How and where to buy Algorand cryptocurrency
The Algo tokens is very common to the cryptocurrency exchanges. It's purchasable on 49 trading platforms with twenty-one pairs: ALGO/BTC, ALGO/BUSD, ALGO/ETH and other. Full details read above.
Where to buy Algorand
Step 1You need an account with a cryptocurrency exchange that supports Algorand. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
FMFW.io | 0.5 / 0.5 | MEDIUM | Yes | $51294 |
|
HitBTC | 0.1 / 0.25 | MEDIUM | Yes | $58932 |
|
WOO Network | ?? / ?? | HIGH | Yes | $7764 |
|
Binance | 0.1 / 0.1 | HIGH | Yes | $514154 |
|
Coinbase Exchange | 0.5 / 0.5 | HIGH | Yes | $34667 |
|
Digifinex | 0.2 / 0.2 | MEDIUM | Yes | $45856 |
|
EXMO | ?? / ?? | HIGH | Yes | $2326 |
|
MEXC Global | 0.2 / 0.2 | HIGH | Yes | $25892 |
|
Bitrue | 0.2 / 0.2 | HIGH | Yes | $56893 |
|
Kraken | 0.16 / 0.26 | HIGH | Yes | $8116 |
|
FTX | 0.02 / 0.07 | HIGH | Yes | $46470 |
Transfer or buy with P2P one of this coins: USDT, BTC, AUD, USDC, XRP or other.
Step 3Go to spot market on crypto exchange and type the coin name in search box. Choose between available trading pairs, then set order and push Buy ALGO button.
Congratulations!
Once you press "buy" button, the Algorand crypto will be deposited in your account on the trading platform. Please be advised that only moving your coins from crypto exchange into separate crypto wallet such as Trezor One or Ledger Nano, you can improve protection of your finances. This not just lower your risk if your cryptocurrency exchange or account gets cracked, but if you move to separate wallet, your Algorand becomes almost unbreakable. Only flaw is generally have to pay a small fee to transfer your crypto from the trading platform.
What is Algorand
Algorand is a scalable, secure and decentralized digital currency and transactions platform.
Video Review
What is Algorand? ALGO Explained with Animations
Statistics and Externals
Term of hash algorithms not applicable to Algo cryptocurrency.
Price and supply
The current total supply is 7.3 billions, with a circulating supply of 7243370723 ALGO as of May 2023. The max amount of coins that will ever exist in the lifetime of the Algorand is 10000000000.
The Algorand token price is $0.151296048808 as of 11:23 PM. The price increased on 0.9942% over the past 24 hours. The recent price action left the token's market capitalization at 2.2 billions USD. So far recent 30 days, the Algo crypto increased on 0.83%.
FAQ
What crypto exchange can I buy Algo?
Algo coin can be purchased from forty-nine exchanges. The list includes: EXMO, AAX, AscendEX (BitMax), Binance and Mercado Bitcoin.
Is Algorand coin a good investment?
The Algo token is common risks asset that has probability to lose its value. Because of high volatility of all crypto industry you bear in mind: you can lose all of your invested funds, unexpected changes in market can lead to sharp and sudden moves in price and any cryptocurrency has a possibility price to crash to zero. The other side of that investing in crypto assets is possible extremely profitable.
About the author
Davy Jones has been involved in the crypto industry since 2017 as a miner. Since then, he has become an avid investor, writer, and speaker in the field. Jones has been writing professionally since 2008, covering a wide range of topics in various industries.