The Swyftx Telegram group for cryptocurrency trading offers a unique opportunity to interact with one of the most active cryptocurrency communities and all of Australia. In the telegram group, you can stay up-to-date with all the latest bitcoin news, different tips on Trading, educational material to teach you more about Bitcoin, and of course all the latest news about Swyftx. 

What is Telegram? 

Telegram is an online messaging app that works just like WhatsApp and Facebook Messenger, which are popular messaging apps. This means that when linked to Wi-Fi or your mobile data, you can use it to send messages to your friends. Telegram is cloud-based and claims that safety and speed are prioritized, making it a good alternative to other popular messaging apps. The service was launched in 2013 and has now reached 200 million active monthly users since then.

Is a Telegram Group for Cryptocurrency Trading Reliable? 

Telegram the application relies on encrypted security to operate. To be specific, the software features two secure encryption layers. Private and community cloud chats support network encryption servers, while client to client encryption benefits from hidden chats. In the method, every single bit of data is handled the same way, which ensures that text, files, and media alike are similarly encrypted. Getting more technical, the encryption metrics are 2048-bit RSA encryption, 256-bit symmetric AES encryption, and Diffie-Hellman secure key exchange. 

That technical jargon is what is under the hood, but we don’t need to understand the security under the hood in order to utilize the app. 

Telegram Group for Cryptocurrency Trading

Swyftx offers one of the best Telegram groups for cryptocurrency trading. If you are interested in connecting with traders from all around the world, then a Telegram group is a solid choice. Telegram offers a very universal platform and literally anyone with internet access is able to register for an account. With one application, you can connect with anyone from anywhere in the world. It’s not geoblocked in some countries like other major social media channels are. It’s open and you can do what you want on it. 

Cryptocurrency Trading Telegram Group Vary in Quality 

Just like any website that allows private groups to form (e.g., Reddit, BitcoinTalk.org, etc), there will be opportunities for bad actors to target innocent people. Of course, groups with a more thorough vetting system that have moderators on staff are going to be of higher quality than groups that lack any moderation. Most Telegram groups have rules and the moderators will stick with them. Cryptocurrency trading telegram groups have a lot of power to unlock the backroom conversations that start many of the bullish trading frenzies of today. That’s why it’s important to have a strong connection to the team. A Cryptocurrency Trading Telegram Group with strong team visibility tends to be of higher quality than a community with lower team visibility. Otherwise, bad actors can form. 

For example, the Wall Street Journal cited that Discord and Telegram, which are similar to cryptocurrency trading telegram groups, were used to orchestrate the infamous “underground” Gamestop rally. A similar spike also occurred in the silver market. Telegram is often used as a place where conversations about these assets are had. Of course, we absolutely do not condone price manipulation of any sort. Nor would we allow any type of action like this on Swyftx, however, we’re just merely pointing out the obvious that any type of conversation can be had on Telegram, and the quality of the group and moderators heavily decide on what goes into a group and what is not allowed. 

How do you register for the Swyftx Telegram group? 

Registering for the Swyftx Telegram group is easy and will take less than a minute. Below we will provide the steps but you’ll probably be able to figure this out without detailed instructions. Anyway, here we go: 

  1. First of all go to this website on your favourite browser: https://t.me/swyftx 
  2. That will then take you to this page with Swyftx logo. You are in the right place if you see the screenshot below. 

3. Once you are on the above place in your web browser or mobile device, select “Allow.” Once your select “Allow” there will be an opportunity to join the channel. You will be taken directly to the discussion group that is Swytx.

Written by Katya Richardson

Written by Katya Richardson

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