Buy Algorand (ALGO)

Follow the steps below to easily and securely buy Algorand.

You can securely store your Algorand in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Algorand. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Algorand with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Algorand with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Algorand through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Algorand is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Algorand involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Algorand, it is important to understand the risks.

Volatility: The price of Algorand can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Algorand is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Algorand through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Algorand or other cryptocurrencies anonymously on a regulated crypto platform in Europe.

At Finst, we support several order types to buy Algorand: Market Order, Limit Order, and Auto Invest (DCA).

- With a Market Order, you buy Algorand instantly at the best available market price.

- Do you want to buy Algorand at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Algorand. Your order will be executed once your limit price is reached on the market.

- Do you want to invest in Algorand without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.

Yes, on our platform, you can easily buy Algorand with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Algorand reaches your limit price or lower.

A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.

Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Algorand without any action required or additional fees.

Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.