Buy Algorand
in Spain

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 the legislative document by the Spanish government, the capital
gain tax applies whenever you dispose of your crypto assets. This would include selling crypto
for EUR, trading cryptocurrency for another cryptocurrency and gifting crypto. So, when you sell
your crypto asset for any fiat currency, you will need to pay tax on any profits you made.

According to the legislative document by the Spain government, whether you are getting paid
for a full-time job in cryptocurrency or receiving crypto payments for offering services part-time,
you are subject to Income Tax on your crypto earnings.

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 1.1 million people, 2.51% of Spain’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.