The most popular way to buy cryptocurrency is via centralized exchanges that require you to sign up with personal details such as your name, email address, and KYC information, which these exchanges verify to ensure your legitimacy.
However, the downside of your KYC information out there is having your personal data exposed, and if you want to invest in cryptocurrency to execute anonymous transactions, then the entire purpose is defeated.
To avoid all of these, there are other ways to buy cryptocurrency without going through an exchange, and in this article, we’ll explore how to do it quickly and easily with chatbots on Telegram.
Let’s dive in!
What Is A Chatbot?
A chatbot is a software program designed to simulate conversations with human users, especially over the Internet. It is specifically designed to help users execute complex tasks easily, by just texting and replying to messages.
The Cwallet Telegram chatbot is designed to help you manage your cryptocurrency wallets through simple commands sent via the Telegram chat interface. By just texting and replying to messages, you can buy and sell crypto, deposit and withdraw tokens from your wallet, check balances, and execute swaps with simple commands.
Why Use Cwallet Telegram Chatbot?
Of all the existing instant messaging applications, Telegram is by far the most customizable. It is open-source; hence, developers can easily build bots with massive functionality to ease the functions of users on several grounds. As a result, with the right Telegram chatbot, you can execute several things, such as checking the weather in a specific location, booking flights, approving a bank transaction, and many other activities, allowing for ease, convenience, and speed.
In the same vein, the Cwallet Telegram chatbot allows you to easily buy Bitcoin and other cryptocurrencies without going through the hassle of signing up on an exchange or waiting for hours or days for KYC verification. Within a few minutes, you can initiate a transaction, and get cryptocurrency in your wallet.
How To Buy Bitcoin With The Cwallet Telegram ChatBot
Cwallet is a multi-chain crypto wallet that allows you to securely hold, send, receive, exchange, tip, and earn with several cryptocurrencies. Aimed at making crypto easy and accessible for all users, irrespective of their exposure levels, Cwallet also has a Telegram chatbot to aid in the management of their crypto wallets from their Telegram accounts.
Think of the Cwallet Bot as your personal crypto assistant; you can buy and sell crypto, deposit and withdraw tokens from your wallet, check balances, and execute swaps with just a few simple commands.
Getting Started with the Cwallet Bot on Telegram
To start using the Cwallet Bot to buy and sell cryptocurrency, you must create a Cwallet account, where you will have access to over 800 tokens and wallet addresses where your purchased tokens will be redirected.
Once you have set up your Cwallet account, you need to link your Cwallet account to your Telegram account to enable the bot to access your wallet details.
Not to worry! This process only needs to be completed once, and when it is all done, you can simply initiate a chat with the bot any time you want to buy, sell, or complete other crypto transactions on Telegram.
Buying Crypto With Cwallet’s Telegram Bot:
After initiating a chat with the bot and clicking “start,” you’ll be provided with a small menu, from which you can click “Buy and Sell,” as seen below.
As seen above, there are many other functions that can be executed with the Cwallet Telegram Chatbot, such as: depositing and withdrawing to/from your wallet, exchange (swaps), or other Cwallet-specific functions like setting up exclusive bots or group management functions.
However, in this case, you want to "Buy or Sell." Hence, what you need to do is click on the "Buy and Sell" button.
Alternatively, you can execute a purchase or sale with smart bot commands such as /buy or /sell. The command goes thus:
/buy (token short form) to initiate a purchase. For example, if you want to buy Bitcoin (with the shortform BTC) or Ethereum (with the shortform ETH), you can simply send /buy BTC or /buy ETH to the bot, and the bot will pick up the action from there.
When you have chosen the token to buy, you will be redirected to third-party instant delivery exchanges (Moonpay or Ramp), of which you can choose one depending on your present location.
After selecting, you will be provided with a personalized URL to enter the website for Moonpay or Ramp to buy Bitcoin or your chosen cryptocurrencies.
If you haven't registered with either of these platforms before, you would need to complete your registration, ONLY FOR THE FIRST TRANSACTION!
After completing the transaction, the purchase is typically confirmed within seconds, after which the tokens are sent to your wallet and are instantly reflected.
Selling cryptocurrencies follows nearly the same process; after initiating the /sell command via the Cwallet Telegram ChatBot, you will be redirected to the Moonpay/Ramp payment gateway, where you can provide your banking information for instant credits.
Wrapping Up
Cwallet’s Telegram chatbot facilitates an easy way to buy and sell cryptocurrency and, even better, manage your funds, receive deposits, send out withdrawals, and do so much more from the simple interface of a chatbot, even without visiting a crypto exchange.
The best part is that you barely have to leave the Telegram interface, and within a few seconds, your transaction is easily completed.
So, if you're tired of constantly opening exchanges and dealing with long wait times and a lack of privacy, consider using the Cwallet Telegram Chatbot to buy and sell crypto. It is a simple-to-use, KYC-free alternative that helps you maintain your privacy and anonymity.
What's more?
Cwallet charges no fees for its services, ensuring that your deposits, withdrawals, and swaps are executed without additional costs.
So, don't delay! sign up on Cwallet now!
