Algorand price chart

The below Algorand price chart tracks the price of Algorand against AUD over time. The rate shown is indicative only as actual buy / sell rates depend on market liquidity and fees at the time of quotation.

$0.335615

- %

Low: $

High: $

$0.335615

Low: $

High: $

- %

$2.5B

$38.8M

7.1B ALGO

10.0B ALGO

What is Algorand?

✓Speed ✓Protection/security ✓Award-winning team

Algorand (ALGO) is a PPoS (or “Pure Proof of Stake”) blockchain that is scalable, secure, and decentralised. Built to produce fast transaction times with a superior level of security to other chains, the Algorand foundation is aiming to build the future of finance.

The Algorand ecosystem is growing fast with a number of stablecoins, wallets, decentralised exchanges, and DeFi applications running on the network. Notably, Algorand claims to be the first blockchain with no possibility of forking occurring, and consequently, no uncertainty associated with their transaction finality.

How do I buy Algorand?

Deposit funds into your Cointree account using our fast and convenient options.
Enter the amount of Algorand that you would like to buy.
Confirm your purchase and Algorand will be instantly delivered to your Cointree account.

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Common Algorand (ALGO) questions

Everything you need to know about buying Algorand in Australia.

Why is Cointree the best place to buy Algorand in Australia?

Tens of thousands of Australians choose to buy crypto on [Cointree's exchange](https://www.cointree.com/) for the low fees, easy-to-use platform, and superior security practices. It's so easy you can sign up in mutes and start trading today.

How do I buy Algorand?

You can buy Algorand in as little as five minutes. It's easy to get started and start trading today. All you need to do is create and verify your account, deposit AUD to the exchange, check the price of Algorand, and make your purchase. [Register now](https://auth.cointree.com/Account/Register).

Can I buy Algorand with both Australian dollars and other cryptocurrencies?

Yes, you can deposit AUD to our exchange and purchase ALGO or you can convert your crypto to ALGO instead. That means you can use Australian dollars, bitcoin, Ethereum, Dogecoin and 160+ [other cryptocurrencies](https://www.cointree.com/trade/cryptocurrencies/) to buy Algorand.

Where can I store my ALGO coins?

The easiest place to store ALGO is on your free multi-coin wallet that you receive when you sign up with Cointree. Alternatively, you can store your coins in an Algorand wallet or hardware wallet like Ledger.

Is it safe to buy ALGO on Cointree?

Absolutely. At Cointree, we go above and beyond to ensure that your coins are kept safe. With bank level encryption and a number of Fund Protection Features, you can trade on Cointree with confidence. Furthermore, we always recommend that you secure your account with two-factor authentication.

Is the Algorand blockchain the future of finance?

The Algorand foundation, the team behind Algorand, believe their blockchain-based network will be the future of finance. Aiming to solve the blockchain trilemma of providing scalability, security, and decentralisation, the network makes transactions fast, affordable, and secure. This makes Algorand blockchain ideal for decentralised finance applications. Already, there are a number of decentralised exchanges, wallets, stablecoins and market makers building on the platform. However, there are many competing layer-1 blockchains also aiming to be the future of finance, including Ethereum, Solana and Cardano. While Algorand has grown rapidly in the past few years and the market cap now competes with many top cryptocurrencies, past performance doesn't always predict future performance. For any financial advice, always consult a licensed professional.