Bitcoin and Telcoin, though both cryptocurrencies, serve different purposes and operate on distinct principles. Bitcoin, created by an anonymous person or group named Satoshi Nakamoto in 2009, is widely regarded as the first successful cryptocurrency, and it acts as a decentralized digital money that allows peer-to-peer payments without the need to involve centralized financial institutions like fiat banks. Telcoin, on the other hand, was created much later, in 2017, with a strong focus on integrating blockchain technology with telecommunications. So while Bitcoin serves as a general-purpose cryptocurrency, which some refer to as digital gold, Telcoin was designed to enable users to have affordable international money transfers through mobile phones, specifically for those who live in low-income regions of the world. In addition to that, Bitcoin is limited to a supply of 21 million coins, whereas Telcoin has a supply that is much larger, capped at 100 billion TEL tokens. Another major difference between these two coins is that while Bitcoin operates on its own blockchain, Telcoin is an ERC-20 token running on the Ethereum blockchain.

The process of trading Bitcoin for Telcoin with Zengo involves making use of Zengo’s integrated swap function to exchange BTC for TEL tokens. As an example, if you want to diversify your assets and you believe in the long-term potential of the TEL token, you could choose to swap some of your Bitcoins for Telcoin tokens and hold them in your Zengo wallet in addition to your Bitcoin holdings.

Yes, in order to swap your BTC tokens for TEL or the other way around, you will require a platform capable of accommodating both tokens and facilitating their exchange. This is just one of the many things you can do with Zengo. As a web3-compatible, non-custodial wallet, Zengo provides a safe environment for storing digital assets, purchasing cryptocurrency, as well as interacting with Web3 Dapps. 

As with any other trading pair, the amount of trading between Bitcoin and Telcoin varies according to market conditions. You can check the Zengo app to find out the latest information on minimum and maximum limits for this particular pair of currencies by navigating to it directly within your Zengo app.

Zengo allows you to trade Bitcoin and Telcoin tokens for a wide array of other digital currencies, which include ETH, DOGE, ALPHA, LINK, VGX, SAND, USDC, MATIC, SHIB, XTZ, USDT, and others. Please note that the availability of certain pairs depends on current market conditions, which can be checked by searching for the desired pair in the app.

Of course, Zengo allows you to securely transfer cryptocurrencies to external wallets. To send tokens, log into your Zengo app, tap on the token you intend to send, then tap on “Actions,” select “Send,” enter the amount you want to send, specify the destination address, and follow the easy on-screen instructions. Make sure you double-check the details before confirming the transaction, as crypto transactions cannot be reversed.

Upon completion of the BTC to TEL trade, it will be possible for you to see the status change from “Trade Pending” to “Trade Received” in your transaction history section within the Zengo app. Additionally, you can expect to receive a notification from Zengo once the process is complete.

BTC and TEL can both be purchased through Zengo’s fiat-to-crypto onramp feature. To buy crypto with fiat, go to your Zengo app, tap on “Actions,” then tap “Buy,” and then choose the token you wish to invest in (BTC or TEL). Zengo accepts a wide range of payment methods, including credit cards and bank transfers.