How to Buy Cosmos Coin (ATOM) in 2021: A Simple Guide

Cosmos ATOMIn this guide you’ll get information about where to buy Cosmos, if you are planning to buy ATOM – You’re in the right place!

Cosmos is the crypto platform that was created by ICF (Interchain Foundation), a Swiss nonprofit company responsible for funding the blockchain project. This platform alone implements open source mechanism so users are able to contribute to the community – and they can make whatever adjustment necessary to cater to their needs.

The platform is claimed as the Internet of Blockchain, which means that it can create a special crypto network where streamlined transactions can take place among them. Unlike other platforms that may focus on improved activity transactions, this platform is more about adjustability, versatility, and interoperability among parties within Cosmos network.

Cosmos (ATOM) Features

  • Layered systems and mechanism. These layered mechanisms is designed not only to create better performance, but also to boost safety and better communication. Through Application, you can enjoy fast and efficient updates and transactions through the advanced network. Through Networking, you can enjoy smooth communication between the blockchains and transactions. Through Consensus, it helps the nodes to agree on the system’s current state. And all of these features are tied together with the open source tools.
  • Open source environment. Because of the open source nature, you should be able to enjoy flexible and versatile arrangement.
  • Tendermint BFT engine. It is the network engine enabling the developers to build solid blockchains system – and they don’t even have to code the blockchains from the very beginning.
  • Application Blockchain Interface. This is the protocol used to connect all the applications within the platform.
  • IBC protocol. The Inter-Blockchain Communication protocol is the mechanism that allows information to travel securely and freely between every (connected) zone.
  • Cosmos SDK (Software Development Kit). This enables developers to create (and build) blockchains through Tendermint algorithm.

Where to Buy, Sell and Trade Cosmos aka ATOM

You can basically use debit card, credit card, or even PayPal to buy the Cosmos (or any other cryptocurrencies). However, the transaction won’t be direct. It’s not like you pay with cash and you get the Cosmos as the exchange.

With cryptocurrency, things are different. You need to use debit card or credit card to buy the Ethereum or Bitcoin first. After you get the Ethereum or Bitcoin, you can convert it to Cosmos. It takes several stages and processes. You need to gain access to the reputable cryptocurrency exchange first to make sure that everything is safe and sound.

In general, the process would be:

  1. You go to the online exchange and buy the Ethereum or Bitcoin
  2. Find a crypto exchange that supports Cosmos currency and exchange your Ethereum or Bitcoin with the Cosmos
  3. Store your Cosmos to a secured wallet

Step 1: Buy Bitcoin (BTC) or Ethereum (ETH) at Coinbase

There is no better way to get started with cryptocurrencies than aiming high for the big boys. You have to buy your first shares of Bitcoin or Ethereum by creating an account at COINBASE. The best to do so is by creating a confirmed account in the platform and explore your options.

The site will ask for some basic information about yourself, make sure to tell the truth. Otherwise, you could face withholding of your investment. Make sure to type your name, your e-mail, and your password correctly. The stronger your password is, the safest your money will be. You will be asked to check your status as a living being using a re-captcha box and to agree to the terms of use of the platform.

Get $10 Bonus when you sign up for Coinbase!

coinbaseClick here to register (opens in new tab)

  • You will be asked to through the process of confirming your e-mail address as well as verifying your identity. It would be best if you went through that procedure at once to avoid any issues before putting money on the platform. Coinbase will ask for personal information such as your home phone number, your address, and proof of your identity using an official document such as a passport or a driver’s license.
  • Keep in mind that Coinbase takes some time to verify your ID, but once your account is verified, things can move forward on your end. By confirming your identity, you will have better security on your account, and the people working at Coinbase will be able to help you with easy on any issue you face. You will also be able to trade larger numbers of money on your transactions as well as other perks related to the trading information the goes inside the platform.
  • You can also manage your payment options. As we mentioned previously, the sites make it very easy to handle FIAT money to pay for the altcoins you want to have in your portfolio. You can check in your bank account to make direct deposits or withdrawals. While this method is excellent, it takes at least two days to verify it on Coinbase’s end. You can also register your credit cards, debit cards, and even your PayPal account in the buy/sell link located on the top menu.

That’s the first step in buying Cosmos, once you get your Bitcoin or Ethereum, you can continue to the next step.

Step 2: Choosing the Best Cryptocurrency Exchange for Your Investments

After you have your Coinbase account, you need to choose a cryptocurrency exchange to make your deals, then you need to transfer your newly purchased BTC or ETH from your Coinbase wallet.

With so many options out there and so many unbalanced reviews across the internet, it can be quite challenging to choose the right exchange service. Since we are looking out for you and we are interested in making you win money as well, we have taken the liberty of picking ten of the best ranking exchanges you can contact on the internet. For the sake of transparency, we can tell you that our operations keep running each time you click on these recommendations.

These are the best exchanges we can recommend for you to exchange BTC or ETH with Cosmos:

BINANCE
binanceBinance is  the top-ranked cryptocurrency exchange in the market, and it’s the place to go to trade large volumes of digital assets. They established their operations back in 2017 in Malta, one of the few countries to openly embrace cryptocurrencies as a financial instrument. They currently average up to 1.2 billion dollars in trade right now. Binance.com is unable to provide services to U.S. citizens or residents.

  • Deposit Methods: Bank transfer (ACH), Bank transfer, Cryptocurrency, Debit card, Wire transfer
  • Fiat Currencies: USD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH, KZT & 5+ more
  • Supported Cryptocurrencies: BTC, EOS, BCH, ETH, FET, XVG, TRX, NEBL, XRP, NEO & 345+ more
  • Trading Pairs: 1189+
GATE.io
gate.ioGate.io is a crypto exchange service that is part of Gate Technology Inc. Gate.io is registered in Virginia, United States, and founded in 2017. They only handle transactions using cryptocurrencies, so you won’t find Fiat options with them. Since they work with the best ranked digital assets in the industry, they can average up to $48million in transactions. Gate.io crypto exchange allows users in 49 states within the US to trade the spot crypto market except for Washington State and New York State.

  • Deposit Methods: Cryptocurrency Only
  • Fiat Currencies: N/A
  • Supported Cryptocurrencies: BCH, EOS, TRX, ONT, ETH, BTC, BTM, AE, OCN, ADA, IHT, XRP, ETC, NAS, LTC, & over 565+ more
  • Trading Pairs: 1118+

IMPORTANT! Once you are registered to any of the above, find the BTC/ATOM or ETH/ATOM trading pair and then place the order to buy those pairing cryptocurrencies. Go back to COINBASE and transfer/exchange your Bitcoin/Ethereum.

Step 3: Managing Your Crypto Assets in a Secure Wallet

As your portfolio of crypto assets expand, you will need to have a crypto wallet to keep your goods safe. There are thousands of service providers on that end, and choosing the right one would take an entirely new guide to share some knowledge about this topic.

You can install one of these wallets in your hardware. That way, you can keep your currencies in your devices, such as your desktop or laptop. If you prefer, you can also use an online wallet to keep your holdings safe on the internet.

There are also options to have mobile wallets installed on your smart device, but most of them are lacking in the space department. The final option would be a paper wallet, which is nothing more than a euphemism to get an official legal document that states the content of your wallet and the keys to gain access to them.

For Securing your Cosmos (ATOM) We recommend you to use hardware wallet which support many cryptocurrencies – Choose between these two: Ledger or Trezor

ledger nano x

LEDGER NANO-X

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

TREZOR MODEL-T

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

Frequently Asked Questions (Faqs)

Can I Buy Cosmos (ATOM) with PayPal?

You won’t be able to buy this directly with PayPal. If you are going to use PayPal, you need to buy Bitcoin or Ethereum first and then exchange it with the Cosmos. You can use LocalBitcoins to find BTC or ETH seller who accept paypal as payment.

Can I Buy Cosmos (ATOM) with Cash?

You can’t buy it directly, you need to get bitcoin/ethereum first. buying BTC or ETH with cash you can do the following:

  • Make sure you have a BTC / ETH wallet before you buy from seller
  • Go to LocalBitcoins and find person in your area who sells bitcoin/ethereum and accept cash.

Can I Buy Cosmos (ATOM) with Skrill?

You can’t buy ATOM directly with skrill but you can buy Bitcoin/Ethereum first using Skrill and exchange it later to Cosmos. You can buy BTC/ETH with skrill by using these exchanges::

Can I Buy Cosmos (ATOM) with Bitcoin?

Yes, you are basically exchanging your Bitcoin with this. Just head to any exchanges listed above, find trading pair BTC/ATOM and begin the transactions.

Can I Buy Cosmos (ATOM) with Ethereum?

Yes, the process is similar to using Bitcoin: Find a criptocurrency exchange which support ETH/ATOM trading pair.

What Is the Best Payment Method to Buy Cosmos (ATOM)?

The cheapest way is to use bank account to buy Bitcoins first or to buy the Cosmos right away. The fastest way is to use a credit card but you will then be charged higher fees.

How to Protect Cosmos (ATOM)?

Once you have purchased the Cosmos, transfer it to your wallet. We recommend using hardware wallet, here are some recommendations:

ledger nano x

Securely trade on-the-go and manage a large number of assets at the same time, with only one device.

  • Secure
  • Mobile Friendly
  • Easy to Manage
  • Supported Coins: 1200+

trezor model t

The next-generation cryptocurrency hardware wallet, designed to be your universal vault for all of your digital assets. Store and encrypt your coins, passwords and other digital keys with confidence.

  • Invented for your digital independence
  • keeps your keys safe
  • Easily back up your entire wallet
  • Supported Coins: 1093+

How to Sell Cosmos (ATOM)?

Find a crypto exchange which allow pairing ATOM with BTC or ETH – convert it back to Bitcoin or Ethereum, then sell your BTC or ETH for a fiat currency.

Can I Mine Cosmos (ATOM) and Not Buying It?

You can’t mine this actually. It has a completely different network and structure than the regular Bitcoin. The only way to own a Cosmos is to buy it from a reliable exchange.

Conclusion

Cosmos would be an interesting platform if you are interested in consensus platform and crypto network. This can also provide better chance of future investment, especially in crypto sector. But in order to get the access to the platform, you will have to buy the coin, and you can only do it if you know how to buy Cosmos coin.

Leave a Comment

error: