How to buy Algorand?
Buy Algorand securely
How to buy Algorand the simple, safe, smart way?
Step 1: Find a Algorand compatible hardware wallet.
Step 2: Buy Algorand on an Exchange services.
Step 3: Transfer your Algorand to your hardware wallet
Step 1/3
Buy a Ledger hardware wallet to securely store your Algorand
When you want to invest in crypto, 2 things really matter: security and ownership of your coins.
A hardware wallet is the best way to secure your crypto while managing it on your own – your crypto, totally accessible and secure.
Ledger Nano X
Our Bluetooth® hardware wallet lets you manage and protect all your crypto on the go, including Algorand.Learn more
Ledger Nano S
The world’s most popular hardware wallet to keep your favorite crypto safe, including Algorand.Learn more
Step 2/3
Buy Algorand through exchange services
Algorand can be purchased on crypto exchanges by using fiat currencies. These allow you to buy coins with euros, pounds, dollars, etc.
You can buy Algorand via Credit/Debit card or Bank Transfer directly on the exchange.
To buy Algorand on exchanges, you’ll first need to create and validate your account by giving some personal information data. Once approved by the exchange, you’ll be able to start buying Algorand.
Step 3/3
Transfer your Algorand to your hardware wallet.
Simply send your funds from your exchange to your Ledger hardware wallet. For that you’ll need to use the Ledger Live app: create a Algorand account and send your funds from your exchange to your newly created Algorand address.
Then your Algorand are secured, and you can check your balance, manage your Algorand and more than 1800 other assets directly from one single app. Securely.
Buy Algorand and store them with the leader in crypto security
Peace of mind
Crypto are sensitive assets and deserve the best security solution. Our hardware wallets let you take control of your assets, with the highest security standards.
Biggest crypto coverage
Our hardware wallets are compatible with more than 1500+ different assets, including Bitcoin, Ethereum, Ripple and many more.
User friendly
Easily migrate your funds from an exchange to your hardware wallet through Ledger Live or one of our third party wallet.
Why consider a hardware wallet when buying crypto
A Algorand wallet helps you protect your private key, not just storing your Algorand. If you are fairly new to cryptocurrencies you might still be struggling with the concept of private key and why it’s so important. Perhaps you just get into cryptocurrency by purchasing coins on an exchange platform but didn’t even realize that they hold the private keys to your cryptocurrency.
When you own cryptocurrencies, what you really own is a private key, a critical piece of information used to authorize outgoing transactions on the blockchain network. Holding the private keys gives you access to your crypto, like holding a pin code to your debit card; in short it gives you access to your funds.
« If you are keeping your crypto assets on an exchange, you are entrusting a third party with these private keys and mandating them to serve as a safeguard. »
Being a crypto investor requires taking security seriously and owning your private keys gives you much more power and control. The main principle behind hardware wallets is to provide full isolation between the private keys and your easy-to-hack computer or smartphone. The only people you can trust for storing your crypto assets is yourself.
What is Algorand (ALGO) ?
Algorand is an open source blockchain designed by Turing Award winner and MIT professor Silvio Micali. It launched in June 2019. Algorand (ALGO) aims to achieve all three challenges of blockchains today: security, scalability, and decentralization.
In Algorand’s consensus algorithm, called Pure Proof-of-Stake (PoS), the network ties its security to the honesty of the majority. Algorand makes any dishonesty impossible by a minority so any cheating by the majority would be foolish.
The consensus mechanism ensures full participation, protection, and speed within a truly decentralized network. With blocks finalized in seconds, Algorand’s transaction throughput is on par with large payment and financial networks.