How to Buy Algorand (ALGO)
Algorand differentiates its technology through design choices that make it easier for users to help operate the network and be awarded the new ALGO cryptocurrency it creates.
In fact, new ALGO cryptocurrency generated by the software is awarded to every user who maintains a balance of at least 1 ALGO in a wallet they control with each block.
By not requiring users to expend computing power or real-world electricity costs to acquire new cryptocurrency, Algorand’s developers assert its blockchain can validate transactions more quickly, while avoiding technical issues that lengthen confirmation times in other designs.
If you’re new to Algorand, check out our “What is Algorand?” guide for a more detailed rundown.
Ready to dive in?
If you’re more advanced and looking to get the 1 ALGO you need to begin participating in the Algorand blockchain, go ahead and click the button below.
Why buy ALGO?
Algorand users must maintain a balance of at least 1 ALGO to earn a share of the new cryptocurrency the software creates every time a block is added to the blockchain.
This is notable, as over time, nearly 20% (1.75 billion) of the 10 billion ALGO ever to be created are to be awarded to those who help operate the network.
Note: You are not able to earn rewards if you keep your ALGO on an exchange – like Kraken! – and rely on it to secure your wallet. We are also not able to retroactively reward ALGO to users who may have earned new crypto had they kept their funds in a wallet that they had custodied.
알고랜드(ALGO)를 매수해야 하는 이유
- Use it to power decentralized applications
- Diversify your portfolio
- Make a long-term bet on Algorand’s technology
- Time the market to go after profits
알고랜드(ALGO)를 어디서 매수해야하나요?
There are a number of ways to buy ALGO. As with any cryptocurrency, you can purchase it directly from another individual in person or over the internet. Or you can try to locate a crypto ATM near you that offers ALGO. However, crypto ATM rates can be exorbitant and there is no guarantee that you can find a counterpart to make the trade with.
The easiest way, however, is to purchase it through a trusted exchange, such as Kraken.
Kraken is rated one of the most secure and trusted crypto exchanges in the world. This is essential because once ALGO is lost, it is nearly impossible to recover. At Kraken, we take security seriously with state-of-the-art technology, policies, and procedures that will protect client funds. We do not compromise when it comes to security, and neither should you.
How much ALGO can I buy?
Looking to buy ALGO on a budget? Don’t worry, Kraken offers a minimum order size of 15 ALGO to help you gain exposure to a variety of assets.
Of course, you can also execute larger ALGO buy orders as well. It wouldn’t be out of the ordinary for larger traders to purchase or trade 60,000 ALGO or more on Kraken.
How to buy ALGO on Kraken
We make buying ALGO safe and easy. Just follow these simple steps to get started:
Verify your account
With just your name, date of birth, country and phone number you’re ready to start trading cryptocurrency pairs. In order to buy ALGO with fiat currency (i.e. USD or EUR) however, you'll need to provide your address, as well as some identity and proof-of-residence documents. Learn more here
Deposit crypto or fiat currency
Depositing crypto to Kraken is as easy as transferring it to any crypto address. We offer a variety of funding methods depending on your location and preferences. Browse through our support documents to choose the best option for you.
Start buying ALGO!
As soon as your money hits your account, you’re ready to start buying ALGO and other cryptocurrencies. Simply open the New Order page, fill out the order form and click BUY. You'll also have access to our charting tools, 24-hour global client support and advanced options like spot trading on margin*.
*Availability of margin trading services is subject to certain limitations and eligibility criteria.
24/7/365 Customer Support
Trading is really pretty simple! If you have any questions about buying ALGO, let us know. Our support staff is online all day, every day, ready to help.
You can reach us anytime on LiveChat or by email.
Where to keep your ALGO
알고랜드 구매를 완료하셨다면, 어떻게 알고랜드를 안전하게 보관할지를 알아보실 차례입니다. 가장 안전하게 알고랜드를 보관할 수 있는 방법은 알고랜드 월렛에 보관하는 것입니다. 월렛은 알고랜드 거래를 하는데 사용하는 개인키와 공개키를 모두 저장하는 장치 또는 소프트웨어 응용 프로그램입니다.
디지털 자산을 안전하게 보관하는데 활용할 수 있는 많은 유형의 월렛들이 있습니다. 모바일 또는 웹 기반 월렛은 빈도가 잦은 거래들이 좀 더 쉽게 이뤄지도록 합니다. 하드웨어 월렛은 장기간 동안 가장 안전하게 디지털 자산을 보관하는데 최적화되어 있습니다. 어떤 암호화폐 월렛을 사용할지 고르실 때 고객님이 보유하신 토큰으로 무엇을 할지 생각해 보세요. 고객님의 니즈를 충족하는 월렛이 언제나 가장 좋은 선택입니다.
Kraken is not a wallet service
It is important to note that Kraken is an exchange service and not a wallet service. So while we allow our clients to hold funds with us while they’re being used to make trades, you may want to consider separating your holdings into multiple wallets. After all, it is never good to keep all of your eggs in one basket, even one protected by the mighty Kraken!
Note: This means you are not able to earn ALGO rewards if you keep your cryptocurrency on Kraken and rely on it to secure your wallet. For more details on which wallets can help you participate in this process, visit the official Algorand website.