How to Buy Toncoin (TON) in Nigeria: A Step-by-Step beginners Guide

Toncoin (TON) is the native cryptocurrency of The Open Network, a blockchain that was originally created by Telegram to support decentralized applications, financial services, and a variety of cryptos services within an open ecosystem.

 Although, due to some regularity and internal issues, telegram has officially backed out from the ton network project. But still largely support it's growth. With the massive impact from telegram, TON has risen to a global altcoin, and it is fast becoming the next big token.  TON blockchain is now independently supported by TON Foundation and it's community developers.

6 Potential Key Highlights Of Toncoin (TON network)

1.DECENTRALIZED ECOSYSTEM: TON aims to build a fully decentralized internet with services beyond traditional blockchain transactions. It includes decentralized storage, domain services (TON DNS), and VPN-like network options, creating a versatile platform for various use cases.

2.HIGH TRANSACTION SPEED: The network’s sharding technology, which allows for parallel processing of transactions, helps it achieve very high transaction speeds, supporting potentially millions of transactions per second. This scalability is one of TON’s key technical advantages.

3: POTENTIAL FUTURE INTEGRATION WITH TELEGRAM: Although Telegram no longer leads TON, the association remains strong. Many are optimistic that Toncoin could eventually be integrated within Telegram’s platform, giving it access to a huge user base and increasing its utility..

4.GROWING ACCESSIBILITY: Toncoin is listed on al major exchanges, making it easily accessible for users worldwide, which makes it simple for people worldwide, to buy and trade.

5.STRONG COMMUNITY AND DEVELOPMENT FOCUS:  The development of TON is supported by an active and growing community of developers. This community-driven approach plays a key role in the long-term success of Toncoin as it continues to evolve in the highly competitive blockchain space.

6:TONCOIN'S ROLE IN DECENTRALIZED FINANCE (DEFI):  Like many other cryptocurrencies, Toncoin is making its way into the growing DeFi sector, where it can be used for lending, borrowing, and liquidity provision. With its focus on scalability and speed, Toncoin is poised to become an important player in the DeFi ecosystem, offering fast and low-cost transactions that are essential for seamless DeFi operations.

HOW TO BUY TONCOIN (TON) IN NIGERIA: A BEGINNER’S GUIDE

If you're in Nigeria and want to buy Toncoin (TON) with naira, here’s a simple, step-by-step guide to get you started:

Step 1.Choose a Cryptocurrency Exchanger

The first step is to choose a trusted cryptocurrency exchange that lists Toncoin (TON) They're lot of crypto exchanges,  only a few of these platforms will allow you to deposit Nigerian Naira (NGN) giving you hassle-free access to buy toncoin or any altcoin directly.

My recommendations are BYBIT and BITGET Sign up using this link to get bonus.

Step 2.Register and Verify Your Account

   After selecting an exchange, create an account by providing your email and setting a password. To comply with regulations and secure your account, you'll likely need to complete KYC (know your customer) verification. This involves uploading a valid ID and sometimes a selfie to confirm your identity.

 3. Deposit Nigerian Naira (NGN)

   Once your account is set up and verified, you’ll need to deposit funds in Nigerian Naira (NGN). Or better still use the P2P trading (peer-to-peer option.

 P2P trading, is often a quick and convenient method for Nigerian users, as it allows you to buy crypto directly from local sellers.

Step 4. Purchase Toncoin (TON)

   With your account funded, navigate to the Toncoin (TON) market on the exchange platform. Look for the trading pair TON/USDT or TON/NGN (depending on what the exchange offers). Enter the amount of Toncoin you want to buy and confirm your order. 

Step 5. Transfer Toncoin to a Secure 

   For added security, consider transferring your Toncoin to a personal wallet rather than leaving it on the exchange. You can use a TON wallet or a hardware wallet like LEDGER or Trezor for safer storage.

 HOW TO BUY TONCOIN (TON) IN NIGERIA USING USDT VIA P2P

If you're in Nigeria and want to buy Toncoin (TON) it's best preferred to use USDT (Tether).

Here’s a simple guide on how you can buy USDT through P2P(peer-to-peer) trading and then swap it for Toncoin (TON)

Step 1.Choose a Cryptocurrency Exchange

 Start by selecting a reputable exchange that supports  P2P trading with naira.

In this tutorial, we're using these exchanges Bitget and Bybit . Click the link to sign up.

Step 2: Create an Account and Verify Your Identity

To begin, sign up on your chosen exchange SIGNUP FOR BITGET HERE  if you prefer BYBIT SIGNUP HERE 

Complete the KYC (Know Your Customer) verification. This step is essential for security and ensures you can access all the platform’s features, including P2P trading and trading swaps.

3.Deposit Nigerian Naira (NGN) via P2P

   -Go to the P2P marketplace of your chosen exchange (Bitget or Bybit) and look for sellers who are offering USDT for Nigerian Naira (NGN).

   Browse through the available listings and choose the seller with the best exchange rate and a high reputation score.

FIRST SCREENSHOT IS FROM BYBIT, MOST PEOPLE DON'T TRUST BYBIT, IF YOU'RE NOT COMFORTABLE, PLEASE  TRY BITGET.

You can filter by payment method, always go for bank transfer. Once you've found a suitable offer, initiate the trade and pay up the requested sum of money. The USDT will be held in escrow until the transaction is confirmed.

Step 4. Swap USDT for Toncoin (TON)

After purchasing USDT, go to the Spot Trading  or Convert section on the exchange and search for the USDT/TON pair.

As you can see 100 USDT will give me 18.16TON.

Enter the amount of USDT you want to swap for Toncoin and place your order.

   Once the trade is confirmed, you’ll have Toncoin in your exchange wallet. You can either hold it there or transfer it to a secure wallet.

 5. Securing Your Toncoin

   For long-term storage and added security, transfer your Toncoin (TON) to a personal wallet such as a TON wallet or a hardware wallet like LEDGER or Trezor. This ensures that your assets are safe from potential exchange-related risks.

Recommended for you: Top 4 best TON Wallets to use in 2025:  The best safety and Secure Choices for Your Crypto

3 Benefits of Using P2P to Buy USDT and Swap to Toncoin

1: Local Payment Options: P2P trading allows you to use Nigerian Naira, which makes it easy to purchase USDT without the need for international transfers or currency conversion.

2:Escrow Protection: The escrow system in P2P transactions ensures that your payment is secure and that the seller will only receive funds once the transaction is verified, reducing the risk of fraud.

3: Flexibility in Trading: Once you have USDT, you can easily swap it for Toncoin (TON) on the exchange. This method also provides flexibility as USDT is a stablecoin, meaning it’s less susceptible to price volatility during your transaction.

That's all for now. Follow my page on Twitter @Microtaskpie

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