Telegram messaging app users can now purchase, withdraw, and exchange Bitcoin (BTC) through the Wallet bot and its associated services.
This move, announced on April 21, builds upon Telegram’s existing services related to cryptocurrencies, but it is noteworthy that the Wallet bot was created by a third-party developer using Telegram’s open bot API.
The @wallet web interface now enables users to buy Bitcoin using a bank card or the P2P market in the “Buy & Sell” section. Additionally, the platform’s updated “Exchange” feature instantly swaps Bitcoin, Tether (USDT), and Telegram Open Network (TON) with each other.
This development is a significant addition to Telegram’s cryptocurrency services, which are already widely used within the app. Telegram’s open API allows developers to create their own crypto-related bots, which can be used without any direct involvement from Telegram.
My Question; How secured is this project? considering the facts that telegram can be hack with some sophisticated softwares.
When I read this news in my news feed, I immediately thought about the safety of such a wallet. Just now, in a neighboring topic, I was arguing about which of the reputable wallets is better. At the same time, having studied the topic well, I realized that partially all of them do not provide complete security. For example, did you know that trust wallet is generally bad with security? but Binance oversees it. So, returning to the topic of the topic: is the telegram bot safe? Of course not, even if the hardware wallets are not safe. Sending money to a bot is the same as giving it to another person.