If you are looking to buy Algorand with Payeer USD, HiExchange is the ultimate platform for the job. Essentially, Algorand (ALGO) is an Ethereum competitor that offers excellent scalability and speed. To make things even better, the blockchain also has a bridge connecting it to Ethereum. Last year, ALGO had a quick rise to fame and found a strong army of investors including some political figures in the United States. Luckily, you can buy Algorand with Payeer and other currencies on HiExchange platform and take advantage of the benefits. HiExchange offers unparalleled anonymity and reliability all while charging no added fees. Stay with us as we go over everything you need to know for this exchange direction.
Learn How to Buy Cryptocurrency with Payeer
What Do I Need to Buy Algorand with Payeer?
Basically, you will need a verified and active Payeer account to send the funds. On the other hand, you will have to have a reliable crypto wallet that supports Algorand (ALGO). Make sure to double check on your wallet address since crypto transactions are irreversible. As for HiExchange, all you need is an email-address since no KYC (know your customer) is necessary. However, bear in mind that there are many advantages available for those who sign up on HiExchange. Want a good reason why? How about winning $100 ever month!
What is Algorand (ALGO)?
Officially launched in 2019, Algorand is a proof of stake blockchain network with great emphasis on scalability and speed. As on open-source and decentralized network, Algorand is not a new idea to begin with. However, where it proves to be different is the unique design that allows for faster consensus. With a two-tiered structure, this payment-focused network achieves amazing scalability.
Currently, Algorand network can process over 1000 transactions per second while transaction finality takes less than five seconds. At this point you might say that there are faster networks out there. Well, yes but actually no!
We’ve previously talked about the blockchain trilemma on this blog. Essentially, it is difficult and rare for a blockchain to offer security, speed and decentralization. For example, Solana network is one of the fastest ones out there but it is not that decentralized. In that regard, Algorand is maintaining all positive aspects of an ideal blockchain at once.
You can also exchange Algorand to PayPal with awesome exchange rates!
Why Use Payeer?
First and foremost, Payeer is considered an online digital wallet for better asset management. Be it crypto of fiat, the payment processor is quick, reliable and cheap. In that regard, in a short lifespan of almost 8 years, Payeer is now recognized as one of the very best amongst
competitors. Payeer utilizes built-in payment services with giant financial services such as Mastercard, VISA and PayPal.
As of 2021, the Payeer has approximately 7 million users which can transfer funds to each other with extremely low fees. The strength however, lies in diversity. Payeer is far ahead of any similar platform in terms of scale of operation and diversity in supported payment methods. With more than 50 payment approaches, the Payeer wallet offers users various services in one place.
To learn more about Payeer, continue reading “What is Payeer?”
Viva La HiExchange!
To exchange any cryptocurrency, you will need to find a good platform first. However, despite the diversity, it is quite a difficult task to find a good online exchange. The problem begins by compromising on your standards. You will want good exchange rates, privacy and reliability altogether. And that is hard to find!
Harsh regulations are pushing exchanges to disclose customer data to governments. This goes against the initial purpose of crypto which is absolute anonymity. Even worse, user data is a commodity, large institutions buy your information at a certain price. The best way to make sure your data is safe, is to not share them at all.
However, it is a luxury to offer no KYC, hence many exchanges charge customers with ridiculous exchange rates to compensate for the anonymity.
HiExchange on the other hand gives you everything all at once. Want privacy? We have no KYC. Want the best exchange rates? Well, simply visit Bestchange or OkChanger and see for yourself how we are always on top of their lists.
And to make sure everything goes right, we offer 24/7 customer support.
How to Buy Algorand with Payeer USD?
- Select Payeer USD on the “I Give” field on the left and Algorand (ALGO) on the “I Get” field on the right.
- Enter the desired amount for the exchange and wait for the site to calculate the amazing exchange rates!
- Enter your ALGO Wallet address and E-mail address
- Read the Information
- Complete the CAPTCHA
- At this point, please check the transaction information and terms and conditions carefully.
- You will be able to see the track id and HiExchange Payeer account
- Open your Payeer account, click on the account menu and copy the account number that begins by the letter “p” and paste it in the required field.
- Go back to your Payeer account and send the exchange amount to HiExchange Payeer account.
- Once you have sent the exchange amount, go to the history menu on your Payeer account and copy the operation id for the payment. Then paste the operation id in the required field.
- Kindly agree to the terms and conditions and click on “Pay Order.
All Good
When you finish the steps above, our team will process your order and send the Algorand (ALGO) to your wallet address. The transaction may take a few minutes. In the meantime, you will have a track id to follow up on your order. Simply enter the main page and type in your track id in the specified field to see your live order status. Keep in mind that your track id is private information and you should not share it with anyone else.
