How to Buy Algorand (ALGO)

A Step-by-Step-Guide on how to buy Algorand (ALGO)

You receive the 10$ sign up bonus when you start a sell or buy of $100 USD or more within 180 days of opening your account. It can also be 100 US Dollar equivalent of your domestic currency and the amount can be a cumulative $100, so it can happen over multiple purchases.

Also: you only receive the bonus when you make an account with the Coinbase Promo Code Link from this site!

Step 1 – Sign up for a Coinbase account and receive 10 Dollar Bonus in Bitcoin

Use the following link and join at Coinbase.

Provide an email address, choose a username, and select a strong, secure password.

The infrastructure and webpage of Coinbase is fast and secure, so you're personal data is kept safe.

Step 2 – Transfer Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange

Your Bitcoin or Ethereum will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Algorand (ALGO) is accessible on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Exchange? (Just follow these easy steps)

Make sure you've chosen the exact coin you wish to deposit.

BTC must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, et cetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our manual).

Step 3 – Find (ALGO) Algorand

Once your deposit has been approved, you will directly have access to your finances and you can start purchasing and trading. To purchase Algorand (ALGO) on Binance, you will want to hover over the “Exchange” tab and then click on “Basic”.

To find (ALGO) Algorand, you will need to insert the shortname of the coin (ALGO) into the search box, which is marked in the image. Make sure you have choosen the correct pairing, we've highlighted this also. Click on “ALGO/BTC” to go ahead.

Step 4 – Purchase Algorand (ALGO)

After you have discovered Algorand (ALGO), you will be given a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to make our Limit Order.

The “Price” field will be filled with the most recent rate Algorand (ALGO) was sold for. You can change this to your preferred price. The “Amount” field is the quantity of ALGO you wish to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the whole quantity of ALGO.

When you are happy, make a mouse click on “Buy ALGO”. Your plan will be filled as soon as a Vendor trades their ALGO for the price you gave.

Step 5 – Withdraw (ALGO) Algorand

Unless you are trading, best advise is not to keep your coins on an Crypto Trader for an extensive time period. To take off your (ALGO) Algorand, hover over the tab called “Funds” and mouse click on “Withdraw”. (ALGO) Algorand can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find (ALGO) Algorand by using the given drop-down box. Enter the volumen of (ALGO) Algorand you would like to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address.

When you are happy, make a mouse click on “Submit”. You could be requested for phone/email verification ahead of a take off.

Congratulations! You have successfully bought and safed Algorand (ALGO).

That's it!

Take offs from Crypto Exchange can durate anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the Algorand (ALGO) is stored inside your wallet, you're done.

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