How to Buy Algorand (ALGO) in Armenia

A Step-by-Step-Guide on how to buy Algorand (ALGO) in Armenia

Step 1 – Signup to Coinmama

You'll first need to purchase units of the top-tier coins. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – Send Your Ethereum or Bitcoin to an Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Algorand (ALGO) is accessible on Binance, so we will use that as an illustration. Not sure on how to send Coinbase funds to an Exchange? (Follow this guide)

Make sure you have selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etcetera. If you are using a decentralized exchange, like Airswap or DDEX could be divergent (Follow these easy steps).

Step 3 – Find {Algorand (ALGO)|(ALGO) Algorand}

As soon as your deposit has been confirmed, you'll now have access to your funds and you can launch invest and trading. To invest in {Algorand (ALGO)|(ALGO) Algorand} on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To spot {Algorand (ALGO)|(ALGO) Algorand}, you'll need to insert the shortname of the coin (ALGO) into the search box, which is marked in the graphic. Be certain of having selected the correct grouping, we've marked this also. Click on “ALGO/BTC” to advance.

{How to buy Coin on Binance 1|Binance How To Buy 1} Algorand (ALGO)
Step 4 – Buy {Algorand (ALGO)|(ALGO) Algorand}

After you've discovered {Algorand (ALGO)|(ALGO) Algorand}, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are making our Limit Order.

The field with the “Price” tag will be filled with the most up-to-date valuation {Algorand (ALGO)|(ALGO) Algorand} was traded for. This can be changed to your desired rate. The ”Amount” field is the amount of ALGO you want to purchase. The field with the “Total” tag is the aggregated price in BTC that you will settle for the complete amount of ALGO.

When you're satisfied, click on “Buy ALGO”. Your plan will be filled as soon as a Vendor sells their ALGO for the price you introduced.

Step 5 – Withdraw {Algorand (ALGO)|(ALGO) Algorand}

Unless you're regularly trading, never keep your crypto coins on an Crypto Trader for an extended time period. To withdraw your {Algorand (ALGO)|(ALGO) Algorand}, go to the ”Funds” tab and click on “Withdraw”. {Algorand (ALGO)|(ALGO) Algorand} can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Algorand (ALGO)|(ALGO) Algorand} by using the provided drop-down box. Put into the quantity of {Algorand (ALGO)|(ALGO) Algorand} you would wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

If you're satisfied, make a mouse click on “Submit”. You could be requested for email/phone verification before a take off.

Congratulations! You've successfully purchased and safed Algorand (ALGO) in Armenia.

That's it!

Withdrawals from Cryptocurrency Exchange can durate anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off using Etherscan.io or Ethplorer.io and the {Algorand (ALGO)|(ALGO) Algorand} is stored inside your wallet, you are done.

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