- What is TEL?
- Step 1: Register for Fiat-to-Crypto Exchange
- Step 2: Purchase Bitcoin with fiat money
- Step 3: Transfer BTC onto an Altcoin Exchange
- Step 4: To exchange BTC, deposit BTC
- Step 5: Trade TEL
- Last step: Securely store TEL in your wallet.
- Other useful tools to trade TEL
- Most Frequently Asked Questions
- TEL’s Latest News
- TEL Price Prediction and Price Movement
What is TEL?
What is Telcoin (TEL), and How Can It Help You?
Telcoin (TEL), an Ethereum-based, decentralized crypto that was established in Singapore in July 2017, is a bridge between cryptos and blockchain.
The project aims to partner with leading names in the telecoms industry like Verizon and AT&T to remove the hassle that exists between billing platforms and mobile money.
Telcoin’s main focus is on the remittance marketplace, in which Western Union is currently the leader. Telcoin has partnered with global telecoms and mobile payment platforms to offer users high-speed, low cost digital remittances via mobile money platforms and electronic wallets.
Telcoin (TEL), an ERC-20 token, is based on Ethereum blockchain. TEL can be used to make payments on ecommerce websites in the Telecoin ecosystem.
Who are the founders of Telcoin
Telcoin was founded by Claude Eguienta and Paul Neuner in 2017. It allows users to transfer money worldwide in a matter of seconds. Paul Neuner is the chairman of Telcoin. He has over 12 years of experience in telecommunications before he ventured into the world blockchain.
Mobius is a startup that offers fraud management services to mobile network operators. This was his first involvement as a tech entrepreneur. He founded Pangea K.K. in Tokyo, Japan, in 2012.
In March 2017, he founded Ikou, an app that allows you to create and organize events. Sedona, which focuses on the security of sovereign mobile financial services, was launched by him in 2018.
Claude Eguienta is the CEO of Telcoin. He also heads the project. He holds a Master’s degree in Computer Science, where he specialized in distributed systems. Claude has been working in startups and large tech companies for more than a decade, focusing on financial services.
What makes Telcoin unique?
Telcoin’s main focus is on the remittance market. Although there are nearly five mobile phones for a bank account, many people still queue up to send money to high cost remittance agents like Western Union.
Telcoin uses the power and flexibility of blockchain to offer people in the developing world an easier, cheaper alternative to remittances. Telcoin partners with mobile operators globally and ewallets worldwide to achieve this goal.
Telcoin, like every other digital asset decentralized, gives its users complete access to their money through their smartphones. You can send or receive money from any location in the world. The user is the main focus of the project. This allows users to use the platform in a familiar way.
Telcoin is a network that allows operators of telecoms to instantly issue TEL tokens. TEL token traffic gives operators incentives. The more TEL token traffic an operator has the greater the incentive he receives from the network.
Telcoin’s incentivized model for Telcoin provides extremely low-fee services that are appealing to end-users, but still lucrative to networks, according to Telcoin.
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What are the Circulation Numbers of Telcoin (TEL), Tokens?
Telcoin was built on Ethereum blockchain. At the launch of Telcoin in 2017, 25 per cent of tokens were distributed to investors in crowdsale. The Telcoin Team retained another 15% with a liquidity fund of 5 percent.
50 percent of tokens come from the incentives provided by telecom operators. The tokens that are used for community development and other ongoing activities account for 5 percent of total TEL tokens.
The project was launched with a fixed amount TEL tokens. Maximum tokens allowed on the network are 100,000,000,000 TEL. At the moment, 50 percent (50,270 110,195 TEL), of tokens have been issued.
What is Telcoin Security?
Telcoin is based on Ethereum’s blockchain. Although it has security due to the decentralization of its network, staking on the Telcoin blockchain is not allowed.
It does not use validators and instead uses a proof–of-concept model. Telcoin’s partners are the telecoms who sign up to integrate TEL. The telecoms receive the rewards of the network.
Telcoin uses multisignature crypto security to improve security. To complete a transaction on the Telcoin blockchain, you will need at least two private keys. You can choose how many keys you need before a transaction is complete.
There is an option to integrate other existing mobile money wallets, in addition to the Telcoin wallet.
Where can I buy Telcoin (TEL), and what are the costs?
TEL tokens are a highly sought-after crypto asset. However few exchanges allow you to purchase TEL tokens in fiat. TEL tokens are available to be bought against cryptocurrencies like Bitcoin (BTC). Ethereum (ETH)..
The top two exchanges currently offering trading, buying, and selling Telcoin (TEL), are:
TEL was made tradable in the beginning of January 2018, at 14:01. The total supply is 100,000,000,000. TEL’s market capitalization is currently unknown at USD $unknown. TEL’s current price is $0.0434. It is currently ranked 62 among the top 100 cryptocurrencies by Coinmarketcap. Recently, it has surged 50.25% at the time this article was written.
TEL is listed on several crypto exchanges. However, unlike most main cryptocurrency, it can’t be purchased directly with fiat money. This coin can still be purchased by purchasing Bitcoin on any fiat-tocrypto exchange and then transferring to the exchange offering to trade it. We will show you how to do this in this guide.
Step 1: Register for Fiat-to-Crypto Exchange
There is no KYC process!
This is suitable for US traders
Select Fiat-to-Crypto Exchange for details:
Bybit was founded in March 2018, and is a cryptocurrency trading platform. It offers a professional platform that allows crypto traders to find a super-fast matching engine, exceptional customer service, and support from a multilingual community. Bybit was initially focused on crypto derivatives trading, which is for experienced professional traders. However, it also offers a powerful platform for simple cryptocurrency purchase. It does not require KYC, which is a big advantage over other exchanges. This allows for faster buying and trading. You still have the option of verifying yourself if you wish to increase your daily withdrawal limit. Their daily withdrawal limit for unregistered users is 2BTC. This is quite generous and suitable for most first-time buyers. Their website and mobile apps have simple user interfaces that make buying crypto easy. Bybit, like many other exchanges does not permit US citizens to use its platform. This is due to regulatory reasons. Users can bypass the verification process by using a VPN service. These services are listed below.
Click ‘Create an Account’ and enter your email. To ensure your account is secure from hackers, choose a strong password.
You will receive an email confirmation. You will receive a confirmation email. Open it and follow the link. Log in to your account security and set up two-factor authentication (2FA). This adds an extra layer of security to your account. It is highly recommended to keep this feature on.
ByBit has a unique advantage over other exchanges in that you don’t have to go through Know-Your-Customer. Consequently, you can immediately start trading after you have registered. You don’t need to wait for either an automatic or manual identity verification process. You still have the ability to increase your daily withdrawal limit but as an unverified user, you have a daily withdrawal limit in place of 2 BTC. This is quite generous and sufficient for most traders.
Step 2: Purchase Bitcoin with fiat money
Click on ‘Buy Crypto’ > ‘One Click Buy’ at the navigation at the top. You can choose the amount you want to purchase and then select your preferred payment method. ByBit offers many payment options, including bank transfer and credit cards. It also has a variety of other payment options, depending on where you live. The fastest and most cost-effective way to make payments is with a creditcard. However, there are very few fees. You can use bank transfer and third-party payment options such as MoonPay. However, identity verification will be required with these methods. This may take some time. Click on the link below to learn more. Depending on which method you choose, the verification process can take anywhere from 5 to an hour. You can also buy from P2P sellers on ByBit. These sellers do not work for ByBit, and they operate independently. We advise that you exercise caution when using this method because scammers could be lurking on the platform.
Once you’ve chosen your payment method, click “Buy” and proceed to your payment. Congratulations! Congratulations! You just completed your first cryptocurrency purchase.
UpHold is one the most popular fiat-tocrypto exchanges. It offers the following benefits:
- Easy to trade between multiple assets, over 50 in total and more.
- There are currently more than 7M users around the world.
- UpHold Debit Card can be applied for. This card allows you to spend crypto assets just like regular debit cards. (United States only, but will be available in the UK soon)
- It’s easy to use the mobile app to withdraw funds to banks or other altcoin exchanges.
- No hidden fees or any other account fees
- For advanced users, there are limited buy/sell opportunities
- If you are looking to keep cryptos for the long-term, it is easy to set up recurring deposits in Dollar Cost Averaging (DCA).
- USDT is the most widely used USD-backed stablecoin. (Basically, a crypto currency that is backed with real fiat money so it is less volatile) This is convenient if the altcoin to be bought has USDT trading pairs on altcoin exchange.
Click ‘Next’ to enter your email. UpHold will require your real name for identity and account verification. To ensure your account is secure from hackers, choose a strong password.
You will receive an email confirmation. You will receive a confirmation email. Open it and click the link. To set up two-factor authentication (2FA), you will need to enter a valid mobile phone number. This is highly recommended as it adds an additional layer of security to your account.
You can complete your identity verification by following the next step. These steps can be daunting, especially when you wait to buy an asset. However, UpHold is regulated just like other financial institutions in most countries. This can be used as a compromise to buying your first cryptocurrency purchase through a trusted platform. The good news? The entire Know Your Customer (KYC), process should take less than 15 minutes.
Step 2: Purchase Bitcoin with fiat money
Once you are done with the KYC process. After completing the KYC process, you will be asked for a payment method. You will be asked to choose whether you want to use a bank transfer or a credit/debit cards. While you may be charged more fees depending on the card company and volatile prices, you can still make an immediate purchase. A bank transfer is cheaper, but will take longer, depending on where you live. However, there are some countries that offer instant cash deposits with low fees.
Once you’re done, go to the Transact’ screen and click on the?From’ field. Next, choose your fiat currency and then click on the ‘To’ field to select Bitcoin. Click preview to review the transaction and click confirm to confirm. Congratulations! You just completed your first cryptocurrency purchase.
Step 3: Transfer BTC onto an Altcoin Exchange
However, we’re not done. TEL, an altcoin, requires that we transfer our BTC on to an exchange that TEL can trade. We will be using KuCoin for this purpose. KuCoin is a popular platform to trade altcoins. It has many trading pairs. Register your account by following the link.
KuCoin is a cryptocurrency platform based in Seychelles, which was previously known as Hong Kong. KuCoin was launched in September 2017 and claims to have over 5 million users. Often known as the People’s Exchange, KuCoin now offers crypto-related services like crypto-to-crypto, fiat-to-crypto, futures trading, staking, lending and so forth. The exchange has one of the world’s most impressive trading pair selections, with more than 250 supported coins and 440 trading pairs. KuCoin was supported by Matrix Partners and IDG Capital, two traditional venture capital firms. They also announced funding of USD 20 million in Round A at the exchange’s end of 2018.US-investors cannot trade. You should not trade if you’re a US-investor.
You will need to go through the same process with ByBit as before.
Step 4: To exchange BTC, deposit BTC
You might need to complete another KYC process depending on the exchange policies. This should take between 30 and a few days. The process should be straightforward and simple to follow. After you are done, you will have full access your exchange wallet.
The screen may seem intimidating if you are making your first crypto deposit. You don’t have to worry about it, it’s easier than sending a bank transfer. Look to the right for a string of random numbers that says ‘BTC address’. This is the unique public address of KuCoin’s BTC wallet. To receive BTC, simply give this address to the person who sent you the funds. Click on “Copy Address” or right-click on the complete address to copy it to your clipboard.
Go back to Bybit. Next, click on Asset page. Choose BTC on your asset list.
Paste the wallet address from the clipboard into the Wallet Address section. It is important to verify that both addresses match for security purposes. You can send funds to another person by using computer malware known as clipboard altering.
Click “Submit” to continue. You will receive an instant confirmation email. Click the confirmation link in that email to confirm your order. Your coins will be on their way to KuCoin.
You can now go back to KuCoin to access your exchange wallets. Your coins should arrive within a few minutes as it is still being verified on the blockchain network. It may take longer during peak times depending on the network traffic conditions of the Bitcoin network.
After your BTC arrives, KuCoin should send you a confirmation email. You are now ready to buy TEL
Step 5: Trade TEL
Next, go back to KuCoin. Boom! Wow! Although the constantly changing figures may seem a little scary, it’s not too frightening.
The search bar is located in the right column. Make sure you select “BTC”, as we will be trading BTC to altcoin pairs. Click it and type “TEL” into the search bar. You should see TEL/BTC. Select that pair, and you will see a price graph of TEL/BTC at the top of the page.
Below you will see a box that has a green button that reads “Buy Tel”, inside the box, select the “Market” tab as this is the easiest type of buying order. By clicking the percentage buttons, you can enter your amount or decide how much of your deposit to buy. After you’ve confirmed all details, click “Buy TEL”. Voila! Finally, you have bought TEL!
There are several popular cryptocurrency exchanges that have large user bases and decent trading volumes. You will be able sell your coins anytime you want, and fees will generally be lower. These exchanges will allow you to trade on a lot of great opportunities.
Gate.io, an American cryptocurrency exchange, was launched in 2017. The exchange is American so US-investors are allowed to trade here. We recommend that US traders sign up for this exchange. You can access the exchange in both English and Chinese. This is especially helpful for Chinese investors. Gate.io’s main selling factor is their wide selection of trading pairs. Here you can find the majority of the latest altcoins. Gate.io has a high trading volume. It is one of the top 20 most active exchanges in terms of trading volume. It has a trading volume of approximately. USD 100 million daily. USDT (Tether), is usually one of the 10 most popular trading pairs on Gate.io. So, to summarize the foregoing, Gate.io’s vast number of trading pairs and its extraordinary liquidity are both very impressive aspects of this exchange.
Binance is a popular cryptocurrency trading platform that was established in China, but moved its headquarters to Malta in the EU. Binance is known for its services in crypto to crypto trading. Binance was the first crypto exchange to explode onto the global scene during the 2017 mania. Binance doesn’t allow US investors. Therefore, we recommend that US investors sign up to other exchanges.
Last step: Securely store TEL in hardware wallets
Ledger Nano S
- It is easy to set up and has a friendly interface
- It can be used on laptops and desktops
- Portable and light weight
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
Ledger Nano X
- Secure element chip (ST33), which is more powerful than the Ledger Nano S
- Use on your desktop, laptop or tablet. Bluetooth integration is possible.
- With built-in rechargeable battery, lightweight and portable
- Larger screen
- Ledger Nano S has more storage space
- Support all blockchains and a wide range (ERC-20/BEP-20), tokens
- Multiple languages available
- A well-established company built this device in 2014 with excellent chip security
- Affordable price
You may be planning to keep your TEL (or “hodl”, as some might say, which is essentially misspelled “hold”) for a significant time. However, Binance is one the most secure cryptocurrency exchanges. There have been hacking incidents that resulted in funds being lost. Due to the nature of exchange wallets, they are always available online (“Hot Wallets”, as we refer to them), which exposes certain vulnerabilities. It is best to store your coins in a cold wallet. The wallet will not have access to the blockchain, or simply “go online” when you send funds. This makes it less likely that hackers can hack into your coins. A paper wallet can be described as a free cold wallet. It’s an offline-generated pair public and private address. You will keep it safe. It is fragile and not long-lasting.
A hardware wallet is definitely better than cold wallets. They can be USB-enabled and store the keys of your wallet in a more reliable way. They have military-grade security, and the firmware is maintained by their manufacturers. This makes them extremely secure. These wallets are most popular and cost between $50 and $100, depending on their features. These wallets can be a great investment if you need to keep your assets safe.
Additional useful tools for trading TEL
Because of the very nature of cryptocurrency – decentralised, it means that users are 100% responsible for handling their assets securely. Although a hardware wallet can be used to store cryptos safely, it is much more secure to use an encrypted VPN connection to trade your sensitive information. This is especially important when trading takes place on the move or over public Wifi. NordVPN is a well-known VPN service that has been around almost ten years. It provides a military-grade encrypted connection, and you can opt-in with CyberSec to block malicious sites and ads. Based on your current location you can connect to over 5000 servers in 60+ countries. This ensures that you always have a secure and smooth connection. You can stream videos or download large files with no restrictions. It’s also the cheapest VPN service available at $3.49 per Month.
Surfshark is an affordable alternative to VPN connections. Although it’s a relatively new company, it has already 3200+ servers distributed in 65 countries. Apart from VPN it also has some other cool features including CleanWeb™, which actively blocks ads, trackers, malware and phishing attempts while you are surfing on your browser. Surfshark doesn’t currently have a limit on devices so you can use it across all your devices and even share it with your friends. Use the signup link below to get an 81% discount(that’s a lot!!) Get a 29% discount on your first month by signing up at the link below
Atlas VPN was created by IT nomads after they saw a lack in top-notch service for free VPNs. Atlas VPN was created to allow everyone free access to unlimited content with no restrictions. Atlas VPN set out as the first trusted free VPN with top-notch tech. Furthermore, even though Atlas VPN is the new kid on the block, their blog team’s reports have been covered by well-known outlets such as Forbes, Fox News, Washington Post, TechRadar and many others. Below are some highlights from the feature:
- Strong encryption
- Tracker blocking feature prevents dangerous websites from being tracked, blocks third-party cookies that track your browsing habits, and stops behavioural advertising.
- Data Breach Monitor determines if your personal information is secure.
- SafeSwap servers enable you to have multiple rotating IP addresses by connecting only to one server
- The best prices in the VPN market: Only $1.39 per month!
- No-log policy to protect your privacy
- Automated Kill Switch is used to prevent your device from accessing the internet.
- Unlimited simultaneous connections
- Support for P2P
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The great thing about the training is you don’t need technical skills. In fact, you don’t even need a great deal of money and can start with much less than $100 if you wish. You will learn all the secrets and be able to make money even if you’re a total novice. It also explains how to avoid scams. It explains how to make quick money and where you can trade. You can develop into someone who buys and sells smaller types of “altcoins” too.
Most Frequently Asked Questions
- Can I pay cash for TEL?
- Is there a quick way to purchase TEL in Europe?
- Do you know of any other platforms that allow you to buy TEL and Bitcoin with credit cards or debit cards?
Can I pay cash for TEL?
TEL can’t be bought with cash. There are however, marketplaces such as LocalBitcoins that allow you to purchase Bitcoin first, then transfer it to AltCoin exchanges.
LocalBitcoins, a peer to peer Bitcoin exchange, is available. It’s a marketplace that allows users to buy and sell Bitcoins from one another. Traders are the people who create ads with the price and payment method they wish to offer. You can also choose to purchase from sellers located in your area. This is an excellent place to purchase Bitcoins, if you are unable to find the payment method that suits your needs elsewhere. You should be aware that prices are often higher on this platform, and you must do your homework to avoid getting scammed.
Is there a quick way to purchase TEL in Europe?
Europe is a great place to buy cryptos. Online banks are available that allow you to open an account online and transfer funds to cryptocurrency exchanges like Uphold and Coinbase.
Do you know of any other platforms that allow you to buy TEL and Bitcoin with credit cards or debit cards?
Yes. It is also very simple to use for purchasing Bitcoin with credit cards. It’s an instant cryptocurrency exchange that lets you exchange cryptocurrency quickly and then buy it using a bankcard. The user interface is simple and the buying process is quite self-explanatory.
Find out more about Telcoin’s fundamentals and current prices here.
TEL Price Prediction and Price Movement
TEL has seen a 2143.43 percent increase over the last three months. This, combined with its large market capitalization, makes it likely that TEL will continue its upward trend and may even see some growth. TEL’s fundamentals are important to traders and can play a major role in determining the coin’s future price.
This analysis is based solely on historical price movements of TEL and is not intended to be considered financial advice. Traders should always conduct their own research and be extra cautious when investing in crypto currencies.