Interested in purchasing Toncoin (TON) in Latvia? We’ve handpicked the best exchanges, including Bybit, where you can invest in Toncoin securely and benefit from low trading fees.

Investing in Toncoin and other cryptocurrencies has never been easier.

Simply sign up on the listed crypto exchanges, complete the identity verification process, and make payments using bank transfers, debit cards, or credit cards, all while ensuring security through crypto wallets.

Here's a step-by-step guide on how to buy Toncoin in Latvia.

Where to buy Toncoin in Latvia

When choosing a crypto exchange to buy Toncoin in Latvia, prioritize platforms with low transaction fees to enhance investment returns, ensure the implementation of robust security protocols to safeguard your assets, and opt for user-friendly platforms with reliable customer support and positive user feedback.

Here are the best crypto exchanges where you can purchase Toncoin (TON) in Latvia:

Exchange

Features

Rating

Binance

+ A very well-known crypto exchange platform
+ More than 500 different cryptos available

+ Supports fiat-crypto acquisitions

+ P2P trading option

Bybit

+ Very low trading fees
+ Exceptional functionality
+ Mobile trading app
+ Up to 100x leverage

+ Helpful customer support

How to Buy Toncoin (TON) in Latvia in 5 Simple Steps

1. Create an account on a crypto exchange

Bybit Sign Up

When buying Toncoin in Latvia, the first step is selecting a reputable Toncoin exchange that operates within the legal framework of the country.

Some popular platforms that allow you to buy and sell Toncoin in Latvia include Bybit and Binance.

In this tutorial, we will be using Bybit to purchase Toncoin (TON).

2. Secure your account

Ensure stronger protection of your account by setting Google 2FA code, anti-phishing code, and trading password.

3. Verify your account (KYC)

After signing up for the exchange you will need to verify your identity and address, which is part of the Know Your Customer (KYC) process.

4. Add a payment method

Add a credit/debit card or bank account after verifying your Bybit account.

5. Buy Toncoin (TON)

Use a variety of payment options to buy Toncoin (TON) on Bybit.

After creating an account on your preferred exchange, follow these steps below to purchase Toncoin:

Step 1: Make a deposit or buy Toncoin (TON) with a Credit or Debit Card

deposit on bybit

There are several methods and payment services available for funding a cryptocurrency exchange account. Choose the option that best suits your needs:

Crypto Deposit: If you opt to fund your account through a crypto deposit, you will transfer digital assets from a crypto wallet to your exchange account. Ensure you use the correct address for each supported cryptocurrency on the exchange, as using the wrong address or sending unsupported crypto may lead to a loss of funds.

Bank Deposit (Wire Transfer): Alternatively, you can fund your account through a bank deposit (commonly known as a wire transfer) using supported fiat currencies like USD, EUR, and GBP. Before initiating a bank deposit, it's essential to verify whether the exchange supports your preferred local currency.

Credit Card or Debit Card Purchase: Purchasing Toncoin via credit card or debit card is not only the easiest but also arguably the most popular option.

Step 2: Go to the trading page and find the relevant crypto trading pair

spot trade on bybit

After funding your Bybit account, navigate to the trading page to select the appropriate crypto trading pair. Whether you're looking to trade crypto-to-crypto or crypto-to-fiat, choosing the right pair is crucial for a successful transaction.

Note: In this tutorial, the trading pair used is BTC/USDT, but in this particular case, make sure you choose the correct one (TON/USDT, TON/USD, etc.).

Depending on the exchange you’re using, there should be multiple trading pairs available (a trading pair refers to two different assets that can be traded against each other; e.g., TON/USDT).

As a rule of thumb, most crypto exchanges support both crypto-to-crypto (e.g., TON/USDT) and crypto-to-fiat (e.g., TON/USD) trading pairs.

Choose the right trading pair – crypto or fiat – depending on the deposit method you’ve chosen.

Step 3: Make a buy order for TON

Decide whether to choose Market or Limit order when buying Toncoin.

Here’s a brief overview of each:

“Limit” order option: set the price at which you want to buy TON.

“Market” order option: fills out your order at the best price automatically.

If you want to buy TON when it reaches a certain price, use the Limit order.

Enter the price you desire and the amount of TON you want to purchase, then click the “Buy” button.

limit order on bybit

If you want to buy TON at the latest price, click on the Market tab, then enter the amount of TON you want to buy. The order should be done almost instantly and the coins will be added to your balance soon.

market order on bybit

You are now a proud investor of Toncoin (TON)!

Step 4: Store your TON

The best way to store TON varies based on your needs and preferences.

While keeping it in your exchange account offers convenience for trading, using non-custodial Toncoin wallets gives you full control over your private keys and, consequently, your assets.

Store TON in your Bybit Account

Holding your crypto in your Bybit account provides quick access to trading products, such as spot and futures trading, staking, lending, and more. Bybit serves as the custodian of your crypto assets to help you avoid the hassle of securing your private keys on your own.

Make sure to set up a strong password and upgrade your security settings to prevent malicious actors from accessing your funds.

How to safely store your Toncoin (TON)

ledger hardware wallet

The crypto community widely acknowledges the rule, "Not your keys, not your coins."

If prioritizing security, consider transferring your TON to a non-custodial wallet. Opting for a non-custodial or self-custodial wallet ensures you have full control over your private keys. This can include various types of wallets like hardware wallets, Web3 wallets, or paper wallets.

Keep in mind that this option may be less convenient if you frequently trade TON or want to actively use your assets. Ensure the safekeeping of your private keys, as losing them could lead to the permanent loss of your TON.

What is Toncoin (TON)?

Toncoin (TON) is a decentralized layer-1 blockchain developed in 2018 by the encrypted messaging platform Telegram. The project was then abandoned, taken over by the TON Foundation, and renamed from "Telegram Open Network" to "The Open Network".

Since 2020, the technology has been developing thanks to a non-commercial group of supporters and an independent community of enthusiasts who called themselves the TON Foundation. Toncoin, formerly known as Gram, is the native cryptocurrency of the TON network.

The original idea was to integrate TON into an easy-to-use application that allows users to buy/send/store funds. Clients pay transaction fees and use TON to settle payments or validate transactions.

Toncoin utilizes the proof-of-stake (PoS) consensus model for network scalability and reliability. According to the project website, the platform provides its customers with fast, transparent and secure payment services, facilitating transactions with minimal fees and third-party applications.

The developers’ mission is to build a full-fledged ecosystem with decentralized storage, decentralized services, a domain name system (DNS equivalent), an anonymous network, an instant payment platform, and affordable/fast transaction processing.

The Open Network is a community-driven blockchain with a flexible architecture and focus on serving a typical consumer. TON stands out due to the fast processing/validation of transactions per second (TPS). In September 2021, the network processed a then-world record of 55,000 TPS during a contest, although the current TPS could be in the hundreds of thousands or even millions. This feature allows the project to grow rapidly while avoiding performance losses. At the same time, the project does not harm the environment.

How to withdraw TON

Exchanges offer straightforward methods for cashing out your TON, allowing you to transfer your assets back into fiat currency or into another digital asset.

About Latvia

"Latvia, officially referred to as the Republic of Latvia, is a European nation nestled in the northern part of the continent. It shares its borders with Estonia to the north, Lithuania to the south, Russia to the east, Belarus to the southeast, and Sweden to the west. With a land area spanning 64,589 km2, Latvia is home to a population of 1,818,273 residents. The Latvian language is commonly spoken, Riga is its bustling capital city, and the Euro (EUR) is the official currency in use.

Despite its relatively compact size, Latvia offers a charming blend of four distinct seasons and diverse landscapes, featuring expansive forests, picturesque fields, cozy farmsteads, and serene pastures. The country's welcoming atmosphere, stunning architecture, and friendly populace have a way of capturing the hearts of tourists. Notable attractions include the House of the Black Heads, Rundāle Palace Museum, Turaida Castle, and Dzintari Forest Park, all of which are well worth a visit.

Whether you find yourself in the vibrant cities of Daugavpils and Ventspils or the charming towns of Ogre and Valmiera, Binance is your go-to platform for purchasing Toncoin (TON) within minutes anywhere in Latvia. Binance prioritizes security and offers a range of payment options, including P2P trading, crypto deposits, Apple Pay, Google Pay, and credit cards, making cryptocurrency trading accessible to all."

Buying Toncoin FAQs

Where to buy Toncoin in Latvia?

Nowadays, acquiring and securely storing Toncoin (TON) is a straightforward process with a CEX such as Bybit. You can use your debit/credit card, conduct a bank transfer, or engage in peer-to-peer trading for Toncoin investing. This can be conveniently done on your computer, tablet, iOS, or Android devices.

How to purchase Toncoin with a Credit or Debit Card in Latvia?

To buy Toncoin (TON) with a credit or debit card in Latvia, you need to choose a card and an exchange that specifically facilitates Toncoin online purchases and credit card transactions such as Bybit.

How to buy Toncoin with PayPal in Latvia?

If you want to buy Toncoin using PayPal, you can check if Toncoin is available on your PayPal Crypto Hub or Finances section.

How to buy Toncoin without KYC in Latvia?

You can buy Toncoin (TON) without ID verification on a No-KYC crypto exchange such as MEXC.

Best exchanges to buy Toncoin in Latvia?

The best Toncoin exchanges in Latvia are Bybit and Binance.

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