How to Buy Toncoin

Toncoin (TON) cryptocurrency ranks at 9 place by capitalization. It’s 11 June 2024 on $16,853,350,207 year. Circulating supply: 2,431,745,152. Maximum supply – N/A. The price of TON for today – $6.94 with trading volume of $372,712,315 for 24 hours. The maximum price of Toncoin was registered on 5 June 2024 year and was – $7.76. The lowest price of TON, $0.5194, was registered on 21 September 2021.
Toncoin (TON)
$6.94 -3.62% ↓
24h price change
-0.25000 $
Capitalization
$16,853,350,207
24h trading volume
$372,712,315
on the official website

How to Buy Toncoin Price in USD: Convert to US Dollar

TON
ToncoinTONToncoin
BitcoinBTCBitcoin
EthereumETHEthereum
TetherUSDTTether
BNBBNBBNB
SolanaSOLSolana
Lido Staked EtherSTETHLido Staked Ether
USDCUSDCUSDC
XRPXRPXRP
DogecoinDOGEDogecoin
CardanoADACardano
Shiba InuSHIBShiba Inu
AvalancheAVAXAvalanche
Wrapped BitcoinWBTCWrapped Bitcoin
TRONTRXTRON
PolkadotDOTPolkadot
Bitcoin CashBCHBitcoin Cash
ChainlinkLINKChainlink
UniswapUNIUniswap
NEAR ProtocolNEARNEAR Protocol
US Dollar
USD
US DollarUSDUS Dollar
/wp-content/themes/tgd/assets/images/content/flag_eu.svgEUREuro
/wp-content/themes/tgd/assets/images/content/flag_ru.svgRUBRussian Ruble
/wp-content/themes/tgd/assets/images/content/flag_ua.svgUAHUkrainian hryvnia
/wp-content/themes/tgd/assets/images/content/flag_pl.svgPLNPolish zloty
/wp-content/themes/tgd/assets/images/content/flag_gb.svgGBPPound sterling
/wp-content/themes/tgd/assets/images/content/flag_jp.svgJPYJapanese yen
/wp-content/themes/tgd/assets/images/content/flag_ch.svgCHFSwiss Franc
/wp-content/themes/tgd/assets/images/content/flag_cn.svgCNYChinese Yuan
/wp-content/themes/tgd/assets/images/content/flag_tr.svgTRYTurkish Lira
on the official website
Data updated 6/10/2024

    Toncoin (TON) is native coin of TON project (from English The Open Network), which main feature is a promising first-level blockchain (like Ethereum or Bitcoin). The project started in 2018. Toncoin was developed as the internal cryptocurrency of the Telegram messenger (then the coin was called Gram). Since 2021, TON has been an independent project that is being developed by an independent developers community.

    How to buy Toncoin TON
    Main page of the official site ton.org

    In a new article, TGDRatings.com experts have dived into TON coin ecosystem and found out where you can buy it in 2024.

    Read also: Promising cryptocurrencies to pay attention on.

    What is Toncoin (TON)?

    The idea of TON creating came to the Durov brothers after governments around the world began to pay increased attention to the Telegram messenger.

    The ICO of the Gram coin, held in the USA, attracted the attention of the SEC (Securities and Exchange Commission) and was stopped by a court order in 2020. The Durovs withdrew from the development of the blockchain, and in 2021 transferred all the documentation and rights for the further development of the network to the TON Foundation community.

    Initially, the TON network supported the PoWS consensus algorithm, which implies coin mining. By 2020, a limited number of Grams were released, and in 2021, the network switched to PoS. As of 2024, the network has 1.5+ million accounts and 200+ validators.

    TON, like any first-level network, allows to create dApps and DeFi products on its smart-contracts, as well as blockchains of lower levels. So far, only few TON-based solutions have been developed, but the network remains a promising project, at least because of its technical characteristics.

    Comparison of characteristics of TON, Ethereum 2 and Solana networks
    Comparison of characteristics of TON, Ethereum 2 and Solana networks

    Where to Buy Toncoin (TON)?

    You can buy Toncoin on centralized and decentralized cryptocurrency exchanges, in some payment services (for example, Mercurio) and using cryptocurrency bots in Telegram.

    Although TON does not has mass support on centralized cryptocurrency exchanges, TGDRatings recommends using these platforms to buy a coin: as for centralized services, TON can be bought on OKX, Gate.io and EXMO.

    Toncoin Step-By-Step Buying Guide

    To buy a TON coin, you need to take several consecutive steps:

    1. Assess the Personal Level of Risk

    Investing in cryptocurrencies is a high risk activity. The risk is associated both with constant fluctuations in rates, what can lead to unwanted losses of money, and a from pure technical side (cryptocurrency exchanges scams, wallet hacks, etc.).

    To reduce risks, you should follow some rules:

    • Invest only your personal money;
    • Allocate enough money from your budget: there is no need to invest “last money” or all available money you have;
    • Study the technical risks and opportunities to save money in a crypto environment;
    • etc.

    2. Select a Crypto Exchange

    Trading platforms have different characteristics: commissions, limits, supported cryptocurrencies and payment methods, verification requirements, etc. You can choose any platform that suits you, but for beginners, it is recommended to use centralized exchanges such as Gate.io or OKX.

    Exchange
    Website
    BTC trading volume, 24h
    1OKX
    OKX
    BTC trading volume, 24h
    872.21
    2Bybit
    Bybit
    BTC trading volume, 24h
    565.37
    3HTX
    HTX
    BTC trading volume, 24h
    395.43
    4Gate.io
    Gate.io
    BTC trading volume, 24h
    159.19
    5KuCoin
    KuCoin
    BTC trading volume, 24h
    96.01

    3. Create Your Account

    Next, you need to register an account on the selected platform. As an example, let’s create the account on OKX (exchange supports buying TON). For this:

    1. Go to official site of the exchange;
      OKX Official Site
      OKX official website
    2. Click Sign Up in the top right corner;
      OKX registration form
      OKX registration form
    3. Enter phone number or e-mail → create a password → enter referral code (if any) and click Sign Up;
    4. Enter the 6-digit code which was sent to your email or phone number in the next window;
    5. The account is created.
    OKX requires mandatory KYC for new exchange users. An offer to pass an identity check will appear immediately after registration. For the first level of KYC, you will need to specify: citizenship, type of identity document, its number and your full name.

    4.Top Up Your Account

    OKX offers to buy TON for stablecoins USDT and USDC. For example, let’s replenish the exchange account with USDT coins. For this:

    1. Select the line Assets → Deposit in the main menu;
    2. Select USDT as a funding currency in the next window;
    3. Specify the network type. Make sure that the network in the wallet and on the exchange match, otherwise you will lose your funds (for example, the selected network is ERC-20) → Continue;
      Select coin and network
      Coin and network selection
    4. Select the account type in the Deposit to field (trading or general). After that, the USDT wallet address will appear (also available as a QR code);
      Address for transferring coins
      Address for transferring coins
    5. Move to your crypto wallet, select USDT and enter the copied USDT address from the exchange page in the transfer field (you can scan the QR code);
    6. Confirm the transaction;
    7. Wait until funds will appear in your account.

    5. Buy Toncoin (TON)

    When the exchange account is replenished, you can go to the trading terminal and buy TON. For this:

    1. Click Trade → Basic Trade → Spot in the top menu of the exchange;
      Trade Menu
      Trade menu
    2. Enter TON and select TON/USDT in the search bar on the left side of the terminal;
      Search field and order processing section
      Search field and orders setting section
    3. Set the order type in the Buy tab (for example, Market – TON will be bought at the market price);
    4. Enter the amount of USDT that you will spend on buying TON in the Total field;
    5. Click Buy TON;
    6. Confirm purchase.

    How to Sell Toncoin?

    To sell TON, you need to repeat the the same sequence of actions as for buying, but in the Sell TON tab.

    Sell order section
    Sell Tab

    How to Store Toncoin (TON)?

    To store TON, you can use the wallet of the crypto exchange where the coin was purchased. However, this storage method is not recommended for security reasons. It is much safer to use specialized services – cryptocurrency wallets.

    Unfortunately, TON is currently not supported by well known software crypto wallets like Trust Wallet and Exodus. However, the TON blockchain has native applications for storing the TON.

    All available wallets for storing TON can be found on the official project page. TGDRatings recommends using TON Wallet.

    Crypto wallets that support TON storage
    Crypto wallets that support TON storage
    Read also: Best crypto wallets.

    How to withdraw Toncoin to my wallet?

    To transfer TON from the exchange OKX we will use TON Wallet. Before you start withdrawing, register an account on the project page. The withdrawal process consists of the following steps:

    1. Click Assets → Withdraw on the exchange website;
      How to withdraw Toncoin to your wallet
      Toncoin withdrawal
    2. Select cryptocurrency for withdrawal, withdrawal method and network in the next window. Among the TON options, there will be only one network – On-Chain. Click Continue;
      Creating request to withdraw TON to OKX. Step 1
      Creating request to withdraw TON on OKX. Step 1
    3. In the TON address field, you need to specify the address received at the TON wallet → go to TON wallet;
    4. Click Receive button in the wallet;
      Receive button in TON wallet
      Receive button in the TON wallet interface
    5. Copy the address (or activate the QR code) and enter it in the TON address field on the exchange;
      TON wallet address
      Address in TON wallet
    6. Fill in the remaining lines in the withdrawal window: Name your address (optional) and Amount (amount of coins to be withdrawn);
      Creating an AXS withdrawal request on OKX. Step 2
      Creating an TON withdrawal request on OKX. Step 2
    7. Click Continue and confirm the transaction;
    8. Check if you received coins on your wallet.

    FAQ

    What is Toncoin (TON)?
    Toncoin is the native cryptocurrency of TON – decentralized first level blockchain. Initially, the coin was created as an native cryptocurrency of the Telegram messenger (it was called Gram). Since 2021, the TON blockchain have became an independent project.
    Where can I buy Toncoin crypto?
    One of the most reliable and cheap ways to buy TON is to use a cryptocurrency exchange platform. CEX exchanges provide the best market rates, high level of security, don’t have problems with liquidity, have a great number of trading pairs, support buying crypto by cards and through the payment systems, etc. We recommend using the OKX, Gate.io and EXMO exchanges.
    Is it good to buy Toncoin now?
    TON blockchain is in its initial stage of development, but already has some advantages over more well-known networks. For example, TON has a high block formation rate (higher than Ethereum 2.0) and an optimized data storage system. Detailed information on TON development process is available at on the official website.

    Because of this features the TON coin can be a very promising investment. However, the final decision on the purchase of TON should be made by the investor himself. Remember that any investment in cryptocurrency is associated with the risk of losing money, so do not invest all available funds and remember about security.

    What wallet stores Toncoin (TON)?
    A lot of famous wallets like Trust Wallet and Exodus do not support TON. TDGRatings recommends choosing a coin storage app on the project page, for example, a simple and reliable TON Wallet.
    Was this article helpful?
    Thanks for your opinion!
    Your opinion is important for us
    Voted: 105
    97% Yes
    No 3%
    Agatha Redich
    Agatha Redich
    Articles author, editor
    Articles author and website editor. Works with texts for over 12 years. Among Agatha’s clients: Rossman, Zara, Bosch, ING Bank, Lexus and others. Crypto journalist since 2018. She wrote more than a hundred articles about cryptocurrencies and the crypto market. Agatha's professional credo is to reveal complex topics in an accessible and simple way.
    Read more
    Emil Rabin
    Emil Rabin
    Site expert
    Cryptocurrency expert and financial analyst. Emil has working experience in Bain and KPMG, collaborated with PayPal and Revolut, organized more than 30 educational events about blockchain and cryptocurrencies in Eastern Europe. An expert of the TGDRatings.com portal since 2022.
    Read more

    Comments (0)

    Add a comment to the article

    Other users will see your name. Your email won’t be shown.
    Clicking the button “Leave a comment” I give my consent to the processing of personal data and agreed with privacy policy.
    Your comment sent successfully!
    Now it’s on moderation and will be published after checking by our specialists.