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How to buy Algorand (ALGO) in Canada

Learn how to buy Algorand (ALGO) easily by following a step-by-step guide and compare 10+ crypto exchanges.

Algorand
ALGO- USD
$0.96
+ $0.06 ( + 6.41%)
SMART-CONTRACTS

How to buy Algorand

Look for an exchange that supports both fiat and cryptocurrency to simplify buying Algorand.

  1. Open an account on an exchange that supports ALGO.
    Jump to our table to compare popular options — just remember that most exchanges require an email address, phone number and proof of ID to register.
  2. Deposit funds into your account.
    Fund your account with a bank transfer, pay with a credit or debit card or deposit cryptocurrency from a crypto wallet to buy Algorand.
  3. Buy Algorand.
    Complete your Algorand purchase and then find the best wallet to store ALGO.
Disclaimer: This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

What is Algorand?

Algorand, founded in 2017, says it’s a permissionless, public and decentralized blockchain. It’s similar to Bitcoin or Ethereum in this respect. It’s designed to serve as a base-level blockchain protocol on which other dapps can be built and smart contracts operated.

One thing that makes Algorand different is that it claims to be highly scalable, so it’s not prone to the same bottlenecks or fee issues that Bitcoin or Ethereum frequently are. It uses a proof-of-stake system that provides immediate transaction finality, which eliminates a lot of the forking problems of earlier blockchains.

Algorand (ALGO) is in the top 1,000 cryptocurrencies in the world by market cap, valued at $6,395,767,068. The current price of Algorand is $0.976335, which is 0.088% lower than yesterday. Prices have ranged between $1.01 and $0.880071 over the past 24 hours. All prices are listed in US dollars and accurate as of January 23, 2022 12:01 UTC.

Where to buy Algorand

Find an exchange to buy, sell and trade ALGO by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

Name Product Deposit methods Fiat Currencies Cryptocurrencies
Crypto.com App
Credit card, Cryptocurrency, PayPal, TransferWise, SEPA
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

214
cryptocurrencies

Buy 200+ cryptocurrencies, earn up to 14.5% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Changelly Crypto-to-Crypto Exchange
Credit card, Cryptocurrency
USD, GBP, EUR, CAD, MXN, HKD, RUB, NZD, SGD, JPY & 40+ more

156
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Gate.io Cryptocurrency Exchange
Cryptocurrency
USD, EUR, GBP, HKD, SGD, AUD, CHF, MXN

962
cryptocurrencies

Finder exclusive: New users get $90 worth of Gate.IO points and an airdrop of $5 in random tokens if trade volume exceeds $100 in their first week. T&Cs apply.
A feature-rich exchange with over 700 tokens including derivatives, yield farming and lending products.
Binance Cryptocurrency Exchange
Bank transfer (ACH)
USD, AUD, GBP, EUR, RUB, TRY, NGN, UAH, PHP, CZK & 20+ more

354
cryptocurrencies

New users earn up to USD $500 in bonus rewards on qualified deposits and trades. Valid until December 31, 2021. T&Cs apply.
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: As of September 2019, US-based users can only trade USD on the American dollar onramp of Binance, Binance.US.
UK residents: In addition to normal crypto trading services, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
CA residents: Binance is not currently available to Ontario-based users.
FTX Cryptocurrency Exchange
FTX Cryptocurrency Exchange
Credit card, Wire transfer, Silvergate Exchange Network (SEN), Signature SIGNET
USD,EUR,GBP,AUD,HKD,SGD,TRY,ZAR,CAD,CHF,BRL

241
cryptocurrencies

Sign up through Finder for a 5% discount on all trading fees. T&Cs apply.
FTX is an exchange built by traders for traders, with a range of derivatives markets such as options and futures with deep leverage, in addition to standard spot markets. Note: Not available for US customers.
KuCoin Cryptocurrency Exchange
KuCoin Cryptocurrency Exchange
Cryptocurrency, PayPal, Wire transfer, Credit or Debit Card, SEPA
USD, EUR, GBP, RUB, CNY, AUD, KRW, JPY, TRY, VND & 40+ more

495
cryptocurrencies

Finder exclusive: Sign up and use code 1xf56 for one month of VIP 1 benefits. Deposit/transfer more than 0.1 BTC to KuCoin within 7 days of registration for 1 month of VIP 2 benefits. T&Cs apply.
Browse a variety of coin offerings in one of the largest multi-cryptocurrency exchanges and pay in cryptocurrency.
Coinbase Digital Currency Exchange
Bank transfer (ACH)
USD, EUR, GBP, CAD, MXN, HRK, CZK, DKK, CLP, BGN & 10+ more

82
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
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Algorand at a glance

Information last updated January 23, 2022 12:01 UTC.
Coin symbol ALGO
Coin Marketcap US$6,395,767,068
Total ALGO supply 6,971,410,823
Circulating ALGO 6,530,268,876
Current price US$0.976335

Algorand price performance over time

Historical prices compared with the price of US$0.976335.

1 hour 13.10%
24 hours 0.09%
7 days -1.21%
14 days 9.92%
30 days -29.37%
60 days -29.67%
200 days -33.51%
1 year -46.87%

How to sell Algorand

You can cash out your ALGO with the same exchange you bought it through:

  1. Sign in to the exchange you have ALGO on.
    If you store your Algorand in a digital wallet, compare crypto exchanges to sell it on.
  2. Place a sell order.
    Choose the amount of ALGO you'd like to sell.
  3. Complete your transaction.
    Confirm the sell price and fees and close your sale of Algorand.

What to consider when buying Algorand

There are risks involved in purchasing any cryptocurrency, and even though ALGO aims to offer more assurances through its money-back and Dutch auction system, it still carries many of the same risks as any other cryptocurrency, including a complete loss of funds in the event of hacking or other misadventure:
  • The prevalence of protocol-level blockchain tokens. There are a lot of base-level blockchain protocols out there, and Algorand is operating in an extremely competitive area.
  • Complications. The Algorand system is complex, and there may be issues with bugs or other errors down the line.
  • Regulatory issues. As a public, permissionless blockchain protocol, Algorand occupies something of a regulatory gray area, and it may be unpredictably affected by regulatory shifts.
  • User participation. Algorand emphasizes user participation, but this might be lacking if everyone is only interested in it for speculation.

Disclaimer: Cryptocurrencies, including Algorand, are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance of ALGO is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the Algorand or any other cryptocurrency discussed.


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