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 (in this example we are using MyAlgo Wallet).
- 3.Click on the "Add Asset" button and enter the "Token ID" into the field.The "Add Asset" button and the "Token ID" field appears on the top right of the MyAlgo Wallet.
- 4.Once the "Token ID" is entered, the asset with the token will appear. Select it.An asset with the token ID entered.
- 5.Click on the appropriate asset then enter your password and click on the "Add Asset" button.
Once that is done, the asset will have been added to your Algorand wallet.