Buy Algorand (ALGO)

24hr week month year all

$0.00

0.00%

AUD

ALGO

Buy ALGO

We charge a trading fee of 0.6% on all trades along with the spread

Global Rank

#0

Market Cap

$0.00

24hr Volume

$0.00

24hr Change

0.00%

What is Algorand?

Algorand is a blockchain-based network that aims to solve the trilemma of achieving security, speed and decentralisation all at once. 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.

Algorand’s native cryptocurrency, ALGO, forms the foundation of the network structure. ALGO coin allows participants to enter the blockchain and participate in voting on the protocol, proportionate to their holdings.

The Algorand foundation was created on the vision of inclusivity, and providing the means of a borderless economy. Algorand is currently in the top 50 biggest cryptocurrencies by market cap. Sign up to the Swyftx crypto exchange to buy Algorand (ALGO) today.

How to buy Algorand in Australia?

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 2 minutes to complete.

When your account has been verified, you can then deposit funds into your account via one of the following payment methods: debit card, POLi, PayID, bank transfer. Once the funds have successfully landed in your account, you can trade Algorand coin and other crypto assets listed on the Swyftx exchange.

What makes Algorand unique?

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 designed to be a blockchain platform that focuses on near-instant transaction finality. This means processing over 1,000 transactions per second and having those transactions finalised in less than 4 seconds.

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.

Frequently Asked Questions

Can I buy ALGO with debit card?

Yes, Swyftx supports account deposits made with debit cards. In your Swyftx trading app, navigate to the deposit AUD tab and select the debit card option. You’ll then be redirected to our payment provider, Banxa, where you can transact money from your account into your Swyftx account via debit card. Swyftx also supports account deposits made via bank account transfer, POLi and PayID.

Is buying Algorand with Swyftx safe?

We consider account security our top priority. When users sign up to Swyftx to buy and sell Algorand and other digital assets, it’s our duty to ensure that they can comfortably trade crypto in a safe environment. We have a robust security framework with a number of advanced security features in place to ensure that our user’s funds are safe. Security features include two-factor authentication (2FA), biometric security, breached password detection, session expiry and much more.

Can I buy Algorand with Bitcoin?

Yes, our swap feature allows you to buy ALGO with Bitcoin and vice versa. Swap saves you the hassle of converting your Bitcoin into fiat currency first.

Where can I store ALGO?

All units of cryptocurrency (including ALGO) is stored in digital wallets. A digital wallet allows you to send, receive and store cryptocurrencies. When you buy ALGO on the Swyftx trading platform, it will automatically be stored in the wallet that is integrated with your account. You can withdraw your ALGO and send it to an external wallet if you wish to do so.

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Why use Swyftx to Buy Algorand?

How to buy
Algorand (ALGO)

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Low Fees

When Swyftx users buy, sell and trade ALGO in Australia, they are getting cheaper fees and spreads than our closest competitors.

Instant Verification

Start trading digital assets in less than 2 minutes thanks to our instant identity verification and deposits.

Secure Accounts

Swyftx secures users accounts with features such as two-factor authentication and breached password detection.

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Risk free demo mode

Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.

Rated 4.8 out of 5 based on 1960 reviews

Excellent

3970 Reviews

Ash

Really easy to follow online with trailered support when you need it

Saffa Stacker

Easy to use app, low fees and in my opinion very secure.

Amanda Quartermaine

The site is easy to use, even for the novice, there are real people to talk to if you run into any problems and it's an Australian site.

Scott Hunter

Simple to use, and because I was new to crypto the live chat was and is invaluable

Mathew Lindner

Great customer service, very easy to deal with. Easy to use platform, and everything is clearly shown so you know what to expect.

Craig Wright

Good stuff. Very fast online help. available on both web browser and mobile app. you can see all fees up front. Bad Stuff. web browser logs you out very, very often. I have to sign in maybe 20-50 times a day :( browser wont let m...

Paul

Easy to use, intuitive UI

Song

I have been with swyftx for a number of years and I like that it is a reliable crypto exchange. I have had recent queries and when I contacted them, they had gotten back to me promptly and was very helpful

Mads

Kurt's quality of customer service is always very prompt, thorough and I always recommend Swyftfx in any relevant conversation due to the quality of customer serviced I received when dealing with Kurt... And Malek! Super thorough!

Nicholas Howitt-Steven

Simole to use and support is great. Issues dealt with in a more then timely fasion. Love Swyftx and their team.

OUR TOP FEATURES

Why choose Swyftx?

AUD Deposit and Withdrawals

Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi

Recurring Orders

Automate your crypto investments.Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.

Stop, On Trigger & Market Orders

Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.

Advanced 2FA & Password Security

Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.

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