Notcoin, the popular Telegram mini app, has become somewhat of a viral sensation. This hype has led to the native token of the clicker-based game, NOT, making some impressive price movements in Q2 of 2024. As such, many traders need a way to store their NOT tokens securely. Learn where to store NOT and everything else you need to know in this comprehensive Notcoin wallet guide.
Methodology
Our BeinCrypto product teams conducted numerous tests to determine the top wallets for storing NOT. This process was conducted over a period of six months. Some of the requirements we looked for were custody, integration with TON services and apps, platform support, and whether a wallet was open-source. Here’s a quick insight into why wallets were chosen.
TON Space
TON Space is a non-custodial solution for utilizing the custodial Wallet mini app within Telegram. It allows users to custody their assets, all while supporting important features like wallet recovery.
- Mobile app
- Supports TON, Jettons, and NFTs
- Wallet recovery
Tonkeeper
Has the standard TON asset management features, but has the added convenience of multi-accounts, staking, and supports multiple browser with its extension.
- Supports mobile and browser extension
- Allows you to stake
- TON Connect
OpenMask
Is a browser extension that supports Chromium based browsers like Google Chrome and Brave. It also has hardware wallet integrations, supports NFTs, and allows you to connect to TON applications.
- TON Proxy and domains
- Open-source
- TON Connect
MyTonWallet
Arguably the most popular TON wallet, MyTonWallet has an excessive amount of useful features for users. It has staking capabilities, proxy, and TON domain and asset management.
- In-app staking
- Supports TON DApp integration
- Multiple accounts
Ledger
The most popular hardware wallet in all of crypto, Ledger allows you to place your Notcoins in cold storage. It also has Ledger Live app to make up for the difficulties of using hardware wallets.
- Secure element chip
- Bluetooth capabilities
- Supports TON jettons
To learn more about BeInCrypto’s Verification Methodology, please refer to this link.
Top Notcoin (NOT) wallets
TON Space is a TON blockchain mobile wallet. It comes equipped with many features. Users can interact with decentralized applications (DApps), send and receive TON assets and NFTs, and swap crypto. If you have to recover your TON Space wallet, you have the options of the standard seed phrase, and an additional email recovery.
- Allows you to hold TON, jettons, and NFTs
- Mobile app
- Two wallet recovery methods
- Can only import a single account as of 2024
2. Tonkeeper
Tonkeeper is a mobile crypto wallet for the TON blockchain. It is designed for managing, storing, and transacting with TON assets. The wallet also allows users to stake and interact with TON domains and applications. Additionally, it supports multiple platforms, including mobile and browser extensions inclusing Chrome, Firefox, Edge, Brave, and more.
- Supports multiple platforms
- Pay for goods and services via QR code
- Pay for Telegram subscription from within the wallet
- Not open-source
3. OpenMask
OpenMask is a non-commercial, open-source web extension wallet. Some of its offerings include Ledger Hardware Wallet integration, biometric authentication, and the ability to switch between Mainnet and Testnet TON. It is a DApp gateway and key vault, and allows you to manage multiple wallets, jettons, and NFTs. Built with a modern stack and a functional style, OpenMask provides a way to connect to TON-based applications using the Ton Connect 2.0 standard.
- Multiple features integrated with the TON DApps
- Supports TON based domains
- Manage jettons and NFTs
- Limited number of browsers supported
4. MyTonWallet
MyTonWallet is another crypto wallet specifically designed for TON token management. Some of its features include secure storage and access to TON-based services. It also has Ton Connect for DApp integration, domain management, jetton and NFT support, multi-account functionality, and a built-in proxy. Additionally, MyTonWallet offers staking capabilities and supports five popular browsers with its extension.
- Multi-platform support
- Open-source and non-custodial
- Integration with TON based applications/services
- No hardware wallet integrations
5. Ledger
The Ledger wallet is a hardware cryptocurrency wallet known for its top-end security, allowing users to store and manage their digital assets offline. It supports a wide range of cryptocurrencies, including TON jettons, has Bluetooth capabilities, and NFT support. It also comes with Ledger Live, an intuitive app that allows users to seamlessly manage their assets, track their portfolio, and even stake coins directly from the app.
- Reputation for industry grade security
- Wide support for coins, tokens, and blockchains
- Bluetooth capabilities
- Has faced criticisms in recent years, particularly over its controversial "Recover" feature
Notcoin (NOT) wallets compared
| Wallet | Type | Platform | Open-source | Custody |
|---|---|---|---|---|
| TON Space | Software | Android and iOS | No | Non-custodial |
| Tonkeeper | Mobile and browser extension | Android, iOS, and 5+ | No | Non-custodial |
| OpenMask | Browser extension | Chromium-based browsers | Yes | Non-custodial |
| MyTonWallet | Mobile and extension | Android, iOS, Chrome, and 4+ | Yes | Non-custodial |
| Ledger | Hardware | N/A | Partial | Non-custodial |
What is Notcoin?
Notcoin is a GameFi token based on The Open Network (TON) blockchain and integrated into the Telegram platform. It rewards users through a combination of proof-of-activity and proof-of-interaction mechanisms. Key features include a play-to-earn model, decentralized asset ownership, smart contracts for automation, and a token burn system to maintain scarcity and value.
Users earn Notcoins by participating in interactive gameplay, completing tasks, and engaging with the community. Simply put, players earn Notcoins through a “tap-to-earn” mechanism, where they tap on a digital coin and can enhance their experience by inviting friends and using power-ups.
The most simple game possible. You just tap on the coin and you earn coins. That’s it.
Sasha Plavtinov, Notcoin co-creator: TON Conference
How to keep your Notcoin wallet secure?
Notcoin is a TON jetton. A jetton is the standard token on the TON blockchain. Just as Ethereum has an ERC-20 token standard and Solana supports SPL tokens, TON has jettons. Here are a few tips and tricks to help keep your NOT safe.
Secure your seed phrase and private keys
Much of the work needed to secure your seed phrase and private keys is done by choosing a good wallet (e.g. open-source, non-custodial, cold storage, etc.). However, your wallet is only as good as your operational security.
Therefore, you should never share your seed phrase or private keys, and always choose a strong password. It is best practice to physically write down your seed phrase or store your private keys offline in a secure place. You should never store your seed phrase/private keys on any cloud services.
Stay cautious in Telegram chats
While specific widespread incidents targeting TON jettons are less documented, users should be vigilant about common threats like phishing scams in Telegram chats, where malicious actors impersonate legitimate channels or admins.
You can use TON wallets within the Telegram app, meaning you can manage and transfer TON jettons directly through the app. These features, while convenient, may put user’s funds at risk by making it easier to impersonate accounts.
Another risk involves fake wallet applications designed to steal private keys. Users should only use official wallet apps, enable two-factor authentication, and avoid sharing sensitive information to enhance Notcoin wallet security.
Maintain good operational security
An often overlooked aspect of wallet security is maintaining the integrity of your devices that hold your wallet. This means using good anti-virus software, avoiding suspicious links and emails, and using websites with SSL/TSL encryption.
Moreover, you should regularly update your operating system and applications to protect against the latest vulnerabilities. Consider using a hardware wallet for an extra layer of security and regularly back up your wallet to secure locations, such as encrypted external drives.
Does Notcoin have a future?
Notcoin’s success is a product of current trends and a cultural fascination with simple, engaging activities. As a clicker game where players primarily tap to earn, its popularity highlights the influence of trends over utility in both crypto and traditional finance (TradFi) investing.
While Notcoin may thrive as long as it captures public interest, its future remains uncertain due to the transient nature of trends and shifting focus of social behavior. This underscores the unpredictable lifespan of such investments. For insights on the token’s potential trajectory, you can check out BeInCrypto’s expert Notcoin price prediction.
Protect your investment in Notcoin
Notcoin’s appeal lies in its simplicity and trend-driven popularity, but securing your tokens is crucial. By choosing a reliable Notcoin wallet, safeguarding your seed phrases, and maintaining strong device security, you can protect your assets.
Stay vigilant against phishing scams and use only official apps to ensure your Notcoins remain safe. Understanding these security measures will help you enjoy the game while keeping your investments secure.
Frequently asked questions
Notcoin is a GameFi token built on The Open Network (TON) blockchain, integrated into the Telegram platform. It rewards users through interactive gameplay and tasks. Players earn Notcoins primarily by tapping on a digital coin.
Secure your seed phrases and private keys, and use reliable wallet apps. Avoid storing sensitive information on cloud services. Regularly update your devices and use anti-virus software.
Yes, you can use some TON wallets within the Telegram app to manage and transfer Jettons. This integration offers convenience but requires vigilance against phishing scams. Always verify the legitimacy of channels and avoid sharing private keys.
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