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How to buy Algorand (ALGO) in Canada

Learn how to buy Algorand (ALGO) in 3 easy steps with no deposit and withdrawal fees.
Buy Algorand
ALGO  COIN

What is Algorand?

This blockchain platform uses the ALGO token and a Pure Proof-of-Stake™ (PPoS) protocol. As a result, Algorand helps maintain proper decentralization and prevents monopolization. Plus, there’s no incentive to cheat the system because doing so would devalue the network and the holders’ assets.

MIT professor and Turing award winner, Silvio Macali started Algorand and explores his scientific interests with it: cryptography, secure protocols, proof systems, and distributed computation. He also empowers developers since the platform relies on open source code.

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ALGO ICON

Algorand (ALGO)

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Why invest in Algorand?

Algorand’s technology finalizes transactions in seconds. Its transaction speed compares with the speeds of large payment and financial networks. Because Algorand never forks, it doesn’t have the usual forking problems. A fork can last for a while before eventually dying off and, as a result, waste time and resources.

Algorand finalizes transactions faster than other blockchains that use Proof-of-Stake. Finality is crucial because it makes crypto transactions become irreversible. Especially in the financial sector, companies need to know as soon as possible if they finally own an asset.

What are Algorand’s pros and cons?

PROS

  • Transactions finalize within 4.5 seconds.
  • Because of open-source implementation, more developers might use Algorand’s technology and further grow its users and advance its adoption.

CONS

  • Algorand’s native token, ALGO, is volatile since its price is affected easily by relatively small events.
  • Algorand has lower popularity and adoption when compared with Ethereum, Solana, and Cardano.

What makes Algorand stand out?

Algorand stands out because of its Pure Proof-of-Stake™ (PPoS) consensus mechanism. It makes sure there’s no incentive for users to cheat the system. Also, users’ tokens are always available, meaning they don’t have to lock their tokens. That freedom may make users more willing to try and explore Algorand.

Unsure where to buy Algorand (ALGO) in Canada? Buy it using Coinberry in 3 easy steps:

1

Create your account.

Sign up now, or download our Coinberry app from Google Play or the App Store. Like the crypto markets, we’re available 24/7.

2

Get verified.

After you sign up, you’ll need to verify your account.

Over 90% of our members get verified immediately, and then start trading right away.

3

 Buy Algorand (ALGO).

You can buy ALGO right away at the best rates.

Get started with as little as $50 CAD. You can use a bank wire or an Interac e-Transfer to fund your account.

Buy Algorand

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