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How to buy Telcoin (TEL) in Canada

Learn how to buy Telcoin (TEL) in our step-by-step guide.

Bybit Cryptocurrency Exchange

Bybit Cryptocurrency Exchange logo
  • Trade TEL and 375 other cryptos
  • Join 10M+ users around the world
  • Instant buy with CAD & advanced trading options
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Highly volatile investment product. Your capital is at risk. Bybit is not available to residents of Ontario or Quebec.

Telcoin (TEL) is in the top 1,000 cryptocurrencies by market cap, valued at US$108,623,714.

Telcoin is a highly volatile asset capable of major price swings in a single day. Today TEL is trading for $0.00157006 USD, which is lower than yesterday's trading price of $0.0015910659 USD. Over the past year, Telcoin's price has seen a decrease of -24%.

So before you buy Telcoin, make sure you understand these unique risks as well as its legal and tax status here in Canada.

If you're ready to get started, read on for step-by-step instructions on how you can buy Telcoin.

How to buy Telcoin in 4 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

  1. Compare crypto exchanges
    The easiest way to buy Telcoin is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
  2. Create an account
    To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
  3. Make a deposit
    Once verified, you can deposit CAD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
  4. Buy Telcoin
    You can now exchange your funds for Telcoin. On easier-to-use exchanges, this is as simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Telcoin to your personal wallet.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Where to buy Telcoin in Canada

Find an exchange to buy, sell and trade TEL by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the exchange.

1 - 1 of 1
Name Product Deposit methods Fiat Currencies Cryptocurrencies Offer Disclaimer
Bybit Cryptocurrency Exchange
Bybit Cryptocurrency Exchange
Credit card, Cryptocurrency, Debit card, P2P
USD, AUD, CAD, EUR, GBP, NZD, HKD, JPY, SGD, PHP

376
cryptocurrencies

Highly volatile investment product. Your capital is at risk. Bybit is not available to residents of Ontario or Quebec.
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How we keep this Telcoin guide up-to-date

  • TEL price data is regularly updated through data feeds so you always have the latest information.
  • Telcoin performance data is regularly updated using automated comparisons and AI systems built by our technical experts Zak Killermann and Helen Hu.

How do I find the best places to buy Telcoin?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in Canada to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Telcoin?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Telcoin.

  • This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
  • Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing TEL with your local currency then you will need to pass KYC.
  • Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Telcoin?

Once you've created an account, you will need to deposit funds to buy TEL with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to buy TEL:

  • Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
  • Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
  • Cryptocurrency: You can usually purchase TEL by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for TEL on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Telcoin?

The easiest way to buy TEL is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Before buying TEL, you may want to check the market conditions. To help you decide if now is the right time to buy, you can take a look at our all-time high tool to get an idea of how the price of Telcoin has been performing recently.

Best Telcoin wallets to store your TEL

You can keep your TEL on the exchange you purchased it on, or move it to a personal wallet:

  • Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
  • Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your TEL below.

Ledger Nano X Wallet

Trezor Model T Wallet

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Go to site

Supported assets

5,500+

Supported assets

1,317+

Price (USD)

$149

Price (USD)

$186

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Is Telcoin a good investment?

If you’re thinking of buying any TEL, some of the factors you may want to consider first include:
  • Payments focused: Despite what the name may suggest, Telcoin is not focused on the telecommunication market but is better thought of as a remittance platform that seeks to allow users all over the world to send and receive money without the need for any financial intermediaries (such as PayPal, WU, MoneyGram, etc) that usually charge anywhere between 4% and 10% of the total amount being transferred.
  • Faster payments: While traditional payment providers may take anywhere between two and five days to complete cross-border transactions, Telcoin leverages the power of blockchain technology, allowing it to process international payments instantly at a fraction of the cost that many traditional payment providers currently charge.
  • Transparency: An underrated aspect of this platform is that since it is completely decentralized, users can gain access to their funds at all times. This is in stark contrast to how money is handled traditionally — wherein a banking institution has complete custody over one’s funds.
  • Incentive driven: Telecom operators that make use of the platform are afforded the ability to issue TEL coins. According to its website, these tokens can be used to dole out various incentives and can even be employed by individuals to accrue tangible discounts (related to reduced transfer fees, etc).
  • Established backing team: Telcoin is the brainchild of Paul Neuner and Claude Eguienta. Neuner has been associated with the telecom industry for more than a decade now and has previously served as a tech entrepreneur, founding companies like Pangea K.K., Ikou and Sedona. Eguienta, on the other hand, holds an MS degree in computer science and is primarily focused on the development side of things — especially in relation to distributed systems.
  • Platform development: Telcoin underwent a substantial overhaul to their platform in 2021, introducing two new applications and fully decentralizing the protocol. How these relatively new products are integrated and adopted will be vital to Telcoin’s success going forward.

Today's Telcoin price versus ATH

Compare today's price of Telcoin ($0.00157006 USD) against its all-time-high price of $0.064483 USD on 11 May 2021. The closer the bar is to 100%, the closer TEL is to reaching its ATH again.

Telcoin's price: $0.00157006
ATH date: May 11, 2021
2.43%

Telcoin ATH: $0.064483


How to trade, convert or sell Telcoin

You can convert or sell your TEL with the same exchange you bought it through:
  1. Sign in to the exchange you have TEL on.
  2. If you store your Telcoin in a digital wallet, compare crypto exchanges to convert or sell it on.
  3. Choose Sell or Convert and place a sell order.
  4. Choose the amount of TEL you'd like to convert or sell.
  5. Confirm the sell price and fees and close your sale of Telcoin.
  6. Complete your transaction and move your TEL to a wallet for storage.
  1. Telcoin
  2. Data by CoinGecko

Disclaimer: Cryptocurrencies, including Telcoin, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of TEL is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Telcoin or any other cryptocurrency discussed.

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