TON is a fully decentralized layer-1 blockchain designed by Telegram to onboard billions of users. It boasts ultra-fast transactions, tiny fees, easy-to-use apps, and is environmentally friendly.
Just like you save your money in a bank, a wallet is where you save your cryptocurrencies, in a blockchain. This is a way to understand it, with the difference that the bank is a centralized authority that can freeze your money or take it away from you, and use it for the bank operations. The blockchain is decentralized, there is not a central authority and only you can access your funds and move them. You do it by having your secret words (in TON case, 24 words).
In the TON apps catalog, you can see many wallets listed, some of them guarded by a 3rd party platform, and some others, only guarded by you.
Then, click on "Continue" and you'll get your 24 secret words. Is highly important that you save them in a secure and secret place, and do not share them with anyone. If someone, somehow, accesses your secret words, you can lose your wallet funds. The secret words are the key to your wallet.
The next step is setting up a password to prevent someone from accessing your wallet if, for some reason, your device (computer or mobile) gets compromised. Write a secure password, confirm it and click "Continue". You'll actually need to save the password also in a secure place. We recommend BitWarden.
Here's your wallet. The first time you use it, with 0.00 TON 💎, the only option available is "Receive", because the wallet is not initialized. Once you transfer funds to it, you'll be able to send funds, unlocking the "Send" option.
With your 24 security words, you can import your wallet to other devices and wallet apps, like TonKeeper, or TonHub. Be sure to subscribe to our blog here to see the next articles, we'll be covering some ways to get TON (in the test and main networks).
This article is brought to you by TelePay, a cryptocurrencies payments gateway, to help you handle payments in your business, in an easy, fast, and secure way. Sign up, add your merchants and get your personal guarded wallet with us.
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