Telcoin, the Worldwide Money Transfer Service Now Available on Bitunix

With Bitcoin's value fluctuating between $95,000 and $100,000 and crypto fans anticipating an altseason, a wave of new projects is coming to the fore. In this ongoing bull market, even older altcoins are seeing new life.

Blockchain innovators are constantly working on projects that provide fresh solutions to everyday challenges. A persistent issue has been the hefty fees associated with sending money through traditional financial systems, often coupled with delays of several days. This situation is further complicated in areas with limited banking facilities. To address this, Telcoin was launched in 2017 as a blockchain-based platform that allows for low-fee money transfers, particularly in regions with scarce banking access. The native token of Telcoin, TEL, was added to the Bitunix exchange on February 10th.

Understanding Telcoin (TEL)

Telcoin (TEL) is a decentralized cryptocurrency rooted in the Ethereum blockchain, aimed at making cross-border money transfers more efficient, economical, and accessible. Founded in 2017 by a company based in Singapore, Telcoin seeks to connect the traditional world of fiat with digital currencies using blockchain for effective remittances.

In contrast to conventional banking and money transfer services that impose high fees and slow transaction processing, Telcoin allows users to send money instantly using mobile phones and e-wallets, with total fees capped at 2% or less across more than 20 countries. The platform collaborates with telecom and mobile money providers globally, enabling fund transfers via users' existing mobile services.

The native cryptocurrency of the Telcoin network, TEL, is utilized for payments and rewards within the ecosystem. Transactions on Telcoin are secured using a multi-signature model, which requires multiple private keys for authorization. Additionally, network operators earn TEL tokens as incentives for processing transactions and integrating Telcoin services. By focusing on cost-effectiveness, speed, and accessibility, Telcoin stands as a robust alternative to traditional remittance services like Western Union, simplifying financial transactions for millions worldwide.

Where to Purchase Telcoin (TEL)?

You can acquire Telcoin (TEL) on the Bitunix exchange. This rapidly growing crypto exchange listed Telcoin on its spot market on February 10th.

https://x.com/BitunixOfficial/status/1888891796442296542

Bitunix is renowned for its robust security and transparency. The platform has previously demonstrated its proof of reserves, assuring users of asset backing. It also provides a user-friendly app with an advanced and straightforward interface.

Steps to Acquire Telcoin (TEL)

Now that Telcoin (TEL) is available on the Bitunix exchange, purchasing Telcoin is a straightforward process involving a few steps:

1. Register or Log In – Create an account on Bitunix or access an existing one.

2. Fund Your Account – Deposit USDT or other supported assets into your wallet. You can also add fiat currency via the “Buy Crypto” option.

3. Find the TEL Trading Pair – Navigate to “Spot Trading” and search for TEL/USDT.

4. Purchase Telcoin (TEL) – Decide the amount of TEL to purchase, and opt for a market order for instant trade or a limit order to set your preferred price.

• Complete the Transaction – Confirm the transaction, and the purchased Telcoin (TEL) will be safely stored in your Bitunix wallet.

Considering Telcoin's practical application and its use of blockchain to facilitate money transfers globally, its listing on the Bitunix exchange broadens trading opportunities, offering users more choices in the crypto marketplace.