Burn your tgBTC for BTC

In the previous guide, we obtained our first tgBTC. Now, let's explore how to use TON Teleport to redeem our test BTC, backed 1:1 by test tgBTC, through the Peg-out process.

TON Teleport is currently on Testnet. Do not send real funds and don’t use mainnet wallets.

📖 What you will learn

• understand the key steps in the Peg-out process (Burn, Confirm, Receive)

• learn how to redeem test BTC using TON Teleport

• test the functionality of TON Teleport BTC peg-out

📚 Before we begin

Make sure you have:

• Testnet wallet in TON (e.g., Tonkeeper from our previous guide)

• Signet wallet in BTC (e.g., UniSat or Electrum from our previous guide)

• test Toncoins for use in the Testnet

• test tgBTC for burning and redeeming BTC

📘 Theoretical part: Understanding Peg-out

Step 1: Burn tgBTC To start the Peg-out process, select the amount of tgBTC you wish to convert back to BTC. Burn these tokens in the TON network to confirm your intention to withdraw funds.

Step 2: Confirm the Transaction After burning the tokens, the system will create a transaction to send an equivalent amount of BTC to your specified Bitcoin address. Double-check the accuracy of the address to avoid any loss of funds.

Step 3: Receive BTC The transaction will be submitted to the Bitcoin network for confirmation. Once miners validate the transaction, the BTC will be credited to your designated Bitcoin address.

🦄 Practical part: Burn your tgBTC for BTC

First, click on Withdraw tgBTC. Then, input the amount of test tgBTC you want to convert to test BTC. Keep in mind that the total amount will be reduced by the network fee.

Enter the Signet Bitcoin address where you want to receive the BTC.

For example: Copying the address in the Electrum wallet

Make sure the address is correct, then click Next to proceed.

Open your Testnet TON wallet and confirm the transaction by clicking Open Wallet to approve the transfer. This step is crucial to initiate the withdrawal.

The transfer will be verified by TON validators, which usually takes around 15 minutes, depending on the network’s load. Once the transaction is confirmed, the test BTC will be credited to your Signet Bitcoin wallet.

You can check the status of the transfer directly in your wallet or by using a blockchain explorer.

🎉 What's next?

You’ve successfully redeemed your test BTC by burning tgBTC! By completing all the guides, you’ve tested the full functionality of TON Teleport available at this stage and greatly contributed to improving the platform for its future launch on the TON mainnet.

This is not a goodbye! Stay updated by following our TON Teleport channel, where we'll share updates on TON Teleport, and soon we'll tell you about our bug bounty program and other exciting activities.

Also, join our community chat. Now you can "Send Bitcoin like a message". No exchanges, no third parties — just you, TON, and your Telegram.