How to buy Algorand

ALGO

Algorand (ALGO)

Trade only

ALGO

Sign Up & Buy ALGO

Algorand is a decentralized financial network and cryptocurrency platform. Designed for low environmental impact, its pure proof-of-stake (PPoS) consensus mechanism enables high transaction speeds and instant settlement, without sacrificing security or decentralization. Algorand nodes reach consensus about what should appear in the blockchain through this PPoS consensus based on a staking system (instead of a Proof of Work mining system like Bitcoin’s) to verify new transactions and produce new crypto tokens. The ALGO cryptocurrency is used to participate in transaction processing and network governance. You can buy and sell ALGO for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade ALGO for BTC the same way you trade CAD for USD. You can also trade ALGO to CAD based on the ALGO price. To learn how to buy Algorand / ALGO, scroll down to see how to buy Algorand.

Algorand, founded by Silvio Micali, is positioned as the greenest blockchain currently in the market. Micali’s commitment to sustainable technology forms the backbone of Algorand’s unique consensus mechanism, as its Pure Proof of Stake system is more efficient than Proof of Work blockchains like Bitcoin in terms of electricity consumption. Algorand is going further by offsetting its small carbon footprint in partnership with ClimateTrade.

You may want to consider buying ALGO if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Explore Algorand’s sustainable PPoS mechanism and make a positive impact on the environment

Create applications fuelled by cryptocurrency in the areas of real estate, microfinance, and more

Buy and sell goods, and send digital currency instantly from wallet to wallet.

Algorand (ALGO)

All prices are in USD.

How to buy Algorand

ALGO

Algorand (ALGO)

Trade only

ALGO

Sign Up & Buy ALGO

Algorand is a decentralized financial network and cryptocurrency platform. Designed for low environmental impact, its pure proof-of-stake (PPoS) consensus mechanism enables high transaction speeds and instant settlement, without sacrificing security or decentralization. Algorand nodes reach consensus about what should appear in the blockchain through this PPoS consensus based on a staking system (instead of a Proof of Work mining system like Bitcoin’s) to verify new transactions and produce new crypto tokens. The ALGO cryptocurrency is used to participate in transaction processing and network governance. You can buy and sell ALGO for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade ALGO for BTC the same way you trade CAD for USD. You can also trade ALGO to CAD based on the ALGO price. To learn how to buy Algorand / ALGO, scroll down to see how to buy Algorand.

Here’s how to buy Algorand on Quick Trade

Buying Algorand is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Algorand, which trades as ALGO. Based on when you think you can get a good ALGO price, you should be able to trade ALGO to CAD.

To buy Algorand, simply follow these steps:

1

Sign up for a Quick Trade account and verify your identity

This is the first step to buying ALGO. Verifying your identity helps us to properly connect your funds to your account.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select ALGO from the list on the trade section

Quick Trade lets you trade ALGO without leaving the app. You can also check the Algorand stock price and convert ALGO to CAD on the platform.

4

Select a currency you’ve funded and use it to check the ALGO price

In the Quick Trade app, all currencies available to trade can be found in the drop down list.

5

Buy ALGO

Congratulations! You’re now the proud owner of ALGO. You can either HODL or use it to exchange ALGO to CAD. To the moon!

Algorand, founded by Silvio Micali, is positioned as the greenest blockchain currently in the market. Micali’s commitment to sustainable technology forms the backbone of Algorand’s unique consensus mechanism, as its Pure Proof of Stake system is more efficient than Proof of Work blockchains like Bitcoin in terms of electricity consumption. Algorand is going further by offsetting its small carbon footprint in partnership with ClimateTrade.

You may want to consider buying ALGO if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Explore Algorand’s sustainable PPoS mechanism and make a positive impact on the environment

Create applications fuelled by cryptocurrency in the areas of real estate, microfinance, and more

Buy and sell goods, and send digital currency instantly from wallet to wallet.

Where do I keep my ALGO?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

Ready to add ALGO to your portfolio?

Create your account (if you haven’t already), fund it with spare change and get your ALGO.

Sign Up & Buy ALGO

Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.