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Send Algorand

 

Rain provides an easy way for you to send Algorand (ALGO) from your account to any ALGO address. 

 

Requirements:

  1. Rain ALGO account. You will need a positive balance in your Rain ALGO account to be able to send.   

  2. Receiving Address. You will need a valid ALGO address to send ALGO.

NOTE: Please ensure to transfer your ALGO through the ALGO network only.

NOTE: sending ALGO to non ALGO addresses is not possible, and will result in irreversible loss of funds.

 

Steps (Rain website):

  1. Log in to your Rain account. 

  2. Click on Portfolio.

  3. Enter the ALGO amount you want to send or equivalent in the currency you have on your Rain account.

  4. Enter the ALGO address you are sending the funds to.

  5. Select the account you are withdrawing from. Click Preview Send.

  6. Review the information on the Confirm Send page. Click Send Now.

  7. You will receive a code to verify your transaction. Enter the SMS code sent to your phone. Click Submit.

NOTE: Algorand should arrive in 10 minutes to an hour, depending on the network condition. You can check the amount of confirmations on your transaction by checking the transaction details. 

 

  

Steps (Rain app):

    1. Open the Rain app on your phone. For more information about the Rain app click here.

    2. Visit the market or portfolio page and select Algorand

    3. Tap Trade and select Send 

    4. Enter the ALGO amount you want to send or equivalent in the currency you have on your Rain account.

  • Enter the ALGO address you are sending the funds to or you can scan the QR code.

    1. Click preview purchase.

  • Review the transaction details. Click Send Now.

  • You will receive a code to verify your transaction. Enter the SMS code sent to your phone. Click Submit.

NOTE: Algorand should arrive in 10 minutes to an hour, depending on the network condition. You can check the amount of confirmations on your transaction by checking the transaction details. 

 

 

About Rain

Rain is a cryptocurrency platform in the Middle East, headquartered in the Kingdom of Bahrain. We are licensed and regulated by the Central Bank of Bahrain (CBB). Rain enables you to buy, sell, and store bitcoin and other cryptocurrencies, in a regulated, secure, and compliant way.

 

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