Toncoin (TON), the Telegram Open Network's decentralized currency, is gaining popularity due to its integration into the Telegram ecosystem and ease of use for various transactions.
In this article, we will discuss how to withdraw Toncoin to a card, consider the available ways to sell this cryptocurrency and consider the key points to consider when choosing a service to withdraw TON.
Toncoin (TON): Basic Information
Toncoin is a cryptocurrency based on the Telegram Open Network (TON) blockchain. The platform aims to enable users to conduct fast and inexpensive transactions (fees do not exceed $0.01).
TON is widely recognized due to its integration into the Telegram messenger, which simplifies access to cryptocurrency for millions of users around the world. Today, Toncoin is used as a means of payment and as within various DeFi applications.
TON's main advantages are its high transaction speed (record of over 100,000 per second) and minimal fees, making it attractive for everyday use.
Withdrawing Funds: What Is Important to Consider
Before you start withdrawing Toncoin to your card, it's important to pay attention to a few key points:
- The reliability of the platform. The service should be safe and have positive feedback from users.
- Supported fiat currencies. It is important to make sure that the chosen platform supports work with the desired fiat currency.
- The exchange rate and the fees. This is especially important when withdrawing large sums: even a slight difference in exchange rates and fees of different platforms can lead to losses.
- Limits. Most platforms set withdrawal limits (minimum and maximum amount). When choosing a service, study its rules in advance.
Ways of TON Withdrawal
Let's consider several types of platforms where you can sell TON.
Online exchangers
One of the most popular ways to withdraw Toncoin into fiat money. With the help of exchangers, users can sell TON for fiat and exchange it for other cryptocurrencies.
Aggregators such as SwapZone, which offer comparative tables with exchange rates and conditions, can help you find a suitable exchanger and choose the most profitable option.
One such service is CryptoCloud, which allows you to make crypto-crypto exchanges. It supports over 1500 currency pairs and offers a wide range of providers for the most favorable exchange.
Offline exchanges
Offline exchanges are usually offered by online services. They are located in major cities and offer to sell cryptocurrency for cash at the company's office.
On aggregator sites, you can find a list of offline exchangers in your city, choose the most suitable one, fill out an application and come to the office for exchange at the appointed time.
P2P exchanges
P2P platforms allow users to sell TON and other cryptocurrencies directly to each other. Many crypto exchanges (e.g. Bybit, HTX, MEXC, etc.) offer this feature. They charge a small fee and act as a guarantor of the transaction. The exchange process takes place as follows:
- On the P2P platform, the user selects a suitable offer.
- The amount of the exchange is specified, the method of withdrawal (for example, bank transfer).
- After the transaction is confirmed, the cryptocurrency is transferred to the specified address, and the money is sent to the bank account.
P2P exchanges are attractive due to the absence of intermediaries, but they require cautiousness when choosing counterparties. You should check the seller's rating before making a transaction.
Crypto ATM
A crypto ATM is a special device that allows you to sell TON for cash. Most crypto ATMs support working with Bitcoin and other popular currencies, but their list is often limited. Make sure that the device supports the cryptocurrency you need.
Using a crypto ATM is a fairly convenient option for withdrawing Toncoin. Nevertheless, such devices charge high commissions (up to 10%) and are located only in major cities.
Withdrawing TON from TON Wallet and TON Space
TON Wallet is a hot and custodial cryptocurrency wallet built into the Telegram messenger. It allows users to work with different types of currencies (transfers, conversions) and perform transactions on P2P exchanges. In addition, users can pay for goods and services (mobile Internet, VPN, AI bots) and organize payment acceptance via Telegram bot.
TON Space is a new wallet built into the Telegram messenger, which is in beta testing. The cryptocurrency wallet is non-custodial — its keys are stored on the user's device, so it is considered safer than TON Wallet.
Let's understand how to withdraw funds from TON Wallet to a card via P2P trading. To do this, you need to:
- Open the Telegram app and proceed to «Wallet» using the menu.
- Click on the «P2P Market» section and press the «Sell» button.
- Choose a suitable one from the list of offers based on the type of currency, exchange limit and withdrawal method.
- Enter the required amount and transfer the payment to the seller at the specified address.
- Wait for the reception of funds. Usually, it takes a couple of minutes.
The process of selling funds with TON Space is a bit different, as this wallet does not have a built-in option to sell cryptocurrency. Nevertheless, assets can be exchanged through third-party online exchangers. We tell you how to withdraw cryptocurrency from TON Space:
- Choosing the right exchanger. Some services require users to register and undergo verification.
- Filling out the form. Usually, you need to specify the currency of sale, the desired fiat currency, the amount of exchange, and bank details. Sometimes, exchangers ask you to enter personal data such as your full name, phone number, and e-mail.
- Sending cryptocurrency. After filling out the form, the exchanger will generate an address to which you need to transfer the sold cryptocurrency. Do this via Telegram «Menu» — «Wallet» — «TON Space» — «Send» — «External Wallet». In the field that appears, you need to insert the address provided by the crypto exchange.
- Receiving fiat. Funds will be transferred to your account within a few minutes.
How to Withdraw Ton to Fiat?
You can withdraw Toncoin to fiat through various platforms, such as online exchanges, P2P platforms, crypto exchanges, and offline exchanges. Each method has its own peculiarities and requires careful consideration when choosing a service.
Make sure that the platform is reliable, supports the right fiat currencies, and offers favorable exchange rates so that withdrawing TON is safe and fast.
