Algorand market information: price, market cap, and supply
Algorand Price is $0.0874. Its current circulating supply is 9.08B algo with a market cap of $794.18M.
$ 0.0874
-3.75%
(Not Available)
$ 794.18M
$ 34.55M
9.08B ALGO
What Is Algorand (ALGO)?
Algorand is a layer-1 blockchain founded by Turing Award-winning cryptographer Silvio Micali. It is designed for fast, secure and low-cost transactions.
ALGO is the native coin of Algorand. It pays transaction fees, takes part in consensus and is used in governance.
How Does Algorand Work?
Algorand uses Pure Proof-of-Stake, where validators are chosen randomly and secretly based on their stake. Blocks are final in a few seconds, and the network does not fork.
Key Features of ALGO
- Fast finality in a few seconds.
- Very low transaction fees.
- Pure Proof-of-Stake consensus.
- Native support for tokens and smart contracts.
What Is ALGO Used For?
ALGO is used for payments, network fees, staking and decentralized applications built on Algorand.
How to Exchange ALGO on Secureshift
- Choose your pair: select ALGO and the coin you want to receive, or the coin you want to swap into ALGO.
- Enter the amount: type how much you want to exchange and review the estimated amount you will get.
- Add your wallet address: paste the address where you want to receive your coins and double-check it.
- Send your deposit: transfer the coins to the deposit address shown on the exchange page.
- Receive your coins: once the deposit is confirmed, Secureshift completes the swap and sends the coins straight to your wallet.
Why Swap Algorand with Secureshift?
- Non-custodial: your funds go directly to your own wallet and are never held in an exchange account.
- No registration: swap ALGO without creating an account or going through sign-up.
- Wide selection: exchange ALGO with thousands of other cryptocurrencies.
- Clear rates: see the estimated amount before you confirm your exchange.
How fast are Algorand transactions?
Algorand blocks are produced and finalized in a few seconds, so ALGO deposits confirm quickly. Most swaps complete within a few minutes.
ALGO Network Details at a Glance
| Detail | Algorand (ALGO) |
| Consensus | Pure proof of stake |
| Block time | About 3 seconds, with instant finality |
| Address format | 58 characters, uppercase letters and numbers |
| Minimum balance | 0.1 ALGO per account, more per asset opted into |
| Typical fee | 0.001 ALGO |
What Algorand Is
Algorand was founded by MIT professor Silvio Micali, a Turing Award winner. It uses a pure proof-of-stake design where blocks are final the moment they're added, so there are no forks to wait out.
ALGO pays fees and helps secure the network. Algorand has been used for tokenised assets, payments and government pilot programmes.
Where to Store ALGO
Pera Wallet and Defly are the main Algorand wallets, and Ledger supports ALGO.
Before You Swap ALGO: Mistakes to Avoid
- Trying to receive an Algorand token without opting in first. You must opt in to each asset.
- Sending your full balance. The minimum balance stays locked.
- Leaving out a note or memo when an exchange requires one.
Swapping ALGO on SecureShift
Choose ALGO, paste your 58-character address and send. There's no account to open and no ID to upload, no exchange limit, and the flat 1% fee is already included in your quote. Want to move into private money instead? You can swap ALGO to Monero (XMR) the same way.
Popular ALGO Swap Pairs
Jump straight to a pair to see its live rate, network notes and FAQs:
Swap Algorand (ALGO) for any asset from our extensive crypto selection by following these simple steps:
1. Select ALGO as the "You Send" currency.
2. Choose the asset you’d like to receive in exchange for your ALGO.
3. Enter the wallet address for the asset you wish to receive.
4. Send your deposit to a unique one-time address.
5. Receive your exchanged coins in approximately 5 minutes!
Top cryptocurrencies to exchange with Algorand (ALGO)
| # | ALGO to | Pair | Available for exchange |
|---|---|---|---|
| No data found! | |||
Why exchange Algorand on SecureShift
- Using SecureShift is safe and reliable. As a non-custodial service, we never store or hold your assets.
- SecureShift ensures rapid transactions, typically completing within two minutes.
- Our platform is highly versatile. We continuously strive to enhance our services, satisfy our customers, and broaden our cryptocurrency offerings.
- No registration is required to trade any crypto asset on SecureShift. All you need is a wallet address.
- Trade freely with no upper limits! Whether your transactions are small or large, we guarantee successful completion every time.
Algorand (ALGO) FAQ
Algorand is a layer-1 blockchain founded by Turing Award-winning cryptographer Silvio Micali. It is designed for fast, secure and low-cost transactions.
Algorand blocks are produced and finalized in a few seconds, so ALGO deposits confirm quickly. Most swaps complete within a few minutes.
Choose ALGO and the coin you want to receive, enter the amount and your wallet address, then send ALGO to the deposit address shown. Secureshift completes the swap automatically and sends the coins straight to your wallet.
No. Secureshift is a non-custodial exchange with no registration, so you can swap ALGO directly from your own wallet while keeping full control of your funds.
Each account must keep 0.1 ALGO, plus more for every asset it has opted into.
Blocks come about every 3 seconds and are final immediately.
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