The Algorand protocol is an open source software, aimed to fit the global blockchain technology requirements via a Proof of Stake nature. Distinguishing features of the Algorand ecosystem is fast transaction times, low costs, decentralised consensus and governance, no network forks.
The native currency ALGO, will allow participants to enter the blockchain and initiate in voting rights, proportionate to the holdings.
The Alogrand foundation was created on the vision of inclusivity, and providing the means of a borderless economy. Login to your Swyftx account to buy Algorand today.
If you are looking to buy Algorand (ALGO) in Australia, sign up to a registered cryptocurrency exchange like Swyftx. To create your account, provide your name, email address and phone number and create a secure password. once your account has been created, the next step is to verify your ID. This can be done by submitting a photo of your government-issued photo ID (i.e. drivers license or passport). This typically takes no longer than 3 minutes. When your account has been verified, you can then deposit AUD into your account via one of the following payment methods: credit/debit card, POLi, PayID, bank transfer. Once the funds have successfully landed in your account, you can buy Algorand coin and other digital assets listed on the Swyftx exchange.
Algorand was invented for the purpose of speeding up transactions speeds and efficiency. This is largely in response to the slower transactions times shown by Bitcoin, and other large blockchain projects. Algorand is based on a permissionless proof-of-stake (PoS) blockchain protocol, meaning that there is no mining and therefore having a less energy-intensive process.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees when you buy Algorand, than our closest competitors.
Verify online instantly without uploading documents and deposit AUD to start Algorand trading in less than 2 minutes.
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Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
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