How to buy Telcoin (TEL) in the UK

Where to buy Telcoin in the UK

It looks like TEL may not be available to purchase on an exchange in the UK.

You can still purchase TEL by using a decentralised exchange (DEX) instead. Decentralised exchanges are web applications that run on blockchains like Ethereum and allow users to trade any asset directly with one another.

How to purchase TEL using a decentralised exchange.

1. Find TEL on a decentralised exchange and make sure Telcoin can be traded for ETH which is the native asset of Ethereum. Popular DEXs include Uniswap, SushiSwap and 1INCH.
2. Buy ETH to trade for TEL using an exchange like CoinJar. You will need to purchase enough ETH to swap for TEL as well as ETH to pay for transaction fees on the Ethereum network (known as gas). You can use a service like Etherscan to get an idea of how much gas fees currently cost.
3. Transfer the ETH into a web 3.0 wallet like MetaMask to connect to the DEX.
4. Trade ETH for TEL on the DEX of your choice, following the instructions on screen. Make sure to leave enough ETH in your wallet to pay for gas.
5. Wait for the transaction to finalise and the TEL tokens will arrive in your wallet.
6. You may now keep the tokens in your web 3.0 wallet or transfer them somewhere more secure like a hardware wallet.

You can follow the same process when you want to sell your tokens, or come back to this page to see if they can now be traded on an exchange in the UK.

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.

Crypto is unregulated in the UK; there's no consumer protection; value can rise or fall; tax on profits may apply*.

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 ($0.00146198 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.

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.

* Cryptocurrencies aren't regulated in the UK and there's no protection from the Financial Ombudsman or the Financial Services Compensation Scheme. Your capital is at risk. Capital gains tax on profits may apply.

Cryptocurrencies are speculative and investing in them involves significant risks - they're highly volatile, vulnerable to hacking and sensitive to secondary activity. The value of investments can fall as well as rise and you may get back less than you invested. Past performance is no guarantee of future results. This content shouldn't be interpreted as a recommendation to invest. Before you invest, you should get advice and decide whether the potential return outweighs the risks. Finder, or the author, may have holdings in the cryptocurrencies discussed.