Wallet: New P2P Market
@Wallet now introduces a P2P Market for Telegram users where you can buy or sell TON for various "fiat" currencies
The addition of P2P market into Telegram’s @Wallet will go a long way into further popularizing the use of the wallet, as well as TON in general.
However, before you rush off to use the new feature, be aware that there are still bugs, and one tester says that users are being used as guinea pigs.
The integration is also further evidence of Telegram being behind TON, or, at least heavily integrated at an organizational level, which would be no surprise.
This also means that the value of TON will continue to increase as more and more of the claimed 700 Million monthly Telegram user base, uses TON.
Those new to such things should keep in mind several safety issues.
Wallet is a “Custodial Wallet”
Simply put, it means that whatever funds (TON, BTC, etc) that you put into the wallet, are not under your sole control. Telegram/TON also have access to your funds. If you lose access to Telegram, for whatever reason, you will also lose access to your funds.
TON NEWS knows of users who have had glitches with Telegram that resulted in their accounts being blocked, and, a loss of all their assets in Telegram Wallets such as Wallet and Crypto Bot. There is only one custodial Telegram wallet that protects against such things:
You should therefore always withdraw your funds to a non-custodial wallet whenever you are not needing those funds to remain in the custodial wallet, for example, after completing trades, or overnight.
TON NEWS has reviewed several non-custodial wallets, the safest of them all we have determined to be, at this point in time, TonSafe:
Since this review was published, TonSafe has added several new features, including 30 day TON historic rate graph, current value of TON in over 40 currencies, and local currency payment input when sending TON.
The other custodial wallets offering a P2P market is Crypto Bot:
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