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Algorand (ALGO) is often swapped by users moving value in and out of decentralized applications built on the Algorand network, or by those seeking to consolidate holdings across exchanges. The network runs on a single chain, so there is no need to choose between multiple network options when sending or receiving ALGO. One detail to keep in mind is that the ALGO network requires an Extra ID alongside the wallet address for certain destinations.
Before swapping ALGO, confirm that your receiving wallet or platform supports the ALGO network — there is no alternative network option for this asset. Because the ALGO network requires an Extra ID, check whether your destination address needs one before completing the swap; custodial platforms and exchange deposit addresses frequently require this identifier, while self-custody wallets typically do not. If an Extra ID is required, copy it exactly from your receiving platform — omitting or entering it incorrectly can result in delayed or unrecoverable funds. Confirmation times can vary depending on network conditions, so allow for some flexibility after a swap is initiated. Zest shows the rate and destination details before you confirm, giving you a chance to verify everything is correct.
ALGO
Requires Extra IDWhere an extra identifier such as a memo or tag is required, enter it exactly when the receiving platform asks for one — transfers without it can be delayed or lost.
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Algorand (ALGO) is a cryptocurrency launched in 2019. Algorand has a current supply of 10,000,000,000 with 8,948,683,072.397475 in circulation. The last known price of Algorand is 0.08692121 USD and is up 1.58 over the last 24 hours. It is currently trading on 574 active market(s) with $33,754,277.64 traded over the last 24 hours. More information can be found at http://algorand.foundation.
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