Crypto Conversion Simplified : TON-INR

How to invest in Toncopin (Ton) on CoinSwitch?

To begin investing in Toncoin (TON) via CoinSwitch, all you have to do is: 

• Go to the App Store or Google Play Store and download the CoinSwitch app.

• Register an account using your phone number linked to your bank account.

• Complete the mandatory KYC procedure by providing your details and identity proof. 

• Add your bank details and transfer funds to your CoinSwitch wallet. 

• Go to the ‘Market’ section on the app and select ‘TON.’

• You can start investing in TON with as low as ₹100.

Order types on CoinSwitch

Before we proceed, here is a quick word on the different types of orders on CoinSwitch and how to place them.

• Instant: Instant orders get fulfilled immediately, provided there’s enough liquidity. When you select an instant order, enter the INR amount you want to invest. The conversion rate in relation to the crypto you have chosen is shown based on the market price at that moment. You can find your investment proof in the Portfolio section on the app after a short while.
• Limit: The limit order option is useful when buying a crypto at a specific price. With these orders, you don’t want to wait for the price to hit your target. Once placed, limit orders take care of themselves and get executed in the background on their own. Users can also choose whether to receive a notification when this happens. All investments show up in the app’s Portfolio section after a short while.
• Systematic Investment Plan (SIP): SIPs are great tools for cost averaging your investments and HODLing. In other words, they are a good option when you want to make a long-term investment. While buying an SIP, you simply select the amount of money you want to invest every month and click confirm. Then, all you need to do is ensure that you have enough funds in your account to fulfill these orders each month. Once you’ve given the instruction, the app will periodically deduct the money from your wallet.