What are the best places to buy Cosmos cryptocurrency? Also, this guide will deep dive into the project by researching its potential as a blockchain project.
Back in 2016, when Ethereum was launched the world witnessed a new technology-based upon smart contracts and decentralized applications(Dapps). In short, this technology uses transactions being stored in blocks or a distributed ledger and in a decentralized way.
Moreover, Ethereum(ETH) witnessed massive growth by becoming the second-largest blockchain project in the world. Additionally, many investors jumped on the bandwagon by starting to invest in ETH and became wealthy in just a few years.
Although, there is lot’s of opportunity in the cryptocurrency markets it’s very important to do your own research. It will also reduce the chance to get scammed or prevent you from investing in projects that offer zero value.
This guide in best platforms to buy Cosmos(ATOM) will help you by this and also gives you some deeper insight in the project and why it could be a real winner in the long run. So let’s go 😎
What is Cosmos(ATOM) cryptocurrency?
Cosmos is a network of blockchains that support the development of decentralized applications. In contrary to platforms like Ethereum it doesn’t support smart contracts and has it’s focus mainly targeted at security.
The way Cosmos works is that the network is divided into two different types of blockchains—the hub and the zones. The hub is the main Cosmos chain where all of the network’s validators are, while the zones are all other chains added to the hub that utilize the Cosmos SDK framework.
In addition, Cosmos uses the sidechain networks to allow other cryptocurrencies and decentralized networks to interoperate with them which is unique in this young industry. For example, the Cosmos network creates a new zone(currently on testnet) where other blockchain networks can connect and plug into.
Additionally, within this newly created zone, these two blockchain networks can pass tokens back and forth without the need for an intermediary. In general, this type of network interoperability is secure and allows for cheap transactions.
Finally, this blockchain network uses the ATOM token as store of value and can be transacted or stored in cryptocurrency wallets.
Best places to buy Cosmos(ATOM)
In short, below a consolidated list of options in places to buy Cosmos(ATOM) coins. For the ease of use I have chosen exchanges that are reliable, secure and offer high liquidity.
- Binance – World’s most popular cryptocurrency exchange with almost zero fees
- Kraken – US-based exchange that offers the most fiat trading pairs(AUD, EUR, USD, GBP)
- Bitfinex – One of the eldest in the list and mainly targetted professional traders
- Coinbase – Most reliable exchange to start with cryptocurrency(especially US customers)
What is the Best way to buy ATOM Crypto with fiat?
First of all, buying a cryptocurrency like Cosmos isn’t that hard anymore, especially if you compare it with buying cryptocurrency 5 years ago. Even though, buying with fiat can still be a real bummer if you don’t like to give all your personal details(passport or driver’s license) upfront.
Basically, Changelly allows anonymity for its users and also acts as a bridge, narrowing the gap between users and major cryptocurrency exchanges. Because it does not require any verification, it is available worldwide with no geographical restrictions or limitations. How does it work?
Buying Cosmos(ATOM) with Changelly
It is important to realize that Changelly isn’t a platform that uses custodian wallets like Binance or Coinbase to store your cryptocurrency. As a result of this, you should have a local wallet installed on your desktop or mobile phone.
- Install a multicurrency wallet like Trust or Atomic
- Go to the Changelly platform
- Choose ‘Buy’ and give the amount in fiat(USD or EUR)
- Give your country and state and choose ‘Buy Atom now’
- Choose the offer you prefer and also the way you like to pay(VISA, Mastercard, Apple Pay, or Bank transfer)
- Afterward, the crypto will be sent to your wallet instantly
What is the Quickest way to buy ATOM?
If you are in a real hurry to acquire some new ATOM and don’t bother much about extra fees then there are two options available. The best place to buy Cosmos depends a little on this situation. Particularly there are two scenarios: you already own some cryptocurrency or you want to buy with fiat currency.
In the first option, you already own some Bitcoin, ETH, LTC, or any other cryptocurrency. The next step is to use Changelly(platform explained above) and convert to ATOM right away. This is pretty straightforward and very quick.
Moreover, and maybe even better, you already have an account at Binance or Coinbase. Suppose you have some BTC at Binance, than the next thing to do would be to use the ‘Convert’ option. You can find this in the upper menu and you can convert to ATOM tokens right away.
The second option is a little more complicated as you want to buy ATOM with fiat currency instantly. Therefore, I would use the Changelly platform and follow the steps as explained above.
What is the Cheapest place to buy Cosmos(ATOM)?
Let’s get things straight, ATOM is a token that an be traded as a digital asset and therefore undergoes heavy prices swings. Additionally, buying some cheap ATOM tokens totally depends on the skill you have as a trader(buy at the lowest price possible). Besides, I’m not a financial adviser and can’t give you proper tips about trading cryptocurrencies.
However, trading cryptocurrencies like ATOM comes at a price and the more transactions you make over time can really addup in costs in the long run. To avoid costs that can harm your profits it’s very wise to choose a cheap exchange. Binance trading platform is a good example of a cryptocurency exchange that is known for it’s low trading fees.
Where to Buy Cosmos(ATOM) in the US?
In general crypto traders from the USA are very limited in the options they have on trading digital assets on a global scale. In most cases, only the coins that can apply to strict legal regulations are allowed. Luckily for you(if you are from the USA) Cosmos can be traded or bought on Coinbase and Kraken.
Best platforms to Buy Cosmos(ATOM): Comparison
This comparison guide provides an overview of places to buy Cosmos(ATOM) that are reliable and secure. The research is based on assessing the platform’s features, ease of use, fees for buying crypto, and security.
|Platform||Maker fees||Taker fees||Rating|
Cryptocurrency exchanges that offer Cosmos(ATOM) trading
Next in this guide, I’ll deep dive into the different platforms that offer to trade in ATOM cryptocurrency. Also, each platform has its unique features and it’s up to you to decide which one will suit you best!
First there is Binance, a crypto trading platform that is is founded by Changpeng Zhao, a well-known blockchain industry expert and expert in setting up trading systems.
In the past, he also founded BijieTech and was head of development at Blockchain.info. Binance can be considered as the best altcoin trading platform if you consider the trading volume and the number of coins listed on the exchange(300+).
Additionally, based on daily(24h) trading volumes, Binance is the biggest cryptocurrency exchange in the world. Also, it has millions of cryptocurrency traders using its platform on a daily basis.
Besides trading, Binance offers several other feature-rich products, including custodian wallets, crypto margin trading, lending service, and earning rewards with staking.
Trading a Binance can be done with almost zero fees(0.075%) and you can use this link when signing up. It will give you an additional 10% discount on fees for life 🙂
ATOM cryptocurrency pairs on Binance
Another popular place to trade ATOM is the Kraken exchange. Kraken is one of the most reliable and safest cryptocurrency exchanges out there and has been around for a while already.
Founded in 2011, Kraken is a US-based cryptocurrency trading platform available in 48 US states and 176 countries. Also, because of its safe reputation, the exchange data is being used as a ticker(BTC/USD) on the Bloomberg terminal.
The Kraken platform is specialized in offering Bitcoin trading services for the beginner as well as the professional trader. Besides trading in digital assets, it’s also possible to store your crypto in custodian wallets, crypto lending services, and staking cryptocurrencies.
Spot trading a cryptocurrency like Cosmos(ATOM) gives you a fee of 0.16% and this value decreases when USD volume rises. Additionaly, margin trading is even cheaper where the rate is set to 0.01%.
ATOM trading pairs on Kraken
Bitfinex has been around for many years in the cryptocurrency space and is one of the exchanges with the highest daily trading volumes. To start trading at this exchange you have to sign up and go to a regular KYC/AML procedure first.
This online trading company is based in Hong Kong and has been operational since 2014. It gives its users the option to trade more than 100 cryptocurrencies/pairs in exchange for USD, EUR, ETH, or BTC. Depositing EURO or USD to this is exchange is currently only available by wire transfer.
Bitfinex is very popular among professional traders because of its high trading volumes and the possibilities to go Long or Short. Therefore to start trading at this platform a minimal deposit of $10.000 is needed to get an account there.
Following are the supported pairs on Bitfinex exchange for Cosmos:
Finally there is Coinbase. Introduced in June 2012, Coinbase is one of the longest-running exchanges around today.
This reputable platform provides a wide range of crypto services trusted by millions of users across the globe. Among the long list of services this exchange provides, their brokerage service is arguably their strongest selling point to date.
Coinbase offers one of the easiest channels through which new users seeking to build a strong digital portfolio. For instance, customers can buy cryptocurrencies directly from their banks through bank transfers, debit/credit card transactions, as well as SEPA transfers.
Moreover, Coinbase makes buying and selling of cryptocurrencies like ATOM as easy as ordering a pack of pizza.
Following are the supported pairs on Coinbase for Cosmos(ATOM):
To enumerate, Cosmos cryptocurrency is a blockchain project with huge potentials. As they are trying to connect other blockchain networks and making sure data remains secure and private. Remember, the entire cryptocurrency market is very young and small compared to more traditional markets like stocks or commodities.
Furthermore, by investing in projects that are promising, it’s also very important to find the best places to buy or trade ATOM. With this guide, I hope it’s more clear to you what options you have as an investor and know what places to go to in order to build some future wealth.
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