Founded in 2017, Algorand was created by Silvio Micali (MIT professor, computer scientist) and supported by the Algorand Foundation. However, it wasn’t until 2019 when Algorand was finally launched. To clarify, Algorand is the name of the network (or blockchain) and Algo is the name of the network’s native cryptocurrency. People can use Algo to send money to anybody around the world without wire transfers, banks or exchanges needing to be involved. Sending Algo only takes 4.5 seconds. Because of its speed, security and scalability, Algorand is creating a new type of digital, open and borderless economy that works for everyone. If you are wondering how to buy ALGO in Canada, Netcoins is a publicly-owned, fully regulated crypto trading platform based in Canada. With 0% funding fees free cash withdrawals with e-transfers and live customer support service seven days a week, we make it simple for Canadians to buy ALGO and other cryptocurrencies.
1. Create an Account
Sign up for an account and provide some personal details to get your account verified.
2. Fund It
Your Netcoins account can be funded with a crypto deposit, an ACH transfer or a bank wire transfer.
3. Start Trading.
Buy and sell as much Bitcoin as you want with no slippage due to our deep liquidity
Things to Consider Before Investing in ALGO
How Much Algo Can I Buy?
Why Buy Algo?
How Do I Store My Algo?
Algorand, ALGO & The Future
WHY BUY ALGO?
Algo is a great way for investors to diversify their investment portfolio by having a mix of traditional (stocks, bonds, etc) and non-traditional assets (Algo). People buy Algo for three main reasons: Algorand is one of the fastest, cheapest, more secure networks Algorand is creating a borderless economy that can process payments in less than 4.5 seconds – no matter how many users there are on the network Algorand also offers smart contracts As a relatively young cryptocurrency, Algo has seen impressive growth and continues to have a bright future ahead.
WHY IS KYC (VERIFICATION) REQUIRED?
As a Netcoins USA is a member of FINRA, we adhere to the strict guidelines set by them for Money Transmitter Businesses. We are required to have a Know-Your-Customer (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers, as per American regulations.
WHAT DO I NEED TO PROVIDE FOR YOUR VERIFICATION PROCESS?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business in the US.
HOW CAN I FUND MY ACCOUNT?
Your Netcoins account can be funded with a crypto deposit, regular ACH, ACH pre-funding or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy ALGO in Canada.