Wallet in Telegram: What it is and how it works ⚡️ Hamster Academy

Summary

The video script introduces the Telegram Wallet, a hot custodial wallet developed in collaboration with TON Blockchain, offering users a seamless crypto experience. With over 40 million users, the wallet allows for receiving, sending, buying, and selling cryptocurrency, along with free and instant transfers between Telegram users. It also features a P2P market for buying crypto and a promotion offering high-interest rates on USDT deposits. The script emphasizes the importance of security and the wallet's accessibility in everyday life, hinting at the potential for the Hamster Combat token to be listed post-airdrop.

Takeaways

• 📱 Telegram has integrated a 'Wallet' feature, developed by a separate company in collaboration with TON Blockchain.
• 👥 The Wallet has over 40 million users, highlighting its popularity and utility within the Telegram ecosystem.
• 🔐 The Wallet is a hot custodial wallet, which means users should be cautious with their deposit addresses and recovery phrases.
• 🔗 To engage with services like purchasing an NFT or linking to 'Hamster Combat', users need to use the T Space section within the Wallet.
• 💡 Users are advised to back up their 24-word recovery phrase securely to ensure account safety.
• 💸 Wallet users can perform various crypto transactions including receiving, sending, buying, and selling cryptocurrencies.
• 🌐 Telegram users can send cryptocurrency to each other for free and instantly, without any fees.
• 💳 Purchasing cryptocurrency can be done through a bank card or via the P2P market, which is a direct exchange method with other users.
• 🛡️ The Wallet's security measures regulate transactions, ensuring a safe environment for users to buy and sell crypto.
• 🔄 Currently, the Wallet supports USDT, TON, BTC, and potentially other cryptocurrencies like the Hamster token post-airdrop.
• 🎉 The Wallet is running a promotion where users can earn a 50% annual rate for a 2-week deposit, followed by another 2 weeks at 25% per annum.

Q & A

What is the 'wallet' application mentioned in the script?

The 'wallet' is a mini application within Telegram, developed by a separate company in collaboration with Telegram and the TON Blockchain. It is accessible directly from the Messenger's menu.

How many users does the Telegram Wallet have according to recent statistics?

The Telegram Wallet has over 40 million users as per the latest statistics mentioned in the script.

What does the term 'hot custodial wallet' imply in the context of the script?

A 'hot custodial wallet' refers to a wallet that is connected to the internet and managed by a third party, which can be accessed and used to perform transactions easily but might be more vulnerable to hacks compared to a 'cold wallet'.

What is the significance of the '24-word recovery phrase' mentioned in the script?

The '24-word recovery phrase' is a crucial security feature for the wallet. It should be backed up or securely stored as it is used to recover access to the wallet in case the user loses their device or forgets their password.

How can users perform cryptocurrency transactions within the Telegram Wallet?

Users can receive, send, buy, exchange, and sell cryptocurrency within the Telegram Wallet. They also have access to direct deposits and withdrawals to external wallets and can perform free and instant cryptocurrency transfers between Telegram users.

What is the P2P Market mentioned for buying cryptocurrency in the script?

The P2P Market, or Peer-to-Peer Market, is a method of direct exchange with other users where one party sends money, and the other sends cryptocurrency, or vice versa. The security is regulated by the wallet itself.

What precautions should be taken when using the P2P Market to buy cryptocurrency?

Users should choose a seller with many completed transactions and a good reputation, specify the amount they want to buy, send the payment to the seller's details, and receive their crypto. Support is available to assist if any problems arise.

What is KYC and why might users need to go through it?

KYC stands for 'Know Your Customer'. It is a procedure that requires users to verify their identity, which may be necessary depending on the user's region before they can use certain financial services, including cryptocurrency transactions.

Which cryptocurrencies are currently supported by the Telegram Wallet according to the script?

The Telegram Wallet currently supports USDT, TON, BTC, and it is hinted that other cryptocurrencies, possibly including the Hamster token after an airdrop, may be added in the future.

What promotion is the Telegram Wallet running with USDT as mentioned in the script?

The Telegram Wallet is running a promotion where users can deposit USDT for 2 weeks at an annual rate of 50% and then another 2 weeks at 25% per annum. This promotion has been ongoing for a couple of months with bonuses being credited as described.

What was the significance of the conference in Dubai mentioned in the script?

The conference in Dubai was significant as it featured Pavel Durov, the founder of Telegram, speaking alongside leaders of the Wallet and Tether, indicating collaboration and discussions around the future of cryptocurrency and blockchain technology.