If you bought 1 000 000 TEL on May 11, 2020, your TEL would have been worth $317.10 (at $0.0003171 per TEL). If you simply held on to your TEL for a year, on May 11, 2021, your 1 000 000 TEL would have been worth $64 900 (at $0.0649 per TEL). That's $64 900 from $317.10 in one year.
Yet, so many people are missing out on Telcoin and crypto in general simply because they do not know what it is or how it works.
This article provides a basic introduction to Crypto and TEL; hopefully, it can help you get closer to your financial freedom.
What is Crypto?
Cryptocurrency is a digital currency that uses cryptography to secure and verify transactions, control the creation of new units, and prevent unauthorized access to and alteration of the underlying digital ledger. Cryptocurrencies operate independently of central banks and governments and are generally decentralized, meaning they are not controlled by any single entity.
The most well-known cryptocurrency is Bitcoin, which was introduced in 2009. Other popular cryptocurrencies include Telcoin, Ethereum, Litecoin, and Ripple.
Cryptocurrencies are often used as a medium of exchange, a store of value, or for speculative investment purposes. They can be bought and sold on cryptocurrency exchanges and can also be used to purchase goods and services from merchants who accept them as payment.
What is Telcoin?
Telcoin is a cryptocurrency that was created to facilitate mobile remittances and transfers. It is designed to be fast, affordable, and secure and is specifically targeted at the growing market for mobile money and remittance services in developing countries.
The Telcoin network enables users to send and receive Telcoin tokens using their mobile phones without needing a bank account or traditional financial institution. Telcoin tokens are used as a medium of exchange and can be converted into local currency at various exchange points worldwide.
Telcoin's mission is to provide affordable, secure, and fast remittance services to people worldwide, particularly those underserved by traditional financial institutions. Its innovative technology is designed to help reduce the high fees and long processing times associated with traditional remittance services and to provide a more accessible and convenient alternative for individuals and businesses alike.
Overall, Telcoin is an innovative project that can potentially disrupt the remittance and payments industry by providing a more efficient, secure, and cost-effective solution for sending and receiving money globally.
How to invest in Telcoin?
If you're interested in investing in Telcoin, here are some basic steps to get started:
Users in the US can buy Telcoin directly from the Telcoin App by cashing in USDC with a connected bank account.
Users outside the US can follow the following steps:
- Choose a cryptocurrency exchange: Telcoin is listed on several popular cryptocurrency exchanges, including KuCoin, BitForex, and Uniswap. You'll need to choose an exchange that supports Telcoin and is reputable and secure.
- Create an account: Once you've chosen an exchange, you'll need to create an account. This usually involves providing your personal information and verifying your identity.
- Deposit funds: Before you can invest in Telcoin, you'll need to deposit funds into your exchange account. Most exchanges support deposits in major cryptocurrencies like Bitcoin and Ethereum, as well as fiat currencies like USD or EUR.
- Buy Telcoin: Once you have funds in your exchange account, you can buy Telcoin by placing a buy order on the exchange. You'll need to specify how many Telcoin tokens you want to buy and at what price.
3. Store your Telcoin securely: Once you've purchased Telcoin, it's important to store it securely. You can move your Telcoin tokens from the exchange and store them in your Telcoin App. Other investors choose to store their cryptocurrencies in a secure wallet that is not connected to the internet, such as a hardware wallet. You can also leave your Telcoin on the exchange, but this is generally considered less secure.
Users from around the world can also buy stablecoins (e.g., USDC) from exchanges, transfer this to the Telcoin app, and then trade the stablecoins on the Telcoin app.
Remember, investing in Telcoin and other cryptocurrencies carries risks and should be done with caution. It's important to do your own research, understand the risks involved, and invest only what you can afford to lose.
How to generate profits from owning Telcoin
As with any investment, making profits from investing in Telcoin involves some degree of risk and requires careful consideration. Here are some strategies that you might consider when investing in Telcoin:
Long-term holding: One strategy is to simply buy Telcoin and hold onto it for the long term, with the expectation that its value will increase over time. This is known as "hodling" in the cryptocurrency world. Telcoin's mission of providing affordable, secure, and fast remittance services in developing countries has the potential to drive its value up over time as more people use and adopt the technology.
Trading: You could also consider trading Telcoin, buying and selling at opportune times based on market trends and news. This strategy requires a good understanding of technical and fundamental analysis, as well as a high tolerance for risk.
Staking: Telcoin users will have the ability to stake the Telcoin (TEL) token, refer new users to the app, and earn up to 42% of their referred users’ trading fees. Those interested in joining the Staking program will find a new “Earn TEL” tab in the side menu of the latest version of the Telcoin App, rolling out globally today (subject to regulatory availability). In order to participate, users must first enter another user’s referral link, then stake TEL tokens, and then may share their referral code with new users to start earning referral fees.
It's important to remember that investing in Telcoin and other cryptocurrencies carries risks and should be done with caution. Always do your own research and invest only what you can afford to lose. Additionally, be aware of the potential tax implications of your investment and consult a financial advisor if necessary.
Use the code - 9cd9a52114f - to participate in the Stake & Earn program
Watch the videos below for more on buying TEL on KuCoin and moving it to the Telcoin App
The video below explains how to open a KuCoin Account
For some platforms, as part of the Know Your Customer (KYC) regulations, you also need to provide a photo of yourself from your mobile device to verify your identity.
The video below explains how to verify your KYC on KuCoin
When your account is verified, you can move to the next step.
Next, you need to deposit funds before you can purchase crypto. You can either deposit fiat currency (such as the South African Rand, U.S. dollars or euros) or cryptocurrency. If you are depositing fiat currency, you must purchase a compatible cryptocurrency. For example, when using KuCoin, you can buy Telcoin with USDT, so you must purchase the amount of USDT needed to trade for Telcoin.
Watch the video below on how to deposit funds into your account.
When you've purchased a compatible crypto (i.e., USDT) to trade with Telcoin, you can execute the trade. Select the Telcoin trading pair you wish to trade (such as TEL/USDT), select the amount you want to trade, and confirm the details. Most exchanges charge transaction fees, so be aware of the fees required to make the trade. When you are happy with the order details, confirm the trade and buy the Telcoin.
If you choose to move it to the Telcoin wallet, watch the video below to learn how.
To earn passive income, you can stake your TEL, and invite new people to also use the Telcoin App. You then earn incentives from the trading fees. The video below explains how this works.
That’s it! With these simple steps you can get started!
Disclaimer
This article will be updated as and when new information becomes available.
The information and content (collectively 'information') provided herein are general information. The authors do not guarantee the suitability or potential value of any information or particular investment source. Any information herein is not intended, nor does it constitute financial, tax, legal, investment, or other advice. The authors have no affiliation with Telcoin or other persons or companies referred to in this article. The information in this article is based on the sources used.
