Sign In
Sign Up
DeFinda Logo
Find & Compare DeFi Products
usd logo USD
Home Cryptocurrencies Algorand

Algorand logo Algorand (ALGO)

Buy
Algorand

Algo is the native cryptocurrency of Algorand Blockchain. Algorand blockchain is open-source and decentralized. Algorand Blockchain has its unique consensus mechanism with a two-tiered structure based on proof of stake. Algorand was created by MIT professor Silvio Micali and launched in 2019. Algorand aims to solve blockchain trilemma with ultra-fast transactions with high security. Algo is a promising coin focused on payment network functionality.

With a total market cap of over $2.55 billion, Algorand is the No. 31 cryptocurrency by market size. The currency symbol for Algorand is ALGO. There will only ever be 10 billion Algorand tokens issued. So far 6.95 billion tokens (69.5% of the total supply) have been issued. We found savings accounts offering up to 5% APR on Algorand deposits and loans as low as 8% APR against Algorand used as collateral. Check out our Algorand savings rates table and Algorand loan rates table for further details.

Buy Algorand

Algorand Price History

Simple Chart Advanced Chart

Algorand Exchanges

You can buy Algorand with US Dollars at any of the exchanges listed below. Some exchanges charge no exchange fees, but their exchange rates tend to be less competitive so it is important to consider the rate and fees when comparing prices. Prices in the table below are inclusive of exchange fees and are updated every 30 seconds. For a detailed comparison of all Algorand purchase options check our cheapest exchanges for buying Algorand. To quickly calculate the value of Algorand in US Dollars or any other currency use our Algorand price conversion tool.

Platform Reviews Rate Rate
United States
93%
Cheapest
Checking rate
Rate Not Currently Available
Checking rate
Rate Not Currently Available
Cheapest
Visit Site
United States
90%
Cheapest
Checking rate
Rate Not Currently Available
Checking rate
Rate Not Currently Available
Cheapest
Visit Site
Liechtenstein
80%
Cheapest
Checking rate
Rate Not Currently Available
Checking rate
Rate Not Currently Available
Cheapest
Visit Site
Hong Kong
77%
Cheapest
Checking rate
Rate Not Currently Available
Checking rate
Rate Not Currently Available
Cheapest
Visit Site
United States
84%
Cheapest
Cheapest
Check Rate

Exchange Algorand Now

We have partnered with Change Now to offer you instant crypto exchange for all the popular coins. Just select the crypto type that you want to exchange, enter the amount you want to sell, select the crypto you want to receive and click 'Exchange'. You will then be asked for the wallet address where you want to receive your converted crypto after which you will be provided with a wallet address to send the crypto you are selling to. Once you send your crypto the exchange process is fully automatic and when completed the converted crypto will be deposited to the wallet address that you provided.

How to Exchange ALGO for BTC

Use our simple tool to convert your Algorand (ALGO) to Bitcoin (BTC) in 4 simple steps, in as little as 2 minutes.
Exchange algo to btc - Step 1
Enter ALGO Amount
Enter the amount of ALGO that you would like to convert in the form above and click Exchange
Exchange algo to btc - Step 2
Enter BTC Address
Enter the address of the wallet where you would like to recieve your BTC
Exchange algo to btc - Step 3
Send ALGO to Address
You will be provided with an address to send your ALGO to
Exchange algo to btc - Step 4
Receive Your BTC
Once your ALGO has been received it will automatically be converted to BTC and sent back to you

Compare the Best Algorand Savings Accounts

You could earn up to 5% APR on your Algorand tokens by depositing them on one of the savings platforms below. These types of account are also known as Algorand staking or Algorand yield generation. Just transfer open an account, transfer your ALGO tokens and start earning interest straight away. Many accounts offer instant access to your tokens if you want them back. Compare the best Algorand annual yields in the table below.

13 matching savings accounts found
Platform Reviews Loyalty Level Deposit Currency Interest Payment Interest Rate
United States
76%
Compare
Base
Algorand logo ALGO MONTHLY
2.5%
APY
Go To SiteGo
Hong Kong
77%
Compare
Level 1
Algorand logo ALGO WEEKLY
1% - 2%
APR
Tiered Interest Rates
Go To SiteGo
Level 3
Minimum of $4,000 USD ($4,000 USD) of CRO tokens on deposit
Algorand logo ALGO WEEKLY
1.5% - 3%
APR
Tiered Interest Rates
Level 4
Minimum of $40,000 USD ($40,000 USD) of CRO tokens on deposit
Algorand logo ALGO WEEKLY
2.5% - 5%
APR
Tiered Interest Rates
Lithuania
94%
Compare
Vip level 0
Algorand logo ALGO DAILY
1%
APY
Go To SiteGo
United States
84%
Compare
Base
Algorand logo ALGO WEEKLY
4.75%
APR
Go To SiteGo
United States
90%
Compare
Base
Algorand logo ALGO DAILY
4%
APY
Go To SiteGo

Compare the Best Loan Rates Secured Against Algorand As Collateral

You could borrow against your Algorand tokens at rates as low as 8% APR. Open an account and transfer your ALGO tokens to the platform. Then use the value of those tokens as collateral for an instant loan. Normally no credit checks are required as the platform can use your Algorand tokens to pay off the loan if necessary. The loan itself can be in a different currency to Algorand. USDT and USDC are popular loan currencies.

20 matching loan accounts found
Platform Reviews Setup Fee LTV Rate
Hong Kong
77%
None
50%
FROM
8%
APR
TO
12%
APR
Go To SiteGo

Algorand Technical Analysis

The technical price analysis for Algorand below is undertaken automatically by Tradingview by looking at over 20 different technical chart indicators. You can see how many of these indicators were BUY, NEUTRAL or SELL at the bottom of the chart. The indicators will change depending on what time frame you are looking at. The analysis does not consider market sentiment or broader macro issues that may affect the price of Algorand.

Which Crypto Wallets Support Algorand?

Algorand is supported by the Ledger Nano X, the Ledger Nano S, the SafePal S1, the CoolWallet Pro, the SecuX V20, the DCent D’Cent Biometric Wallet, the SecuX W20, the SecuX W10 and the Prokey Optimum.

Algorand FAQs

AYes you can find the Algorand Reddit channel at https://reddit.com/r/AlgorandOfficial.
AYes, staking is available for Algorand on a number of platforms. For a full list of Algorand savings rates see our list of Algorand savings rates.
AYou can earn up to 5% APR by staking your Algorand tokens. Check out our Algorand savings rates table for further details.
ARight now the best staking rates are on Crypto.com with an income rate of up to 5% APR.

Algorand Reviews

User Reviews
No user reviews found
Leave a Review for Algorand
Submit Review

Algorand YouTube Reviews

Why Compare With Definda?

tick Completely Impartial

We always rank and compare products objectively and impartially.

tick Careful Research

We carefully research products for legitimacy before adding them to the platform.

tick We Never Sell Your Data

We never sell or disclose your data to anyone.

© DeFinda 2022