How to buy Telcoin (TEL) step by step
At Bit2Me, we update our cryptocurrency listings periodically to include new tokens that our users can trade with. However, not all tokens on the market appear in our list.
Fortunately, you have the option to buy Telcoin - TEL on Bit2Me, even if it is not currently on our official listings, just follow the instructions we share with you in this step-by-step guide.
1. Buy ETH on Bit2Me
The first thing we suggest is to buy ETH on Bit2Me. Why ETH and not another crypto? With Ethereum, you will later have access to a multitude of tokens in the next step. To buy ETH on Bit2Me, follow these steps:
- Open an account on Bit2Me through following link
- Verify your account
- Add Euros to your Bit2Me wallet
- Buy Ethereum and keep them in your Bit2Me wallet
2. Open a wallet on Metamask
How to create your wallet on MetaMask? 9 simple steps
MetaMask is a digital wallet, available as a plugin for desktop browsers and also for smartphones, Android and iOS. It is a wallet compatible with Ethereum and also with most of the main blockchains on the market, so it facilitates access to decentralized applications (DApps) for any user, regardless of their experience with cryptocurrencies.
Let's see how you can create and configure your MetaMask wallet in 9 steps:
- Download the browser extension or the mobile app for MetaMask.
- Next, click on the 'Get Started' button that appears on the screen to begin setting up your account.
- Create your first wallet by clicking on the 'Create a Wallet' button.
- Accept the terms and conditions of MetaMask to continue with the process.
- Create a password, following the instructions from MetaMask, for your first wallet.
- Write down and keep your seed phrase in a safe place, following the security advice that appears on the screen.
- You can now access your wallet from the desktop browser.
- Name your account.
- You can now send and receive cryptocurrencies directly to your MetaMask wallet.
If you want more information on how MetaMask works and all its options, you can consult our article What is MetaMask? The easiest way to use dApps at Bit2Me Academy.
How to buy TEL on a DEX?
Deposit your ETH into Metamask and buy TEL on a DEX. Now that you have ETH in Bit2Me, you can exchange them for TEL from MetaMask very easily:
- Transfer your ETH from Bit2Me to Metamask. To do this, you will have to click on the "Send" option in your Bit2Me wallet and enter the ETH wallet address in Metamask.
- Once your ETH has arrived in Metamask (this may involve paying the corresponding gas fee), you can move on to the next step.
- Connect your MetaMask wallet to a decentralized exchange (DEX) that has TEL like PancakeSwap.
- Select ETH as payment and TEL as the cryptocurrency you want to buy.
- Make the swap.
Why can't I swap directly from MetaMask? MetaMask's native exchange only allows swaps between cryptocurrencies that are native to the same blockchain. Therefore, as ETH and TEL belong to two different blockchains, it is impossible to make the exchange this way and it will be necessary to go to a decentralized exchange (DEX) to make the swap.
What if TEL is not available on a DEX?
If the token you want to buy, in this case TEL, is not available on the DEX, you can use a blockchain scanning tool, such as Etherscan.io and search for the smart contract address of the blockchain.
In some decentralized exchanges, even if the cryptocurrency you are looking for is not listed, you will have the option to copy the smart contract address from Etherscan and paste it into the search bar to perform the swap manually.
In this case, we remind you to carefully check the addresses and be alert to possible frauds or phishing attacks.
