Bitpanda

Buy Algorand (algo)

Buying Algorand on Europe’s leading retail broker for buying and selling digital assets is easy, fast and secure.

Get started

Algorand

How to buy Algorand

With Bitpanda, you can buy Algorand easily, quickly and securely.
1

Sign up to Bitpanda

Create a Bitpanda account and confirm your email address.

2

Verify and deposit funds

Confirm your identity with one of our trusted verification partners and deposit funds.

3

Start buying Algorand

You’re all set! Start buying Algorand and over 2,500 other digital assets.

Buy Algorand now

About Algorand (ALGO)

Algorand is a decentralised, scalable and “forkless” open-source blockchain project aiming to solve the “trilemma” of high security, high speed and low cost. Algorand has the objective of enabling "frictionless finance" across borders. The Algorand network runs on a pure-proof-of-stake (Pure PoS) consensus mechanism. New blocks are finalised within seconds during two phases with the participation of users depending on their stake in the network. ALGO is Algorand’s native token and can be used to pay DApp computations, staking and earning in the Algorand network and also for transaction fees.

Algorand market stats

Daily high
Daily low
52W High
52W Low
Volatility (1M)
Market cap


Explore other cryptocurrencies

Based on market capitalization

Largest market cap

bitcoin logo Bitcoin

ethereum logo Ethereum

tether logo Tether

usd-coin logo USD Coin

binance-coin logo Binance Coin

Similar market cap

near-protocol logo NEAR Protocol

stellar logo Stellar

bitcoin-cash logo Bitcoin Cash

flow logo Flow

filecoin logo Filecoin

Smallest market cap

siacoin logo Siacoin

vethor-token logo VeThor Token

moviebloc logo MovieBloc

troy logo TROY

digitalbits logo DigitalBits

FAQs

  • Is it safe to buy cryptocurrencies?

    The money you put into cryptocurrencies is not safe from value fluctuations. Cryptocurrencies are always a volatile investment. There are, however, ways to select an investment platform that will keep your investments safe. You want to look for a platform that operates in a safe and regulated environment with an experienced team. The platform should provide sufficient liquidity, reasonable volumes and employ state-of-the-art technology and safety while offering customers an easy-to-use, intuitive interface. You also want the platform of your choice to support fiat currencies as well as cryptocurrencies.

  • Is Bitpanda regulated?

    Yes. Bitpanda Payments is a subsidiary of Bitpanda and is a licensed payment service provider under PSD II/ZaDiG 2018 and is based in Austria. It is supervised by the Austrian Financial Market Authority (FMA).

  • What’s the difference between a coin and a token?

    Tokens have wider functionality than crypto coins. Coins are native to their own blockchain, like Bitcoin, and are used as a form of digital money. Tokens, on the other hand, are often built on an existing blockchain and are used for a wide variety of functions, like fuelling applications, payment for validating transactions etc.

  • What’s the difference between cryptocurrencies and fiat money?

    There is no physical BTC token so you can think of Bitcoin as digital money. Bitcoin transactions are fully transparent and can’t be censored. You can send money to anyone in the world with ease. It’s a financial system backed by thousands of computers around the world, instead of a single central bank or government. “Fiat money," on the other hand is legal money issued by a state authority without intrinsic internal value. It serves as a medium of exchange and is the opposite of commodity money like silver or gold.

Bitpanda Visa Debit Card

Introducing the Bitpanda Card - Order today

Learn more

The website uses cookies.

We use cookies to optimize our services. The information we collect is used by us as part of our EU-wide activities. Cookie policy
Cookie settings
  • Essential cookies

    Always active

    As the name would suggest, some cookies on our website are essential. They are necessary to remember your settings when using Bitpanda, (such as privacy or language settings), to protect the platform from attacks, or simply to stay logged in after you originally log in. You have the option to refuse, block or delete them, but this will significantly affect your experience using the website and not all our services will be available to you.

  • Performance cookies
    Active Inactive

    We use such cookies and similar technologies to collect information as users browse our website to help us better understand how it is used and then improve our services accordingly. It also helps us measure the overall performance of our website. We receive the date that this generates on an aggregated and anonymous basis. Blocking these cookies and tools does not affect the way our services work, but it does make it much harder for us to improve your experience.

  • Advertisement cookies
    Active Inactive

    These cookies are used to provide you with adverts relevant to Bitpanda. The tools for this are usually provided by third parties. With the help of these cookies and such third parties, we can ensure for example, that you don’t see the same ad more than once and that the advertisements are tailored to your interests. We can also use these technologies to measure the success of our marketing campaigns. Blocking these cookies and similar technologies does not generally affect the way our services work. Please note, however, that while you’ll still see advertisements about Bitpanda on websites, the adverts will no longer be personalised for you.

Settings