How to Buy Toncoin (TON) in Australia

What is Toncoin (TON)?

Toncoin (TON) is the native cryptocurrency of The Open Network (TON), a Layer 1 blockchain originally developed by Telegram and now maintained by the open-source TON Foundation. It is designed to support ultra-fast transactions, scalability for millions of users and a seamless connection between Web2 and Web3.

TON’s architecture features sharding to divide the network into smaller chains for parallel processing, boosting speed and efficiency. It also supports smart contracts, decentralised applications (dApps) and a built-in domain name system (TON DNS), positioning it as a versatile platform for payments, gaming and decentralised finance (DeFi).

Telegram’s backing has given TON a unique edge. Integrated features such as wallets inside Telegram chats make Toncoin one of the most accessible cryptocurrencies for everyday users. As adoption grows, TON’s ecosystem aims to serve as a bridge for bringing millions of mainstream users into crypto.

Why do people buy and invest in Toncoin (TON)?

• Speed and scalability – TON is designed for millions of transactions per second through sharding.
• Integration with Telegram – Direct wallet access within Telegram’s app introduces crypto to a massive global audience.
• Growing ecosystem – From payments to non-fungible tokens (NFTs) and DeFi, Toncoin powers a wide range of use cases.
• Utility – TON is used for transaction fees, governance, staking and interacting with dApps.

For long-term participants, investing in TON means exposure to a project with mainstream adoption potential via Telegram. For new investors, it offers a way to access crypto through a familiar platform.

On the Crypto.com App, trusted by millions worldwide, you can buy TON alongside 400+ other cryptocurrencies. With free bank transfer deposits, card payments and recurring buy options, it’s simple to get started.

How to buy Toncoin (TON) in 5 steps

1. Choose a crypto exchange

To buy Toncoin in Australia, you’ll need a reliable exchange. Key things to consider:

• Ease of use – A clean, intuitive app helps you navigate your first purchase.
• Security features – Look for MFA, encryption and regulatory compliance.
• Fees and rewards – Compare fees and perks such as cashback or recurring buys.
• Supported features – Beyond buying TON, check whether you can trade, send or integrate it with apps.

To start quickly:

• Buy TON on the Crypto.com App – Beginner-friendly with zero-fee bank transfers.
• Trade TON on the Crypto.com Exchange – With advanced tools for active users.

2. Register and verify your account

Sign up with a secure password and enable 2FA. Most exchanges require identity verification (KYC), typically uploading a government-issued ID. Once verified, your account is ready to fund.

3. Fund your account

Before buying TON, add funds using bank transfers – widely supported and often free; credit or debit cards – fast and convenient, though fees may be higher; Apple Pay or Google Pay – easy mobile payment options; or crypto transfers – deposit another asset and swap for TON.

4. Buy TON

With funds available, here’s how to place an order:

1. Search for TON in the app.
2. Enter how much you want to buy.
3. Choose a market order (instant) or limit order (executes at your chosen price).
4. Review and confirm your purchase.

5. Store TON

After buying, decide how you’ll store it:

• Hot wallets – In-app or exchange wallets (convenient, but always online).
• Cold wallets – Hardware wallets like Ledger or paper wallets (offline, more secure).
• TON-compatible wallets – Like TON Wallet, designed specifically for the ecosystem.

Strengths and weaknesses of Toncoin (TON)

Strengths of TON

• TON is ultra-fast and scalable due to sharding, which allows the network to process many transactions in parallel.
• Its integration with Telegram provides direct access to a large global audience and everyday users.
• The ecosystem is active and expanding, with use cases in payments, NFTs, DeFi and gaming.
• TON offers built-in features like TON DNS and in-chat wallets, making it easy to use within Telegram.
• The project enjoys strong backing from the TON Foundation and community, supporting long-term development.

Weaknesses of TON

• TON is still smaller than leading blockchains like Ethereum and Solana in adoption and total value locked (TVL).
• Its reliance on Telegram for mainstream adoption creates some dependency risk if user engagement shifts.
• The project faces regulatory uncertainty globally, which could impact growth and accessibility.
• TON competes with other scalable Layer 1 blockchains such as Solana, Near and Avalanche, all of which have established developer communities.

What to know before buying Toncoin (TON)

Like any cryptocurrency, TON is volatile and prices can move sharply. Its future is also linked to regulatory decisions, which may shape its adoption.

When storing TON, you can keep it in the Crypto.com App wallet or transfer it to a TON-specific or hardware wallet for more control.

Crypto.com provides tools like recurring buys to average your entry cost and price alerts so you can monitor market shifts without reacting emotionally.

What affects the price of Toncoin (TON)?

Several factors influence the TON price:

• Supply and demand – Like other tokens, TON’s price depends on liquidity and interest.
• Market news and adoption – Integration with Telegram, dApp launches or institutional use can boost sentiment.
• Investor sentiment – TON’s association with Telegram creates hype cycles, but also volatility.
• Historical patterns – Past movements show rapid gains followed by corrections, common in Layer 1 assets.

Toncoin (TON) investment tips for beginners

For beginners, it’s best to start small and only invest what you’re comfortable with. Many use dollar-cost averaging (DCA) with recurring buys to spread out purchases over time. Setting price alerts helps you track TON’s movements without trading impulsively.

Diversifying your portfolio is also important. While some think TON is promising, balancing it with other assets reduces risk. Tools like Crypto.com’s Crypto Baskets make diversification straightforward. Lastly, stay updated on TON’s ecosystem, especially news about Telegram integrations and new dApps.

Toncoin (TON) price outlook

Analysts see TON as uniquely positioned thanks to its integration with Telegram and its scalable architecture. If adoption continues, particularly through mainstream apps, Toncoin could see wider use in payments and dApps.

That said, returns are never guaranteed. TON remains volatile and subject to regulation and competition. Its outlook depends on whether Telegram’s user base continues to embrace blockchain and whether the TON ecosystem matures.

Ready to get started?

1. Sign up with Crypto.com in minutes.
2. Deposit funds into your account using your preferred method.
3. Go to the ‘Trade’ tab and select TON.
4. Manage, spend and track your crypto portfolio anytime with our App.

FAQs about Toncoin (TON)

Where can I buy Toncoin (TON)?
You can buy TON on the Crypto.com App, which offers zero-fee bank* transfers and card payments. For advanced features, you can also trade TON on the Crypto.com Exchange.

Can I buy TON with a credit card?
Yes. The Crypto.com App allows you to buy TON with a credit card, along with other funding options.

Is Toncoin a Layer 1 blockchain?
Yes. The Open Network (TON) is a Layer 1 blockchain designed for scalability and fast transactions.

How is Toncoin different from Ethereum?
TON focuses on sharding, Telegram integration and user accessibility, while Ethereum has a larger ecosystem and developer base.

What wallets can I use to store TON?
You can store TON in the Crypto.com App wallet, TON Wallet or hardware wallets like Ledger for added security.

Is TON a good long-term investment?
Some view TON as promising due to Telegram’s integration and scalability. However, like all crypto, it carries risks and whether TON is a good buy depends on several factors, including your risk profile.

Does TON have a limited supply?
Yes. TON has a fixed maximum supply and its circulating supply changes with usage and ecosystem growth.

What makes TON unique?
Its deep integration with Telegram, along with sharding and TON DNS, set it apart from other blockchains.

What exchanges support TON?
In Australia, you can buy TON on the Crypto.com App or trade it on the Crypto.com Exchange.

* Other transaction fees and spread may apply

Important information: ​​​​This is general informational content sponsored by Crypto.com and should not be considered as an investment recommendation or advice. Trading cryptocurrencies carries risks, such as price volatility and market risks. Before deciding to trade cryptocurrencies, consider your risk appetite. Seek professional financial advice if you are unsure. Crypto.com services, features, and benefits referenced in this article may be subject to eligibility requirements, token holdings, and may change at the discretion of Crypto.com.