How To

Explore our directory of ‘how to articles’, from setting up wallets to the latest user experience features available on the platform. We’ll continue to add to these over time to help those looking for practical tips to actively participate in the world of DeFi.


Find out about the macro events shaping the future of the Algorand Ecosystem. As blockchain technology pervades the mainstream consciousness, we’ll continue reporting on the social and economic moves driving the direction of the ecosystem.


Look for exclusive interviews with founders, panel discussions with important figures, documentary content following key projects, and insightful information to help you dive deeper into the world of Algorand.


Featuring rich content straight from the source, we’ll keep you across the latest developments, tracking projects as they deploy and continue to grow. From trending topics to breaking news stories, you won’t miss a thing.


Learn about Algorand and the projects being brought to life. Find out the answers to the inner workings of many of the Web 3.0 project developments happening on chain. Explore our knowledge directory to help you navigate and participate in the Future of Finance.


Discover how Decentralized Autonomous Organisations (DAOs) are replacing traditional organizational hierarchy. Using a set of rules written down in code, they’re bringing complete transparency to consumers. Investments are less at risk, and individuals can be more informed of the strategic business decisions as they’re made in real-time.


Algorand’s foundational technology is intentionally designed to support and include all asset types for the future of finance - including Non-Fungible Tokens (NFTs). With the explosion of NFT’s bringing in a new era of digital assets, follow along for the ride.


Decentralized finance (DeFi) is disrupting the financial landscape as we know it, making financial applications more accessible and inclusive. Learn about how Algorand’s many applications, features, and use cases are enabling projects to leverage the core principles and value of decentralized technology to define the future of finance.

Algorand Foundation

With a primary goal of promoting broad participation and decentralization of the network, the Algorand Foundation is helping make the borderless economy a reality. See how this decentralized ecosystem enables the Algorand community to shape the shared future of the Algorand network.


By the end of 2022, it’s expected there will be over 700 active projects on the network. Algorand’s speed makes it ideal for many real-world applications and has many successful use cases across DeFi, NFTs, and decentralised gaming applications. Read up on some of the key factors unique to this next generation protocol.

How Algorand Trading Works

Blockchain technology has given birth to a new financial asset class – cryptocurrency. The success of cryptocurrencies has, in turn, given rise to a market valued at over $2.5 trillion, which records daily trading volumes of billions of dollars. Cryptocurrency trading involves the exchange of one coin for another, mostly between stablecoins and regular crypto or crypto and fiat. Trading happens on cryptocurrency exchanges, which are platforms designed to support the easy sale of coins and tokens.

Trading on Algorand

Algorand is the world’s first green blockchain network, and apart from its native coin $ALGO, it supports the development of other tokens within the Algorand ecosystem. As the Algorand ecosystem broadens, developers will continue to develop projects, most of which will have their native coins of utility and value. For investors and crypto enthusiasts to interact with these new projects, they must find a way to buy their digital currencies on the Algorand network or bridge their existing cryptocurrencies to Algorand.

Either way, the exchanging of crypto is essential for any blockchain ecosystem to thrive; thus, exchanges are required to facilitate the smooth trading of crypto tokens within the Algorand network. To further understand how trading works within the Algorand environment, the detailed workings of cryptocurrency exchanges should be examined.

Unpacking Cryptocurrency Exchanges

All financial assets need a market – a platform that ensures liquidity, enabling users to move value from one product to another. A cryptocurrency exchange performs that duty in the blockchain world, allowing users to buy or sell their favourite cryptocurrencies with speed, precision and hitch-free transactions. By providing liquidity, exchanges help users move value from one coin to another, find a buyer to purchase their digital currencies or find a seller for them to make a purchase.

In the crypto space, two major kinds of exchanges exist:

●       Centralised exchanges: These platforms are governed like a typical enterprise, and they are not usually hosted on the blockchain, although they interact with different blockchain networks daily. Interacting with a centralised exchange would require users to register an account, pass a KYC verification exercise and make a crypto or fiat deposit. Popular centralised exchanges include Binance, Coinbase and Kraken. ALGO is trading on Coinbase – users can buy or sell their ALGO on the platform.

●       Decentralised exchanges: Less popular than centralised exchanges, these platforms are governed by smart contracts and usually feature an automated market maker that matches transactions with the best prices available. They are decentralised finance (DeFi) applications, which are either operated as a decentralised autonomous organisation (DAO) or are fully automatic. Decentralised exchanges are, however, beginning to get a look-in because of regulatory problems facing their counterparts. IDEX, Tinyman and ALGODEX are decentralised exchanges built to serve the Algorand ecosystem.

How to Trade on Algorand

With centralised exchanges, traders can buy or sell Algorand with fiat or existing cryptocurrencies. Users can also transfer their Algorand holdings on centralised exchanges to their wallet applications to enable them to interact with the network.

Algorand trading, within its ecosystem, is possible mainly on decentralised exchanges built on the blockchain. Algorand’s carbon-negative solution supports the onboarding of decentralised applications (DApps) and smart contracts that facilitate DeFi. These DeFi applications enable the trading of Algorand with Algorand Standard Assets (ASAs) in its ecosystem.

On a decentralised exchange, like IDEX or ALGODEX, users can exchange in seconds their $ALGO for stablecoins like Tether (USDT) or realioUSD or other tokens. Some exchange platforms, powered by Algorand Smart Contracts on Layer 1, have advanced tools like an order book and various orders. An order book gives the user access to the pending and completed orders on the particular cryptocurrency pair. Advanced instruments like limit orders and maker or taker orders and stop orders help traders buy or sell at desired prices.

Other decentralised exchanges offer direct token swaps, which traders can use to exchange a stablecoin, for instance, for $ALGO or to sell $ALGO to a stablecoin at market prices. Some platforms, powered by Algorand Smart Contracts, also offer margin trading, which traders can use to increase their position size by borrowing without deducting their trading capital. Leveraged trading is high risk and should not be undertaken by novices.

Algorand trading refers to buying or selling ALGO with other digital currencies or ASAs on centralised or decentralised exchanges. Learn more here.

Written by

Oluwapelumi Adejumo

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