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Swapping into TON, wallets, comments and what to check

For many people Toncoin lives inside Telegram. What to know before you receive TON from a swap.

Swapping into TON, wallets, comments and what to check

TON is the blockchain closely tied to Telegram, and for a lot of people it is the first coin they ever own. It is fast and cheap, which makes it a good coin to swap into and out of. A few details are worth knowing first.

Self custody or app wallet

There are two kinds of TON wallets. Self custody wallets like Tonkeeper or MyTonWallet give you your own seed phrase and your own address. Custodial wallets inside apps hold the coins for you, and deposits may run through a shared address with a comment.

For anonymous swaps, self custody is the simplest. The address is yours alone and no comment is needed.

When a comment is needed

Receiving into an exchange or an app wallet? Check its deposit screen. If it shows a comment or memo, you have to include it. On SwapAnonymously it goes in the memo field under the receiving address. More in memo and destination tag.

Address formats

TON addresses come in a few formats. You may see ones starting with UQ or EQ. They point to the same account in different encodings. Most wallets now show the UQ form for receiving, and either works as a destination.

Sending TON to a swap

Keep a little TON aside for network fees and send the exact amount to the deposit address on your swap page. TON confirms in seconds, so these swaps are among the fastest. See the TON page or TON to USDT.

Quick answers

Can I receive TON from a swap in the Telegram Wallet?

Check that wallet's deposit screen first. Custodial wallets inside apps may need a comment or may not accept transfers from every source. A self custody TON wallet is the simplest option.

What do UQ and EQ addresses mean?

Two formats of the same TON address. UQ is the newer non bounceable format most wallets now show for receiving. Both point to the same account.

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