Buy Toncoin (TON)

Follow the steps below to easily and securely buy Toncoin.

You can securely store your Toncoin in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Toncoin. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Toncoin with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Toncoin with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Toncoin through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Toncoin is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Toncoin involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Toncoin, it is important to understand the risks.

Volatility: The price of Toncoin can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Toncoin is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Toncoin through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Toncoin or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

Toncoin (TON) is a coin that functions on The Open Network, a blockchain developed by the social media channel Telegram and TON Foundation. The network is an open-source platform for transactions and, according to the developers, should become the new Web3 platform (the new internet). According to the developers, the platform is for everyone and the network can handle 500 million users.

The Open Network wants to combine the positive aspects of the existing internet and blockchain technology to build an infinitely scalable and decentralized internet platform. They want to form a triangle between different blockchains and the existing internet by uniting them, while maintaining complete freedom for users.

Toncoin is the native coin of The Open Network (TON), a decentralized internet platform. The network aims to unite the traditional internet with existing blockchains to create a complete platform for everyone.

The network consists of various components that run together on the TON blockchain and provide a decentralized functioning infrastructure, also known as the TON ecosystem.

The network aims to offer 500 million users an infinitely scalable and secure cross-chain solution. The TON blockchain is designed to process millions of transactions per second.

TON aims to achieve widespread cross-chain interoperability, while operating in a highly scalable and secure framework. TON is designed to process millions of transactions per second, with the ultimate goal of reaching hundreds of millions of users. They describe themselves as a distributed supercomputer, intended to build products and services within a decentralized environment and thus work together on the development of the new internet.

Components of The Open Network (TON)

The Open Network is a network of various components that together form a scalable and fast decentralized platform. The most important components are explained below:

- TON Blockchain: The TON Blockchain is unique because it uses a multi-blockchain structure. These are parallel blockchains (masterchain, workchains and shardchains) that communicate with each other. This creates a system that can perform tasks very efficiently, such as validating transactions and processing smart contracts.

- TON DNS: Thanks to TON DNS, users can create domain names on the network that are comparable to domain names of the traditional internet system. Example: address.ton

- TON Storage: TON Storage is a decentralized file storage system. It is a blockchain-based cloud storage service that allows you to securely share your files with others without the need for centralized parties such as Google Drive.

- TON Proxy: An important point of view of the creators of the network is privacy (just look at Telegram). With TON Proxy, users have the choice to surf the internet completely anonymously. It is therefore comparable to the Tor network, but completely decentralized.

- TON Sites: TON Sites is a decentralized hosting system for websites that allows users to share their website with the world without having to rely on centralized web servers. TON Sites is privacy and censorship resistant, giving users complete freedom over what they share on their website.

- TON Services: Developers can use TON Services to build decentralized applications (dApps) and run them on the TON Blockchain. Smart contracts can also be created and executed thanks to TON Services.

- TON Payments: TON Payments makes fast and cheap crypto payments possible. The intention is for TON Payments to be integrated into apps such as Telegram in the future.

Toncoin (TON) is the native token of the TON ecosystem. You can do various things with the token:

- Executing transactions: TON allows you to execute transactions within the TON ecosystem. This includes sending tokens within the ecosystem, paying fees for executing smart contracts and buying real items on websites connected to the TON network.

- Staking: TON owners can stake their coins to earn rewards paid out in TON. Toncoin works with a consensus algorithm, using staking to secure the network and execute transactions. You can act as your own validator, but you will need 10,000 TON to do so. You can also choose to stake fewer tokens by lending your tokens from your wallet to validator pools.

- Governance: An additional advantage of staking is that validators are given voting rights on on-chain decisions, such as major updates, additions of new protocols and approval of ideas from the TON Foundation. This allows you to influence the development of the blockchain yourself.

In 2021, the developers of the TON Foundation officially launched The Open Network (TON) after they took over the network from Telegram.

In 2018, Pavel Durov and Nikolai Durov began developing TON, then still under the name Telegram Open Network. They are also the founders of the social media platform Telegram. Between 2018 and 2019, they raised 1.7 billion dollars through an Initial Coin Offering (ICO) for the development of Telegram Open Network and the launch of a cryptocurrency called Gram.

However, the American SEC (Securities and Exchange Commission) sued Telegram in 2020, forcing the company to halt the development of TON. The investments made via the ICO were repaid and the TON technology was transferred to a group of independent developers under the name TON Foundation.

The project was named The Open Network and the native cryptocurrency was named Toncoin (TON).

Since the launch of TON, the Toncoin price has risen sharply. According to initial data on CoinMarketCap, the Toncoin price was €0.44 on August 27, 2021. On December 27, 2021, the TON price reached its first all-time high of €3.90 per TON with a market capitalization of €4.8 billion. An increase of over 786%. On June 17, 2024, Toncoin reached a new all-time high of €7.42 per TON with a market capitalization of €22.3 billion.