Buy Algorand

Buy Algorand safely and easily at one of Europe's leading exchanges.

  • Low trading fees: 0.25%
  • Buy Algorand with 8 payment methods
  • Algorand wallet included
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Algorand
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0.00000000 ALGO

Intuitive Mobile App

Download our mobile app to buy cryptocurrency instantly from your phone. Manage your digital assets from your phone anytime, anywhere.

Legal Compliance

Bitvavo is registered with De Nederlandsche Bank (DNB), the Dutch Chamber of Commerce, and complies with all relevant legislation.

Staking Rewards

Bitvavo enables you to earn a return on your digital assets. Our staking service offers a yield of up to 7.5% on staked assets.

Frequently Asked Questions

Bitvavo makes Algorand as easy as possible. Here are answers to common questions to help you make your first steps in the world of digital assets.

What is Algorand?

Algorand allows developers to design and build decentralized applications on its blockchain, much like Ethereum. Algorand's blockchain uses a consensus mechnism called Pure Proof of Stake, in which the next block proposer is chosen on a random and secret basis, ensuring that a user's influence is proportional to the amount staked. Algorand was created by Silvio Micali, a leading cryptographer and winner of the 2012 turing award for his contributions to the field.

How to buy Algorand?

Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.

1. Sign Up

Create a free account with which you can buy, sell, send, receive and store Algorand. Access your Bitvavo account from every location, on mobile and desktop.

2. Transfer Funds

Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.

3. Buy and Trade

Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.

How to store Algorand?

Storing Algorand and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Algorand without any technical knowledge. Here is a brief overview of the existing wallet options to store your Algorand:

Hosted Wallet

Hosted wallets are wallets where the private keys to your Algorand are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Algorand online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.

Software wallet

A software wallet is a program installed on your computer or other device in order to use and manage your Algorand. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Algorand, and if malicious parties have access to your device, your private keys (and therefore your Algorand) can be stolen.

Hardware wallet

A hardware wallet is a physical device on which you can store your Algorand offline. It is one of the safest ways to store your Algorand, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Algorand is stored.

You can use Bitvavo's hosted wallet to easily store, send and receive Algorand. Once you have purchased Algorand on Bitvavo, you can choose to send your Algorand from your Bitvavo wallet to your own software or hardware wallet.

Add Algorand To Your Portfolio

Join over a million users buying and selling Algorand at Bitvavo and enjoy our low fees and easy to use platform.

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