Five minutes to crack down on all kinds of TON Wallets!

Introduction

Are you ready to ride the next big wave in cryptocurrency? With the recent surge in interest and development around Toncoin, now is the perfect time to get involved. TON wallets are fundamentally different from EVM wallets - in the TON ecosystem, all wallets are essentially smart contracts. This means a small fee is required for first-time use (don’t worry, it’s minimal). Interestingly, smart contracts deployed on TON require rent even when inactive, a stark contrast to Ethereum.

With its phenomenal rise to the top 10 cryptocurrencies by market cap (currently around $19 billion), TON is proving to be an unstoppable force in the crypto world. Born from the visionary minds behind Telegram, TON was designed to support a user base in the hundreds of millions. Don’t let this opportunity slip through your fingers!

Before we dive into the wallets, let’s look at why TON is causing such a stir:

  • Unparalleled Scalability: TON has shattered records with 104,705 transactions per second, as confirmed by CertiK Community.
  • Massive Potential: Panterra Capital, one of the biggest investment firms, announced TON as their largest investment ever.
  • Rapid Growth: With 9M+ activated wallets and 500K+ active wallets per day, TON is gaining traction fast.

 

 

Source: tonstat

  • Seamless Integration: TON is set to onboard Telegram’s enormous user base through innovative projects like NOTCOIN.

What is a Crypto Wallet?

A cryptocurrency wallet is a service, application, or device where you can store, send, and receive digital assets. Wallets come in two main types:

  1. Custodial Wallets: Keys are stored by a third-party company. KYC is usually required.
  2. Non-Custodial Wallets: You manage the wallet yourself and control the private keys. No KYC is required.

For decentralized platforms like STON.fi DEX, you’ll need a non-custodial wallet.

Now, let’s explore the four essential TON wallets that will be your gateway to this exciting ecosystem:

1. TonKeeper: The All-in-One Powerhouse

TonKeeper is the Swiss Army knife of TON wallets, offering a seamless experience for both newcomers and crypto veterans.

Key Features:

  • User-friendly interface for web and mobile
  • Deep integration with TON ecosystem projects
  • Developed by a technically robust team, with founder Oleg Andreev also leading the development of TON’s smart contract language, Tact

Why Choose TonKeeper: If you’re only going to choose one wallet, make it TonKeeper! It’s not just secure and reliable; it allows easy participation in various exciting TON ecosystem projects.

Setup Process:

  1. Download the TonKeeper app.
  2. Create a new wallet.
  3. Set a password.
  4. Start exploring and trading on integrated DEXes like DeDust.io and STON.fi.

 

2. @Wallet: Telegram’s Native Crypto Solution

@Wallet is a centralized wallet designed for seamless Telegram integration, offering fee-free, instant transfers within the Telegram ecosystem.

Key Features:

  • Fiat on-ramp support
  • Direct access from Telegram’s menu
  • Support for USDT, BTC, and other major crypto transfers to other Telegram users
  • Potential to evolve into a “Telegram Saving Account,” offering flexible cash management

Why Choose @Wallet: For Telegram users, @Wallet is a no-brainer. Imagine trading crypto while chatting with friends - that’s the future @Wallet offers.

Setup Steps:

  1. Search for @wallet in Telegram or click here.
  2. Click “Start”.
  3. Click “Open Wallet”.
  4. Click “Add to Setting”.
  5. Complete setup and check your wallet balance.
  6. Access your wallet anytime from Telegram settings.

 

 

3. TON Space: Your Fortress of Digital Assets

TON Space is a self-custodial wallet that works in tandem with @wallet, offering enhanced security and control.

Key Features:

  • Two recovery modes: traditional seed phrase or Email+Telegram recovery
  • Direct asset transfer from @wallet for convenience and security
  • MetaMask-like interface supporting token receiving, sending, and exchange
  • NFT asset display
  • Future support for direct Dapp opening
  • Plans for multi-address management

Why Choose TON Space: If you’re planning to hold significant amounts of TON or participate in high-value NFT projects, TON Space offers bank-grade asset protection.

Setup Steps:

  1. Set up @wallet in Telegram first.
  2. Activate TON Space within @wallet.
  3. Choose your preferred recovery mode and complete setup.

4. MyTonWallet: Simplicity Meets Functionality

MyTonWallet offers a straightforward approach to managing your TON assets.

Key Features:

  • Clean, intuitive interface
  • Support for multiple platforms
  • Easy integration with TON-based DApps

Why Choose MyTonWallet: If you prefer a no-frills wallet that gets the job done without overwhelming you with features, MyTonWallet is an excellent choice.

Setup Process:

  1. Download MyTonWallet for iOS or Android.
  2. Create a new wallet and set a PIN code.
  3. Backup the 24-word seed phrase and complete the verification process.
  4. Enable biometric authentication for added security.

 

Custodial Wallets for Centralized Exchanges:

For those preferring to start with centralized exchanges, platforms like OKX, Bybit, and Huobi offer custodial wallets for TON. These can be a good starting point for beginners, but remember: “Not your keys, not your coins.”

In the End

TON ecosystem is bursting with opportunities - from DeFi and gaming to social networking and beyond. With over 100 games, innovative projects like Blum Crypto, and a thriving meme culture (@redotoken@Mittenstonchain@RosecoinTon), TON is rapidly becoming a hub of creativity and financial innovation.

Don’t wait on the sidelines while others reap the rewards. Whether you choose the feature-rich TonKeeper, the secure TON Space, the user-friendly MyTonWallet, or start with the integrated @Wallet, the time to get involved is now.

Remember, in the crypto world, early birds catch the worm. TON’s journey to revolutionize blockchain technology and onboard millions of users is just beginning. Will you be part of this exciting future, or will you be left wondering “what if”?

Act now, set up your TON wallet, don’t miss out on potential airdrops and unique investment opportunities! Position yourself at the forefront of the next crypto revolution. Your future self will thank you for making this smart decision today!

This article was updated on July 4, 2024