Buy Algorand.

Purchase ALGO in a few taps. Buy with a credit, debit card or bank transfer.

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1 ALGO ≈ 0.226 USD *

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Algorand (ALGO) price performance.

The current Algorand price is $0.23 as in the last 24 hours its value has changed by 11.03%. Algorand ranks number 65 in terms of market capitalization. Algorand is a decentralized currency, which means you can buy, sell, and exchange it without having to rely on traditional monetary systems.

What is Algorand (ALGO??

Algorand (ALGO) is a high-speed blockchain designed to address the blockchain trilemma — balancing decentralization, security, and scalability. It was founded by Silvio Micali, Massachusetts Institute of Technology (MIT) professor and Turing Award laureate. ALGO differs from legacy proof-of-work blockchains as it utilizes the Pure Proof-of-Stake (PPoS) consensus method which randomly selects validators based on stake. This keeps the network secure and efficient without relying on energy-intensive mining. As a result, Algorand can handle thousands of transactions per second with minimal fees and near-instant confirmations. Algorand supports a growing universe of decentralized finance (DeFi), tokenized assets, and business applications. Developers use its Layer 1 blockchain for smart contracts, while institutions and businesses utilize it for payments, asset issuance, and cross-border transactions. The Algorand network is carbon-neutral, highlighting its commitment to sustainability. Unlike Bitcoin, Algorand has no fixed supply cap. Its network is continually updated to improve performance and expand functionality. As smart contract capabilities and interoperability evolve, they drive increased adoption across various industries. Beyond financial applications, Algorand is gaining traction among governments, enterprises, and blockchain initiatives globally.

Optimize the value of your Algorand.

Exchange

Swap assets for ALGO with fixed price execution on Nexo’s crypto exchange.

Credit Line

Borrow funds from 2.9% interest without selling any of your Algorand.

Nexo Card

Spend your funds on Credit and Debit Mode from a single card and earn interest on your spendable balance.

Send Algorand

Make free Algorand transfers to your family or friends as long as they have a Nexo account.

Purchase ALGO in 3 steps.

After verifying your account:

1. Select an asset

Click on the “Buy” button on your Dashboard and select the desired asset.

2. Enter an amount

Select the amount you want to buy and choose your payment method.

3. Complete the purchase

Preview your transaction details, and confirm the purchase. It's that easy!

Buy Algorand

Why choose Nexo to buy Algorand?

Buy seamlessly

Purchase ALGO with card or bank transfer and get crypto cashback.

Optimal pricing

Get competitive rates across top 10 exchanges.

Peace of mind

Benefit from robust infrastructure built for long-term stability.

Find answers to all your questions about Algorand.

What is Algorand (ALGO) used for?

Algorand (ALGO) is a blockchain designed for fast, secure, and low-cost transactions. It supports payments, decentralized applications (dApps), and the issuance of digital assets, including stablecoins. Due to its high throughput and low fees, businesses and developers use Algorand for various applications, including financial services, tokenization, and decentralized finance (DeFi).

When did Algorand (ALGO) reach its all-time high?

As of May 9, 2025, Algorand (ALGO) reached its all-time high of $3.56 on June 20, 2019.

How to buy Algorand (ALGO) with a card?

You can buy Algorand directly with a credit or debit card, including cards connected to your Apple Pay or Google Pay. To learn more about how to buy Algorand via card, visit our dedicated Help Center article.

How to buy Algorand (ALGO) with a bank transfer?

You can send funds from your local bank to your Nexo account via a bank transfer. EUR and GBP transfers arrive quickly, while USD wires generally take up to 2 business days to be reflected in your account. When your funds are available, navigate to the Exchange tab in the Nexo app and trade them for your desired amount of ALGO. To learn more about how to buy Algorand through a bank transfer, visit our dedicated Help Center article.

How does Nexo take care of my Algorand (ALGO)?

We partner with multiple custodians, such as Ledger Vault, Fireblocks, and others, to enhance the security and diversification of our custodial infrastructure. In addition, we offer:

Strong 256-bit encryption and fraud monitoring mechanisms, ensuring the integrity of your funds.
ISO/IEC 27001:2013 accredited information management systems.
Personalized Client Care, available 24/7.

You can learn more about our fundamentalshere.

What tools can help me with my crypto tax reporting?

We've partnered with Koinly, a leading crypto tax software provider, to help our clients easily track and report their Algorand (ALGO) and other crypto transactions. Through our platform's integration with Koinly, you can seamlessly import your ALGO trading history and generate tax reports that align with your local tax requirements. Check out our guide on how to create a tax report via Koinly.