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ALGO

How to buy Algorand (ALGO)

With Bitpanda, you can buy Algorand (ALGO) easily, quickly and securely and hold it in your ALGO wallet.

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Sign up to Bitpanda

Create a Bitpanda account and confirm your email address.

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Verify and deposit funds

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

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Start buying and selling Algorand

You’re all set! Start buying Bitcoin and over 50 more digital assets.

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. Find out more about Algorand (ALGO) on their official website.

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Algorand was founded by Silvio Micali, the founder of many foundation protocols of modern cryptography, in 2017

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Algorand’s consensus model is permissionless and pure proof-of-stake

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Algorand is the first blockchain to provide immediate transaction finality

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Algorand's "stateful smart contracts" run on the blockchain's base layer alongside features including Algorand Standard Assets and atomic transfers

Why you should choose Bitpanda

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Easy and convenient trading platform for new and experienced users

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Secure, safe and free wallet service included

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Fast and reliable, available 24 hours a day, 7 days a week

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Over 50 digital assets, including Bitcoin, Ethereum, Ripple and more

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European company, founded in 2014 in Vienna, Austria

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Multiple fiat currencies, including euro, Swiss franc, British pound, US dollar and Turkish lira