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.

How to Buy algorand algo

Lý do mua ALGO

  • 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 

Mua ALGO ở đâu?

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.

ALGO Price

How to buy ALGO on Kraken

We make buying ALGO safe and easy. Just follow these simple steps to get started:

  1. Sign up for a Kraken account
    Just enter an email address, pick a username and secure your account with a strong password.

  2. 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

  3. 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.

  4. 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.

buy algorand algo

Where to keep your ALGO

Sau khi mua xong algorand, bạn nên tìm cách bảo vệ nó. Phương pháp an toàn là sử dụng ví, thiết bị hoặc ứng dụng lưu trữ khóa cá nhân và khóa công khai mà bạn sẽ cần để thực hiện giao dịch. 

Bạn có thể sử dụng nhiều loại ví để giữ tài khoản kỹ thuật số của mình tài sản an toàn. Ví di động và ví dựa trên web giúp các giao dịch thường xuyên dễ dàng. Ví phần cứng phù hợp nhất để lưu trữ lâu dài và an toàn. Khi bạn đang chọn một ví tiền điện tử, hãy nghĩ về những gì bạn định làm với các token của mình. Một chiếc ví phù hợp nhất với nhu cầu của bạn luôn là sự lựa chọn đúng đắn.

Kraken is not a wallet service

Điều quan trọng cần lưu ý là Kraken là một dịch vụ trao đổi và không phải là một dịch vụ ví. Vì vậy, mặc dù chúng tôi cho phép khách hàng giữ tiền với chúng tôi trong khi chúng đang được sử dụng để thực hiện giao dịch, bạn có thể muốn xem xét việc tách khoản tiền nắm giữ của mình thành nhiều ví. Rốt cuộc, không bao giờ là tốt nếu giữ tất cả trứng của bạn trong một giỏ, thậm chí một quả được bảo vệ bởi Kraken hùng mạnh!

Note: Lưu ý: Điều này có nghĩa là bạn không thể kiếm được phần thưởng ALGO nếu bạn giữ tiền điện tử của mình trên Kraken và dựa vào đó để đảm bảo ví của bạn. Để biết thêm chi tiết về loại ví nào có thể giúp bạn tham gia vào quá trình này, hãy truy cập trang web chính thức của Algorand.

Start buying ALGO

If you’re ready to take the next step and want to buy some algorand, click the button below!