How to Buy Algorand (ALGO) in Australia

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

Step 1 – Signup to Coinmama

You'll first need to purchase one of the major currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click the button below for registration and to get your Ethereum (ETH) or Bitcoin (BTC).

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

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Algorand (ALGO) is accessible on Binance, so we will use that as an example. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you have selected the precise coin you want to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

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

As soon as your deposit has been approved, you will now have access to your assets and you can begin purchasing and trading. To purchase {Algorand (ALGO)|(ALGO) Algorand} on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”.

To discover {Algorand (ALGO)|(ALGO) Algorand}, you will need to insert the cointype (ALGO) into the search box, which is marked in the image. Be certain of having selected the proper grouping, we've marked this also. Click on “ALGO/BTC” to go ahead.

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

Once you've spotted {Algorand (ALGO)|(ALGO) Algorand}, you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). And now we're creating our own Limit Order.

The field with the “Price” tag will be filled automatically with the most recent valuation {Algorand (ALGO)|(ALGO) Algorand} was traded for. This can be changed to your desired rate. The ”Amount” field is the quantity of ALGO you like to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole quantity of ALGO.

If you're satisfied, make a mouse click on “Buy ALGO”. Your order will be filled as soon as a Seller sells their ALGO for the price you introduced.

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

Unless you're frequently trading, never keep your coins on an Exchange for an extensive period of time. To take off your {Algorand (ALGO)|(ALGO) Algorand}, go to the tab called “Funds” and mouse click on “Withdraw”. {Algorand (ALGO)|(ALGO) Algorand} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Algorand (ALGO)|(ALGO) Algorand} by using the provided drop-down box. Drop in the volumen of {Algorand (ALGO)|(ALGO) Algorand} you would wish to take off. Take into account the presented fees/minimums. Also make sure you have filled your correct withdraw address.

If you're glad, make a mouse click on “Submit”. You could be requested for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and safed Algorand (ALGO) in Australia.

That's it!

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

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