How do I buy Algorand (ALGO)?

This guide will provide you with a step-by-step process you can use to start with USD and end up with ALGO.

You will have to transfer cryptocurrency from one exchange to another, but that's a process that happens all the time and is considered safe, so long as you are using a reputable exchange.

Let us walk you through the process!

Algorand (ALGO) Buying Instructions

1. Sign up for Coinbase and Binance.
2. Buy Ethereum from Coinbase.
3. Transfer Ethereum to Binance.
4. Trade Ethereum for ALGO.
5. For complete step-by-step instructions, see below.

Step-by-Step Guide

Sign up for the right exchanges

Coinbase

1. Sign up here.
2. Add a credit or debit card.

Binance

1. Sign up here.

Purchase Ethereum on Coinbase

1. Log in to Coinbase and go to "Buy/Sell".
2. We recommend you purchase Ethereum, and you should use a debit/credit card or money deposited into your USD Wallet.
3. Your Ethereum should be available instantly and visible in your accounts list.

Get Your Binance ETH Deposit Address

1. Log into Binance and select "Funds->Deposits Withdrawals".
2. Make sure the "Hide small assets" option is not selected.
3. Type "eth" into the search bar.
4. On the right, click "Deposit".
5. Copy the "ETH Deposit Address", this is where you will send your ETH.

Send your Ethereum from Coinbase to Binance

1. In Coinbase, click "Accounts" and look for your ETH Wallet.
2. Under ETH Wallet, click "Send".
3. Paste the "ETH Deposit Address" from Binance into the "Recipient" field.
4. Enter the amount you would like to send to Binance in the "Amount" field.
5. Verify that everything looks ok and click "Continue".
6. A new screen titled "Confirm Send" will appear. Verify the information is correct and, if so, click "Confirm".
7. Your Ethereum is now being sent to Binance.
   1. The Ethereum network will run a set of confirmations that will verify the transfer and then it will be available in Binance.
   2. Within a few minutes, you should be able to go to Binance and see that the transaction has started.

Trade your Ethereum for ALGO

1. Once your transfer is complete, your Ethereum will be available for trading.
2. Click here to go to the ALGO/ETH trading pair.
3. Below the price graph, you will see options to Buy and Sell ALGO.
4. To buy ALGO at the current market rate, click "Market".
5. Enter the amount of ALGO you would like to buy, or use the percentage options to use a percentage of your overall ETH to purchase.
6. Click the "Buy ALGO" button.

Congratulations! You now own some ALGO!