Buy
Algorand
in Singapore
Trusted by Algorand buyers, you can buy and trade Algorand in Singapore and 100+ countries on Blocktrade without any fees easily.
WHY BLOCKTRADE
Your entry to the world of crypto
Buy Algorand with Zero Fees
Buy and trade
Algorand in Singapore
with Blocktrade without
any trading fees
Wide range of cryptocurrencies
We offer a wide range
of cryptocurrencies
to buy in Singapore. Number increasing
as we’re adding new coins and tokens regularly.
Regulated
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 Singapore
How to buy Algorand in Singapore
Buy Algorand at your ease
Payment methods to buy Algorand in Singapore
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
MANAGE YOUR PORTFOLIO
Buy Other Cryptocurrencies in Singapore
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.
No. According to the E-Tax Guide by IRAS, if you use cryptocurrencies to pay for goods and services, the person who pays by cryptocurrency won’t be taxed but the business providing the goods or services will be taxed instead based on the value of the goods or services being provided. This is because cryptocurrencies are not the same as fiat currencies (meaning they aren’t considered legal tender), and they are treated as intangible property for the purposes of income tax treatment. This might reduce the likelihood of businesses accepting your crypto tokens as a form of payment.
Yes. According to the E-Tax Guide by IRAS, crypto trading can be subject to income tax in Singapore, and in case you engage in crypto trading regularly, you should make a record of your transactions so that you can report them to the Monetary Authority of Singapore (MAS).
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.
It is estimated that over 550 thousand people, 9.40% of Singapore’s total population, currently own cryptocurrency.
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.
