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Algorand Asset Opt-in
On the Algorand blockchain, you have the ability to choose what asset(s) you can receive by opting-in or opting-out through your Algorand wallet.
When opting-in to an asset, a small transaction fee of 0.001 ALGO will be deducted from your wallet balance.
- 1.To opt-in to an asset, you will need to know the asset ID.
- 2.Once you have the asset ID, you can opt-in by adding the asset in your wallet.
- 3.Click on the "Add Asset" button.
Example of adding an asset on Pera mobile wallet
- 4.Enter the asset ID into the search bar and the corresponding token will appear. Click to select it.
- 5.Finally, click on "Approve" to opt-in to the asset.
- 6.Once that is done, the asset will have been added to your Algorand wallet.