How to Buy Algorand in Canada

What is Algorand (algo)?

Algorand (ALGO) is a permission-less, open-sourced and decentralized network, praised for its speed (1,000 TPS) and transaction finality (~5sec). The network uses a PoS validation method, and is unique in allocating validation rewards to all holders of its ALGO token.

* Although the term "stablecoin" is commonly used, there is no guarantee that the asset will maintain a stable value in relation to the value of the reference asset when traded on secondary markets or that the reserve of assets, if there is one, will be adequate to satisfy all redemptions.

How can I buy Algorand?

Direct Purchase

You can buy cryptocurrency from individuals or through other unregulated sources. This can be more risky as there’s no guarantee they’ll hold up their end of the deal.

Via a regulated cryptocurrency platform

Recommended

The safest and easiest way to buy Algorand is through a regulated trading platform like Newton.

Why Newton?

Newton offers an easy way to buy and sell cryptocurrency in Canada at great prices.

Here's how to buy Algorand in Canada

Sign-up in Canada for an account.

Create an account and add funds or choose an amount of your currency to trade.

Trade fiat or crypto for stablecoin*.

Trade your chosen currency into a stablecoin*.

Send to your desired exchange.

Find an exchange that offers algo, then transfer your crypto to that exchange.

Initiate purchase and you're done.

Go through the steps to purchase, and that's it.

Why use stablecoins* when transferring to an exchange?

Because stablecoins* are designed to maintain a peg to fiat currencies, they can be useful tools. Coins such as USDC, USDT and QCAD generally experience lower volatility than other crypto assets.

It's easy to get started

Buy & Sell Algorand quickly on your phone or computer.

1 Create an account.

Provide a few details about yourself to get verified. This can take less than 5 minutes!

2 Fund your account.

Use Interac e-Transfer, wire transfer, or crypto deposit.

3

Start exploring.

You can trade crypto quickly and easily right away on your phone or on web.

Why you'll love trading Algorand on Newton.

Newton is Canada's low-cost cryptocurrency trading platform with transparent prices and low trading fees. We offer high liquidity and institutional-grade third party custody for your digital assets.

Some of the best prices in Canada.

We care about our prices as much as you do. That’s why we’re always keeping track of competitor prices to give you one of the best deals in town.

Great security features.

Multi-Factor Authentication (MFA), New Device Registration, Login Activity, Anti-Phishing Code, Setting a Trusted Contact, Adding a Trusted Device, and More!

Low-cost and no-commissions.

Extra fees suck. That’s why you can fund and withdraw fiat and crypto without paying a single Newton fee - we even cover some network fees!

Easy to use.

Trading your favourite cryptocurrency assets should be a quick and painless process. That’s why we made our platform so easy to use. You can make a trade in under 30 seconds (we checked :)

Trustable.

If you can’t sleep at night, we can’t sleep at night. That’s why we make sure your funds are safe and sound. All of your funds are backed 1-to-1 and are in institutional third-party cold storage or hot wallets.

Proudly Canadian.

We want cryptocurrency to be taken seriously, so we’re always working to make sure we're compliant with current and anticipated Canadian regulations.

Where do I keep my Algorand?

After you've purchased crypto, the next step is to find the best way to secure it.

We have institutional third-party custody to keep your crypto safe. You can rest easy knowing that your crypto is waiting for you, just a login away. For those that prefer to self-custody, you can send your crypto to your personal wallet.

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