Where to Buy Cosmos ATOM – Beginner’s Guide

The Cosmos ATOM token is one of the hottest tokens in the market right now. It has done a relatively good job of bucking the market’s bearish trend, especially as the Cosmos ecosystem itself continues to grow. Opportunistic investors will definitely be looking to buy Cosmos to add it to their portfolios.

This guide explains everything you need to know about Cosmos and how you and get your hands on it. We discuss where to buy Cosmos crypto, how to purchase this digital asset, and much more.

How to Buy Cosmos (ATOM) – Quick Steps

Where to Buy Cosmos

Looking for where to buy Cosmos? There are many platforms in the market that offer exposure to this asset, although we have the best of the bunch below:

1. Crypto.com: Low Fees on ATOM Purchases

Newbie investors might not necessarily know much about Crypto.com. However, the exchange has built its reputation over the past few months. Today, Crypto.com has become one of the most trusted exchanges on the market.

Based in Singapore, Crypto.com was built in 2017. The exchange is registered with the Malta Financial Services Authority (MFSA) – the top financial regulator on the island of Malta. In fact, it is one of the few crypto exchanges to gain a license from the regulator. With presence in over 50 countries, Crypto.com is definitely a force to be reckoned with in the crypto market. 

If you’re looking to buy ATOM, Crypto.com offers deep liquidity and a relatively easy-to-use platform. 

The exchange has over 150 digital assets and trading pairs, providing trading options for crypto investors. 

Even better, Crypto.com charges some of the lowest fees on the market. The platform charges about 0.04% to 0.4% maker fees and 0.1% to 0.4% taker fees. For credit card purchases, Crypto.com levies a 2.99% on purchases. 

Security won’t be an issue if you decide to buy ATOM or any other digital asset on Crypto.com. From multi-factor authentication (MFA) and whitelisting to compliance monitoring measures and 98% cold storage, this exchange takes your security very seriously. 

Cryptoassets are a highly volatile unregulated investment product.

2. Binance: The Crypto Market’s Leading Exchange  

Binance needs no introduction to crypto enthusiasts. The platform is the largest crypto exchange globally, processing billions in trades daily.

Established in 2017, Binance has gone on to rule the crypto world. The exchange has had a rough regulatory run – being registered in China, then Malta, then Hong Kong. it operates as a floating entity today, but that hasn’t stopped it from operating in over 100 countries globally.

Binance’s benefit stems from its size. The exchange is highly liquid, with access to over 100 coins and even more trading pairs. If you’re looking for where to buy Cosmos crypto, this is definitely a great place to be. Your order will be fulfilled in seconds, and you won’t have to stay stranded. 

Investors looking to buy ATOM can do so using cards, payment processors, and bank transfers for select countries. And, the minimum balance on Binance is also $10. So, you should be more than fine. 

If you’re a trader, you can check out Binance’s suite of derivatives and trading tools to see which works for you. The exchange offers pretty much everything you need – from futures to margin trading and more. So, it doesn’t really matter what you want – rest assured that Binance has you covered. 

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection

3. Coinbase: An Easy-To-Use Exchange For Beginners

Another name that needs no introduction, Coinbase is seen by many as the only exchange that can go toe to toe with Binance in terms of spot trading. The platform is the largest exchange in North America, and it is especially noted for its suite of additional features.

Coinbase has been operating since 2012. The company is based in San Francisco, and it is registered with the Securities & Exchange Commission (SEC). The exchange also has a money services business designation from the Financial Conduct Authority (FCA). 

In terms of what Coinbase offers, you get an easy-to-use interface and a highly responsive mobile app. Coinbase is also very liquid, allowing you to process orders in seconds. It has a minimum balance of just $2, so you can enjoy a low barrier to entry. 

Then, there are additional benefits of Coinbase as well. The exchange offers different tools that allow you to make money when you buy ATOM – from a staking tool to a credit card (for American customers).

Cryptoassets are a highly volatile unregulated investment product.

What is Cosmos?

Hailed by many as the “Internet of blockchains,” Cosmos is a blockchain platform that is looking to build a network of crypto networks – all connected by open-source tools that help to reduce transaction costs and optimize speeds. 

Cosmo focuses on blockchain interoperability and customizability. Instead of prioritizing its own network, Cosmos focuses on building an ecosystem of other networks that can easily share tokens and data without any central party facilitating activities. 

Every independent blockchain created within the Cosmos ecosystem is connected to the central Cosmos Hub. The hub is a proof-of-stake blockchain that maintains a record of the state of each independent blockchain. It is powered by ATOM – the native Cosmos cryptocurrency. 

Is Cosmos a Good Investment?

So, should you buy ATOM? Let’s consider some of the biggest selling points of the Cosmos ecosystem and the ATOM asset. 

• A Rising Start in Crypto

Already, Cosmos has over 250 services and apps running on its network. All of these services have contributed to over $112 billion in assets under management. Some popular projects built on Cosmos include Terra, the Crypto.com coin, and the Binance Chain.

• An Impressive Use Case

Cosmos focuses on interoperability and interconnectivity for blockchains. The platform is aimed at ensuring that blockchains can seamlessly share data and tokens. 

Blockchain experts believe that interoperability will be a major part of the industry’s future. So, Cosmos definitely looks like it will be around for a while. 

• DeFi Uses

The Cosmos network has also expanded well into decentralized finance (DeFi). The network already hosts some DeFi protocol, and its integration with the Ethereum blockchain – which handles the bulk of DeFi applications- opens it up to millions of users.

• Leading a Nascent Space

As explained earlier, Cosmos focuses on ensuring seamless communication among blockchains. There aren’t many protocols that operate here. 

The biggest competitor to Cosmos is Polkadot. However, Cosmos operates differently. The platform uses its Cosmos Hub to connect all independent blockchains, and it engages the Inter-Blockchain Communication Protocol to enable seamless data connection and sharing among all connected chains. 

Cosmos is also unique thanks to its proprietary software – called Tendermint – that allows users to build and develop their own independent chains. 

• Passive Income

Investors can also buy Cosmos crypto if they’re looking to earn passive income. The asset is a proof-of-stake coin, so you can easily stake it in a protocol and earn interest on your coins. So, you get to benefit from the market’s moves and still get an attractive interest.

What is Cosmos Used For?

Cosmos’s primary use case is for blockchain optimization. To wit, the chain focuses on the following uses: 

• Blockchain Development 

Cosmos offers its platform to companies that want to optimize their processes using blockchain technology. Thanks to Tendermint and the Cosmos Software Development Kit (SKD), you have a launchpad that helps you build your chain and launch it in less time.

• Blockchain Interoperability 

Another huge benefit of Cosmos is that it ensures easy interoperability between blockchains. So, if you’re looking to get price data for your trading activities or functionality data to help improve the efficiency of your dedicated blockchain, Cosmos offers a great way for you to get both. 

Cosmos Price

Currently, the Cosmos price stands at $28.24. The asset has dropped by 4.16% in the past 24 hours, compared to the crypto market – which is down by 1.45% in the same time. 

With the general crypto market-moving rather slowly, it is understandable that the Cosmos price is trading downwards. 

Cosmos Price Prediction

There have been different predictions for the Cosmos price right now. Different analysts have shared their Cosmos price predictions, but the general outlook is bullish. 

Wallet Investor – one of the foremost price prediction platforms in the market – believes that the average Cosmos price could reach $48.12 by February 2023 and grow to $131 by 2027. 

Digital Coin has also shared a prediction for the average Cosmos price to be $43.10 in 2022. The price should go up to $50.10 in 2023, $68.5 in 2025, and $151 in 2030.

Then, Price Prediction has also shared a forecast of $45.6 in 2022 for the Cosmos price. The platform believes that the price could go as high as $152.7 in 2025 and $905 in 2030.

Ways of Buying Cosmos

Now that we know where to buy Cosmos crypto, it’s also worth understanding the different payment methods you can use to purchase the asset. 

• Buy Cosmos with PayPal

PayPal needs no introduction to many of us. The service is arguably the largest online payment processor in the world. PayPal is popular with millions of users – both individual and merchants. The platform’s ubiquity makes it a great option for anyone looking for how to buy Cosmos ATOM.

With PayPal, the biggest benefit is convenience. The service allows you to purchase crypto from the comfort of your home, with transactions taking just a few minutes. And, you can enjoy optimal convenience.

PayPal is available as a top-up option on all the platforms for where to buy Cosmos. So, if you’d like to make a purchase of the asset, you can easily link your PayPal account to the crypto exchange and make a deposit.

The only caveat to PayPal is that the service charges fees. Depending on the exchange and transaction size, the fees can vary. So, be sure to check the fees and ensure that you’re fine with them. Once you are, go ahead. 

• Buy Cosmos with Credit or Debit Card

When it comes to how to buy Cosmos ATOM, credit and debit card purchases are often the most common. 

This funding option is exciting beca​​use of its pervasiveness – almost every adult in a financially-inclusive country owns a credit card. Credit cards are popular due to their rewards, ability to improve your credit score and security features.

As a ubiquitous option, the brokers reviewed above also support card purchases. However, just like PayPal, you also need to be careful with the fees.

Different card manufacturers charge different fees, and these charges can also vary based on factors like the transaction size and your country of residence. 

We advise you to research the fees charged by your card issuer and proceed with your purchase.

Best Cosmos Wallet

When you eventually buy Cosmos crypto, it’s also critical to know how to store your assets. This is why you need a crypto wallet. 

A crypto wallet is a service that is connected to an asset’s blockchain. It’s your gateway to the coin, allowing you to send and receive it without stress. 

Crypto wallets work by holding your private keys and public keys. 

The public key is your wallet address, which you send to people who want to send you coins. 

On the other hand, the private key is like your password – you use it to sign off on transactions, and it is important that you keep it safe. Your wallet can also help with that. 

Crypto wallets come in different types. Each wallet has its special characteristics and benefits for investors. These include: 

• Hardware wallets

Your hardware wallet is a physical device that you use to store your coins. The device holds your keys, and it stores the coins offline in a process known as cold storage. With cold storage, hackers don’t have access to your keys. So, it is almost impossible for them to break into the wallet. But, processing transactions on hardware wallets can also be difficult because they’re not connected to the internet. Still, in terms of security, hardly does anything compare to these.

• Software wallets

A software wallet is a wallet app downloaded and installed on your computer. It is connected to the internet, and it offers real-time transactions and easy money movement. 

But, as software wallets are connected to the internet, they are prone to hacks. So, you have to make sure that your wallet is secure and that there’s no malware on your device.

• Mobile wallets 

A mobile wallet works pretty much the same as a software wallet. The only difference is that mobile wallets work on your mobile phone. These wallets are especially touted for their convenience as they enable transaction processing to be done in seconds. So, if you’re looking to send and receive money on the go, mobile wallets are a great bet. 

But, like software wallets, mobile wallets also need to be kept safe. Keep your keys secure, and protect your mobile device.

How to Sell Cosmos

Conclusion

Cosmos is an interesting asset right now for anyone who would like to make an investment. The asset is backed by a promising blockchain, and user numbers have been increasing. With its bright future, investors can be excited to buy Cosmos. 

If you do choose to buy Cosmos crypto, we recommend using Crypto.com. The broker is popular for its low minimum balance and quick signup process, and you should be able to access your Cosmos without stress. 

Frequently Asked Questions on How to Buy Cosmos ATOM