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Buy Algorand (ALGO)

$0.00

0.00%

Buying price

AUD

ALGO

We charge 0.6% on all trades

Global Rank

Current global rank based on market cap.

Market Cap

The total value based on current price x supply.

24Volume

The total value traded in the past 24hrs.

All Time High (ATH)

The highest dollar value 1 has sold for.

Trade Activity

The % of buy and sell on Swyftx within past 24hrs.

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: credit/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 credit card?

Yes, Swyftx supports account deposits made with credit and debit card. In your Swyftx trading app, navigate to the deposit AUD tab and select the credit 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 credit 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.

Why use Swyftx to Buy Algorand?

How to buy
Algorand (ALGO)

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Lowest 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 authentification 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.

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What our customers' have to say

Excellent

2833 Reviews

Louise
The team at Swyftx were marvellous! They have a massive job in helping to safeguard the system from fraud. It was a big process and they didn't leave me until it was finalised and I had all the help I needed. Well done guys - I...
Bernard
The team at Swyftx is very helpful and understanding. I unknowingly made a mistake in my calculations and I was worried about my balances on the exchange. They walked me through the process to carry out the checks painlessly. Than...
Emily
Made a mistake and the Swyftx team was very helpful in sorting it out and giving me the info I needed to feel reassured!
Richard F
I was having trouble getting Verified and the Team helped me Out with it and got it Done ! I am very happy. Excellent Service . Thank you
Chris
An easy to use platform that educates and guides you through the trading process and has constant updates. Best on the market in Aus
Travis Wirth
Very easy to use, low fees and instant transactions. Also has really good security to make sure that you won't get hacked etc.
Martin
Swyftx makes trading crypto easy and straightforward. The transfers from AUD into my account are almost instant and I've found the support staff to be helpful and prompt if needed. All in all this is my go-to crypto exchange.
Murray MacColl
I am very much a beginner in the crypto mining and trading world and as a result created some pretty complex issues for the Swyftx team when trying to shift mined assets into their trading platform. What stood out a mile was the ...
Paul D
Simple, straightforward and easy to use. Highly recommend Swyftx as a crypto exchange platform. Customer service is on point too!
Maher Beydoun
I have been in crypto for years and have accounts with almost every exchange. I have never found an exchange that is always there to answer all your questions and that makes you feel comfortable and secure using the platform like ...

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, Limit & 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.

WANT TO TRADE ON THE GO?

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1300+ reviews
2000+ reviews