Finder is committed to editorial independence. While we receive compensation when you click links to partners, they do not influence our content.

How to buy Telcoin (TEL) in the US

A beginner's guide to buying and selling TEL in the US.

Telcoin
TEL- USD
POLYGON-ECOSYSTEM
$0.02
-$0.0010 (-4.92%)

How to buy Telcoin

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Telcoin.

  1. Open an account on an exchange that supports TEL.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Telcoin.
  3. Buy Telcoin.
    Complete your Telcoin purchase and then find the best wallet to store TEL.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Telcoin?

Telcoin is an Ethereum-based platform that seeks to help bridge the gap that currently exists between the blockchain sector and the global telecommunications industry. In this regard, the project seeks to partner with a number of leading mobile service operators such as Verizon and AT&T in order to make the process of sending and receiving money across the globe smoother and more hassle-free. Most people today rely on traditional cross-border remittance services such as Western Union or SWIFT; however, these avenues are not only expensive but also quite slow. Telcoin, on the other hand, offers high-speed, cheap digital payments using ewallets and smartphone-based money apps. TEL is the native cryptocurrency of the Telcoin ecosystem. It is an ERC-20 token and is basically used to facilitate all of the payments that are made using the platform.

Telcoin (TEL) is the 75th largest cryptocurrency in the world by market cap, valued at $1,099,819,724. The current price of Telcoin is $0.01930544, which is -0.002% lower than yesterday. Prices have ranged between $0.02283063 and $0.01716836 over the past 24 hours. All prices are listed in US dollars and accurate as of July 27, 2021 08:07 UTC.

Where to buy Telcoin

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 provider.
Name Product Deposit methods Fiat Currencies Cryptocurrencies
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

246
cryptocurrencies

Finder Exclusive: Get up to 10 USDT in trading fee rebates for signing up and making a deposit, and up to 30 USDT in trading fee rebates after buying with fiat. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
loading

Compare up to 4 providers

Telcoin at a glance

Information last updated July 27, 2021 08:07 UTC.
Coin symbolTEL
Total TEL supply100,000,000,000
Circulating TEL56,969,406,904
Current priceUS$0.01930544
Notable team membersClaude Eguienta, Paul Neuner
PartnershipsECPay, Vimo, LinkAja
IndustryTelecommunications
Token usesPayments
NetworkEthereum

Telcoin price performance over time

Historical prices compared with the price of US$0.01930544.

1 hour -8.52%
24 hours -0.00%
7 days 0.97%
14 days -8.82%
30 days 62.39%
60 days 11.85%
200 days -9.48%
1 year -45.67%

How to sell Telcoin

You can cash out your TEL with the same exchange you bought it through:

  1. Sign in to the exchange you have TEL on.
    If you store your Telcoin in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of TEL you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Telcoin.

What to consider when buying Telcoin

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 in a near-instantaneous manner 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.
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.

More guides on Finder

Ask an Expert

You are about to post a question on finder.com:

  • Do not enter personal information (eg. surname, phone number, bank details) as your question will be made public
  • finder.com is a financial comparison and information service, not a bank or product provider
  • We cannot provide you with personal advice or recommendations
  • Your answer might already be waiting – check previous questions below to see if yours has already been asked

Finder.com provides guides and information on a range of products and services. Because our content is not financial advice, we suggest talking with a professional before you make any decision.

By submitting your comment or question, you agree to our Privacy and Cookies Policy and finder.com Terms of Use.

Questions and responses on finder.com are not provided, paid for or otherwise endorsed by any bank or brand. These banks and brands are not responsible for ensuring that comments are answered or accurate.
Go to site