Algorand (ALGO)
Budget for an asset opt-in before the first receipt.
CoinMarketCap rank #66 · 1 November 2026
How it works
An Algorand account generally opts in before receiving an Algorand Standard Asset. Opting in also affects the minimum ALGO balance the account must maintain.
Worked example
When a first token payment fails, compare the exact asset ID with the assets already accepted by the receiving account. Two assets can use the same display name.
What to verify
Check available ALGO after the minimum balance requirement and transaction fees.