How to buy Algorand? ALGO
Buy Algorand at the most competitive rate
Earn 71.95% APY Algorand with Arbitrage Trading Bots
Ways to earn up to -38.65% passive income with your Algorand
Still wondering how to buy Algorand? Not sure where to buy Algorand with the best rate? In this complete guide, you’ll learn how to buy Algorand with fiat currency and smart ways to earn more ALGO using trading bot.
Create a free Pionex account on website or App
1. Register a Pionex account on website or download the App. 2. Pass the KYC verification. 3. Choose your prefer way to buy ALGO ⬇️
4 Different ways to buy ALGO on Pionex
Pionex offers the fatest and cheapest rate to buy Algorand, including credit card, debit card, bank wire, and ACH transfer. Some of these method are specifically for US citizens. You can choose the best way to buy Algorand on Pionex in your country.
A. Buy ALGO with credit card or debit card
You can buy Algorand by credit card or Apple pay instantly. If you’re a US citizen, you can use debit card to buy Algorand on Pionex instead. 1. After signing up a Pionex account, go to the “Buy Crypto with Credit Card” page. 2. Pionex now partnered with the top 3 licensed financial institution that provides a wide range of payment methods. Choose the best rate out of those options. 3. Enter the amount of Algorand you want to buy. 4. Input your credit card info and finish the order. 5. You’ll receive your Algorand instantly after the transaction verified.Use debit card to buy ALGO (instant. For US citizen)
B. Buy ALGO with Bank wire and ACH (US citizen only)
If you’re in the US, you can either use bank wire or ACH transfer to buy Algorand. With ACH, you can buy Algorand without any transaction fees. Here’s how you can buy Algorand with ACH: 1. After signing up a Pionex account, go to “USD Deposit” page. 2. Submit your bank account info under the ACH tranfer section. 3. Use your US bank and tranfer your money to the account that shows on the ACH transfer page on Pionex. 4. You’ll receive USD instantly and buy Algorand with your USD on Pionex.Bank wire from the US bank
How to sell ALGO on Pionex?
Pionex offers up to 500 different trading pairs for you to manage your coins. You can sell your ALGO coin to other coins or to US dollars on Pionex.
A. Sell ALGO to other coins
Pionex allows you to sell ALGO to other coins with swap or manual trade feature. The benefit to sell ALGO on Pionex is the extremely fee, which as low as 0.05%. (industrial average is 0.26%)
B. Sell ALGO to US dollars (US citizen)
You can sell ALGO on Pionex to US dollar and send the money back to your US bank.
More info about ALGO
Algorand is a blockchain founded in 2017 by Professor Silvio Micali, a computer scientist from MIT. Its mainnet went live in June 2019 along with the launch of its native cryptocurrency, ALGO. The blockchain aims to improve the scalability problems of older blockchains while supporting smart contracts. Algorand's blockchain is decentralized and public with a Pure Proof-of-Stake blockchain. You can also use Algorand to create customized layer-1 blockchains. The blockchain's Pure Proof of Stake consensus mechanism helps decentralize the power seen in traditional Proof of Stake models. Anyone who wants to take part and stakes (even small amounts) has the chance to be randomly selected as a validator or block proposer. ALGO is Algorand's native coin with a maximum total supply of 10 billion. The project aims to have the supply fully distributed by the end of 2030. You can earn ALGO by holding at least 1 ALGO in a non-custodial wallet. This occurs whenever a new block is successfully added, and you can expect roughly 5-8% APY. ALGO is a popular coin to hold for investors who want to make returns passively without needing to stake the coin. You can also use the coin to pay network transaction fees and staking when generating consensus.Buy Algorand
How to buy other coins
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More questions on buying Algorand?
- Should I buy ALGO and hold it for 3 years?
- Algorand price is observed for a significant surge as a bullish pattern has formed. Experts and some of the crypto analysis sites believed that Algorand will gradually grow up due to its potential and powerful development on the project. If you also look bright on Algorand, it is suggested to purchase some Algorand and hold it long until the price reaches the target you estimated.
- Can I buy an ALGO with Bitcoin?
- Yes, you can. If the exchange support ALGO/BTC trading pair, you can use Bitcoin to buy ALGO directly. Exchanges like Pionex, Binance, KuCoin, etc. are all supporting ALGO/BTC trading pair for investors to choose.
- Which wallet is best for Algorand?
- Ledger Nano S is widely accepted by crypto investors to restore their crypto assets, and most of the Algorand holders are using it as well. Other wallets such as Trezor Model T, Algorand Atomic Wallet, and Coinomi are popular wallets among the Algorand holders. You could choose the one which is suitable for your personal requirements, and keep your Algorand more secure.
- Should i sell your Cardano to buy Algorand?
- Cardano is a decentralized PoS blockchain platform that was founded in 2017. Algorand is also a blockchain that works in the PoS blockchain system. Both of them have their supporters and they believe a promising future is coming for these two projects. With the value of these two still in the early stages, they are expected the price to soar in the next bullish market.
- Is Algorand a better blockchain than Solana?
- Speaking of network efficiency, Solana can execute more than 60,000 transactions than Algorand in one second. From this aspect, Solana wins and shows a better solution compared to Algorand.