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How to Buy Algorand: Best Ways to Buy ALGO in 2022

By Cody V. 5 min read

If you're merely looking for ways to buy Algorand (ALGO) or you want to invest in a variety of coins, it is not nearly as difficult as it appears at first glance. You could make your ALGO purchase safely by following a few simple steps. There are several platforms through which to purchase Algorand. The most popular alternatives include cryptocurrency exchanges. You'll be able to choose the best one for you once you've learned more about them. Let’s dive into it to learn more about the process.

Where to buy Algorand

Below are the popular crypto exchanges based on user experience,security,fee structure and supported coin, that you can use to purchase Algorand (ALGO) in 2022.

Before moving forward i want to make it clear that the ranking of these exchanges are in no particular order. With that in mind - Let’s explore these crypto platforms one by one so that you can select the best cryptocurrency exchange to buying your Algorand.

1. Binance

Binance is well-known for its cryptocurrency-to-cryptocurrency trading services. Binance came onto the scene during the 2017 crypto craze and has since risen to become the world's leading cryptocurrency exchange. 

By trading volume, Binance is the world's largest online cryptocurrency exchange. The exchange is also one of the most rapidly growing venues in the cryptocurrency market today. You can easily buy and sell Algorand (ALGO) using our step by step guide.

The exchange offers investors one of the most diverse selections of cryptos accessible on the market today. The currencies and tokens on sale range from the markets largest by market cap to some smaller and less well-known coins and tokens.

Getting Started with Binance

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward, and you do not need to verify your account for level 1, which has a daily withdrawal limit of 2BTC.

For level 2, which enables up to 100BTC every day, you must upload a picture ID and wait for approval. There are still greater restrictions, but you must contact them personally to arrange for them.

Follow the steps below to open a Binance account:

Step 1: Visit the Binance Website

Step 2: Click on the “Register” option in the upper right-hand corner and complete the relevant information. Binance will validate your account details throughout the registration process, which may take a few minutes.

Step 3: Enable 2-Factor Authentication.

Step 4: Select and Link you payment Methods.

Step 5: Deposit and Start trading.

How to buy Algorand on Binance

Binance has a rich collection of tools and dashboards that might be overwhelming. Its Buy Crypto page makes it easy to cut through the confusion and conduct straightforward transactions. It has a simple interface where you can buy, sell, or convert cryptocurrency.

1. Login to your Binance account and on the homepage click on the “Buy Crypto “Button.

2. You can purchase Algorand (ALGO) using a variety of fiat currencies. Enter the amount of fiat money you wish to spend, and the system will calculate the amount of Algorand you can acquire.

3. Select the payment method and fill the required information than Continue.

4. Please double-check the payment information and costs, and complete your purchase within 1 minute, otherwise the amount of Algorand you may get will be adjusted depending on the current market price. 

5. You'll be taken to your bank's OTP Transaction Page. To validate the payment, follow the on-screen instructions. Following that, you will be able to see the acquired ALGO in your Binance Spot Wallet immediately.


2. OKX

OKX crypto exchange, founded in 2017 and headquartered in the Seychelles, is a prominent cryptocurrency exchange that uses blockchain technology to provide clients with a diverse range of trading goods. Hundreds of tokens are available to clients in over 200 countries and you can easily purchase Algorand (ALGO) using our step by step.

It allow users to purchase, sell, and swap multiple supported assets. It also allows you to lend and borrow specific coins, as well as join proof-of-work mining pools and earn crypto as a miner. OKX presently offers over 100 cryptocurrencies, as well as over 400 crypto trading pairings.

According to CoinMarketCap, OKX is now one of the top 20 cryptocurrency exchanges in the world by trading volume, and it has a global presence.

OKX Features

OKX cryptocurrency exchange is one of the most popular and functional tools for full-fledged work with digital assets today. The platform provides a remarkable collection of currencies, intriguing alternatives, speedy withdrawals, and a high level of system security.

  1. OKX is a major cryptocurrency trading platform with a one-stop shop.
  2. It is user-friendly and offers an easy-to-use interface.
  3. This platform is suitable for both novice and experienced traders.
  4. OKEx accepts 30 fiat currencies, including the US dollar, the Chinese Yuan, the euro, and others.
  5. It accepts 17 payment methods, including VISA, MasterCard, and others, for acquiring cryptocurrency.
  6. OKX's fiat gateway allows customers to purchase crypto for as little as 0% in transaction fees.
  7. The spot trading function offers an order book with great liquidity and low spreads.
  8. On the perpetual swap and future markets, users may trade cryptocurrency with up to 100x leverage.
  9. It prioritizes security and employs offline cold storage methods.
  10. The OKX app is also available for phones running Android and iOS.
  11. Other apps, such as referral and affiliate, reward users for referring new members to this site.
  12. The support system is extremely efficient and can be accessed in a variety of languages.

Getting Started with OKX

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with OKX by following the easy steps outlined below.

Step 1: Go to OKX official website and click the Sign up button.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

Step 6: When you first use the OKEx platform as a newly registered user, you will be able to select whether you are new or experienced in bitcoin trading.

How to buy Algorand on OKX

Follow our step by step guide below to start buying Algorand (ALGO) on OkX Exchange:

1. Log in to your OKX Account.

2. Under the "Buy" tab, choose the fiat currency you wish to use and Algorand from the dropdown menu. Then, enter the amount of fiat cash you wish to spend or Algorand (ALGO) you want to purchase.

3. Select your desired mode of payment (Credit Card, Bank Transfer or Crypto).

4. Your bought Algorand will be instantly deposited to your OKX account after payment is completed.


3. Coinbase Exchange

Coinbase was established in 2012 as a platform for sending and receiving Bitcoin. The firm has expanded to accommodate dozens of distinct cryptocurrencies and now employs over 2,700 people globally. Coinbase is a decentralised organization with no central offices. You can easily buy and sell Algorand (ALGO) on Coinbase Exchange using our step by step guide.

The exchange has users in over 100 countries, and clients exchange over $327 billion every quarter. Coinbase oversees a thriving bitcoin ecosystem that serves 9,000 financial institutions.

It has two distinct trading platforms, as well as a separate bitcoin wallet service. You're likely to find all you need to create and manage a bitcoin portfolio or trading plan among the Coinbase offerings.

Getting Started with Coinbase Exchange

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward. You can open an account with Coinbase by following the easy steps outlined below.

Step 1: Go to Coinbase official website and click the Get Started button in the top right corner of the webpage.

Step 2: Enter your personal information and email with a secure password.

Step 3: Click the create account button after checking the box at the bottom of the form.

Step 4: Verify your supplied email address by clicking on the verification link that was delivered to your inbox.

Step 5: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 6: Enter the code that was delivered to your mobile device and click the Verify button. If you haven't received a code, select the Resend code option.

How to buy Algorand on Coinbase Exchange

Follow our step by step guide below to start buying Algorand (ALGO) on Coinbase Exchange:

1. Log in to your Coinbase account.

2. On the upper right-hand side, click Buy / Sell.

3. Select Algorand from the list of cryptocurrencies and click the Buy button.

4. Enter the amount you want to buy in ALGO or your local money.

5. Choose a payment method (Credit card, Bank Transfer or Crypto).

6. To confirm your purchase, click Preview Buy (you can always click the back arrow to make a change).

7. If all of the information is accurate, click Buy to complete your transaction.


4. Huobi Global

Huobi is one of the world's major cryptocurrency trading platforms, originally located in Beijing but now headquartered in Singapore. The exchange accepts both ICO tokens, cryptocurrencies and highlights the Blockchain economy's future development.

This Exchange has incredible features that appeal to global investors, such as derivative trading. It is a Huobi Global feature that allows you to trade in both futures and swap markets. This function truly assists exchange users in maximizing their earning potential.

Huobi Global is regarded as a secure and trustworthy platform for purchasing, trading, storing, earning, and selling 348 digital currencies. Tens of millions of consumers in more than 195 countries utilize the exchange, which accepts over 60 payment options for converting cash to cryptocurrency.

Getting Started with Huobi Global

To create an account on Huobi Global Exchange follow these steps:

Step 1: Go to the official website and On the top right of the page, click "Sign up."

Step 2: Choose "Country," enter your mobile phone number in the "Phone" field, create a password, and then click "register."

Step 3: To complete registration, enter the verification code.

Step 4: To finish the KYC verification procedure and unlock larger withdrawal limits.

How to buy Algorand on Huobi Global

Follow the steps below to buy Algorand (ALGO) on Huobi Global: First and foremost, please ensure that you have sufficient USDT assets in your balance.

1. Visit Huobi global website. On the home page, select Algorand, and then on the next page, click "Buy Crypto"

2. Within 45 seconds, enter the entire amount of money you want to spend or the total number of ALGO you wish to acquire. Then, choose "Order." Next, select a payment option and transfer funds straight to the seller using the information given.

3. Then, using the payment option you selected, transmit the complete amount of money within the time period specified. Following payment completion, please click "Paid".

4. If all of the information is accurate, "Confirm" to confirm that you have finished the payment.


5. KuCoin

KuCoin is a cryptocurrency exchange based in the Seychelles. The service provided by KuCoin cryptocurrency exchange is not limited to buying and selling crypto tokens or exchanging crypto tokens for Altcoins or fiat currencies. Furthermore, KuCoin's cryptocurrency loan service at unique interest rates varies from the rest of the world's crypto exchanges.

The platform is straightforward and simple to use. It is organized into stages for simple registration, following which one may begin trading. The number of cryptocurrencies and fiat currencies supported is extremely astounding. Furthermore, KuCoin provides 10x leverage for margin transactions, making it a popular exchange for passive profits.

KuCoin, being a crypto exchange with a global reach, is a practical choice that is accessible from most countries. Nonetheless, because KuCoin is a non-US-based exchange, US persons over the FBAR threshold must disclose it in FBAR filings.

Getting Started with KuCoin

Users must first create an account in order to utilize the exchange. The procedure is quite quick and straightforward.

You can open an account with KuCoin by following the easy steps outlined below.

Step 1: To begin, go to the platform's main website.

Step 2: Then, to access the registration form, click the "Sign Up" option.

Step 3: Fill your required information. Verify your supplied email address or Phone Number by clicking on the verification link that was delivered to your inbox.

Step 4: You must provide your cellphone number with the country code to complete the two-step verification process.

Step 5: Now the Account has been created.

KuCoin Pros

  • There are almost 200 cryptocurrencies supported.
  • There are several payment options.
  • Allows for the conversion of money to cryptocurrency and vice versa.
  • Downloading mobile apps for Android and iOS devices is simple.
  • Micro withdrawal wallets are now available.
  • Trading commission is rather minimal.

KuCoin Cons

  • Expensive costs when purchasing cryptocurrency with fiat currency (3 percent -12 percent).
  • Fiat currency cannot be withdrawn.

How to buy Algorand on KuCoin

Do you want to know how to buy crypto on KuCoin? This is also really simple. Follow the steps below to buy Algorand (ALGO) on Kucoin:

1.  Login to your newly created Kucoin Account, go to the Buy Crypto tab from the main menu.

2. After that, you must look for Algorand to purchase. To do so, type (ALGO) or (Algorand) into the search box on the right side of the page.

3. KuCoin will then provide all of the possible trading pairs for the Algorand.

4. Enter the amount  of ALGO you want to buy in crypto or your local money.

5. Choose a payment method (Credit Card ).

6. To confirm your purchase, click Preview Buy

7. If all of the information is accurate, click Buy to complete your transaction.


Other Exchanges to buy Algorand

Aside from using above popular platforms, there are variety of smaller cryptocurrency exchanges where you can buy ALGO.

1. FMFW.io Join Now
2. HitBTC Join Now
3. Hotbit Join Now
4. Bitrue Join Now
5. Crypto.com Exchange Join Now
6. LBank Join Now
7. EXMO Join Now
8. Binance US Join Now
9. Bitfinex Join Now
10. Bithumb Join Now


Conclusion

Choosing the best cryptocurrency platform for Algorand (ALGO) might be a difficult task, there are various factors that one should consider before selecting a crypto exchange. These include the fees structure, security, exchange features, and whether it is based on fiat or crypto.
Remember, once you have shortlisted some exchanges, do your research on each of them to identify the most appropriate for you.




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