How to get an Algorand wallet

Algorand is the underlying blockchain, with wallets built on top of the protocol. There are several secure and reputable wallets that work seamlessly with the Algorand blockchain, including Pera, Defly, and Ledger. 

Pera Wallet is owned by the Algorand Foundation. This ownership facilitates deep integration and alignment with the Algorand blockchain.

An Algorand wallet is software or hardware that securely stores your private and public keys, which allow you to store, access, send and receive Algo.

If you want to participate in the Algorand ecosystem, you'll need a wallet. This lets you hold your Algo, interact with decentralized applications (dApps) built on Algorand, and more.

Setting up an Algorand wallet is easy! Follow these simple instructions to download and set up a Pera mobile wallet on your Apple or Android device. 

Algorand wallets offer flexibility: mobile and web for on-the-go access, desktop for more control, and hardware for top-notch security. Choose what suits your needs.

Technically, there's no minimum balance required to hold Algo in your wallet. However, there's a minimum reserve requirement of 0.1 Algo for each account that needs to remain in your wallet to perform any transactions (sending or receiving Algo or interacting with dApps). This minimum increases slightly for each additional asset you hold in the wallet (ASA tokens or NFTs).

A hardware wallet—for example, the Ledger Nano hardware wallet—is best suited for cold storage of Algo. These secure devices keep your private keys offline, significantly reducing the risk of theft or hacking. They offer a user-friendly interface and support a wide range of cryptocurrencies, including Algo.