What is TON Wallet? Instructions for creating and using TON wallet (2022)

What is TON Wallet (TON TON721)? Where to create TON wallet? In today's article, I will show you how to create a TON wallet (TON TON721) in detail.

The Open Network (TON) is a layer 1 blockchain developed by Telegram in 2017. This blockchain has a fast and secure processing speed that scales up to millions of transactions per second. TON aims to make blockchain technology more accessible to the world and make transactions as simple as possible.

To interact with this network, of course you need a TON wallet.

What is TON Wallet?

TON Wallet is where TON and standard tokens TON721 are stored in this blockchain platform. Users can send and receive TON and standard tokens TON721 as well as interact with applications on TON. In particular, this wallet is owned by the user, no one has the right to influence or use the wallet.

What does TON wallet address include?

TON wallet has 2 extremely important information you must note:

• Wallet address: A sequence of numbers and characters used to send assets to TON wallet. Other people can transfer coins to you through the wallet address provided. The TON (TON) wallet address will have the following format: EQC9pbhSTfnA6d3nuJReYXFSOLHGcHaiPRtBtwJBoJlUv3r-
• Passphrase : A security key that can be understood as a password consisting of any 12 English keywords. When you want to perform the wallet recovery operation, you must go through the Passphrase login step. The format of the Passphrase is as follows: gadget any grocery pioneer bring manual inch much cook few viable razor

After creating a wallet, you will receive a wallet address, a passphrase similar to the example above.

For easy visualization, you can imagine TON wallet as a bank account, wallet address as account number and passphrase as password.

The difference here is that with a bank account other people will know your personal information. As for the TON wallet, users become anonymous, no one knows who they are, but only transact through an address encoded into a sequence of numbers and characters.

Where to create TON wallet?

Coin98 Super App

Coin98 Super App includes Coin98 Wallet - a non-custodial crypto wallet (non-custodial wallet ) used to store crypto assets, NFT on multi-chain, including TON ecosystem. After initializing TON wallet on Coin98 wallet, users will experience all outstanding features on Coin98 Super App such as Dapp Browser, Terminal toolkit, Coin98 Staking...

TON Wallet

TON Wallet is the official wallet of the TON ecosystem, allowing users to store TON and tokens of the TON721 standard. In addition, TON Wallet supports users to access TON blockchain dApps on many different operating systems such as Android, iOS, MacOS, etc.

Refer and use TON Wallet here:  ton.app/wallets 

Instructions to create TON wallet on Mobile

Currently, the new TON wallet is available on Coin98 Super App version. The extension version will be updated in the future. 

Download and access Coin98 Super App

First, download the Coin98 Super App to your device.

• iOS: https://ios.coin98.com
• Android: https://android.coin98.com

After downloading the app, you open the Coin98 Super App and select the language you want to use to be able to directly access the wallet interface.

At this interface, you can create a new wallet or restore an existing wallet from other wallet applications to Coin98 Super App.

Create a TON . wallet

Step 1: Open the application, at the homepage click Manage.

Step 2: Select Add Wallet and click on the TON icon (TON TON721) to create a TON wallet or users can choose to create a Multi-chain wallet to own more wallets with the same passphrase (recommended) → Create (Create wallet).

Step 3: Give the wallet a name (name something that you can remember or convenient for later use). Select Next.

Step 4:  Backup the Passphrase in a safe place. ( Note: This is extremely important information that directly affects your assets).

• Copy and paste the Passphrase into the Confirm box.
• Tick ​​the box Back up your recovery key and click on the copy icon to confirm that the Passphrase/ Private Key has been saved. You must save 12 security keywords in a safe place and absolutely do not disclose to anyone. Otherwise, the account is at risk of being stolen when someone knows these sequences of characters.
• Tick ​​the remaining two boxes to confirm you understand the risks if you lose your Passphrase/Private Key.

Select Create Wallet.

Once done, you can also go to Manage → Manage All Wallets to check the newly created TON wallet.

Instructions to create TON wallet on Desktop

Install Coin98 Extension Wallet

You visit chrome.coin98.com to install Coin98 Extension Wallet.

For instructions on installing and using Coin98 Extension Wallet, you can refer here .

Create a TON . wallet

Step 1:  Open Coin98 Extension Wallet, enter password. At the main screen, select  the multi-tasking icon , click  the Add Wallet icon.

‌Step 2:  Select the TON icon →  Create Wallet.

Step 3:  Enter the wallet name and select  Next.

Step 4:  Backup the Passphrase in a safe place. ( Note:  This is extremely important information that directly affects your assets). Select  Create Wallet.

Instructions for using TON . wallet

Get tokens

This operation does the same on both mobile and wallet versions, so you should refer to the ways below and follow them.

Way 1

Step 1: Click on the TON wallet on the main screen.

Step 2: Select Receive.

Step 3: Copy the wallet address or use the QR code address.

Way 2

Step 1: Select Receive on the homepage.

Step 2: Enter the TON or TON721 token you want to receive in the search bar.

Step 3: Click the icon to copy the wallet address or get the QR address.

Token transfer 

This operation does the same for both Coin98 Super App and Coin98 Extension Wallet. Here, I will give an example of how to receive TON stored in a mobile wallet.

Step 1: Click on TON wallet.

Step 2: Select Send.

Step 3: Select the token and enter the number of tokens you want to send & the wallet address to send to. Adjust the Gas fee slider to suit your needs. → Slide the Send bar to confirm sending.

In addition, you can also go to the Send section in the main interface, select the wallet containing the token you want to send.

Note:  Gas fees on the TON blockchain are calculated in TON, you will lose a very small amount of TON for each transaction.

TON Wallet Explorer needs to know to check transaction history

TON Wallet Explorer is a explorer ( blockchain explorer ) dedicated to TON, helping users to retrieve information such as wallet addresses, cryptocurrency transactions, smart contracts, etc. Complex data is easier to grasp than ever before. 

While there have been quite a few different explorers, Tonscan is currently the first site to be verified by the TON team. In addition, you can refer to other blockchains here .

Some notes when using TON . wallet 

Is it safe to store TON and standard token TON721 on TON wallet?

Coin98 is a non-custodial wallet, ie full control of your assets belongs to you, no one has access to your wallet except you unless you disclose the key to others.

Is there a fee to send TON, TON721 tokens and transfer TON, TON721 tokens?

Sending TON and TON721 tokens from the TON wallet will cost the blockchain platform fee in TON to confirm the transaction.

Is it possible to create multiple TON wallets?

Sure! You can create as many TON wallets as you like, each wallet will have a different address and passphrase so remember to save it. What should be named so that you can easily manage if you create multiple TON wallets.

Can TON wallet store other coins?

The TON wallet can store TON coins and TON72 standard tokens supported by the TON blockchain platform. In addition, absolutely do not transfer any coins on other blockchain platforms to TON wallet if you do not want to lose your assets unfortunately.