Buy Algorand
in Czechia

Trusted by Algorand buyers, you can buy and trade Algorand in Czechia and 100+ countries on Blocktrade without any fees easily. 

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WHY BLOCKTRADE

Your entry to the world of crypto

Buy Algorand with Zero Fees

Buy and trade
Algorand in Czechia
with Blocktrade without
any trading fees

Wide range of cryptocurrencies

We offer a wide range
of cryptocurrencies
to buy in Czechia. Number increasing as we’re adding new coins and tokens regularly.

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in the EU

Blocktrade is registered as VASP
with the Estonian Financial
Intelligence Unit and is fully
compliant with AML 5..

Learn More about buying ALGO in Czechia

How to buy Algorand in Czechia

Is ALGO a good investment in Czechia?

Algorand is a decentralized blockchain network. The main idea behind Algorand is to combine the features of mainstream cryptocurrencies such as decentralization and creation of easily divisible tokens. Along with these features, the speed of processing more transactions and decreasing computing power needed to implement the network, were considered by the Algorand team.One of the things that distinguishes Algorand from other projects is the use of the Proof of Stake mechanism. With proof of stake, new transactions and blocks can be created and processed faster and more efficiently. According to the network's developers, this process allows Algorand's blockchain to be universal, decentralized and secure.

One of Algorand's main areas of development is DeFi, or decentralized finance, which supports smart contracts and digital assets. Algorand can host smart contracts that can govern the exchange of digital assets in order to become the digital representation of real-world asset trading.

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What is Algorand ?

ALGO is the symbol by which the Algorand cryptocurrency is traded in the cryptocurrency market. It is the local currency of the Algorand blockchain and the symbol through which you can find information related to Algorand cryptocurrency on exchanges.

Check out ALGO official website for more information and updates.

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Is Algorand legal to buy in Czechia?

Yes. According to the Article 4(1) of Act No. 370/2017 on Payment system, crypto assets in the Czech Republic have the status of goods (in case of purchase) or products (in case of sales) and their circulation is not prohibited. Under the same Act legislation, cryptocurrencies aren’t treated as electronic money and according to Article 2(1)(c) of the Payment System Act, they aren’t considered funds either. It is estimated that over 100,000 people in the country own cryptocurrencies.

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Is Algorand taxed in Czechia

Yes. According to the Czech Income Tax Act, taxable income arises in the following cases: cryptocurrency exchange for FIAT currency; sale of cryptocurrency; exchange of one cryptocurrency for another cryptocurrency (in this case it is important to realize that it represents a sale of one cryptocurrency and at the same time purchase of another cryptocurrency); and also obtaining cryptocurrency free of charge, e.g. in case of incentives for a future purchase or gift. According to the mentioned tax act, Czech citizens who use cryptocurrencies to sell goods and services must pay income taxes on those transactions. Also, Individuals who receive payments in cryptocurrencies are taxed similarly.

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After you've bought Algorand in Czechia

By owning Algorand’s currency you would be able to: pay for transactions, purchase on-chain items such as NFTs, purchase goods and services, participate in DeFi as an investor, participate in governance, and earn rewards, secure proof-of-stake protocol among participation nodes, and even invest in order to gain profits.

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Who can buy Algorand in Czechia?

Anyone. In Czechia, a more convenient method to purchase cryptocurrencies is through the exchanges. Many different means of payment such as Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are available through our exchange which guarantees secure, fast and free of charge transactions.

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Buy Algorand at your ease

Payment methods to buy Algorand in Czechia

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

GET STARTED

Just 3 easy steps to your first investment in Algorand

Sign up and verify
your account

Make your first
deposit

Start your
investment journey

FAQ

Frequently asked questions

The Algorand blockchain network has benefited from global compatibility since its launch in 2019. Due to its instant transaction finalization and high TPS rate, the project has attracted the attention of governments, investors, industries and other major stakeholders in digital currencies. You can’t really deny the team’s background in technology and their expertise. This project is much closer than other projects in solving the triple problems of blockchain, i.e., scalability, security and decentralization. With the launch of the Algorand 2.0 network and its three key features: Algorand Standard Assets, Algorand Atomic Transfer, and Smart Contracts, there is more potential for locking value in the network.

Yes. But note that according to Czech Income Tax Act, if the taxpayers generate income from the sale of cryptocurrencies, they are obliged to file a personal income tax return. If you are selling your crypto asset in Czechia, keep in mind that our exchange charges ZERO fees for transactions.

No. According to Czech Income Tax Act, the purchase and holding of a cryptocurrency does not constitute taxable income, even if the value of the cryptocurrency increases significantly during the holding.

There is no standard minimum amount you need to buy Algorand. This cryptocurrency is currently less than a dollar. Usually, your selected platform determines the amount you need to invest. You are allowed to start buying ALGO with the minimum amount of  $10 through our exchange.

According to Czech Income Tax Act, individuals that trade cryptocurrencies are taxed at a rate of 15%.

You also need a cryptocurrency wallet to keep your Algorand coins safe and secure. Nowadays, there are two main categories of wallets: software wallets and hardware wallets. The majority of software wallets are web-based and keep your cryptocurrency assets on your computer or smartphone. They frequently consist of third-party non-custodial wallets or exchange-based wallets. Using our exchange’s safe wallet, you can trade your ALGO easier and quicker. You should note that hardware wallets are viewed as more secure options than software wallets. As they are gadgets that encrypt and hold your digital assets offline.

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