What are Algorand and ALGO?
Algorand is a blockchain network, and ALGO is the native token of the Algorand blockchain.
ALGO is used across the Algorand ecosystem, including for transaction fees, sending and receiving funds, purchases, decentralized finance (DeFi) and governance participation.
How to buy Algorand in the US
In the Crypto.com App, the core flow is:
- Sign up and verify your identity.
- Top up your account.
- Open the trading screen, choose Algorand and complete your purchase.
You can start with as little as US$1.
How can you fund an ALGO purchase?
You can fund your account with a bank transfer, debit or credit card, Apple Pay, Google Pay, PayPal or a crypto deposit from another wallet. Bank transfer options include ACH and wire.
If you deposit ALGO from an external wallet, use the deposit address shown in the App and check the App’s Transfer Menu for supported asset and network options. Any deposits through unsupported chains cannot be credited or refunded. Algorand (ALGO) deposits require one blockchain confirmation before the deposit appears in the App.
What fees and minimums apply to buying ALGO?
The minimum amount required to buy Algorand on Crypto.com is low: You can start with as little as US$1.
Crypto.com may charge an admin fee when you buy ALGO. Fees are assessed at purchase and may depend on market conditions, promotional periods, volatility and liquidity.
The applicable admin fee appears in the trade preview screen before you submit the transaction. Your card issuer may also charge fees for international transactions or certain merchant category codes, so check your card terms before using a card.