Algorand
About
About Algo
Algorand is built for speed, low costs, and real-world usability. Transactions settle instantly, in seconds, and fees are minimal. This makes it practical for both everyday payments and large-scale commerce.
The network is carbon-neutral and highly efficient, designed to handle serious transaction volume without environmental impact. Payments finalize immediately with certainty, and developers can build applications that operate at the same speed. It's accessible, scalable, and transparent. Everything runs on a public ledger that anyone can verify.
- Description
- Algorand is a high-performance blockchain designed for speed, scalability, and low transaction costs. It uses a Pure Proof-of-Stake (PPoS) consensus mechanism that is energy-efficient and secure. ALGO supports smart contracts, decentralized applications, and tokenized assets with near-instant finality.
- DLT Network
- Algorand Mainnet
- Time/confirmations until irreversible
- Approximately 4.5 seconds for finality (transactions are confirmed near-instantly on the network)
- Whitepaper
No white paper is required under MiCAR, as there is no offer of ALGO to the public (considering this is an old token which has been in circulation for several years). Should there be an offer, no white paper is required under MiCAR as there is no identifiable issuer.
Nevertheless, a white paper has been published by CASP LCX AG and Crypto Risk Metrics GmbH, as included in ESMA's interim register for White papers for crypto-assets other than ART and EMT. This white paper is however published in relation to admission to trading of crypto-asset.
How to buy
How to buy Algorand
Verify your identity
Enter your email and complete a quick verification. We'll send a one-time code to confirm it's you, then collect a few details to meet regulatory requirements.
Choose amount and pay
Select how much Algo you want to buy and pay with card or bank transfer. Clear pricing with no hidden fees. Complete your payment in minutes.
Algo to your wallet
Enter your Algo wallet address and we'll send your crypto directly there. No account needed. You control your Algo from the start.
Before you buy
Know the risks.
Risks
Crypto assets are volatile and subject to market and regulatory risks. You may lose part or all of your investment. Read our full Risk Disclosure to understand the risks involved.
Read more → about risksSustainability
Crypto assets and blockchain transactions may have environmental impacts, including CO₂ emissions. Learn more in our Environmental Disclosure.
Read more → about sustainabilityFraud
Crypto transactions may be targeted by fraud or scams. We apply monitoring and controls to help detect and prevent suspicious activity.
AML
We follow anti money laundering rules to help prevent the misuse of crypto for illicit activities.
Read more → about aml