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Buyer's Guide

How to Buy Algorand (ALGO)

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Algorand is designing the first open, permissionless, pure proof-of-stake blockchain protocol that, without forking, provides the necessary security, scalability, and decentralization needed for today’s decentralized economy. The smart contracts enable DeFi solutions and dApps that can scale to billions of users, and tens of millions of daily transactions with low transaction fees.

We list the top 3 Algorand exchanges that offer the ability to buy Algorand (ALGO) with a credit card, debit card, or Bitcoin (BTC).

Uphold

Uphold – A top exchange in the United States, Uphold is an experienced and extremely innovative trading platform that should be able to meet your needs for trading across a number of cryptocurrencies including Algorand (ALGO). Beyond the ease of use and innovative features within the trading platform, what stands out about the company is the credibility they have gained in the industry.

They offer a desktop and mobile app trading experience that is extremely intuitive. The trading view is completely customizable with the assets that you trade the most and it has a very easy to navigate, and modern feel on both desktop and mobile. It is a very popular and suitable choice, particularly for new traders.

Besides being visibly appealing, the Uphold trading platform allows you to place your trades with great ease. Just a couple of clicks and you can make trades directly from your deposit method without even having to wait for funds to clear to your account. This one-step ordering is another innovation from the company who pride themselves on the usability of their platform. They have also added the ability to execute limit orders.

USA customers can also claim a debit card that earns cashback & crypto. UK & European residents are prohibited from buying ALGO.

Read our Uphold Review or visit Uphold.

Uphold Disclaimer: Assets available on Uphold are subject to region. All investments and trading are risky and may result in the loss of capital. Cryptoassets are largely unregulated and are therefore not subject to protection.

Binance

Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Algorand (ALGO) here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.

This exchange is best for Australia, Canada, Singapore & international users. They do not accept USA residents.

Read our Binance Review or visit Binance.

Use Discount Code: EE59L0QP for 10% cashback off all trading fees.

Kraken

Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.

From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Algorand (ALGO).

The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.

This is our most recommended exchange for USA residents.

Read our Kraken Review or visit Kraken.

BitPanda

BitPanda – They launched in 2014, and quickly established a positive name and reputation for being a great place to easily buy and sell Algorand (ALGO) in the UK & Europe. Since that time they have built on their stellar reputation to expand rapidly to where they now offer trading in a broad range of cryptocurrencies alongside the ability to purchase precious metals and a host of other services.

In total, they offer close to 50 cryptocurrencies you can choose from. This positions them well within the sector particularly among those brokers that facilitate an instant crypto purchase. Included in this range is BEST, a native token that BitPanda themselves has launched.

Read our BitPanda Review or visit BitPanda.

WazirX (India Only)

WazirX is India’s biggest cryptocurrency exchange with over 400,000 users and they are expanding rapidly. They are one of the most reputable exchanges that currently offers Algorand (ALGO) trading opportunities and they currently accept clients from all over the world. This exchange is part of the Binance Group, which ensures a high standard of quality.

USA residents are prohibited.

Read our WazirX review or visit WazirX

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.

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ESMA: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. Between 74-89% of retail investor accounts lose money when trading CFDs. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.

Investment advice disclaimer: The information contained on this website is provided for educational purposes, and does not constitute investment advice.

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This risk is higher with Cryptocurrencies due to markets being decentralized and non-regulated. You should be aware that you may lose a significant portion of your portfolio.

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