TEL

Cryptocurrency Overview

Telcoin (TEL) is a cryptocurrency designed to make cross-border payments and remittances easier and more affordable. It aims to integrate with existing mobile money platforms, allowing users to send money internationally using their phones. Telcoin's goal is to provide a fast, secure, and low-cost alternative to traditional remittance services, especially for those without access to traditional banking.

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Introduction to cryptocurrency exchanges

Telcoin (TEL) is available on several cryptocurrency exchanges, including KuCoin, Bybit, Bitget, LBank, and BingX. KuCoin currently has the highest trading volume for TEL.

Mobile trading app for buying cryptocurrencies

The official Telcoin App is the most convenient way to buy and trade TEL directly on your phone. It supports deposits via debit card and bank transfer (in select countries) and allows for easy conversion to USDC, which can then be used to trade TEL. Additionally, the app offers features like staking TEL and earning referral fees.

Why it's the best token

Telcoin is the “best” token depends on your individual goals and investment strategy. However, Telcoin's focus on making cross-border payments easier and more affordable, especially for underserved populations, makes it a unique project with potential for growth in the remittance market.

Token address

The official website for Telcoin is https://telco.in/. This is where you can find the latest news, updates, and information about the project.

The contract address for Telcoin (TEL) varies depending on the blockchain network it's on. The most common contract addresses are:

• Ethereum: 0x467bccd9d29f223bce8043b84e8c8b282827790f
• Polygon: 0xdf7837de1f2fa4631d716cf2502f8b230f1dcc32

Please double-check the contract address on the exchange or platform you are using to ensure you are interacting with the correct token.

Token transfer

To transfer TEL tokens, you'll need a compatible wallet that supports the blockchain network your TEL is on (usually Ethereum or Polygon). Use the “Send” function in your wallet, entering the recipient's wallet address and the amount of TEL to send. Be sure to select the correct network to avoid losing your tokens.

Introduction to cryptocurrency ATMs

TELcoin supports ATMs for easy crypto transactions, enabling quick access to cash and digital currency.

Cryptocurrency wallets

Telcoin (TEL) is primarily an ERC-20 token on the Ethereum blockchain, with some presence on Polygon. This means it's compatible with a wide range of wallets that support these networks. Here are some popular options:

• MetaMask: A browser extension and mobile app wallet, MetaMask is widely used and supports both Ethereum and Polygon. It's user-friendly and allows you to interact with decentralized applications (dApps) directly.
• Trust Wallet: This mobile wallet is known for its ease of use and security. It supports a variety of cryptocurrencies, including TEL, and has a built-in dApp browser.
• Ledger Nano S/X: If you prioritize security, hardware wallets like Ledger are a great choice. They store your private keys offline, making them less vulnerable to hacking. Ledger Live, the accompanying software, supports TEL.
• Coinbase Wallet: This wallet is offered by the popular cryptocurrency exchange Coinbase. It's a good option if you already use Coinbase for buying and selling crypto.
• TokenPocket: This mobile wallet is popular in Asia and supports a wide range of blockchains, including Ethereum and Polygon.

When choosing a wallet, consider factors like security, ease of use, and the features you need. Remember to always keep your private keys and seed phrases safe and secure.

Cryptocurrency trading market charts

Market cap/value of the currency

As of July 23, 2024, Telcoin (TEL) has a market capitalization of approximately $189 million USD. This means the total value of all TEL coins currently in circulation is estimated at $189 million.

The price of one TEL coin is currently around $0.002142 USD. This price is determined by supply and demand on cryptocurrency exchanges, and it can fluctuate significantly based on market conditions and investor sentiment.

Earning free cryptocurrencies/airdrops

There are a few ways to earn Telcoin (TEL) cryptocurrency:

1. Staking:

• Within the Telcoin App: You can stake TEL directly within the app to earn rewards. The more TEL you stake, the higher the potential rewards. Staking also gives you a referral code to share with others.
• On Other Platforms: Some platforms like KuCoin and Bitget offer TEL staking options with varying reward rates.

2. Referral Program:

• Telcoin App: By staking TEL in the app, you receive a unique referral code. When someone uses your code to join and trade on the app, you earn a portion of their trading fees.
• Other Exchanges: Some exchanges may have their own referral programs for TEL, so check their promotions.

3. Trading:

• Buy Low, Sell High: If you believe in the potential of TEL, you can buy it at a lower price and sell it when the price increases. This requires careful market analysis and understanding of the risks involved.

4. Airdrops and Giveaways:

• Follow Telcoin on Social Media: Telcoin occasionally runs contests and giveaways on platforms like Twitter and Telegram, where you can win free TEL.
• Participate in Community Events: Keep an eye out for community events and campaigns where TEL tokens might be offered as rewards.

5. Learning and Earning:

• Bitget's Learn2Earn: Bitget exchange offers a Learn2Earn program where you can earn free TEL by completing educational tasks and quizzes about cryptocurrencies.

Important Note:

• Airdrops and giveaways are not guaranteed, and the amounts offered can be small.
• Trading cryptocurrency carries risks, and you could lose money. Do your own research and invest responsibly.
• Always be cautious of scams and only participate in legitimate events and platforms.

Cryptocurrency taxation

Taxation on cryptocurrency transactions, including Telcoin (TEL), varies depending on your country of residence and specific tax laws. However, here's a general overview of how taxes might apply:

Japan:

• Income Tax: Profits from trading Telcoin are generally considered miscellaneous income and are subject to income tax. The tax rate depends on your total income level.
• Consumption Tax: If you use Telcoin to purchase goods or services in Japan, you may be liable for consumption tax.
• Capital Gains Tax: If you hold Telcoin as an investment and sell it for a profit, you may be subject to capital gains tax. The tax rate depends on the holding period and your income level.

United States:

• Capital Gains Tax: The IRS treats cryptocurrencies like Telcoin as property, meaning profits from selling are subject to capital gains tax. The tax rate depends on your income level and how long you held the asset.
• Income Tax: If you earn Telcoin through activities like staking or mining, it's considered income and is subject to income tax.

Important Considerations:

• Record Keeping: It's crucial to keep detailed records of all your Telcoin transactions, including dates, amounts, and values. This will help you accurately calculate your tax liability.
• Tax Professionals: Cryptocurrency tax laws can be complex. Consider consulting a tax professional for personalized advice based on your specific situation.
• Changing Regulations: Tax laws regarding cryptocurrencies are still evolving. Stay updated on any changes that might affect your tax obligations.

Disclaimer: This information is not financial or tax advice. Please consult with a qualified professional for personalized guidance.

Cryptocurrency security

Telcoin (TEL), like all cryptocurrencies, carries certain risks. As a digital asset, it's susceptible to hacking and theft if not stored securely. Telcoin utilizes security measures like multi-signature wallets and partnerships with established telecom operators to enhance user protection. Additionally, Telcoin's focus on regulatory compliance aims to reduce its attractiveness to illicit activities. As with any investment, it's crucial to do your own research and understand the risks involved before investing in Telcoin.

Currency login

To log in to your Telcoin account, download the Telcoin app from the App Store or Google Play. Open the app and tap “Login.” Enter your registered email and password. If youre a first-time user, select “Sign Up” to create a new account. Follow the prompts to complete the setup. Always ensure you have a secure internet connection for safety

Supported Payment Methods for Purchasing

The payment methods available for buying Telcoin (TEL) vary depending on the platform you use:

Telcoin App:

• Debit Card: You can directly purchase TEL using your debit card within the app. This is a convenient option for quick and easy transactions.
• Bank Transfer: In select countries, the Telcoin App supports bank transfers for depositing funds, which you can then use to buy TEL.

Cryptocurrency Exchanges:

• Crypto-to-Crypto Trading: Most exchanges allow you to trade other cryptocurrencies like Bitcoin (BTC) or Ethereum (ETH) for TEL. You'll need to deposit your existing crypto into the exchange and then execute the trade.
• Fiat-to-Crypto Trading: Some exchanges offer direct purchases of TEL using fiat currencies like USD, EUR, or JPY. Supported payment methods may include bank transfers, credit/debit cards, or other local payment options.
• Third-Party Payment Providers: Some exchanges partner with third-party payment providers like Simplex or Banxa, which may offer additional payment methods like Apple Pay or Google Pay.

Decentralized Exchanges (DEXs):

• Swapping: On DEXs, you typically swap another cryptocurrency, usually a stablecoin like USDC or USDT, for TEL. You'll need to connect your wallet to the DEX and have the required cryptocurrency in your wallet to complete the swap.

Important Considerations:

• Fees: Each platform may charge different fees for buying TEL, including deposit fees, trading fees, and withdrawal fees. Compare the fees across different platforms to find the most cost-effective option.
• Verification: Some platforms may require you to complete identity verification (KYC) before you can buy TEL, especially if you're using fiat currency.
• Security: Choose reputable platforms with strong security measures to protect your funds and personal information.

Online purchase of USD/USDT

To buy Telcoin (TEL) online with USD or USDT, you can use the following platforms:

• KuCoin: This exchange allows you to buy USDT directly with USD using various payment methods, and then trade USDT for TEL.
• Bitget: Similar to KuCoin, Bitget offers the option to buy USDT with USD and then trade it for TEL.
• Kraken: You can buy USDT with USD on Kraken and then transfer it to another exchange that lists TEL, such as KuCoin.

Buying cryptocurrency with a bank credit card

Buying Telcoin (TEL) directly with a credit card isn't currently supported on most major cryptocurrency exchanges. However, there are a few workarounds:

Option 1: Buy USDT with Credit Card, Then Swap for TEL:

• Choose an Exchange: Several exchanges like KuCoin, Bitget, and Binance allow you to purchase USDT (Tether) directly with a credit card.
• Complete Verification: You'll likely need to complete identity verification (KYC) before using your credit card.
• Purchase USDT: Follow the exchange's instructions to buy USDT with your credit card.
• Trade for TEL: Once you have USDT, you can trade it for TEL on the same exchange.

Option 2: Use a Third-Party Payment Provider:

• Select an Exchange: Some exchanges partner with third-party payment providers like Simplex or Banxa.
• Choose Payment Method: Select your credit card as the payment method.
• Complete Purchase: Follow the on-screen instructions to complete the purchase. The provider will typically convert your fiat currency to crypto and deposit it into your exchange account.
• Trade for TEL: Once the funds are in your exchange account, you can trade them for TEL.

Important Considerations:

• Fees: Using a credit card to buy crypto often involves higher fees than other payment methods.
• Credit Card Limits: Your credit card issuer may have limits on cryptocurrency purchases.
• Security: Be cautious when sharing your credit card information online. Choose reputable platforms with strong security measures.

Alternative:

If you have trouble buying TEL directly with a credit card, consider using a debit card or bank transfer instead. These methods are often more widely supported and may have lower fees.

Purchasing at ATM machines

To purchase Telcoin using an ATM, find a supported crypto ATM that offers Telcoin transactions. After verifying the machines support, select Telcoin from the available options. Enter the amount you wish to buy and provide your Telcoin wallet address, typically done by scanning a QR code. Insert cash to complete the transaction. The ATM will process your order, and you'll receive a receipt confirming the purchase. Always ensure the ATM is legitimate and secure before using it.

Buying with loans/financing

With Telcoin, you can access loans by leveraging your crypto assets. Start by choosing a lending platform that supports Telcoin. Deposit your Telcoin as collateral, and then apply for a loan based on the collaterals value. Once approved, you'll receive funds in your preferred currency. Be sure to review the terms, interest rates, and repayment schedule before proceeding. Always borrow responsibly!

About support for monthly payments of tokens

• Recurring Buys on Exchanges: Some exchanges like Coinbase allow you to set up recurring buys of other cryptocurrencies like Bitcoin or Ethereum. You could then use these to purchase TEL.
• Dollar-Cost Averaging (DCA): Manually buy a small amount of TEL each month. This strategy helps average out the purchase price over time and reduces the impact of volatility.
• Third-Party Apps: Some apps like Crypto.com offer features like recurring buys or crypto credit lines, which you could potentially use to purchase TEL.