New to Algorand?
How to buy ALGO and send it to a non-custodial wallet
Step 1: Buy ALGO
Start by choosing an exchange to buy some ALGO.
Some options: Coinbase, Binance, FTX, KuCoin
Some exchanges have limits on withdrawing crypto. Make sure you’re aware of all the rules and restrictions of the exchange you pick.
Step 2: Set up a Non-Custodial Algorand Wallet
We recommend using the Pera Wallet or Defly. You can use both at the same time with the same address.
A non-custodial wallet means YOU control your private keys and no-one else. You’re solely responsible for the safe keeping of your private keys. If you lose your private key there is no recovery process.
Pera Wallet
Once you’ve downloaded Pera you can choose to add a new account or recover with a passphrase. If you’ve already created a wallet with MyAlgo, hit “Recover With Passphrase” and enter in your 25-word private key to import your wallet.
If you wish to create a new account, press “Add New Account”
Next press “Create New Account”
WRITE DOWN your seed phrase on paper and store it safely, this is your private key.
Step 3: Transfer ALGO from an Exchange to a Non-Custodial Wallet
On your exchange account, press “Withdraw”. Copy your wallet address from the Pera Wallet or defly, highlighted in yellow, and paste the address in. This will transfer your ALGO from the centralized exchanges wallet to your wallet. Now you're free to connect your Pera / Defly wallets to Algorand dApps like NFDomains!
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