What is the TON Network?
The TON (The Open Network) is a layer-1 blockchain developed by Telegram that facilitates fast and secure transactions. It uses Toncoin as its native cryptocurrency, which can be used for various purposes, including transaction fees, staking, and governance within the network.
On the Coins app
1. Open the Portfolio Tab: Launch the Coins.ph app and tap on the Portfolio tab.
2. Initiate a Deposit: Click on the Deposit button.
3. Select Receive Crypto: Tap on Receive Crypto to add funds to your wallet.
4. Choose token: Find and select your preferred token from the list.
5. Select TON Network: Choose TON as your preferred network.
6. Copy Your Receiving Address: Copy your receiving address or scan the QR code. You will need this address to complete your deposit from another platform.
On the Coins website
1. Log into Your Account: Go to the Coins.ph website and log into your account.
2. Access Your Portfolio: Navigate to the Portfolio tab.
3. Select Token: Scroll down and click on your preferred token.
4. Click Deposit: Click on the three-dot icon and select Deposit.
5. Choose TON Network: Select TON Network.
6. Copy Your Receiving Address: Copy your wallet address or scan the QR code displayed on your screen.
Reminder
If you send through the TON network without including a required destination tag, your funds may be lost. The transaction will still process, but the receiving wallet will not know which account to credit, leading to potential loss of access to those funds.
Important Considerations
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Network Compatibility: Always ensure that you are using the correct network when receiving funds. Using an incorrect network can result in lost transactions.
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Transaction Times: Transactions over the TON Network are typically fast, but always allow some time for processing based on network conditions.
Frequently Asked Questions
Are there minimum deposit requirements?
Check current minimum deposit requirements on Coins.ph as these may vary based on network and token.
Can I send from other networks to my TON address?
No, you must ensure you're sending specifically on the TON network. Sending from other networks may result in lost funds.
What if I sent using the wrong network?
Funds may be permanently lost. Always double-check network compatibility. Kindly check our policies here on unsupported deposits.