Is it safe to store coins in the telegram wallet?

[Wiwo]

 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.

[UNIVERSE]

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.

[famososMuertos]

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"

[Aanuoluwatofunmi]

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.

[Gposas]

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.

[vegasus]

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.

[Dr.Bitcoin_Strange]

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.

[JunaidAzizi]

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.

[bounceback]

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.

[JoyMarsha]

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.

[Z-tight]

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.

[MrSpasybo]

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.

[Dr.Bitcoin_Strange]

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.

[bee]

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.

"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

[LogitechMouse]

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".