Get ALGO or ASAs
Last updated
Last updated
ALGO is Algorand's native currency, so once the wallet is created, the first thing to do is to add some ALGO so that you can pay the blockchain fees. If you do not have Algo, you can use one of the following methods to obtain them:
Obtained your firsts ALGO, if you like, you can swap them with other tokens called ASAs.
ASAs The Algorand protocol supports the creation of on-chain assets that benefit from the same security, compatibility, speed, and ease of use as ALGO. The official name for these assets on the Algorand blockchain is Algorand Standard Assets (ASA). Algorand Standard Assets can represent stablecoins, loyalty points, system credits, and in-game points just to name a few examples. ASAs can also represent single, unique assets like a deed for a house, collectible items, unique parts on a supply chain, etc. There is also optional functionality to place transfer restrictions on an asset that helps support securities, compliance, and certification use cases.
Learn more about ASAs here.
The best way to do that is through the swap operation integrated into Folks Finance. Otherwise, you can do that through external Decentralized Exchanges:
Use fiat money to purchase ALGO, USDCa, and USDTa instantly with Pera Onramp's 45+ supported payment methods in over 125 countries.
Connect your wallet. Click on it on the top right corner and then click Buy.
A modal will appear. Choose how much of an asset you want to buy, the nation you're located in and the payment method.
Select the providers you want based on their price quote. Click the Proceed button. You'll be directed to a payment page on fluidmoney.xyz.
N.B. You must enable pop-ups both on Folks Finance and fluidmoney.xyz