How to buy Algorand with your Solflare wallet?
Easiest ways to buy, swap, or transfer ALGO directly into your Solflare wallet—step by step.
Looking to buy Algorand? You can buy ALGO easily using the Solflare Wallet, whether you prefer to use crypto or pay with fiat, like a credit card or bank transfer. Follow these steps to buy Algorand using the Solflare mobile app or the browser extension.
PRICE / 24H CHANGE
$0.242455
0.00%
0.00%Algorand Buying Guide: How to Buy Algorand with Crypto Using Solflare Mobile app
Buy Algorand (ALGO) directly in the Solflare mobile app by swapping from SOL or other supported tokens. This guide walks you through each step, from funding your wallet to confirming your swap—no third-party DEX required.
Set up or Open your Solflare Wallet
Step 1
Set up or Open your Solflare Wallet
Download and open the Solflare mobile app on your device. Log in to your existing wallet, or create a new one directly in the app.
Don't have an account yet? See our beginner's guide to setting up a Solflare wallet.
Don't have an account yet? See our beginner's guide to setting up a Solflare wallet.
Set up or Open your Solflare Wallet
Step 1
Set Up or Open Your Solflare Extension Wallet
Download and install the Solflare extension for your browser. Once installed, open the extension and log in to your wallet. If you're new to Solflare, click "I need a new wallet" to create one in minutes.
Need help? Follow our step-by-step Solflare wallet setup guide.
Need help? Follow our step-by-step Solflare wallet setup guide.
Deposit SOL or another supported token
Step 2
Deposit SOL or another supported token
Transfer SOL or any supported SPL token into your Solflare wallet. You can send funds from a centralized exchange, another wallet, or even purchase SOL with fiat directly inside the Solflare app.
Need help? Read our detailed guide on transferring tokens to Solflare.
Need help? Read our detailed guide on transferring tokens to Solflare.
Deposit SOL or another supported token
Step 2
Deposit SOL or another supported token
Transfer SOL (or another SPL token) to your Solflare wallet. You can send it from a centralized exchange or another wallet, or buy it with fiat directly in the Solflare app.
Go to the Swap tab
Step 3
Go to the Swap tab
Tap on the Swap tab inside your wallet. This feature lets you trade tokens directly—no need for a separate DEX.
Go to the Swap tab
Step 3
Go to the Swap tab
Navigate to the Swap section in your Solflare browser extension on the right side of your home screen (Portfolio tab) or click on the Trade tab from the menu on the left. Solflare's Swap feature lets you exchange tokens instantly—no need for third-party DEXs or leaving your wallet.
Select Algorand
Step 4
Select Algorand
Choose Algorand (ALGO) as the token you wish to purchase. Then, select the asset you want to swap from (for example, SOL or USDC) and enter the amount you want to buy.
Want to see what else you can buy? Explore all tokens available on Solflare.
Want to see what else you can buy? Explore all tokens available on Solflare.
Select Algorand
Step 4
Select Algorand
Choose Algorand (ALGO) as the token you want to buy. Then select the token you wish to swap from (like SOL or USDC), and enter the amount you'd like to exchange.
Want to see all available tokens? Browse the full list of tokens supported on Solflare.
Want to see all available tokens? Browse the full list of tokens supported on Solflare.
Confirm the swap
Step 5
Confirm the swap
Hit "Swap", review the details, and then "Slide to approve". Your new Algorand tokens will appear in your wallet once the transaction is complete.
Need more help? See our full guide to swapping tokens with Solflare.
Need more help? See our full guide to swapping tokens with Solflare.
Confirm the swap
Step 5
Confirm the swap
Hit "Swap", review the details, and then "Confirm". Your new Algorand tokens will appear in your wallet once the transaction is complete.
Need more help? See our full guide to swapping tokens with Solflare.
Need more help? See our full guide to swapping tokens with Solflare.
Check out live swap rates for Algorand ALGO
Before buying Algorand ALGO double check potential risks
Risk status: Danger
Mintable - Indicates if more tokens can be created after the initial launch.
Mintable
No
Mutable - Enables changes to the token’s metadata after creation.
Mutable
Yes
Freezable - Grants control to freeze token accounts and prevent transfers.
Freezable
No
Top holders - Percentage of the total supply held by the 20 largest wallets.
Top Holders %
100.00%
Total holders
42
Last risk check date
10/21/2025, 4:53:19 AM
Top 10 ALGO holders high ownership
The top 10 wallets hold more than 70% of the Algorand supply.
ALGO — Low Amount of holders
Not many holders are holding the token (Affects Algorand).
Single holder ownership in ALGO
One wallet holds a large amount of the Algorand supply.
Low ALGO liquidity
Low amount of liquidity in the Algorand pool.
ALGO high ownership concentration
Top wallets hold more than 80% of the Algorand supply.
Low number of LP providers for ALGO
Only a few users are providing liquidity for Algorand.
ALGO metadata is mutable
The Algorand token's metadata can be changed by the owner.
FAQ - How to Buy Algorand with Solflare Wallet
What is Solflare Wallet?
Solflare is a non-custodial wallet designed for the Solana blockchain. It lets you securely store, send, receive, stake, and swap Solana-based tokens—including SPL tokens like Algorand. Solflare is available as a mobile app, browser extension, and web wallet, making it a go-to choice for Solana users.
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