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Algorand (ALGO)

What is Algorand (ALGO)?

Algorand is a cryptocurrency and blockchain protocol that aims to be simultaneously scalable, secure, and decentralized. It uses a consensus algorithm called pure proof-of-stake.

What is Proof-of-Stake?

Proof-of-stake is a type of consensus algorithm by which a cryptocurrency blockchain network aims to achieve distributed consensus. Please note that although this is a feature of ALGO, proof-of-stake/staking and voting are not currently supported on Coinbase.

What products support Algorand (ALGO)?

Coinbase           ✔      ✔
Pro          ✔      ✔
Wallet           ✖️      ✖️

What regions support Algorand (ALGO)?

Coinbase      ✔ ✔ ✔✖️
Pro     ✔ ✔ ✔✖️
Wallet  ✖️✖️   ✖️ ✖️ ✖️✖️✖️✖️

Crypto to fiat trading pairs

USD  ✔✖️✖️
GBP  ✖️ ✔
EUR  ✖️ ✔ ✔

Crypto to crypto trading pairs

ALGO    ✖️  ✔  ✖️

See the full list of countries that Coinbase supports for crypto-to-crypto trading.

How many confirmations are needed for Algorand (ALGO)?

Algorand (ALGO) requires 1 network confirmation. Learn about transaction confirmations.

Which blockchain network hosts Algorand (ALGO)?

Algorand (ALGO) is hosted on the Algorand blockchain.

What are the minimum and maximum withdrawal amounts?

Coinbase has implemented safeguards to ensure a healthy and efficient network both on-chain and through our platform.  

These safeguards include both minimum and maximum amounts for each cryptocurrency we allow customers to send through the blockchain.

Minimum: .1 ALGO 

Maximum: 1,000,000 ALGO

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