Tonkeeper is a secure and convenient wallet for storing and managing your Toncoin (TON) and other tokens within the TON ecosystem. However, at some point, you might want to withdraw money from Tonkeeper and convert it to fiat currency. This guide will walk you through the two main methods for withdrawing from Tonkeeper: using an integrated exchange service or transferring your TON to a cryptocurrency exchange.
How to Withdraw Money from Tonkeeper Using an Integrated Exchange Service
This method is ideal for those who want to quickly and easily withdraw TON directly into their bank account. Here’s a step-by-step guide:
- Open the Tonkeeper App: Locate and launch the Tonkeeper app on your mobile device. If you don’t have it downloaded then you can download it from Google Play Store.
- Access the Buy/Sell Feature: Look for the “Buy/Sell” option within the app. This might be located on the main screen or through a dedicated menu.
- Choose “Sell”: In the “Buy/Sell” section, you’ll see options to buy or sell your TON. Select the “Sell” option to proceed with withdrawing money from Tonkeeper.
- Pick an Exchange Partner: Tonkeeper often integrates with third-party exchange services like Mercuryo or DreamWallets. Choose your preferred exchange partner.
- Enter Withdrawal Amount: Specify the amount of TON you want to withdraw from Tonkeeper.
- Provide Bank Details: Following the chosen exchange partner’s instructions, provide your bank account information for receiving the converted funds.
- Confirm and Initiate: Double-check all the details entered and confirm the transaction to initiate the withdrawal process.
Important Note: When using an integrated exchange service to withdraw money from Tonkeeper, be aware of any fees associated with the transaction. These fees may include exchange rates, network fees, and potential platform charges.
How to Withdraw Money from Tonkeeper by Transferring to an Exchange
This method offers more flexibility in terms of choosing your preferred exchange platform and potentially finding better conversion rates. Here’s how to do it:
- Open the Tonkeeper App: Launch the Tonkeeper app on your mobile device.
- Access the Send Feature: Locate the “Send” option within the app. This feature allows you to transfer your TON to another wallet address.
- Obtain Exchange Wallet Address: Log in to your chosen cryptocurrency exchange and navigate to the deposit section for TON. You’ll find a unique wallet address for receiving TON deposits. Copy this address.
- Enter Recipient Address: Back in the Tonkeeper app, paste the copied exchange wallet address into the recipient address field.
- Specify Withdrawal Amount: Enter the amount of TON you want to withdraw from Tonkeeper.
- Review and Confirm: Double-check the recipient address and the amount you’re transferring. Once confirmed, initiate the transaction.
Sending your TON to an exchange typically involves minimal fees on the Tonkeeper side. However, you’ll need to consider any withdrawal fees charged by the chosen exchange platform when converting your TON to fiat currency.
About Tonkeepers’ Safety
Non-custodial wallet: Tonkeeper prioritizes user control. You hold the private keys and seed phrase, giving you complete control over your Toncoin but also making you responsible for their safekeeping.
Security features: Tonkeeper implements security measures like encrypted data transmission to protect your information. However, no system is foolproof, so be cautious of online scams and phishing attempts.
Official recommendation: The TON website officially recommends Tonkeeper, indicating confidence in its security practices.
FAQs on Withdrawing Money from Tonkeeper
1. How to withdraw Notcoin from Tonkeeper?
Currently, Tonkeeper doesn’t directly support withdrawing Notcoin. You’ll need to convert your Notcoin to TON first using Tonkeeper’s swap feature or an external exchange service, and then follow the steps above to withdraw the converted TON. Learn more
2. How to transfer money from a Tonkeeper wallet to my card?
The methods mentioned above involve withdrawing TON and converting it to fiat currency through an exchange service that offers bank transfers. These funds can then be transferred to your linked debit/credit card.
3. What are the fees for withdrawing money from Tonkeeper?
The fees associated with withdrawing money from Tonkeeper depend on the chosen method. When using an integrated exchange service, there might be exchange rate fees, network fees, and platform charges. Transferring TON to an exchange typically incurs minimal Tonkeeper fees, but you’ll encounter withdrawal fees from the chosen exchange platform.
4. How long does it take to withdraw money from Tonkeeper?
The processing time for withdrawing money from Tonkeeper can vary depending on the chosen method and the specific exchange service involved. Withdrawing TON to an exchange typically takes minutes, while the conversion to fiat currency and transfer to your bank account can take 1-3 business days.
5. Can I withdraw directly to PayPal using Tonkeeper?
Currently, Tonkeeper doesn’t offer direct withdrawal to PayPal. You’ll need to use one of the methods mentioned above to convert your TON to fiat currency and then transfer
6. Is it safe to withdraw money from Tonkeeper?
Withdrawing money from Tonkeeper can be safe if you follow proper security measures. When using integrated exchanges, ensure they are reputable services. Withdrawing TON to a trusted exchange and managing your account logins securely are crucial. Remember, Tonkeeper is a non-custodial wallet, so the responsibility for safeguarding your funds lies with you. Read more
7. What are some alternatives to withdrawing money from Tonkeeper?
Besides withdrawing to fiat currency, you can use your TON for various purposes within the TON ecosystem. You can spend TON directly for goods and services from merchants accepting it, or participate in decentralized finance (DeFi) applications built on TON.
8. Can I cancel a withdrawal request from Tonkeeper?
Unfortunately, once you initiate a withdrawal transaction on Tonkeeper, it cannot be cancelled. The blockchain technology ensures the immutability of transactions. Double-check all details before confirming a withdrawal request.
9. What happens if I send TON to the wrong address?
If you accidentally send TON to an incorrect address, recovering the funds might be difficult or even impossible. Withdrawing TON always requires meticulous attention to ensure you’re sending it to the correct recipient address.
10. Are there any tax implications for withdrawing money from Tonkeeper?
Depending on your location and tax regulations, there might be tax implications for converting TON to fiat currency. It’s recommended to consult with a tax advisor to understand your specific tax obligations.
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