Telegram crypto channels along with cryptocurrency, have changed many things in the financial industry. It has also evolved over the last decade and is almost becoming mainstream with so many institutions venturing into it. Like any industry, the world of cryptocurrency is led by a small group of visionaries and pioneers who work to develop Blockchain, the latest crypto coins to be introduced in the blockchain, and the movements of digital currencies. While everyone seems to be using Twitter and Facebook for marketing and managing customer relations, fans of Blockchain have adopted Telegram as the official social media platform to share, distribute and discuss cryptocurrency trends.
Why does Telegram appeal to crypto enthusiasts?
The main reason why Telegram has become popular with crypto enthusiasts is its emphasis on encryption. Originally built as a testbed for MTProto, an open-source security protocol, it has earned a reputation as a platform that has no government control of its money supply. Users can send encrypted messages that even the smartest geeks cannot crack, hence its appeal as a platform to discuss the decentralized money flow spearheaded by blockchain and cryptocurrency
How do Telegram crypto channels work?
Other than the security and privacy feature that attracted crypto signal providers to open channels on Telegram, the channel has other features that are attractive to users.
Once a crypto signal provider opens a channel on Telegram, they can use bots to send automated messages easily. For example, Blockchain companies or news site automate their publishing of crypto signals (e.g. Bitcoin signals) across multiple platforms. Also crypto signallers can broadcast messages to a large audience easily.
Those who create telegram channels to provide Bitcoin signals, among other cryptocurrency signals, are also able to use the cloud storage offered by Telegram. It means that all messages and files are stored and can be checked on demand.
Users are also able to create anonymous usernames without revealing a phone number or a real name, which provides a big advantage for those who want to share and use telegram crypto signals . A crypto signal provider is also able to create a private channel that can only be joined using an invite link or a manual addition by the channel’s owner.
Telegram crypto signals have been around for some time, but we know that many of the channels and groups are low quality and some are even scammers. At Binance Futures Signals we wanted to shed some light into this dark and sometimes complicated world that combines both crypto and telegram.
How does telegram help crypto traders?
For traders, they have found a better platform with a plethora of crypto signal providers who give out Bitcoin signals to ease their trading experience. Some well-known traders can also share their trades with others for free, as well as exclusive signals for those paying.
A crypto signal provider can explain their trades on Telegram or on their websites, where they also brag about their success rates. A signal provider can also tell their following when to buy when to sell and what some new announcement is likely to do to the market.
Telegram crypto scams
Because of the anonimity and encryption level embedded into telegram, the app is also the hunting ground of crypto scammers. The scammers that own crypto channels on telegram operate simply by faking results and members , extremely difficult to spot to the untrained eye, the telegram crypto scams can take many shapes, often with extremely high prices and promising insane results over extremely short periods of time. Remember , if it is too good to be true it probably isnt true in the first place. We curated some of the best telegram crypto signals providers on our site, and we take the necessary time to check every aspect of their service, from response time to the quality of the crypto signals, we do it all in a continous manner, they need to put the work into it all the time if they want to keep their rankings.
Unlike other industries, the cryptocurrency industry has found a home on Telegram. The platform provides assured security and privacy while also giving traders and crypto signal providers the opportunities to share their trades, news, and events happening in the industry. Telegram may have built a platform to show that its security protocol is better than other social media platforms like Facebook and Twitter, but it has become one of the best platforms for crypto enthusiasts, providing new business opportunities for those interested in Blockchain. Telegram crypto channels work in such a way that they can provide crypto signals, such as Bitcoin signals, for traders in their channels.