planned to start this discussion on the crypto wallets board. However, now that I think about it, it will also be helpful here because this board is for beginners. I'm not sure whether this question has been asked here before, but it will still be beneficial for us to discuss it again.
I just found out that some people, particularly those who mine meme coins on Telegram, are storing their coins in Telegram wallets. A friend of mine complained angrily to me about the wallet that his telegram account was hacked and he has no access to his wallet again if there is any way I could assist him, and I told him I don't know about the wallet because I don't know how safe it is.
in my opinion, if there is anything that will prevent a user from accessing their wallet, I can't recommend using it. But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
-
I read somewhere that there are such wallets, but there is only one truth in all this, and that is that if a person does not fully control his private keys, then he is in great danger of somehow losing his coins. Therefore, the conclusion is very clear, such a wallet is not secure and is the complete opposite of what we consider secure.
For the average user, a hardware wallet that comes from a renowned manufacturer is the best and simplest option that needs to be paid for, while on the other hand desktop and mobile wallets come in free versions, but as hot wallets they are only recommended for smaller amounts due to the vulnerability of the systems on which they are located.
The conclusion is that the greatest risk comes from online wallets, whether they are really online wallets or your account on a centralized exchange.
-
I have never used such a wallet and i would never do so. Why use a telegram wallet when there are a lot of recommended wallets out there to choose from, i am sure this wallet is custodial and it is not open source.
If it is altcoins you want to store, there is a recommended option in Unstoppable wallet, it is also open source, and if it is for BTC, you can use Electrum or BlueWallet, however if you'll be storing a lot of funds, then use a hardware wallet or run Electrum in an airgapped device.
-
my issue is relates to wallets, I planned to start this discussion on the crypto wallets board. However, now that I think about it, it will also be helpful here because this board is for beginners. I'm not sure whether this question has been asked here before, but it will still be beneficial for us to discuss it again.
I just found out that some people, particularly those who mine meme coins on Telegram, are storing their coins in Telegram wallets. A friend of mine complained angrily to me about the wallet that his telegram account was hacked and he has no access to his wallet again if there is any way I could assist him, and I told him I don't know about the wallet because I don't know how safe it is.
in my opinion, if there is anything that will prevent a user from accessing their wallet, I can't recommend using it. But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
Telegram wallet is known as ton space I think, well specifically that wallet is based on Ton blockchain and is a web3 wallet which means if you have the seed phrase you can open that wallet on any other ton blockchain-based wallet. The point is, if your friend's wallet is lost to hackers or scammers, then there is no way he will leave the funds in it (if there were any).
If your friends did not save the seed phrase manually but backed up the wallet automatically by choosing the other option to save the wallet withe mail address. Then he need email to get the OTP and he will be able to get the access back, and same can be done with seed phrase. But what if there is no funds remain in it.
https://wallet.helpscoutdocs.com/article/86-security
This link might be of some help to you.
-
It's not even clear whether OP's friend talking about wallet provided by Telegram itself or someone else (in form of bot). Although both of them are custodial, where ones provided by Telegram itself also have KYC requirement. And aside from what others said, IMO it's not very safe to combine messaging and wallet on same application.
Edit: I just found out Telegram wallet also provide self-custodial option (i never try it though), although custodial remain the default option.
-
And aside from what others said, IMO it's not very safe to combine messaging and wallet on same application.
Yeah, and especially a messaging application like Telegram that is known to be a 'home' of scammers and different kind of scams, i cannot imagine one using a Telegram wallet, when the recommended options to choose from are just so many. I guess people just like to take the risky step and put their coins in danger.
-
And aside from what others said, IMO it's not very safe to combine messaging and wallet on same application.
Yeah, and especially a messaging application like Telegram that is known to be a 'home' of scammers and different kind of scams, i cannot imagine one using a Telegram wallet, when the recommended options to choose from are just so many. I guess people just like to take the risky step and put their coins in danger.
I was always afraid of any browser-based wallets, so even though I tried some online wallets at the beginning, I realized that it was simply too big a risk and I never kept large amounts in such wallets.
What is obvious is that many people want all-in-one solutions, and if that means that it has a chat application that also offers a crypto wallet, then at first it seems very attractive. Let's be realistic and honest, how many people do you think understand the difference between custodial and non-custodial wallets? I don't dare to write a percentage, but I am sure that it is quite high.
-
Actually not really recommended store or holding your assets trough telegram wallet due many user suddenly get suspended their account without any an acceptable reason. I think telegram wallet too risk when holding our assets secure or not but how easily telegram account got suspended and we can't recovery back after account banned although have access with phone number or our account secure 2FA.
Must be careful when holding assets in Telegram wallet and must withdraw to main wallet as CEX exchange to secure our assets from banned of telegram account.
-
my issue is relates to wallets, I planned to start this discussion on the crypto wallets board. However, now that I think about it, it will also be helpful here because this board is for beginners. I'm not sure whether this question has been asked here before, but it will still be beneficial for us to discuss it again.
I just found out that some people, particularly those who mine meme coins on Telegram, are storing their coins in Telegram wallets. A friend of mine complained angrily to me about the wallet that his telegram account was hacked and he has no access to his wallet again if there is any way I could assist him, and I told him I don't know about the wallet because I don't know how safe it is.
in my opinion, if there is anything that will prevent a user from accessing their wallet, I can't recommend using it. But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
It's truly convenient that everyone using Telegram can create a Telegram Wallet to store and transfer tokens within the Ton ecosystem. I believe the security level of Telegram Wallet depends on the security level of Telegram itself, and so far it has been quite good. At least, I haven't heard of anyone's Telegram Wallet being hacked due to a flaw in the code or Telegram itself.
However, it's also a hot wallet and is always online whenever you use Telegram, so it's not as secure as hardware wallets. Compared to other hot wallets such as MetaMask and SafePal, I think Ton Space has comparable security, and if you don't need to store too many crypto assets, it's still trustworthy and worth using.
-
I have been using Telegram wallet for a long time, but I have never stored many assets in Telegram Wallet.
it is only used for a few projects on the TON network and even I am not in the mood to store many assets in the Telegram wallet.
It's about security and it's better to keep it in my personal wallet, using a hardware wallet it's safer and there's full control and more security.
-
As @Lucius (+1) has said very well, those wallets in which the users do not control the private keys are not really ours, that's the first thing any user approaching cryptocurrencies for the first time should learn. Any wallet (especially hardware wallets) is much more secure than wallets that "depend" on some type of service, like Telegram in this case, even software wallets in which we control the private keys. Your friend has learned a hard lesson.
-
What the telegram wallet when self custodial wallets are out there for you to use and secure your coins. Though I don't know what coin you are talking of. But if it is bitcoin then I advise you to use Electrum wallet and not telegram wallet. Telegram is a social media and anything can happen to social media accounts. If your telegram account is deleted then your coins are also gone. Therefore you better use the wallet I mentioned above.
-
maybe they are not expecting too much off the meme coin that they just put it somewhere unsafe. unless its become easier to use the memecoin in telegram channel where they could spend in a game, like the TON tokens i guess that's something understandable.
but if you are storing BTC and other major crypto, just use the appropriate. because you don't have the private key to those telegram wallet. however its linked to your phone number though which it is only your phone number that can access your coins. of course there is a hack to this but you don;t have to wait til your wallet gets compromised so its best to just use a safe wallet.
-
I think there's a discussion about such wallets online but I haven't tried using it. My advice to you is that you should just use the wallet that is used by many people like rather than using a wallet that you have just heard or know about it. If you want to use it then you shouldn't store some coins there if I were you. Doing what I just said would surely help you not lose money because of a wallet.
-
I think the phenomenon you mean refers to hamster combat, where the tokens you get don't actually have a special wallet to hold them, moreover the coins you get can't be exchanged anywhere (even though there has been news that Bybit is ready to be the exchange that lists these coins).. .Until now, Hamster Kombat is still in its early stages, so it's natural to still store it in a Telegram-based wallet..
However, my advice is to never store valuable tokens in a telegram wallet, it's really not safe... just like you find BTC wallets based on telegram bots... it's very unsafe... in fact we all never know how it works This bot means that many people have become victims of hacking without having to hack their Telegram account. Until now, non-custodial wallets are still the safest for storing BTC balances.
-
It's not even clear whether OP's friend talking about wallet provided by Telegram itself or someone else (in form of bot). Although both of them are custodial, where ones provided by Telegram itself also have KYC requirement. And aside from what others said, IMO it's not very safe to combine messaging and wallet on same application.
Telegram asking for a KYC identification as part of the requirement for using their wallet is unsettling in my opinion, because social media companies should be having no business collecting such identification unless you are running ads on their platform.
Let's forget that they are a company and no community project.
Maybe the Telegram wallet KYC is being handled by a third-party. That's the only way I see this making sense.
-
I think the most important part when using a Telegram wallet is that you don’t put too much on it that you are not willing to risk losing because you could just put it in a hardware wallet where it is safer. Make sure that your number is always updated and no one has access to it so you can be sure that it is only you who have control.
-
~~~~~~~~~~~~~~~~~~~~~~
I haven't use the telegram wallet yet but I have some worst experience while using the telegram some times I got banned and while I forgot the password I have to use the forgot option and if the backup email or the phone number is unaccessible then you have to reactive the account that's means the all data will be deleted and account will be new. So regarding all of these issues I have doubt using the telegram wallet.
-
It's not even clear whether OP's friend talking about wallet provided by Telegram itself or someone else (in form of bot). Although both of them are custodial, where ones provided by Telegram itself also have KYC requirement. And aside from what others said, IMO it's not very safe to combine messaging and wallet on same application.
Telegram asking for a KYC identification as part of the requirement for using their wallet is unsettling in my opinion, because social media companies should be having no business collecting such identification unless you are running ads on their platform.
Let's forget that they are a company and no community project.
Maybe the Telegram wallet KYC is being handled by a third-party. That's the only way I see this making sense.
Their wallet is custodial by default, so i don't think they can operate it legally (on some country) without KYC. And i just found out they also provide self-custodial option, although custodial remain the default option.
-
I believe the security level of Telegram Wallet depends on the security level of Telegram itself, and so far it has been quite good. At least, I haven't heard of anyone's Telegram Wallet being hacked due to a flaw in the code or Telegram itself.
I think the security of the wallet does not fully depend on Telegram because they are developed separately. The embedded wallet feature in Telegram is provided by a 3rd party. https://telegram.org/tos/mini-apps
I have not had any experience with this wallet. But feeling how to use Telegram, there are some extra risks compared to stand-alone wallets in general. So it is not recommended to store large amounts of funds there.
-
The answer: Absolutely not!
The reason being that Telegram accounts get hacked all the time, and people are willing to take over an account that doesn't even have any money on it, imagine what they will do to hijack an account that has a lot of TON inside? That's why I do not advise anyone use the Telegram TON wallet unless you are interested in losing all your coins. (which is nobody ever.)
-
It's Telegram for Christ's sake, so how can be in secure? We've heard horror stories and already and so it doesn't make sense for people to really trust it. Specially if a 3rd party is involved on the developed of the wallet, you really don't know what's inside the code and there could really be exploits that hackers can take advantage.
So the obvious answer is No, it's not safe. And let this be a lesson to the OP's friend and to us as well who are thinking of joining the craze on Telegram as it could be the next hype.
-
I just found out that some people, particularly those who mine meme coins on Telegram, are storing their coins in Telegram wallets. A friend of mine complained angrily to me about the wallet that his telegram account was hacked and he has no access to his wallet again if there is any way I could assist him, and I told him I don't know about the wallet because I don't know how safe it is.
in my opinion, if there is anything that will prevent a user from accessing their wallet, I can't recommend using it. But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
It is not safe to save your funds with any third party wallet whether it on telegram or off telegram. Telegram is a social media platform and social media accounts are very vulnerable to attacks very well unlike other platforms. When a user does not take the security of their wallet serious, the end of it is that they’ll either lose the account to hackers or even a person close by can have access to their wallet and transfer all of their funds out of the wallet.
The most vulnerability you can face by using a telegram wallet is that your account can easily be banned when reported for any activity that is prohibited by the platform. Even if you keep your account so safe to use, it can be banned when reported for something. The best you can do is to stay away from any activity that can lead to that and most importantly don’t use the wallet as your primary wallet to keep most of your money.
-
I won't do that. I know that many of you are into airdrops and telegram mining of games but I will not put any money on that wallet. It's because for my safety and I am not yet convinced that this wallet is safe to store coins. If my purpose is to store coins then I'd choose the other ones that isn't associated with my phone number. This is the security flaw of a telegram wallet, your number is associated with your telegram account thus, your wallet too.
-
As @Lucius (+1) has said very well, those wallets in which the users do not control the private keys are not really ours, that's the first thing any user approaching cryptocurrencies for the first time should learn. Any wallet (especially hardware wallets) is much more secure than wallets that "depend" on some type of service, like Telegram in this case, even software wallets in which we control the private keys. Your friend has learned a hard lesson.
However, it should be emphasized that even non-custodial wallets can be potentially dangerous, so they should not be trusted blindly. A good example is the popular Ledger, which was always known as an example of a safe and reliable hardware wallet until a major database hack occurred, which caused major problems for most of their users, and then they introduced the Seed Recovery service, which, if approved, divides our backup into three parts and sent to three different "addresses".
The very fact that the seed can be extracted from the device (remotely) brought a lot of distrust in the company, especially because they claimed all the time that it was not possible.
I think the most important part when using a Telegram wallet is that you don’t put too much on it that you are not willing to risk losing because you could just put it in a hardware wallet where it is safer. Make sure that your number is always updated and no one has access to it so you can be sure that it is only you who have control.
In that case, there is another danger called SIM swap, which would mean that someone who is marked as a target can become a victim of such an attack. In some countries, all you need to get a new SIM card is to go to your operator's point of sale and tell your mobile phone number.
-
The most vulnerability you can face by using a telegram wallet is that your account can easily be banned when reported for any activity that is prohibited by the platform. Even if you keep your account so safe to use, it can be banned when reported for something. The best you can do is to stay away from any activity that can lead to that and most importantly don’t use the wallet as your primary wallet to keep most of your money.
Thanks I really find this helpful, and I will also share this as an advice to anyone out there to prevent any activity that may lead to the banning of their Telegram account, as well as to avoid using the Telegram wallet or any third-party wallet.
-
The most vulnerability you can face by using a telegram wallet is that your account can easily be banned when reported for any activity that is prohibited by the platform. Even if you keep your account so safe to use, it can be banned when reported for something. The best you can do is to stay away from any activity that can lead to that and most importantly don’t use the wallet as your primary wallet to keep most of your money.
Thanks I really find this helpful, and I will also share this as an advice to anyone out there to prevent any activity that may lead to the banning of their Telegram account, as well as to avoid using the Telegram wallet or any third-party wallet.
Being banned and lose many is terrible...
Other than that, it is basically a mobile wallet.
Don't store large amounts on it. Just use for a few bucks, when making small payments that you do often..
I have small amounts in my mobile wallet as well, about 150 usd
-
I have never used such a wallet and i would never do so. Why use a telegram wallet when there are a lot of recommended wallets out there to choose from, i am sure this wallet is custodial and it is not open source.
If it is altcoins you want to store, there is a recommended option in Unstoppable wallet, it is also open source, and if it is for BTC, you can use Electrum or BlueWallet, however if you'll be storing a lot of funds, then use a hardware wallet or run Electrum in an airgapped device.
I know that self custody wallet that is open source is the best to store your coins as you mentioned above, but what I am confused at is that, is it all coins meme coins and altcoins that can be stored in a hardware wallet like unstoppable wallet because some of this new meme coins are not yet listed in an exchange. I know that Telegram wallet is very risky and can be hacked easily because it is a third-party wallet.
-
We all need to take into account that it also requires KYC, and everything is tied with your device so if you lose it, then your crypto is gone for good.
And also it's a 3rd party and not built by Telegram itself, so that makes another red flag for us as we should not trust, but verify. And it is also not self-custody so for experience crypto users, it's a no-no.
-
I know that self custody wallet that is open source is the best to store your coins as you mentioned above, but what I am confused at is that, is it all coins meme coins and altcoins that can be stored in a hardware wallet like unstoppable wallet because some of this new meme coins are not yet listed in an exchange. I know that Telegram wallet is very risky and can be hacked easily because it is a third-party wallet.
I will agree that i do not know too much about meme coins and wallets that they are compatible with. Take note that Unstoppable wallet isn't a hardware wallet, but an open source multi-coin software wallet, though it does not have too many coins listed. However, there are also multi-coin hardware wallets that you can check if they are compatible with the coins you want to store. My point is that i'd never use a telegram wallet to store coins.
-
Not your keys, not your coins, so that takes us to the conclusion that a telegram wallet is not safe for coins storage since it is centralised and its only control is with the team and not you, you should just take those telegram wallets like exchange wallet's all of them are vulnerable since you don't have private keys to the wallet and also not recoverable on other wallet apps which make it not safe enough.
Another question to ask is, what happened to the wallet if for any reason the telegram account hosting get banned or hacked, the risk is so numerous in this case.
-
I think the most important part when using a Telegram wallet is that you don’t put too much on it that you are not willing to risk losing because you could just put it in a hardware wallet where it is safer. Make sure that your number is always updated and no one has access to it so you can be sure that it is only you who have control.
Indeed, why we must put the coins to telegram wallet if we have another safer option. Put the coins to non custodial wallet or to hardware wallet is the best option, this surely will be safe for our coins. When it is about storing coins, I also don't want to gamble on it, I must choose the safest way.
Yes, the number must be always active because it may be banned if the number is not active anymore. So, it is quite high risk because we can be unable to access it anymore if our number is not active or we forget to access the telegram for a long time.
-
Sure, it's not, but use it as a "cash" in your shirt pocket, you'd put $1000 in your pocket, come on, it's always common sense.
In fact, it is something that would be used to receive those rewards you mention.
On the other hand, access to that wallet does not have to be conditional on your Telegram credentials, that is, having the private keys, you should recover the funds.
People (users here) always want to see these products as something bad, sometimes it's just a matter of knowing what you use them for, Telegram is still a social network, so don't store money there that you can't afford to lose.
If you do not recover the credentials, it is because the account does not belong to you, do not believe all the stories of your friends, be careful with that, do not lend your Telegram account with the excuse of; "with your account I can solve my problem"
-
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
-
I came across this Telegram wallet as a result of joining Telegram bot mining, though I haven't tried using it because I see no solid reason of using Telegram wallet when there are many trusted wallet app where one can store crypto assets of different network/ecosystem with ease and a pass phrase for 100% security is guaranteed or else it's been disclosed.
To my best of knowledge I believe the telegram wallet is based mainly on TON network, even at that I still prefer using ton wallet app like Tonkeeper to store my crypto assets than using Telegram wallet because I feel it's safer.
It's Better and more safer to use wallet app to store token, but if there's anything like seed phrase/pass phrase when creating a new telegram wallet, then I believe it's safe, because that is what makes your wallet secure.
-
in my opinion, if there is anything that will prevent a user from accessing their wallet, I can't recommend using it. But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
In my opinion, if that is the case for storing crypto assets, especially for long terms, there are still risks to holding them in Telegram wallets. Because after all, online wallets will be very risky for various cyber crimes. Moreover, there are many scammers and hackers who roam around in the guise of providing various information or investment project offers that are scams, malware, and so on. Therefore, it is quite risky when cyber crimes occur on Telegram.
So in my opinion, I wouldn't recommend this for storing our crypto assets, it would be much safer to store our assets into a hardware wallet, or other types of wallets that are not directly connected to the internet and malware or cyber crime can occur quickly.
-
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
I understand your plight and your reason for being afraid, but it's important to know that, while it's true that a lot of users has been scammed and swindled of their hard earned money, you should know that it wasn't telegram who scammed people, it's still other people who use the telegram app, that goes around scamming people on the app.
So people being scammed or defrauded on the app doesn't automatically mean that even the application developers are also scammers, I'm not advising anyone to use the telegram app to store their assets or not to, I'm simply just trying to make a notable point as well as to correct the wrong impression you've got about the telegram app.
-
It is a great topic to discuss here again and again because, in this era, the protection of wallets is very hard, and people do not know how and which wallet is best. Hackers won't stop emptying your wallet, and they are seeking a moment when the user does something foolish that they can take advantage of. When you lose access to your account, it will be very difficult to recover that wallet from the hands of hackers. So, take some steps before you lose your wallet, and always use an offline or hardware wallet, keeping the private key in a very secure place.
-
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
Telegram easily got banned and we can't recovery yet with our wallet linked with telegram account, I think its not only about how easily scammer get hack our telegram wallet but how most secure service of telegram wallet with guarantee when account banned will able access trough email recovery or not?
Slogan not your key is not your coin is right, but with telegram wallet I don't sure that slogan have good ideas because available only for wallet has access by our self only without any third party such as telegram as platform for creating wallet.
-
Before you think of having your crypto coins stored in a telegram wallet, there are things you ought to think about before you decide.
First thing: how strong is the security, is it vulnerable to hackers? I think that's the first to come to mind.
And the second thought is, doesn't it expose your private keys easily or do you have full control of your coins? Imagine your phone got lost or someone is in custody of your phone in the meantime. Can they have access to your telegram wallet so easily? If they can, that means is bad to have your crypto coin stored on a telegram wallet.
-
I see no solid reason of using Telegram wallet when there are many trusted wallet app where one can store crypto assets of different network/ecosystem with ease and a pass phrase for 100% security is guaranteed or else it's been disclosed.
Take note that there is no 100% security, there are set ups that are very secure, with little to no choice of being compromised, but even at that, we never call anything 100% secure. One last thing, hope you know a passphrase is different from a seed phrase, a passphrase is a seed extension, also called the 13th or 25th word, and it is an extra layer of security.
-
I think the security of the wallet does not fully depend on Telegram because they are developed separately. The embedded wallet feature in Telegram is provided by a 3rd party. https://telegram.org/tos/mini-apps
I have not had any experience with this wallet. But feeling how to use Telegram, there are some extra risks compared to stand-alone wallets in general. So it is not recommended to store large amounts of funds there.
Well, when I read the topic, I understand that we are talking about the Wallet that is introduced and created by default on the Telegram application for users, not a third party introducing a wallet that supports tokens in the Ton ecosystem.
I also cannot determine the security of Telegram, but they have 900 million users and still ensure speed and user experience, and there have not been many users who have been hacked and lost their Telegram accounts and blamed Telegram, so I think Telegram Wallet will also be quite good to trust and use. Of course, as you said, it is still just a hot wallet after all, and investors should not store too many assets in hot wallets, hardware wallets would be a more suitable choice.
-
I see no solid reason of using Telegram wallet when there are many trusted wallet app where one can store crypto assets of different network/ecosystem with ease and a pass phrase for 100% security is guaranteed or else it's been disclosed.
Take note that there is no 100% security, there are set ups that are very secure, with little to no choice of being compromised, but even at that, we never call anything 100% secure. One last thing, hope you know a passphrase is different from a seed phrase, a passphrase is a seed extension, also called the 13th or 25th word, and it is an extra layer of security.
That's absolutely correct, because even the most secure security systems can actually have some tiny loopholes and vulnerability that hackers can actually penetrate, it's only possible to make it super difficult for them to break through but never impossible because they'll always find ways to penetrate the security systems.
You totally make a valid point there, security is literally about playing the odds and making it almost impossible for them to break through that they'll just quit and focus their attention on someone else, but regardless we all need to be security conscious at all time.
-
Well, when I read the topic, I understand that we are talking about the Wallet that is introduced and created by default on the Telegram application for users, not a third party introducing a wallet that supports tokens in the Ton ecosystem.
Yeah I mean I also talked about the default wallet feature in the telegram menu. When you try to start the wallet there for the first time, you will see a warning like this.
(https://admin.coinbay.io/storage/data/upload/2024/0311/image-1710138937.webp)
"Terms of Use" will redirect to the page I wrote in the previous post.
I also cannot determine the security of Telegram, but they have 900 million users and still ensure speed and user experience, and there have not been many users who have been hacked and lost their Telegram accounts and blamed Telegram,
If someone claims that it is a telegram fault, they'll definitely not be held responsible. The user has agreed to the Terms of Use
-
Based on the posts of users here, I guess it's safe to say that it isn't safe to store your coins in a telegram wallet.
In general, nothing is safe and even the safest wallets can still have problems at some point. What's bad about this telegram wallet is that, there has been reports of account suspension for various reasons, and we don't know in the future if there will be hacks happening towards their wallet.
Whatever the case is, many aren't recommending it and so does I, but with how many people are using Telegram, there will still be some that will be using it and will say "I will just double down my security on my Telegram account and wallet".
-
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
Storing big amount of crypto in Telegram wallet is not always the right thing to do and I can feel that the more people are doing it the more hackers are feeling more energized and incentivized to be successful. We should always be reminded with this crypto law: not your keys, not your coins. We must not allow to lose control of our digital assets most especially with the use of wallets which can really be so basic. We should only store small amounts of coins with Telegram wallets most especially if we are using them while doing business with Telegram-based programs. All crypto users most especially newbies must be reminded with this fact.
-
Yeah I mean I also talked about the default wallet feature in the telegram menu. When you try to start the wallet there for the first time, you will see a warning like this.
(https://admin.coinbay.io/storage/data/upload/2024/0311/image-1710138937.webp)
If someone claims that it is a telegram fault, they'll definitely not be held responsible. The user has agreed to the Terms of Use
Thank you for your info. I didn't pay attention to this announcement when I started using Telegram Wallet, and I thought it was a product created by Telegram itself to support the Ton blockchain. This is surprising because this application can be allowed to access hundreds of millions of Telegram users. Can we suspect that this crypto wallet was created by the Telegram team itself but they hid the information to avoid future troubles?
In any case, Telegram Wallet is still just a hot wallet and cautious investors may avoid using it to store too many assets. Hardware wallets will always be the better choice!
-
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
Storing big amount of crypto in Telegram wallet is not always the right thing to do and I can feel that the more people are doing it the more hackers are feeling more energized and incentivized to be successful. We should always be reminded with this crypto law: not your keys, not your coins. We must not allow to lose control of our digital assets most especially with the use of wallets which can really be so basic. We should only store small amounts of coins with Telegram wallets most especially if we are using them while doing business with Telegram-based programs. All crypto users most especially newbies must be reminded with this fact.
In my own opinion, if am being honest, I wouldn't recommend anyone to using telegram wallet because, the pre-designated purpose of the platform was a social media and not a wallet. We all know how sensitive and decentralized our crypto life can be individually and for security purposes I recommend using a non-custodain wallet and having full control over my seed phrase with peace of mind attached. Telegram accounts could be hacked or banned/blocked if any scam or hacking activity is suspected, and imagine having your coins inside when your account get blocked or ban. There are more disadvantages to be considered than the advantages meaning, it's not worth risking your coins on.
-
IMO it's not very safe to combine messaging and wallet on same application.
The idea of having messaging and wallet on the same app It's so that people can easily send money to their close contacts without having to go through an exchange or an external wallet. It remains not completely safe to choose a messaging app as a place to store your investment.
Telegram will not be the first to have that, I remember Mixin Messenger who we once promoted their services on Bitcointalk, they had that too.
-
In any case, Telegram Wallet is still just a hot wallet and cautious investors may avoid using it to store too many assets. Hardware wallets will always be the better choice!
Some hot wallets out there are still far better than this telegram wallet - I haven’t used it before or took the time to explore my telegram to know how it works but I’m very sure that no one knows how the private keys are being generated (since it’s a close source wallet) and we all know that if the devs have a backdoor to getting private keys that are being generated then users funds, whether small or big will be at a huge risk.
-
Some hot wallets out there are still far better than this telegram wallet - I haven’t used it before or took the time to explore my telegram to know how it works but I’m very sure that no one knows how the private keys are being generated (since it’s a close source wallet) and we all know that if the devs have a backdoor to getting private keys that are being generated then users funds, whether small or big will be at a huge risk.
Yes, behind the ease of access, this is actually a big risk... Telegram is now popular, and bots can be created for free by fraudsters... naming the bot a wallet makes many new users prefer this model of wallet... and yes we will know that when the money belonging to these beginners is stolen by bot makers, many are starting to realize that the security of Telegram bots as wallets is very poor...
It's better to spend a little time downloading some trusted wallets, rather than having to give up our security to people we don't even know. I never recommend a Telegram-based wallet again, because I was once one of the victims of using this Telegram-based wallet.
-
IMO it's not very safe to combine messaging and wallet on same application.
The idea of having messaging and wallet on the same app It's so that people can easily send money to their close contacts without having to go through an exchange or an external wallet. It remains not completely safe to choose a messaging app as a place to store your investment.
The idea definitely makes sense, other application such as Apple iMessage (which connected with Apple Cash) also does that. But they have $20K limit and FDIC insurance, while telegram have neither which makes it more risky.
Telegram will not be the first to have that, I remember Mixin Messenger who we once promoted their services on Bitcointalk, they had that too.
I'm aware of that application. Although company behind it focus on cryptocurrency field, where they decide to add wallet feature from the beginning.
-
Yeah I mean I also talked about the default wallet feature in the telegram menu. When you try to start the wallet there for the first time, you will see a warning like this.
(https://admin.coinbay.io/storage/data/upload/2024/0311/image-1710138937.webp)
If someone claims that it is a telegram fault, they'll definitely not be held responsible. The user has agreed to the Terms of Use
Thank you for your info. I didn't pay attention to this announcement when I started using Telegram Wallet, and I thought it was a product created by Telegram itself to support the Ton blockchain. This is surprising because this application can be allowed to access hundreds of millions of Telegram users. Can we suspect that this crypto wallet was created by the Telegram team itself but they hid the information to avoid future troubles?
In any case, Telegram Wallet is still just a hot wallet and cautious investors may avoid using it to store too many assets. Hardware wallets will always be the better choice!
I see Telegram wallet as a wallet that should be avoided by investors because the wallet is not from Telegram themselves but a third-party and it is like an exchange account to me because no self custody wallet will give discount or bonus for sending funds through their wallet. The way you threat exchanges should be the same way that you treat this Telegram wallet. Get a noncustodial wallet that is open source and keep your bitcoin safe.
-
I see Telegram wallet as a wallet that should be avoided by investors because the wallet is not from Telegram themselves but a third-party and it is like an exchange account to me because no self custody wallet will give discount or bonus for sending funds through their wallet. The way you threat exchanges should be the same way that you treat this Telegram wallet. Get a noncustodial wallet that is open source and keep your bitcoin safe.
You're absolutely right.
It's really important for investors to prioritize self custodial wallets as well as open source solutions over third party wallets when it comes to crypto currency security. It is not longer news or something new to an investor to know that the risks associated with relying on their party wallets are really high and can expose your funds to hacking, phishing attacks and other malicious attacks.
And you're absolutely right about the bonuses and discount aspect, true custodial wallets do not offer any form of bonuses or discount to users, not for any reason, and that actually raises a sort of red flag.
Well, those who wish to still make use of the wallet should approach it with extreme caution and avoid leaving huge some of money there, just incase something goes wrong at any time.
-
I see Telegram wallet as a wallet that should be avoided by investors because the wallet is not from Telegram themselves but a third-party and it is like an exchange account to me because no self custody wallet will give discount or bonus for sending funds through their wallet. The way you threat exchanges should be the same way that you treat this Telegram wallet. Get a noncustodial wallet that is open source and keep your bitcoin safe.
Its the same function based on your explain about Telegram wallet is the third party not recommended for long term holding assets how to secure our assets keep safety, but easily telegram account banned and not way back to recovery I think big risk when holding or store cryptocurrency assets in telegram wallet. First time I used telegram wallet when TON launch their coins but not hold in telegram wallet.
Not matter make trading with telegram wallet in Ton network but you must withdraw to your own wallet if long term holding or use exchange wallet if want convert to be fiat assets.
-
I see Telegram wallet as a wallet that should be avoided by investors because the wallet is not from Telegram themselves but a third-party and it is like an exchange account to me because no self custody wallet will give discount or bonus for sending funds through their wallet. The way you threat exchanges should be the same way that you treat this Telegram wallet. Get a noncustodial wallet that is open source and keep your bitcoin safe.
Its the same function based on your explain about Telegram wallet is the third party not recommended for long term holding assets how to secure our assets keep safety, but easily telegram account banned and not way back to recovery I think big risk when holding or store cryptocurrency assets in telegram wallet. First time I used telegram wallet when TON launch their coins but not hold in telegram wallet.
Not matter make trading with telegram wallet in Ton network but you must withdraw to your own wallet if long term holding or use exchange wallet if want convert to be fiat assets.
Telegram is very trusted app and I see no issues so far. I noticed about the Telegram wallet but I didn't know that it's not from them. However, I still didn't used that wallet because I don't have much information about it and lack of exploration by myself. And now, I just learned from this post that it's not created by Telegram so I think it's better to use other wallet such as Tonkeeper or the wallet that you've already made a research on it.
-
Well, in my previous post, I mentioned that instead of using the Telegram wallet, it would be better to use an offline wallet or hardware wallet. However, I have just come to know that Telegram is a very trusted system; they won't compromise on users' security and privacy. That's why, in most states, Telegram is not working, as they refuse to give access to the state. I haven't personally used their wallets, so I can't recommend it to others for the safety of your capital. One thing is clear: the Telegram application is functioning well, and until now, I have not faced any issues. So, maybe their wallet will be trusted and secure. I am not sure about it, so if you are willing to use it, then DYOR.
-
Well, in my previous post, I mentioned that instead of using the Telegram wallet, it would be better to use an offline wallet or hardware wallet. However, I have just come to know that Telegram is a very trusted system; they won't compromise on users' security and privacy. That's why, in most states, Telegram is not working, as they refuse to give access to the state. I haven't personally used their wallets, so I can't recommend it to others for the safety of your capital. One thing is clear: the Telegram application is functioning well, and until now, I have not faced any issues. So, maybe their wallet will be trusted and secure. I am not sure about it, so if you are willing to use it, then DYOR.
for most cases, the wallet model used is using a telegram bot, which is not a wallet officially released by the Telegram company... bots can be accessed by anyone and can create a mechanism like a cryptocurrency storage wallet...
in the end it will be a very closed wallet and actually become dangerous. not recommended for storing valuable assets or large amounts of assets.. it is better to prevent bad things from happening.
-
Storing big amount of crypto in Telegram wallet is not always the right thing to do and I can feel that the more people are doing it the more hackers are feeling more energized and incentivized to be successful. We should always be reminded with this crypto law: not your keys, not your coins. We must not allow to lose control of our digital assets most especially with the use of wallets which can really be so basic. We should only store small amounts of coins with Telegram wallets most especially if we are using them while doing business with Telegram-based programs. All crypto users most especially newbies must be reminded with this fact.
Indeed, high risk and dangerous for our assets.
Moreover, with the ease of making transfers on the platform, this can open up opportunities for scammers and hackers to steal our assets. Although there is security access, but once it has been detected and it is part of an online wallet, with all the convenience of the telegram wallet, and perhaps the carelessness of its users, the possibility of danger will be even higher.
Indeed, telegram may have or offer some advanced features to store assets and act as a wallet, but its security level is still questionable. And indeed it is also a custodial crypto wallet, so the team has access keys.
-
Well, in my previous post, I mentioned that instead of using the Telegram wallet, it would be better to use an offline wallet or hardware wallet. However, I have just come to know that Telegram is a very trusted system; they won't compromise on users' security and privacy. That's why, in most states, Telegram is not working, as they refuse to give access to the state. I haven't personally used their wallets, so I can't recommend it to others for the safety of your capital. One thing is clear: the Telegram application is functioning well, and until now, I have not faced any issues. So, maybe their wallet will be trusted and secure. I am not sure about it, so if you are willing to use it, then DYOR.
for most cases, the wallet model used is using a telegram bot, which is not a wallet officially released by the Telegram company... bots can be accessed by anyone and can create a mechanism like a cryptocurrency storage wallet...
in the end it will be a very closed wallet and actually become dangerous. not recommended for storing valuable assets or large amounts of assets.. it is better to prevent bad things from happening.
It is unadvisable and outright dangerous to hold cryptocurrency assets in unofficial Telegram bots. These bots are usually not secure, and user’s assets within the bots can easily be hacked and stolen. Besides, they act independently and are not regulated, which means that there is usually no redress in the case of disagreement or loss of funds. These bots’ security and ability are tied to their creators – these can often be detrimental to users’ best interest or fail to optimize the bots’ functioning. Moreover, these so-called third party wallets may have few functions with which users are susceptible to falling prey to a phishing attack where they input their entire credentials. For safekeeping of the virtual currencies, one should strictly advised to use the official, secure, and reliable wallets, which are transparent and protects the consumers.
-
I have not used the telegram wallets before but I think some unlaunched coins that has not been endorsed by those population wallets usually requires some specific wallets to store the coins in a main time until it is launched before you can transfer or exchange your coins to a desired wallet or network.
But if the meme or whatever mining coins allows miners to store their coins in a personal wallet then I don't think using the telegram wallets would be advisable because privacies are more safe when it is on decentralized modelitty. Atleast considering that telegram is a social network has this limited Privacies that Privacies can be possible to compromise.
-
But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
I would not trust it, its a custodial wallet, We are taught to only trust non custodial wallet if we are going to store our coins, if its the only wallet to use to claim my airdrop then I'll go for it but its not something that I will use to store my coins custodial wallets are not made for storing.
The Telegram Wallet serves as a custodial wallet within the Telegram app, allowing users to send, receive, and store cryptocurrencies. In this model, the management of private keys is handled by a third party, simplifying the user experience.
https://www.gncrypto.news/news/telegram-wallet-an-ultimate-guide-to-using-the-ton-crypto-wallet/
-
Indeed, high risk and dangerous for our assets.
Moreover, with the ease of making transfers on the platform, this can open up opportunities for scammers and hackers to steal our assets.
Yes. It is too risky, we are better to choose safer wallets. You're right, it will make the scammers to steal our coins easier. I personally will never consider to keep my coins there. I think non custodial wallets should be the first option. There are too many type of wallets nowadays, we don't need to try all of them.
Indeed, telegram may have or offer some advanced features to store assets and act as a wallet, but its security level is still questionable. And indeed it is also a custodial crypto wallet, so the team has access keys.
I also think about this, how secure to keep coins in Telegram wallets. Basically, it is not a specific place for holding coins, honestly it looks very doubtful to store coins there. I still prefer to send coins on CEX wallets than to send coins on Telegram wallets. But everyone must agree that private wallets is the best option (non-custodial wallets).
-
But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
I would not trust it, its a custodial wallet, We are taught to only trust non custodial wallet if we are going to store our coins, if its the only wallet to use to claim my airdrop then I'll go for it but its not something that I will use to store my coins custodial wallets are not made for storing.
The Telegram Wallet serves as a custodial wallet within the Telegram app, allowing users to send, receive, and store cryptocurrencies. In this model, the management of private keys is handled by a third party, simplifying the user experience.
https://www.gncrypto.news/news/telegram-wallet-an-ultimate-guide-to-using-the-ton-crypto-wallet/
Like I always say, provided it wasn't created at first for the purpose of wallet, but rather a social platform then I don't have any business with it. Because I'm not guaranteed if my coins are going to to be lucked if my number get banned from telegram. Just as you said, the only reason I can give it a try is if it's the only wallet I can use to receive my coins at that moment else I have no dealing with a custodial wallet. There are several non custodial wallet out there with are much safer, and reputable.
-
I will not suggest or support leaving your main crypto assets on telegram app for storage, this is just a social media platform in which they created an avenue for their users to effectively utilizes the opportunity of having a crypto wallet for a minor transaction or in which they may have to claim the reward through the telegram app, we should know that the best to use in terms of wallet is bitcoincore or any non custodial wallet like the cold storages.
-
I will not suggest or support leaving your main crypto assets on telegram app for storage, this is just a social media platform in which they created an avenue for their users to effectively utilizes the opportunity of having a crypto wallet for a minor transaction or in which they may have to claim the reward through the telegram app, we should know that the best to use in terms of wallet is bitcoincore or any non custodial wallet like the cold storages.
I used telegram wallet but I don't used their default seed phrase. What I do is that I have a seed phrase created from Tonkeeper and then I import the seed phrase to Telegram wallet to interact with some web3 app on telegram, that way if telegram block or restrict my account. I don't have to worry about them and their app because a lot of people complain about telegram blocking their accounts without been able to access the wallet.
If not for their web3 games, what am I going to do with telegram wallets, the wallet looks too dull and not even that secure with their design and I don't know why they haven't implement options for hardware connection, maybe there will be in the future.
-
I don't in any way call Telegram a secure wallet address to have for storing crypto coins, apart from mined tokens that were given out of the tapping of the phone screen.
How the telegram wallet came into full existence because of the mining of coins through telegram. Telegram owners now develop provisions for having wallets in it for easy transfer and conversion of the mined tokens, without giving much relevance to it to secure people's tokens. However, newbies then began to use it because that was what they were introduced to, to use the telegram wallet for the storage of their mined coins on the Ton network.
Lack of not having full knowledge of how to secure a crypto wallet made your friend lose his coins in his telegram wallet. Had he known how insecure a telegram wallet is, he would have learned not to release his phone to anyone to go through because of his stored crypto assets
-
I've had a similar experience with crypto wallets, and I wouldn’t trust Telegram wallets for storing your coins. If your friend's account got hacked and he lost access, it sounds like a major security flaw. I’d recommend using hardware wallets or well-known software wallets with good security practices instead. From what I’ve seen, these are much more reliable and secure for keeping your assets safe.
-
I think the only tool for safe crypto currency storage is hardware wallet. Where you can store your crypto for years and years. Recently telegram wallet has got a lot of hype and the only reason for that is telegram airdrops mining. So telegram should not be used directly as a wallet but you can use it only for airdrop payment if you want. We never want our assets to be at high risk, which could also open up opportunities for scammers and hackers to steal our assets. Telegram wallet has only been launched for a few days so the security level is still questionable. For now try to keep this topic inside your question and use the old best wallet.
-
But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
I would not trust it, its a custodial wallet, We are taught to only trust non custodial wallet if we are going to store our coins, if its the only wallet to use to claim my airdrop then I'll go for it but its not something that I will use to store my coins custodial wallets are not made for storing.
FYI, the Telegram wallet has a type of wallet called "TON Space" which gives you a wallet seed, so I don't think that one is custodial. Only if you use the "Earn wallet", which gives you an APR, is that your coins are being held with a third party. Also, you need to do full KYC to earn the annual rate on your coins, so that should be an obvious one.
-
But I'd like to hear your thoughts on any possible solutions to this issue and whether it's safe for us to store our coins in the Telegram wallet.
I would not trust it, its a custodial wallet, We are taught to only trust non custodial wallet if we are going to store our coins, if its the only wallet to use to claim my airdrop then I'll go for it but its not something that I will use to store my coins custodial wallets are not made for storing.
FYI, the Telegram wallet has a type of wallet called "TON Space" which gives you a wallet seed, so I don't think that one is custodial . Only if you use the "Earn wallet", which gives you an APR, is that your coins are being held with a third party. Also, you need to do full KYC to earn the annual rate on your coins, so that should be an obvious one.
Are you saying thay because the wallet gives seed phrase means it is a noncustodial wallet and is safe to keep your coins in it. I have seen wallets that gives seed phrase that are closed source wallet like Trust wallet. Or am I getting something wrong. Bitget so have a wallet which they give your seed phrase too.
-
Are you saying thay because the wallet gives seed phrase means it is a noncustodial wallet and is safe to keep your coins in it.
If you get your own seed phrase, that means wallet is non custodial and you are in control of your money. Having said that, just because a wallet is non custodial doesn't mean that is safe and good for a safe long storage of your coins.
I have seen wallets that gives seed phrase that are closed source wallet like Trust wallet. Or am I getting something wrong.
Wallets can be both non custodial and closed source. One does not exclude the other.
-
I used telegram wallet but I don't used their default seed phrase. What I do is that I have a seed phrase created from Tonkeeper and then I import the seed phrase to Telegram wallet to interact with some web3 app on telegram, that way if telegram block or restrict my account. I don't have to worry about them and their app because a lot of people complain about telegram blocking their accounts without been able to access the wallet.
If not for their web3 games, what am I going to do with telegram wallets, the wallet looks too dull and not even that secure with their design and I don't know why they haven't implement options for hardware connection, maybe there will be in the future.
Hmmm... I think it is good idea to use seed phrase from different wallet like Tonkeeper and add it to Telegram Wallet. This way you are in control of your money and do not have to worry if Telegram blocks your account. But there is one point that you can export seed phrase from Telegram wallet too. But I am also worried about how secure Telegram Wallet is. It does not have way to connect to hardware wallet which is big problem. Wallet design is not very good and does not look secure compared to other options.
Telegram is mostly useful for its web3 games and apps but if anyone want to keep his/her cryptocurrency safe it is better to use different wallet that prioritizes security and control. Until Telegram fixes these problems and adds better features using a third party seed phrase and looking into other wallets is good idea.
-
I think telegram wallet is safe and we can more safe it by verification and we can use 2fa. We know internet base any wallet and other important documents are not fully safe but we can take care on it and we can try to safe it.
I am using telegram wallet it has been near about one years but any kinds of risk i could not feel. And i hold huge money on it but still now it safe and comfortable. I my thinking telegram wallet is safe.
-
Are you saying thay because the wallet gives seed phrase means it is a noncustodial wallet and is safe to keep your coins in it. I have seen wallets that gives seed phrase that are closed source wallet like Trust wallet. Or am I getting something wrong. Bitget so have a wallet which they give your seed phrase too.
Any wallet that gives you a seed phrase is a self custodial wallet, however, that is not the only criteria to know a recommended wallet. A recommended wallet should be open source, self custodial and well reviewed, like Electrum and BlueWallet. Wallets like Atomic wallet and trust wallet are both self custodial wallets, but they are not recommended because they are closed source.
-
I think telegram wallet is safe and we can more safe it by verification and we can use 2fa. We know internet base any wallet and other important documents are not fully safe but we can take care on it and we can try to safe it.
Usually, Telegram wallets are custodial and everything related to security is private. We do get the convenience of accessing the wallet, but until now I believe more in non-custodial wallets where the responsibility for assets is more on the asset owner, not the wallet manager.
In my opinion, Telegram has too many weaknesses in securing money, such as the phone number we use to register for Telegram, it could be a loophole to access our wallet. I can't trust large amounts of assets to a Telegram wallet.
I am using telegram wallet it has been near about one years but any kinds of risk i could not feel. And i hold huge money on it but still now it safe and comfortable. I my thinking telegram wallet is safe.
What coins do you store? and what telegram wallet do you use?
-
In my opinion, Telegram has too many weaknesses in securing money, such as the phone number we use to register for Telegram, it could be a loophole to access our wallet. I can't trust large amounts of assets to a Telegram wallet.
i think a lot can relate that we only started using telegram wallet because of the many projects in telegram a lot of airdrop projects mainly memecoins require for telegram wallet so that is where they can distribute tokens but that’s not where i put most of my funds in
What coins do you store?
like i said it’s mostly memecoins but i also do not hold them for long there as i transfer them to exchanges or sell them once the project is listed i trust it to be safe enough but not too much
-
like i said it’s mostly memecoins but i also do not hold them for long there as i transfer them to exchanges or sell them once the project is listed i trust it to be safe enough but not too much
Your ideas is excellent, its more secure with our assets when storing any coins with Ton network on telegram wallet have ready with P2P feature then withdrawal to CEX exchange already for listing that coins. I have trouble with tele wallet last week when receiving DOGS airdrop, submit KYC but rejected and not available for using P2P feature there and only withdraw trough wallet address with higher fees transaction.
I think not recommended using telegram wallet for storing any coins there, better buy on CEX exchange already listing TON coins meme because very secure with your assets avoid if failed KYC or loss access with telegram account.
-
like i said it’s mostly memecoins but i also do not hold them for long there as i transfer them to exchanges or sell them once the project is listed i trust it to be safe enough but not too much
Your ideas is excellent, its more secure with our assets when storing any coins with Ton network on telegram wallet have ready with P2P feature then withdrawal to CEX exchange already for listing that coins. I have trouble with tele wallet last week when receiving DOGS airdrop, submit KYC but rejected and not available for using P2P feature there and only withdraw trough wallet address with higher fees transaction.
I think not recommended using telegram wallet for storing any coins there, better buy on CEX exchange already listing TON coins meme because very secure with your assets avoid if failed KYC or loss access with telegram account.
As a matter of fact, the only thing that is making telegram wallet popular these days is the trend of all the numerous play to earn games on telegram, such as the Nutcoin, Dogs, Hamster, and their likes. If those projects didn't come to light, I don't believe that anyone would have even grow the interest to come on telegram and start storing their asset on the telegram app. The truth is that telegram is a social channel and the inbuilt wallet it has is not a self-custodial wallet and therefore I don't see it to be very safe for anyone that is thinking of holding a huge amount of coins with it.
-
I am using telegram wallet it has been near about one years but any kinds of risk i could not feel. And i hold huge money on it but still now it safe and comfortable. I my thinking telegram wallet is safe.
What coins do you store? and what telegram wallet do you use?
Honestly, regardless of what coins or apps they used on Telegram, I don't think using "I never feel insecure about it" is a good standard to select your wallet. There are too many cases where people lost their money because they cheapen out on security, or dismiss any security concern because they never experienced it. I still remember Atomic case where people suddenly lose their money even though there's no signs about the wallet scamming them.
-
like i said it’s mostly memecoins but i also do not hold them for long there as i transfer them to exchanges or sell them once the project is listed i trust it to be safe enough but not too much
Your ideas is excellent, its more secure with our assets when storing any coins with Ton network on telegram wallet have ready with P2P feature then withdrawal to CEX exchange already for listing that coins. I have trouble with tele wallet last week when receiving DOGS airdrop, submit KYC but rejected and not available for using P2P feature there and only withdraw trough wallet address with higher fees transaction.
I think not recommended using telegram wallet for storing any coins there, better buy on CEX exchange already listing TON coins meme because very secure with your assets avoid if failed KYC or loss access with telegram account.
As a matter of fact, the only thing that is making telegram wallet popular these days is the trend of all the numerous play to earn games on telegram, such as the Nutcoin, Dogs, Hamster, and their likes. If those projects didn't come to light, I don't believe that anyone would have even grow the interest to come on telegram and start storing their asset on the telegram app. The truth is that telegram is a social channel and the inbuilt wallet it has is not a self-custodial wallet and therefore I don't see it to be very safe for anyone that is thinking of holding a huge amount of coins with it.
You are right, telegrams started to be popular and liked it after the emergence of gift airdrops, so that more and more people joined the airdrop and after that they definitely had to connect to telegram first.
to meet the needs of storing gifts, of course, a wallet is needed and a telegram also makes one and, until now, many have been connected to the telegram wallet. I think there is no problem to be afraid of because a telegram is very good and is able to protect. It wallet. It all depends on the user himself whether he is able to maintain the wallet properly.
-
I don't want to seek loss for myself because the Telegram wallet is not fully controlled by us, I also only see this Telegram wallet as a regular software wallet but the private key is not given to Telegram users. This is dangerous because our wallet control is not our own but there is a third party. Cmiiw
-
Anyone who understands how secure a crypto wallet should be wouldn't like to use a telegram wallet as a means to store their crypto assets.
The uprising of telegram wallets in use is because of the mined coins through phones. Those who use the telegram wallet mainly to store their mined coins. For anyone using it to store their altcoins, will have themselves to blame because why the telegram wallet was included in the telegram was for easy storage of mined coins, not for use of storing altcoins.
-
I don't want to seek loss for myself because the Telegram wallet is not fully controlled by us, I also only see this Telegram wallet as a regular software wallet but the private key is not given to Telegram users. This is dangerous because our wallet control is not our own but there is a third party. Cmiiw
You are right, When we using a Telegram wallet it is accompanied with extra risks since the private key is not handed out to the user. What this ultimately means is that full autonomy of your crypto assets is not wholly possessed by the individual, but is under the discretion of a third party. Thus, it will be safer to store your investments in a software or hardware wallet that provides you with the possibility to manage your private keys. In this way one can be more sure that the assets are secured and all the control is in one’s own hand. It is always important to have sound judgement when selecting a platform to perform your crypto investments that give security and control aspects.
-
I don't want to seek loss for myself because the Telegram wallet is not fully controlled by us, I also only see this Telegram wallet as a regular software wallet but the private key is not given to Telegram users. This is dangerous because our wallet control is not our own but there is a third party. Cmiiw
Once it involves a third party and you’re not given the private keys to your wallets, it is already a red flag to stay away from such wallets as it may pose an high risk to your savings there. Telegram is already a third party service and if they integrate a wallet of their own in the system, it is already third party inclined and there’s no way you can avoid your funds been controlled by them. One of the thing I always look into when it comes to telegram wallet is that, once you lose access to your account, you’ve automatically loss access to your wallets and the funds in them. This is not even about losing the password to your account, but also when your account is reported for violating some rules or even hacked by someone. It is not a safe place for me to store money.
-
The use of telegram wallet is not what is bad to do, but how we could safely secure our assets from whichever path taken to have our asset, if you are not going to leave your wallet vulnerable for an attack, then its a good idea to make use of the telegram wallet despite being an online wallet, but when you're using a non custodial wallet and still remain careless about your keys or how you handle it, others may take advantage on that to scam you.
-
Having different opinions about the same topic is a crazy thing to do.
I remember reading your post where you claim that telegram wasn’t safe due to scams and also the fact that if one doesn’t possess the key to a wallet then automatically it means that they don’t own that wallet - but it seems like you have forgotten about all of these and moved to “securing the wallet” as a main factor here. If you like you secure your telegram wallet as best as you can if you don’t have the private key you still won’t be able to do shit when the attack is direct on telegram and not just your devices so it won’t do any good if one keeps their account safe and then still uses a wallet that they don’t have full control over that wallet.
Its not a safe practice for us to store our coins on telegram, if we can recall well on how many have been scammed on this same telegram and how this same platform has been a center of concentration for the use of related fraud, it wont be advisable if we cherish on what we have to remain on the telegram wallet, the slogan not your keys not your coins really works perfectly in situations like this.
The use of telegram wallet is not what is bad to do, but how we could safely secure our assets from whichever path taken to have our asset, if you are not going to leave your wallet vulnerable for an attack, then its a good idea to make use of the telegram wallet despite being an online wallet, but when you're using a non custodial wallet and still remain careless about your keys or how you handle it, others may take advantage on that to scam you.
-
My assumption just by reading the thread title, it is clear that the safest way to store coins is in a personal wallet, such as Truswallet. But many also say that software wallets are not safe and that the safer ones are Hardware wallets.
Unfortunately, I don't have the money to store coins and buy a Hardware wallet.
If we store coins in a Telegram wallet, the results are very dangerous because we don't fully control our wallet, the comparison might be like this:
Telegram wallet : Easy Safety -> free install -> playstore
Trust wallet : Medium Safety -> free install -> playstore
Hardware wallet : Super Safety -> paid install -> more than $100
-
i noticed that the security of the Telegram wallet is quite good, but to keep the tokens you have in your Telegram wallet safe, you need to -
take very good care of the smartphone you are using,
don't let other people access your smartphone easily and
never download untrusted files (avoid viruses and malware)
-
i noticed that the security of the Telegram wallet is quite good, but to keep the tokens you have in your Telegram wallet safe, you need to -
take very good care of the smartphone you are using,
don't let other people access your smartphone easily and
never download untrusted files (avoid viruses and malware)
Telegram is identical to internet connection, maybe right now there are not so many big cases that make Telegram wallet have a bad image... however, something that is always connected to the internet makes it a little vulnerable in terms of security... no one guarantees that it is 100% good, so storing large amounts on Telegram wallet, I can't recommend it... the reasonable amount is an amount that is even smaller than our free money, or maybe it is suitable for airdrop transaction purposes only, that's better.
-
I don't want to seek loss for myself because the Telegram wallet is not fully controlled by us, I also only see this Telegram wallet as a regular software wallet but the private key is not given to Telegram users. This is dangerous because our wallet control is not our own but there is a third party. Cmiiw
Once it involves a third party and you’re not given the private keys to your wallets, it is already a red flag to stay away from such wallets as it may pose an high risk to your savings there. Telegram is already a third party service and if they integrate a wallet of their own in the system, it is already third party inclined and there’s no way you can avoid your funds been controlled by them. One of the thing I always look into when it comes to telegram wallet is that, once you lose access to your account, you’ve automatically loss access to your wallets and the funds in them. This is not even about losing the password to your account, but also when your account is reported for violating some rules or even hacked by someone. It is not a safe place for me to store money.
The main problem is that the telegram wallet is a unit in telegram, so there is no protection provided apart from our own mobile number. If the mobile number does not work, then we can be sure our wallet is also automatically lost with the number. Obviously, this wallet is very alarming, although until now assured the security can be said to be quite good and have not heard anyone complaining about the hacking of the wallet. Supposedly the wallet can be a unit with telegram but given its own protection, so that when there is a problem with the mobile number then we will still be able to open the wallet with another mobile number.
I think it is very right not to store large amounts in the wallet, as long as there is no protection connected to protection.
-
my issue is relates to wallets, I planned to start this discussion on the crypto wallets board. However, now that I think about it, it will also be helpful here because this board is for beginners. I'm not sure whether this question has been asked here before, but it will still be beneficial for us to discuss it again.
Firstly Op the reason why you see many people not bothered making use of any exchanges these airdrops ask them to use us because they are mostly not interested in the project rather what they could gain from the project. The Idea is why bother killing yourself or stressing yourself to get a wallet that is safe and probably open source when you are going to sell of those coins almost as soon as the coins are launched.
Many users of those wallets will likely either convert those airdrop coins to some stable coins or fiat immediately after their launch. Air drops are like free crypto funds to many people and so they won't bother about privacy and ownership of coins.
-
my issue is relates to wallets, I planned to start this discussion on the crypto wallets board. However, now that I think about it, it will also be helpful here because this board is for beginners. I'm not sure whether this question has been asked here before, but it will still be beneficial for us to discuss it again.
Firstly Op the reason why you see many people not bothered making use of any exchanges these airdrops ask them to use us because they are mostly not interested in the project rather what they could gain from the project. The Idea is why bother killing yourself or stressing yourself to get a wallet that is safe and probably open source when you are going to sell of those coins almost as soon as the coins are launched.
Many users of those wallets will likely either convert those airdrop coins to some stable coins or fiat immediately after their launch. Air drops are like free crypto funds to many people and so they won't bother about privacy and ownership of coins.
Well it might interest you to know that there are people who actually use these wallets (telegram) for their day to day transactions and also have plans of storing their assets there for the long term simply because they feel it’ll be a lot more convenient for them simply because they don’t need to leave their telegram apps before they can initiate their transactions (for those who spend more time on telegram). Anyways, whether one plans to use a wallet for the longer term or the short term, as long as money is involved, i think it’s crucial to know how safe and reliable the wallet is, because sometimes convenience isn’t everything needed, safety and security should be the primary factor to consider when choosing a wallet, and sometimes, anonymity ( for those who value their privacy). So it’s a great step to first find out just how safe and secure the wallet is before using it.
-
Well it might interest you to know that there are people who actually use these wallets (telegram) for their day to day transactions and also have plans of storing their assets there for the long term simply because they feel it’ll be a lot more convenient for them simply because they don’t need to leave their telegram apps before they can initiate their transactions (for those who spend more time on telegram).
Of course I'm not surprised that some people make use of those wallets. However what can we say? The fact is privacy of funds and security depends on the user and not anyone else. Privacy is a personal choice not something that people are forced to do. I would not see it as much of a big deal if someone says he makes use of telegram for his P2P transactions however the idea of storing your coins a telegram isn't a nice one at all . Let's not forget that sometimes for certain reasons telegram can bann account so what then happens to a person who had some coins in his telegram?
All gone in a flash . And that is the reason for the emphasis on keeping your keys safe
-
Well it might interest you to know that there are people who actually use these wallets (telegram) for their day to day transactions and also have plans of storing their assets there for the long term simply because they feel it’ll be a lot more convenient for them simply because they don’t need to leave their telegram apps before they can initiate their transactions (for those who spend more time on telegram).
Let's not forget that sometimes for certain reasons telegram can bann account so what then happens to a person who had some coins in his telegram?
All gone in a flash . And that is the reason for the emphasis on keeping your keys safe
I’ve never used a telegram wallet before (neither do I plan to) but I remember reading from somewhere that these telegram wallets also have recovery phrases just like other wallets and if eventually there arise a situation where a user loses his account, either because his account was banned (as your pointed out) or maybe he loses his phone or some other scenario, there’s a chance he can still regain access to the wallet from another device or account if actually the recovery phrases were properly backed up. I don’t know how true this information is, like I said, I’ve never used a telegram wallet before so I am unable to confirm the anthem of the information, but if it’s true, then surely a user’s account being banned doesn’t mean the user’s funds or wallet would be lost too.
-
Have problem face by my friend when purchasing their assets in telegram wallet and all KYC reject there are not possibility any more get restore back their fund. I don't know what happen with telegram wallet after KYC rejecting and the user can't withdraw their fund, its reason for us never store any assets in telegram wallet behind easily got banned with our telegram account have bad possibility with KYC rejected.
Can't appeal after how much assets in telegram wallet although any my friend get it from purchasing DOGS airdrop and swap become USDT stable coins.
-
Re: Is it safe to store coins in the telegram wallet?
Storing a small amount of money on various telegram wallets is still acceptable I guess if there's a reason why you're putting your money into it. I just tried to join different Telegram airdrops and there are some of them where if you want to get more free tokens, you need to make a transaction using any supported telegram wallet. If that's what you're doing then I guess it's still advisable and "SAFE"? I guess so.
However, if you want to put all of your assets there and hold those for long term then it isn't recommended at all. Yes there are some Telegram wallets already that you're the one that has control over it, but it's highly recommendable to store your assets in a hardware wallet. I'm not saying that the wallets on Telegram aren't safe, but who knows. There might be something bad that might happen to the existing wallets in the future.
-
Have problem face by my friend when purchasing their assets in telegram wallet and all KYC reject there are not possibility any more get restore back their fund. I don't know what happen with telegram wallet after KYC rejecting and the user can't withdraw their fund, its reason for us never store any assets in telegram wallet behind easily got banned with our telegram account have bad possibility with KYC rejected.
Can't appeal after how much assets in telegram wallet although any my friend get it from purchasing DOGS airdrop and swap become USDT stable coins.
It's good you brought it here to inform others that because telegram wallet has seed phrase does not mean that it is an open source wallet and safe to keep your coins. I have always known that it involves third party and they can tamper with your funds anutime and who will you hold for being dumb. Because i remember that telegram will warn you that the wallet does not belong to them so that you don't hold them responsible for whatever happens to your funds if you store them in that wallet.
-
Have problem face by my friend when purchasing their assets in telegram wallet and all KYC reject there are not possibility any more get restore back their fund. I don't know what happen with telegram wallet after KYC rejecting and the user can't withdraw their fund, its reason for us never store any assets in telegram wallet behind easily got banned with our telegram account have bad possibility with KYC rejected.
Can't appeal after how much assets in telegram wallet although any my friend get it from purchasing DOGS airdrop and swap become USDT stable coins.
It's good you brought it here to inform others that because telegram wallet has seed phrase does not mean that it is an open source wallet and safe to keep your coins. I have always known that it involves third party and they can tamper with your funds anutime and who will you hold for being dumb. Because i remember that telegram will warn you that the wallet does not belong to them so that you don't hold them responsible for whatever happens to your funds if you store them in that wallet.
Very true, one of the most outstanding qualities and characteristics of crypto that makes it standout from every other financial method of exchange and wealth storage is its decentralized nature, giving its users complete autonomy and full control over their assets without the involvement and interference of any third party. While it’s true that Telegram wallets shares almost the same qualities with other open source and decentralized wallets, it still has several flaws and disadvantages because by using the telegram wallet, you’re making telegram a third party to your funds, thereby giving them control over your assets, and there’s no decentralization there. Although there are not much serious complaints about the telegram wallet yet, but that doesn’t mean they are not likely to arise in the future. The honest truth is that just like every other centralized exchanges and wallets, the safety of your assets are not guaranteed when you choose to store them on the telegram wallet.
-
Storing a small amount of money on various telegram wallets is still acceptable I guess if there's a reason why you're putting your money into it. I just tried to join different Telegram airdrops and there are some of them where if you want to get more free tokens, you need to make a transaction using any supported telegram wallet. If that's what you're doing then I guess it's still advisable and "SAFE"? I guess so.
Agree. If we only hold the coins valued with small amount of money, it is no problem to store in telegram wallets temporarily. But if we want to hold for a long term, I think it is better to move the coins to safer wallets.
Yes, joining some airdrops, we may put few tokens in telegram wallets. There are many airdrops that using telegram app, they seems to send the tokens in telegram wallets. It is no problem for holding a short time, but it should be moved if we plan for a long term holding.
-snip- but it's highly recommendable to store your assets in a hardware wallet.
Agree. Hardware wallets should be the best option if we want to hold the coins for a long time. Some people may hold in top exchange wallets, but it is not so different with telegram wallets. The non custodial wallets must be the best option for a long term, custodial wallets is for temporary holding only.
-
Have problem face by my friend when purchasing their assets in telegram wallet and all KYC reject there are not possibility any more get restore back their fund. I don't know what happen with telegram wallet after KYC rejecting and the user can't withdraw their fund, its reason for us never store any assets in telegram wallet behind easily got banned with our telegram account have bad possibility with KYC rejected.
Can't appeal after how much assets in telegram wallet although any my friend get it from purchasing DOGS airdrop and swap become USDT stable coins.
It's good you brought it here to inform others that because telegram wallet has seed phrase does not mean that it is an open source wallet and safe to keep your coins. I have always known that it involves third party and they can tamper with your funds anutime and who will you hold for being dumb. Because i remember that telegram will warn you that the wallet does not belong to them so that you don't hold them responsible for whatever happens to your funds if you store them in that wallet.
Agreed, it is important to emphasize that although Telegram has a wallet with seed phrases, it is not secure and is not open source. Your funds can be accessed or hacked by the third party who manages the wallet and you do not have much legal protection in case of loss or fraud. Telegram itself explains that they are not responsible for the wallet and therefore, it is important to invest in a good and secure wallet for coins.
-
Agreed, it is important to emphasize that although Telegram has a wallet with seed phrases, it is not secure and is not open source. Your funds can be accessed or hacked by the third party who manages the wallet and you do not have much legal protection in case of loss or fraud. Telegram itself explains that they are not responsible for the wallet and therefore, it is important to invest in a good and secure wallet for coins.
The thing about closed source is that their code are hidden from the public not like open source, which many business may like but one sad thing is that, security depends on how good is the dev teams including they don't having malicious intentions, since malicious attackers may attack that wallet or any other closed source project just to find exploit and then people may suffer greatly from it.
I'm skeptical about the telegram wallet because I have heard enough news to be since many have suffered from account banned or wallet banned and thereby being unable to access their funds. Clear reason for Not Your Key Not your coin.
-
The thing about closed source is that their code are hidden from the public not like open source, which many business may like but one sad thing is that, security depends on how good is the dev teams including they don't having malicious intentions, since malicious attackers may attack that wallet or any other closed source project just to find exploit and then people may suffer greatly from it.
I'm skeptical about the telegram wallet because I have heard enough news to be since many have suffered from account banned or wallet banned and thereby being unable to access their funds. Clear reason for Not Your Key Not your coin.
I don't think anyone should even think about telegram wallet being an open source wallet like telegram is self is more like a social media platform and the wallet is just like an extension of the telegram app so if telegram itself is close sourced then you shouldn't think of expecting a wallet which is just an extension of it to be open source.
Also, whether telegram gives it's users the seed phrase to the wallet or not I believe it doesn't be really count since they still have those seeds and the keys to the wallet. So you are pretty much kind of sharing your ownership of the coins with them. Not to mention what happens if you eventually get blocked from using telegram for some reason.
-
I read somewhere that there are such wallets, but there is only one truth in all this, and that is that if a person does not fully control his private keys, then he is in great danger of somehow losing his coins. Therefore, the conclusion is very clear, such a wallet is not secure and is the complete opposite of what we consider secure.
For the average user, a hardware wallet that comes from a renowned manufacturer is the best and simplest option that needs to be paid for, while on the other hand desktop and mobile wallets come in free versions, but as hot wallets they are only recommended for smaller amounts due to the vulnerability of the systems on which they are located.
The conclusion is that the greatest risk comes from online wallets, whether they are really online wallets or your account on a centralized exchange.
Exactly if one’s is not fully control of his or her walleye private key then there is danger . More so if very adviciable to always be fully control of your private key and avoid third party or anyhow to know about it .
Furthermore don’t trust anyone with your private key
-
The thing about closed source is that their code are hidden from the public not like open source, which many business may like but one sad thing is that, security depends on how good is the dev teams including they don't having malicious intentions, since malicious attackers may attack that wallet or any other closed source project just to find exploit and then people may suffer greatly from it.
I'm skeptical about the telegram wallet because I have heard enough news to be since many have suffered from account banned or wallet banned and thereby being unable to access their funds. Clear reason for Not Your Key Not your coin.
I don't think anyone should even think about telegram wallet being an open source wallet like telegram is self is more like a social media platform and the wallet is just like an extension of the telegram app so if telegram itself is close sourced then you shouldn't think of expecting a wallet which is just an extension of it to be open source.
Me speaking about it being closed source was just to clarify the meaning of closed source project earlier.
Also, whether telegram gives it's users the seed phrase to the wallet or not I believe it doesn't be really count since they still have those seeds and the keys to the wallet. So you are pretty much kind of sharing your ownership of the coins with them. Not to mention what happens if you eventually get blocked from using telegram for some reason.
This is the reason why I'm skeptical about the owner motives from the fact that people have already fallen victim of it and I have seen thread about this before at BTT. To be frank anything relating to finance holding I won't even consider putting my funds there when I know the owner is Pavel Durov from the fact that I don't really like how he manages Telegram especially in the aspect of those airdrops games where the platforms are not trustworthy with their words rather just continue milking participants while him just got his share and won't speak about it.
-
Have problem face by my friend when purchasing their assets in telegram wallet and all KYC reject there are not possibility any more get restore back their fund. I don't know what happen with telegram wallet after KYC rejecting and the user can't withdraw their fund, its reason for us never store any assets in telegram wallet behind easily got banned with our telegram account have bad possibility with KYC rejected.
I think reasons like this are part of why people are scared of making use of telegram wallets. I haven't really ventured how the whole telegram wallet looks like however I think the best your friend could do is contact their customer support service and if it's possible to move coins to a wallet too without doing any KYC then I believe another suitable option is for him to move those coins to another wallet of his choice suitably an open source one till he can fix his issues with the telegram KYC if not I guess he'll still need to wait till customer support can probably help.
-
I won't do that to be honest. Telegram wallets are susceptible to attacks and if you have heard about sim swapping attacks then that's your key in understanding why it is very risky.
I know that many are into airdrops and requiring telegram wallets for them to transact and get some better points before any release of the tokens that these projects you're working on.
Small amounts are fine but using it as your main wallet to hold all of your assets is a NO-NO. Long term keeps, use hardware wallets for better security and use only telegram wallets for claiming those airdrops or by doing tasks that requires you to a transaction in the TON network.
-
You can use any kind of wallet as long you consider the risk of having funds on such kind of wallet, it means that your total assets will not soo affected if your access on this kind of wallet lost. There are many or few uses telegram wallet for p2p purposes, but i would suggest not to store longer on the wallet for safety purposes.
-
I think reasons like this are part of why people are scared of making use of telegram wallets. I haven't really ventured how the whole telegram wallet looks like however I think the best your friend could do is contact their customer support service and if it's possible to move coins to a wallet too without doing any KYC then I believe another suitable option is for him to move those coins to another wallet of his choice suitably an open source one till he can fix his issues with the telegram KYC if not I guess he'll still need to wait till customer support can probably help.
Have tried contact the costumer service of telegram and their telegram wallet couldn't recovery back make them loss much assets because they are the buyer of DOGS coins and USDT with TON network. I don't know what problem with telegram wallet after success verifying but not ability for using their feature from sending coins assets in wallet.
Some time unbelievable with telegram wallet regulation having feature with receiving transaction trough id but when making transaction trough that feature but have problem our account detect as cheater. Wish for next time every one store their assets trough telegram wallet not get problem yet.
-
Have tried contact the costumer service of telegram and their telegram wallet couldn't recovery back make them loss much assets because they are the buyer of DOGS coins and USDT with TON network. I don't know what problem with telegram wallet after success verifying but not ability for using their feature from sending coins assets in wallet.
Some time unbelievable with telegram wallet regulation having feature with receiving transaction trough id but when making transaction trough that feature but have problem our account detect as cheater. Wish for next time every one store their assets trough telegram wallet not get problem yet.
You need to know that Telegram has no customer support for anything. There is only a moderator team that works for Telegram and of course they can't help you get inside your wallet, nor do they want to because their primary function is moderating chats (if Pavel lets them do their job, that is). Because these wallets are non-custodial (I think) meaning only you have the keys to them.
-
You can use any kind of wallet as long you consider the risk of having funds on such kind of wallet, it means that your total assets will not soo affected if your access on this kind of wallet lost. There are many or few uses telegram wallet for p2p purposes, but i would suggest not to store longer on the wallet for safety purposes.
agree with what you say, but in my opinion, actually all wallets are made with well, thought All security and no wallet is made with too little protection. All wallets can be safe or unstable depending on what we do to the wallet we use, because if we cannot keep it well, of course, at any time, we can be the funds we keep there will move.
But if the telegram wallet is because it is connected to our telephone number, controlled by a third party, then maybe just this time I see a wallet that is a bit vulnerable, and I agree not to use it to store funds for a long time.
-
In some countries it is not hard to reissue sim card with someones phone number and get an access to his telegram if persons hasnt set any protection. With that, I would not keep anything valuable on a telegram wallet, or would keep something in a wallet that I dont have full control or dont have full understanding how it works. No one has canceled "not your keys, not your crypto" rule.
-
I think it's best not to take risks and only use reliable wallets.
-
In some countries it is not hard to reissue sim card with someones phone number and get an access to his telegram if persons hasnt set any protection. With that, I would not keep anything valuable on a telegram wallet, or would keep something in a wallet that I dont have full control or dont have full understanding how it works. No one has canceled "not your keys, not your crypto" rule.
Do you mean SIM swap or telecommunication provider who give their customer a phone number that has been abandoned by old customer? Anyway, i believe such attack could be avoided if you enabled two-step verification (2VA), where the attacker also need to know the password. And it's definitely better to use self-custodial wallet since the beginning.
-
...
But if the telegram wallet is because it is connected to our telephone number, controlled by a third party, then maybe just this time I see a wallet that is a bit vulnerable, ...
Most CEX p2p requires mobile phones thus this doesn't differ from the rest of CEX p2p platforms requirements, unless you used DEX p2p like bisq. Although, i'm still wary of using it, despite of its being new, less buy/sell order ads, its rates are so low. Last time i checked there with my local currency it has 8-9% difference than the rate of my local currency to usd and to other p2p platforms.
-
Initially we have to remember not your keys not your coin. And now you can trust the wallets that will give you keys, i mean private keys, because they are decentralized wallets. But I'm not talking about wallets that give keys but they are not decentralized. But I'm not talking about wallets that give keys but they are not decentralized. Wallets where you have to give password that's mean centralize wallet centralize exchanger means control of it to one person. Now you notice whether the Telegram wallet is private or you have to enter your password here. And if there is a private key here then I would say it is decentralized wallet so you can trust it to store your funds.
But if your fund is of huge amount then I don't suggest any hot wallet, in this case I suggest you to use cold wallet.
-
As far as I know, when creating a wallet on Telegram, the private key is not known, this will be a problem because we cannot control our assets on Telegram. Many also discuss the dangers of storing coins in Telegram wallets and there are many issues that if Telegram is hacked, all the coins in Telegram can be sent by hackers. I will give advice, it is better not to store coins in Telegram wallets, it is dangerous.
-
In some countries it is not hard to reissue sim card with someones phone number and get an access to his telegram if persons hasnt set any protection. With that, I would not keep anything valuable on a telegram wallet, or would keep something in a wallet that I dont have full control or dont have full understanding how it works. No one has canceled "not your keys, not your crypto" rule.
Let's keep the issue of Simcard in one corner and discuss the brutality of Telegram wallets and the useless developers. They are making it difficult for people to have access to their wallets. I have a friend that was disturbing me to help him send out the DOGS airdrop he sent to the wallet to an exchange but Telegram disabled his account even though he had done KYC.
Why make people do KYC when you called TON telegram open network and yet people are been verified to have their rewards. Don't use telegram wallet, if you need one, better use Tonkeeper, that's the only decentralized TON wallets I used for some airdrop tasks.
-
Well now that Pavel Durov's been arrested and being charged....
It theoretically means that the authorities can backdoor the Telegram wallet. In fact, they can do pretty much whatever they want with the app since the code is closed-source and nobody would be able to tell if they hid a landmine in the wallet or not.
So do yourselves a favor, everyone, and just send your TON somewhere else.
-
Let's keep the issue of Simcard in one corner and discuss the brutality of Telegram wallets and the useless developers. They are making it difficult for people to have access to their wallets. I have a friend that was disturbing me to help him send out the DOGS airdrop he sent to the wallet to an exchange but Telegram disabled his account even though he had done KYC.
Why make people do KYC when you called TON telegram open network and yet people are been verified to have their rewards. Don't use telegram wallet, if you need one, better use Tonkeeper, that's the only decentralized TON wallets I used for some airdrop tasks.
Bad ways for accessing to Telegram account must using number phone and in my country Indonesia easily how to duplicate phone number due lack security from provider.
I think Telegram must change their way when accessing telegram account before checking telegram wallet from mobile phone number to email or using 2FA.
Beside easily with telegram account got banned I think big problem with telegram access by using mobile phone number with number expired or loss it and get difficult recovery if our telegram account have been out from mobile phone access.
-
In some countries it is not hard to reissue sim card with someones phone number and get an access to his telegram if persons hasnt set any protection. With that, I would not keep anything valuable on a telegram wallet, or would keep something in a wallet that I dont have full control or dont have full understanding how it works. No one has canceled "not your keys, not your crypto" rule.
Let's keep the issue of Simcard in one corner and discuss the brutality of Telegram wallets and the useless developers. They are making it difficult for people to have access to their wallets. I have a friend that was disturbing me to help him send out the DOGS airdrop he sent to the wallet to an exchange but Telegram disabled his account even though he had done KYC.
Why make people do KYC when you called TON telegram open network and yet people are been verified to have their rewards. Don't use telegram wallet, if you need one, better use Tonkeeper, that's the only decentralized TON wallets I used for some airdrop tasks.
I have always frowned at telegram wallet because since Telegram put the wallet future in their app, I have never tried opening or using it because I was very cautious with using anyhow random wallets to keep my crypto. There are good TON wallets that one can use instead of telegram wallet because your coins are not safe there.
-
I have always frowned at telegram wallet because since Telegram put the wallet future in their app, I have never tried opening or using it because I was very cautious with using anyhow random wallets to keep my crypto. There are good TON wallets that one can use instead of telegram wallet because your coins are not safe there.
Sya also does not use the wallet in the Telegram application, but it is just a wallet to do airdrop tasks etc.
and an alternative wallet that integrates with telegram I usually use TonKeeper and that is the wallet I use now.
And now almost all hardware wallets support the TON network so you can use your hardware wallet as your main TON wallet.
I use Safepal and now the TON network is available, it's more secure so you don't have to worry about the TON Assets you have.
-
I have always frowned at telegram wallet because since Telegram put the wallet future in their app, I have never tried opening or using it because I was very cautious with using anyhow random wallets to keep my crypto. There are good TON wallets that one can use instead of telegram wallet because your coins are not safe there.
I’d be the last person to either use or advice anyone to use the telegram wallet to store any kind of asset, although no one that I know so far has complained about the wallet but I’m always skeptical about wallets that are not decentralized or open source as they’re unsafe for storage purposes. Except of course you just wanna use you to imitate some immediate transactions, in fact, I’d advise totally avoiding the telegram wallet. Just like you said, there are other decentralized wallets or even hardware wallets tha supports the TON network, which of course would be a lot more safer to use.
-
I have always frowned at telegram wallet because since Telegram put the wallet future in their app, I have never tried opening or using it because I was very cautious with using anyhow random wallets to keep my crypto. There are good TON wallets that one can use instead of telegram wallet because your coins are not safe there.
this sounds more rational, than the security of the telegram wallet related to how to access it, even though there are also other walls such as TON keeper which are more reliable... for the purpose of connecting the wallet, usually the telegram mobile application and tonkeeper mobile can be connected when a telegram application asks for permission to connect it... I prefer the option of using this Tonkeeper wallet rather than having to gamble on security related to cellphone numbers using a telegram wallet...
-
Telegram wallet was generated as a result of the rush of engagement of telegram mining, which then has telegram wallet to serve as a better option for that. So that people who participated in telegram mining can have easy access and connections to their telegram mining with telegram wallet.
However, the whole idea of telegram mining has become a flop, of people learning their lesson that telegram mining is not worth the stress and time. I think the whole idea of the telegram wallet will begin to die off with its mining because it's of no importance again since people who thought to earn through telegram mining didn't earn as anticipated
-
this sounds more rational, than the security of the telegram wallet related to how to access it, even though there are also other walls such as TON keeper which are more reliable... for the purpose of connecting the wallet, usually the telegram mobile application and tonkeeper mobile can be connected when a telegram application asks for permission to connect it... I prefer the option of using this Tonkeeper wallet rather than having to gamble on security related to cellphone numbers using a telegram wallet...
You’re absolutely right.
And I believe the only reason why some people would choose to compromise the safety of their funds is due to the convenience that the telegram wallets might have to offer, I don’t know, I’ve not used one before but I think the possible reasons might be the possibility of not having to leave your telegram app to an external wallet to copy out your wallet address and then back to paste it on your telegram app, for some of those who are involved in these TON airdrops and P2E games, they might feel the telegram wallets may have eased them the stress of having to exit the telegram app just to go get their TON wallet address. But the reality remains that, nothing is good reason enough to compromise your safety and that of your funds and the sooner everyone in the sphere learns this, the better for them.
-
this sounds more rational, than the security of the telegram wallet related to how to access it, even though there are also other walls such as TON keeper which are more reliable... for the purpose of connecting the wallet, usually the telegram mobile application and tonkeeper mobile can be connected when a telegram application asks for permission to connect it... I prefer the option of using this Tonkeeper wallet rather than having to gamble on security related to cellphone numbers using a telegram wallet...
Tonkeeper only third party for connecting your telegram wallet but main purpose how the security of telegram account your self, in my country easily for duplicating mobile phone number and seems easily how get loss access of telegram account. Not matter with kinds of wallet your connected tonkeeper or other wallet related TON network but if your telegram security access too weak I don't sure how to secure all assets in telegram wallet.
Good ideas after purchasing coins or take profit from telegram wallet moving your assets to exchange wallet or own wallet without get problem with access and alway secure as long term holding.