SET UP TON WALLETs
Last updated
Last updated
To start using the TON network, you'll need a TON wallet. Options include @wallet, which can be used within Telegram, and Tonkeeper, a non-custodial cryptocurrency wallet.
The Open Network (TON), previously known as Telegram Open Network, is a Layer 1 blockchain originally developed by the popular messaging application – Telegram, but is now managed by the community, who formed the TON Foundation.
Telegram has endorsed the TON network as its preferred blockchain for Web3 infrastructure.
TON wallets interface with the TON blockchain to allow holders to manage their assets and interact with decentralized applications on the network.
The Open Network (TON) is a Layer 1 blockchain that is focused on achieving cross-chain interoperability, while operating in a highly scalable secure framework. The TON blockchain is a Proof of Stake blockchain that implements sharding expansion, hence enabling its scalability by distributing the transaction load across multiple Shardchains.
TON was originally developed by Telegram, but due to legal disputes with the US Securities and Exchange Commission, the messaging app withdrew from the TON project in May 2020 and was subsequently picked up by the community, which formed the TON Foundation.
More recently, TON has begun working with Telegram to integrate and promote a TON-based Web3 ecosystem, where sending crypto will become as easy as sending a message. The TON @wallet, a Web3 wallet on Telegram, is also launching the self-custodial version, TON Space.
TON, like any other blockchain network, is a distributed ledger with every record validated and stored accordingly with proper identification. User accounts hold records of transactions related to them. Wallets create an interface to allow users to access their assets on the decentralized ledger. TON wallets are either specifically designed or supportive applications that interface with the TON network and mediate between the user and the network in such a way that allows them to perform activities and also allow the network to obtain and execute commands.
TON wallets are gateways to the TON blockchain. To use the platform, a TON wallet is required. Here’s how you can set up a personal TON @wallet;
TON’s @wallet lets you integrate a crypto payment system into your Telegram account. Do note that at the moment, users don’t hold access to their private keys, and @wallet uses custodial storage and is not a self-custody wallet.
Here’s how you can set up @wallet for your Telegram
Visit the TON wallet page and select @wallet from the options.
@wallet launches a Telegram bot where you can set up and manage your wallet. Approve the permission prompt to open your Telegram and head over to Telegram to complete the setup.
On Telegram, click Start to commence the set-up process. Accept permission to add @wallet as a menu option. Now your @wallet is ready for use on Telegram.
Adding @wallet as a menu option lets you access the wallet in chats. Hover or click the attachment on your chat interface to go to your @wallet.
To top up your @wallet, click Deposit crypto from another wallet from the wallet menu, select the asset you wish to deposit, and copy the provided address. Send the specified asset to the address. @wallet supports Toncoin, Bitcoin, and ERC20 USDT.
You can also top up your @wallet directly from your bank via the on-ramp payment option as seen above.
From the list of Ways to add funds, select Top up using a bank card and proceed to purchase the desired asset via credit card.
Now that your wallet is set up and funded, let us take a look at what you can do with your wallet directly from your messaging application.
Tonkeeper cannot be integrated into Telegram, but it allows users to execute activities on the TON network. Tonkeeper is non-custodial, letting users hold custody of their wallet keys. It also offers a wider range of uses for the TON network, including staking services and connection to decentralized applications.
The Tonkeeper wallet is available for Android OS and iOS. Chrome and Firefox extensions are also available for desktop devices.
Now, let’s look at how to set up your Tonkeeper Wallet
Visit the TON wallet page, select Tonkeeper, and proceed to install the version for your device.
Launch and set up your wallet. Ensure to write down and safely store your passphrase and choose a password for your wallet. Your created wallet is now ready for use.
You can now send and receive TON and other supported assets through your Tonkeeper wallet.
