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Buy Algorand

algo
$0.2318
+0.30%

Global Rank

#44

Market Cap

$1.1B

24hr Volume

$43.7M

24hr Change

+0.30%

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Algorand

What is Algorand (ALGO)?

Algorand is the company behind the Algorand protocol, the world’s first open, permissionless, pure proof-of-stake blockchain protocol. Without the need for forking, the Algorand protocol provides the technology to enable an enterprise-level platform for Decentralised Finance (De-Fi), by supplying the necessary security, scalability, and decentralisation required for today’s lightning-fast global economy. Algorand seeks to expand use cases for cryptocurrency by accelerating transaction speeds and reducing the time it takes transactions to be finalised on the network. With block verification taking only seconds, Algorand’s transaction throughput is on par with the world’s largest payment service providers and financial networks. ALGO is the native token of Algorand and is used for many functions of the protocol, functionalities of the protocol, including voting on blocks and protocol upgrades. ALGO is distributed to everyone staking on the network with each new block.

How to Buy Algorand in New Zealand

  1. Signup for free
  2. Verify your account
  3. Deposit AUD instantly
  4. Buy ALGO

Frequently Asked Questions

Where is the best place to buy Algorand?

The best place to buy Algorand is right here at Swyftx! Swyftx offers a fast, secure, and user-friendly platform that allows traders to easily deposit Australian dollars to trade Bitcoin and other cryptocurrencies instantly. We offer competitive fees and excellent customer support and we are proud to be Australia's highest-rated crypto exchange as per our Trust Pilot Reviews.

Is Swyftx Safe to buy Algorand?

Yes, Swyftx is a safe and secure platform to buy and sell Algorand (ALGO). Swyftx employs a range of advanced security measures to protect user funds and personal information and has been awarded ISO27001 certification for information security.

Swyftx is a AUSTRAC registered exchange that conducts regular security audits and maintains strict compliance with Australian Anti-Money Laundering and Counter-Terrorism Financing Laws.

You can find more information on our security practices here.

How is the price of ALGO determined?

The price of ALGO is determined by the forces of supply and demand in the market. Similar to other assets, the price of Bitcoin is determined by the number of buyers and sellers in the market at any given time.

Some significant factors that can influence the demand for Bitcoin are adoption rates, Macro economic factors, News events, upgrades and advancements in its tech and investor sentiment.

What deposit methods does Swyftx support?

You can deposit Australian dollars (AUD) into Swyftx via a number of methods including:

  • Bank transfer
  • OSKO
  • PayID
  • POli
  • Credit or debit card

Swyftx also allows you to deposit cryptocurrency from another wallet into your account.

Can I buy Algorand with credit card?

Swyftx does not allow you to directly buy Algorand with credit card, however, we do support credit and debit card deposits. Once your deposit has arrived in your account, you can then buy ALGO instantly.

What are Swyftx's trading fees?

Swyftx has a trading fee of 0.6% for all buy and sell orders. In addition to the trading fee, Swyftx applies a spread to each cryptocurrency trade.

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Period: Last 24 hours

Latest Algorand News

ALGO Buys and Sells on Swyftx

By number of orders
Buys Sells

0% Period: Last 24 hours 0%

This should not be used to make investment decisions.

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Loving Swyftx. The most impressive thing I love is they answer my questions within an hour. Communication is the key!!!

Russell

When I had questions the team was really quick in getting back to me. They walked me through the problem and nothing was a hassle for them.

Khalil Bouabdullah

Safety crypto exchange in Australia

Wilson Scott

Excellent experience using easy to navigate for beginners no issues at all

AS

Had someone try to access my account from overseas, and the swyftx team were straight onto it. They put a hold on my account and then took me through ...

Dislcaimer: The information is for general information purposes only and should not be taken as investment advice, personal recommendation, or an offer of, or solicitation to, buy or sell any assets. It has been prepared without regard to any particular investment objectives or financial situation and does not purport to cover any legal or regulatory requirements. Customers are encouraged to do their own independent research and seek professional advice. Swyftx makes no representation and assumes no liability as to the accuracy or completeness of the content. Any references to past performance are not, and should not be taken as a reliable indicator of future results. Make sure you understand the risks involved in trading before committing any capital. Never risk more than you are prepared to lose. Consider our Terms of Use and Risk Disclosure Statement for more.