The most common way to buy Telcoin is through different centralized exchanges. Currently, it is not found in many exchanges listed, but in one of the main ones, such as KuCoin. In this post, we are going to see how you can buy telcoin step by step in detail, and later more information about this project and cryptocurrency. So if you want to learn more about the project, I recommend you to stay until the end.
Where to buy Telcoin
If you have interest in buying Telcoin, currently Telcoin is not found in many exchanges, being KuCoin the main and most relevant exchange to buy TEL. I leave you with a step by step guide with buying cryptocurrencies and KuCoin exchange, so you can know step by step how to do it. It may seem complicated, but once you do it and understand, it is really simple.Â
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
Step by Step
The good part of using KuCoin is its wide variety of cryptocurrencies. So you will be able to use this platform to buy many of the cryptocurrencies that you may want to buy in the future. Besides being a secure platform and with a large number of customers, being one of the leading exchanges.Â
Now that we have quickly seen how to do it, letâs go with one more step-by-step guide so you donât get lost.Â
Register
The first thing to do to buy TEL is to register at the link here. You can register with a cell phone or email, whichever works best for you. They also have a mobile app, if it is more convenient for you than using KuCoin on your computer. The reality is that the mobile app goes faster and can be more intuitive than using the platform on your PC.Â
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
Buying coins with fiat money
Once you have your account with KuCoin, and you have filled in all the information in the KYC process, which is not necessary at the beginning but recommended so that you are not limited. You will have to make your first deposit. You will be able to choose different options, such as bank transfer, which takes a few days to get the money in your account or credit card which is immediate. Although the bank transfer is free of charge, and the credit card is. You can also transfer cryptocurrencies in your KuCoin wallet to avoid having to pay by credit card or bank transfer.Â
With your cryptocurrencies purchased, the best way to check that they are in your account is to go to Assets, and Main Account.
Transfer your cryptos to an Altcoin Exchange
You can make a deposit of a cryptocurrency, in this case USDT. Simply copy your adress to your other platform where you hold USDT, and click transfer. This will save you from having to buy USDT or another cryptocurrency with your credit card or bank transfer and save on handling fees, depending on the form of deposit you make.Â
The best way is to buy USDT on Binance with your credit card, with only a 1.8% commission, and send the USDT you bought on Binance to KuCoin.
Platform: Binance
Min. deposit: $10
License: Cysec
Very low commissions
Exchange with more cryptocurrencies
If you want to buy or deposit euros, dollars or other currency in KuCoin, the commissions to pay by credit card and have it instantly are somewhat high, so if you want to buy Telcoin without incurring higher commissions, use Binance to deposit your currency, in my case euros, go to the EUR/USDT pair and buy USDT.
With USDT, go to wallet, search for USDT (Tether) and click on withdraw. Here indicate the KuCoin wallet address of your USDT, and you can have USDT in your KuCoin account paying the lowest commissions.Â
This is only possible if you already use another platform and have the cryptocurrency there. If this is not your case, you will have to use the previous way to buy the cryptocurrency.Â
To buy TEL, the best option is to buy USDT, but you can also buy Bitcoin. In case you choose Tether, you will have to go to market afterwards and select the TEL/USDT currency. If you have decided to buy Bitcoin, it will simply change the TEL/BTC currency. There is no difference in price nor one is better than the other, it simply depends on the choice of each person which cryptocurrency to buy before with euros dollars or another currency, in order to buy Telcoin.Â
Deposit BTC or USDT for exchange
In some exchanges they will need more information, which is known as KYC, and it is simply to deliver the documentation they ask for, and it may take a few days to verify your account, since they have to make sure that it is really you. In the case of KuCoin, luckily, KYC is not necessary to make small movements, less than 5 BTC, so if you are not going to move large amounts, you can do so without having to wait for them to approve your KYC. Â Although the process is usually straightforward and easy to follow. Once you have it set up, you will have full access to your exchange wallet.
If this is the first time you make a deposit with a wallet, it can be complicated here, but it is actually simple. In the box on the right, you are going to see a string of random numbers that says âUSDT addressâ, this is a unique public address of your Tether wallet, it is the same in case of Bitcoin. This wallet, or wallet, is only with respect to KuCoin. You can see it like when you make a deposit in euros or your currency on any platform.Â
Now simply go back to your exchange where you have your cryptocurrencies and you want to transfer them to KuCoin, go to the wallet and click on Bitcoin or Tether in your list of assets, then âSendâ on the right.
In the Recipient field, paste the wallet address into your clipboard, for security reasons you should always check if both addresses match. There is some computer malware that has been known to alter the contents of your clipboard to another wallet address and would essentially be sending funds to someone else.
Now click âSubmitâ to proceed, you are going to receive a confirmation email instantly, click on the confirmation link in the email and your coins are on their way.
Check before you click that your wallet address is correct and there are no errors. It should take a short time, at most a few minutes or less. And see the notification in KuCoin and in the other exchange that you have sent the cryptocurrencies. Now you are ready to buy TEL with your USDT or BTC.
Trading with TEL
Go to markets, and select USDT if you are using Tether or BTC, in case you are using Bitcoin. Search for Telcoin or âTELâ in the search engine.Â
In the right column there is a search bar, now make sure âBTCâ is selected as we are trading BTC to altcoin pair or USDT if you use Tether. Click on it and type âTELâ, you should see TEL/BTC or TEL/USDT, select that pair and you should see a TEL/BTC price chart in the middle of the page.
Below is a box with a green button that says âBuy TELâ, inside the box, choose the âMarketâ tab here as it is the most straightforward type of buy orders. You can type in your amount or choose how much of your BTC deposit you would like to spend on the purchase by clicking on the percentage buttons. When you have confirmed everything, click âBuy TELâ. You already own this cryptocurrency.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
What is Telcoin?
Remittances reimagined on the cell phone
There are almost five times as many cell phones as active bank accounts, yet people around the world are still queuing up to send money through high-cost remittance agents like Western Union. Why waste time and money when you could use whatâs already in your pocket?
Instant transfers
Leveraging blockchain technology and mobile money infrastructure, we enable users to transfer money globally in seconds.
Mobile convenience
Telcoin works with mobile operators and e-wallets around the world, allowing us to reach a broad user base with a contactless service.
More affordable
Including commissions and exchange margin, the overall average cost of sending a remittance is over 7%. Telcoin targets an average total cost of less than 2%.
Powerful and secure network
Built on the Ethereum blockchain, Telcoin combines the strength of a decentralized network with the cryptographic security of multiple signatures.
Send money globally
Our user-centric design makes Telcoin Wallet the best way to send money. Simply cash out, enter the recipient country, phone number, amount and send.
A solid model for telecom adoption
Telecom operators receive TEL based on their transaction volume and integration maturity, ensuring the most efficient delivery of an affordable remittance service to their subscribers.
Incentivized adoption
Telcoin can easily fit into existing fee models for connecting to operator billing and mobile money platforms, but any fees applied are deducted from TEL issuance. The model incentivizes a low fee service that is attractive to end users, but still profitable for networks.
Flexible telecom API
Telcoinâs pricing and exchange API interacts directly with operator billing and mobile money platforms via REST, SMS and USSD APIs.
Extending mobile financial services
Telcoin connects existing mobile money platforms to the decentralized financial system of the future, starting with a globally marketed remittance service aligned with the telecom industry.
Wallet agnostic
In addition to our proprietary wallet, Telcoin can integrate with existing mobile money wallets in the telecom industry. Offering Telcoin to subscribers is as easy as adding an additional remittance merchant.
Platform: KuCoin
Min. Deposit: $30
License: Cysec
Very low commissions
Exchange with a wide variety of cryptocurrencies
