How to Buy TON?

The Open Network (TON) is a decentralized, open sourced layer-1 (L1) blockchain, with Toncoin (TON) as its native cryptocurrency. This community-driven project was designed to support numerous decentralized applications (dApps) and enable fast transactions. 

Originally established by the company that created the popular encrypted messaging application Telegram, the project was abandoned in May 2020 after facing scrutiny from the U.S. Securities and Exchange Commission (SEC). 

However, a community of passionate developers and blockchain startups brought the TON blockchain back to life. It was resurrected as a decentralized autonomous organization (DAO), dedicated to achieving the project’s original goal.

Founders of the TON Foundation (the company that developed and launched The Open Network) were Kirill Emelianenko and Anatoly Makosov.

Where to buy TON securely?

Users can buy TON across numerous reputable crypto exchange platforms, with several intuitive avenues at their disposal. In the case of CEX.IO, it’s not just a crypto platform or exchange; it’s a comprehensive ecosystem of products and services that facilitates access to the world of digital finance for eligible participants (and maintains a comprehensive, live cryptocurrency price list).

CEX.IO empowers users to interact with the emerging digital economy in numerous ways. For instance, users can trade and convert a range of digital asset pairs and purchase crypto with a bank transfer. In some cases, customers can also save* and stake crypto,* and enjoy a plethora of giveaways and airdrops.

Additionally, CEX.IO users can access the cryptocurrency market, consult TON price charts in real time, and transact crypto effortlessly and intuitively via a preferred web browser or the CEX.IO App. 

When it comes to TON, this token is available through the CEX.IO Instant Buy service, and the CEX.IO Wallet’s Convert feature in two pairs (at the moment): TON to USD, and TON to USDT. 

*CEX.IO Savings and Staking are currently not available in the U.S. Check the list of supported jurisdictions here.

Available payment methods to buy TON on CEX.IO

Purchasing TON across the CEX.IO product ecosystem requires having a verified account, which allows the seamless integration of various payment methods for crypto transactions. The required steps for buying this token are straightforward, and we’ve described them below for added convenience. 

However, before we get into the how to buy TON at CEX.IO, here are the payment methods you can use for crypto transactions within our ecosystem:

• Credit/Debit cards;
• Apple Pay, Google Pay;
• Bank account transfers;
• E-wallets.

Keep in mind that the availability of these payment methods may be limited due to regional restrictions. For instance, PayPal is another way our users can select to buy crypto at CEX.IO, but this payment method is currently only available for our U.S.-based customers.

That said, our Instant Buy and Convert features are the two most popular and intuitive pathways for buying TON at CEX.IO. Both are readily available in our crypto Wallet product, and we’ll start by outlining how to buy TON on our platform using Instant Buy.

Step-by-step guide on how to buy TON on CEX.IO

The most straightforward way to buy TON on CEX.IO is to link and use a credit or debit card with our Instant Buy service, which requires these steps:

1. Go to Instant Buy;
2. Select TON from the list of available currencies;
3. After entering the amount you wish to purchase, click Buy;
4. On the Add Funds page, click Select Payment Method to choose between Apple Pay, Google Pay, or a linked card to proceed;
5. After verifying all transaction information, and conducting a personal risk assessment, confirm your purchase.

How to buy TON and other cryptocurrencies in the U.S.

Unfortunately, U.S.-based users cannot purchase TON at CEX.IO at this time. However, they can still buy cryptocurrency in the U.S. by selecting any of the 30+ other vetted assets currently available within our ecosystem.

Enthusiasts looking for a trusted crypto exchange in the U.S. can access and use CEX.IO by creating an account and getting verified. During this process, you should have your Social Security Number and government-issued ID ready beforehand to prevent any hiccups during the process.

After verifying, users unlock the ability to pair a credit or debit card with their new account, making it possible to purchase select digital assets using a card of choice. Pairing a card with your CEX.IO account means you can use it (alongside other payment methods) to complete various crypto transactions. 

Conversely, getting your own free CEX.IO Crypto Card allows you to spend your crypto directly in 150+ countries. This can help streamline your transactions by bridging the worlds of traditional finance and cryptocurrency.

FAQ

What are the fees to buy TON?

Various cryptocurrency exchanges may require varying fees associated with buying TON. These may include trading fees, network transaction fees, or deposit/withdrawal fees.

How can I receive TON?

Buying TON is possible through a variety of methods. Among the most straightforward and intuitive is creating and verifying an account on a reputable and secure crypto exchange, like CEX.IO. Next, you can choose to buy TON through our Instant Buy service, Convert feature, or app for crypto exchange for a more seamless, on-the-go experience.

How to create a TON wallet?

The most important considerations during this process are deciding whether you’d like to store your TON in a hot or cold wallet, that is with or without internet access, and whether you’d like to take a custodial or non-custodial approach. Should you choose to create and verify a CEX.IO account, you’ll have access to a custodial cryptocurrency wallet fully integrated with instant on-demand access to a menu of crypto markets, complete with secure storage accommodations.