Look, I\’m not their PR guy. Based on what I\’ve dug into: It\’s a project focused on making global money transfers, especially remittances, faster and cheaper using blockchain. Think sending money across borders without the usual banks and crazy fees taking a huge cut. They\’re building this ecosystem – their own app, aiming for direct integration with telcos (hence the name, Telcoin). Ambitious? Hell yes. Working perfectly yet? Dunno. But the core idea? That\’s what hooked me. Seeing traditional remittance fees feels like robbery. If Telcoin chips away at that, even a little, it\’s something. Whether they pull it off… well, that\’s the multi-billion dollar question, isn\’t it?

Man, I get it. Feels like walking a tightrope sometimes. Legality depends entirely on where you live. Buying crypto itself isn\’t illegal in most places (like the US, UK, EU, etc.), but the rules around it are a tangled mess and changing constantly. Buying it on a properly licensed exchange in your country? Generally fine. Buying it peer-to-peer in a country that\’s banned crypto? Yeah, that\’s playing with fire. Don\’t be an idiot. Check your local regs. Seriously. A quick search for \”[Your Country] cryptocurrency regulations\” is smarter than trusting some rando on the internet (yes, including me). When in doubt, assume it\’s complicated and tread carefully. My rule: If it feels legally grey, it probably is. Avoid.

Groan. Please, no. Look, I get the laziness. Moving it is a hassle. But leaving it on any exchange is like leaving your life savings in your unlocked car. Maybe nothing happens 99 times. That 100th time ruins you. Exchanges get hacked. They go bust (remember FTX? Exactly). They freeze withdrawals. It happens. CONSTANTLY. Get a hardware wallet – Ledger, Trezor. Set it up properly (write down the seed phrase ON PAPER, hide it, NEVER digital). Send your TEL there. It costs a tiny bit in network fees (gas), but it\’s your insurance premium. The peace of mind? Worth way more. Seeing stories of people losing everything on an exchange? That\’s the alternative. Don\’t be that story.

Technically? You can buy fractions of a TEL coin. The minimum is usually dictated by the exchange, not the coin itself. You could probably buy $5 worth on Binance or KuCoin. BUT… here\’s the cold shower: Fees will eat you alive on small amounts. Network fees to withdraw? Easily $1-$5+ depending on the chain (Ethereum gas is brutal). Trading fees? Another small cut. Buying $20 of TEL might end up costing you $25+ total, and then moving it off-exchange costs more. You\’d basically start underwater. Feels pointless. My rough rule? Don\’t bother buying less than $100-$150 worth unless you\’re just testing the withdrawal process or truly don\’t care about the fee bleed. Otherwise, you\’re just donating to the exchange and the network miners.

Instant? Hah. I wish. It\’s layers. Depositing FIAT (dollars, euros) onto an exchange? That can take 1-5 business days via bank transfer. Using a card? Faster, maybe minutes, but fees are usually insane – like 3-4% sometimes. Once you have funds on the exchange (like USDT or USDC), swapping to TEL is usually pretty quick – seconds or minutes. The real time-suck? Getting your TEL off the exchange to your own wallet. Withdrawals can take anywhere from a few minutes to… hours? Sometimes longer if the network is congested or the exchange is slow processing. Budget at least 30 mins to an hour from starting the fiat deposit to having TEL safe in your own wallet, assuming no hiccups. And hiccups happen. Patience isn\’t optional; it\’s survival gear.