How to Buy Algorand (ALGO)

A Step-by-Step-Guide on how to buy Algorand (ALGO)

Step 1 – Signup to Kraken

You will first need to purchase one of the bigger currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for any other Cryptocurrency. Click below to register and to get Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – {Send} Your {ETH (Ethereum) or BTC (Bitcoin)} to an {Exchange}

Your {ETH (Ethereum) or BTC (Bitcoin)} {has} to be sent over to an {Crypto Trader} now. {Every exchange has} a deposit form that is {similar}. Algorand (ALGO) is {accessible} on Binance, so {we will} use that as an {illustration}. {Unsure} on how to send {Coinbase funds} to an {Crypto Trader}? ({Follow} {this guide})

Make sure {you've} {selected} the {right} coin you {want} to deposit.

{Bitcoin} must be sent to a {BTC} deposit address, {ETH} to an {Ethereum} deposit address, {etc}. {If} {you are} {working with} a decentralized exchange, {such as} Airswap or DDEX could be {opposed} ({Follow} {our guide}).

Step 3 – {Find} Algorand (ALGO)

{As soon as} your deposit has been {verified}, {you will} {immediately} have access to your {assets} and you can {launch} {invest} and trading. To {purchase} Algorand (ALGO) on Binance, {you'll} want to {go to} the {tab which is called “Exchange”} and{ after that} {click} on “Basic”.

{To} {find} Algorand (ALGO), {you'll} need to {put} the {cointype} (ALGO) into the {search box}, which is {marked} in the {graphic}. {Make sure you have} {choosen} the {correct} {grouping}, {we've} {highlighted} this {also}. Click on “ALGO/BTC” to {continue}.

Binance Hot To Buy Algorand (ALGO)
Binance How to Buy (ALGO) Algorand
Step 4 – {Purchasing} Algorand (ALGO)

{After} {you have} {found} Algorand (ALGO), {you will} be {presented with} a {Price Chart} (in the Center of the {image}) and {some} Order Books ({on the Left} of the {picture}). {Next} {we're} {going to make} our{} Limit Order.

The {”Price” field} will be {filled} with the{} {latest} {rate} Algorand (ALGO) was {traded} for. {You can change this} to your {preferred} {price}. The {”Amount” field} is the {volumen} of ALGO you {want} to {buy}. The {”Total” field} is the {total} price in {BTC} that {you'll} {settle} for the {whole} {quantity} of ALGO.

{When} {you're} {satisfied}, {click} on “Buy ALGO”. Your {plan} will be filled {as soon as} a {Vender} {trades} their ALGO for the price you {offered}.

Step 5 – Withdraw Algorand (ALGO)

Unless {you are}{ frequently} trading, {best advise is not to keep} {crypto coins} on an {Exchange} for an {extensive} {period of time}. {To} {withdraw} your Algorand (ALGO), {go to} the {”Funds” tab} and {click} on “Withdraw”. Algorand (ALGO) can be {stored securely} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Algorand (ALGO) by using the {provided} drop-down box. {Enter} the {amount} of Algorand (ALGO) {you would} {like} to {take off}. {Take into account} the {displayed} {fees/minimums}. Also make sure you have {filled} your {precise} withdraw address.

{When} {you are} {satisfied}, {click} “Submit”. You {may} be {asked} for {phone/email verification} {before} a {take off}.

Binance Withdraw

{Kudos}! {You've} successfully {bought} and {safed} Algorand (ALGO).

That's it!

{Withdrawals} from {Exchange} can {take} {between} 1 – 30 minutes ({rely} on {network usage}). {As soon as} {you've} {proved} your {take off} {with} {Etherscan.io or Ethplorer.io} and the (ALGO) Algorand is {stored} {inside} your wallet, {you are} {all done}.

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