A Step-by-Step-Guide on how to buy Algorand (ALGO) in Anguilla
Step 1 – Signup to Coinmama You'll first need to purchase units of the top-tier coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for alternative Coins. Click below for registration and getting your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Ethereum or Bitcoin to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Algorand (ALGO) is obtainable on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this how-to) Make sure you have selected the precise coin you want to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Algorand (ALGO) As soon as your deposit has been verified, you will instantly have access to your funds and you can begin purchasing and trading. To buy Algorand (ALGO) on Binance, you'll want to go to the ”Exchange” tab and then mouse click on “Basic”. In order to locate Algorand (ALGO), you'll need to insert the shortname of the coin (ALGO) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have marked this too. Click on “ALGO/BTC” to proceed.
Step 4 – Buy Algorand (ALGO) Once you have discovered Algorand (ALGO), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). And now we're creating our own Limit Order. The field with the “Price” tag will be filled with the most recent rate Algorand (ALGO) was sold for. This can be changed to your favoured rate. The ”Amount” field is the amount of ALGO you like to buy. The ”Total” field is the total price in BTC that you'll pay for the complete volumen of ALGO. If you're satisfied, click on “Buy ALGO”. Your order will be filled when a Vendor trades their ALGO for the price you gave.
Step 5 – Withdraw Algorand (ALGO) Unless you're frequently trading, best advise is not to keep coins on an Crypto Trader for an longer time period. To take off your Algorand (ALGO), go to the ”Funds” tab and click on “Withdraw”. Algorand (ALGO) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Algorand (ALGO) by using the given drop-down box. Drop in the amount of Algorand (ALGO) you would wish to take off. Take into account the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are satisfied, click on “Submit”. You may be requested for email/phone verification ahead of a take off.
Congrats! You've successfully bought and safed Algorand (ALGO) in Anguilla.That's it! Take offs from Crypto Exchange can take between 1 – 30 minutes (rely on network usage). Once you have confirmed your take off with Ethplorer.io or Etherscan.io and the Algorand (ALGO) is stored inside your wallet, you're all done.
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