There are two main things to consider when it comes to Telegram wallets:
* Telegram Wallet Bot: This is a custodial wallet bot that allows you to send, receive, and store cryptocurrencies directly within the Telegram app. It operates on the TON blockchain and is known for its user-friendliness. However, since it's a custodial wallet, you don't have direct control over your private keys.
* TON Space: This is a self-custodial wallet built into the Telegram Wallet app. It provides you with more control over your funds as you hold the private keys yourself. However, this also means you're responsible for securing your own private keys and recovery phrase.