How to Buy Cosmos

28 September 2021 | Updated: 4 November 2021

Cosmos is a decentralized and interoperable network. This means ATOM tokens and data can be transferred between different blockchains. Today, we are going to divulge the finer details of how to buy Cosmos.

You will also find a thorough review of the best platform to access ATOM tokens with caution, and how to sign up and place a buy order from the comfort of your home.

 

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  • 100% commission-free platform with tight spreads
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Start your journey towards reaching all your financial goals right here.

 

Table of Content

     

    How to Buy Cosmos in 10 Minutes or Less – Fast Track Guide

    To buy Cosmos in 10 minutes or less, you will have to sign up with a broker that gives you access to this digital asset.

    See a fast track guide on how to buy Cosmos below.

    • Step 1: Create an account with a trustworthy cryptocurrency broker – Look for a safe broker to sign up with, preferably one regulated by a reputable financial body like the FCA or ASIC. To buy Cosmos, you will need to register by entering some information surrounding your identity. This will be inclusive of your name, contact details, and address – besides your desired sign-in name, and a unique sequence of characters to use as your password.
    • Step 2: Complete the KYC Process – The best brokers offer a regulated space to buy Cosmos, so will also require the completion of the KYC process. For anyone in the dark, it is a legal requirement for the platform to verify your identity when signing up. A passport is a widely accepted form of ID. A recently dated bank statement featuring your name and address will do to confirm your address is accurate.
    • Step 3: Make a Deposit – Before you will be able to buy Cosmos (ATOM) you will have to finance your account. The best platforms will support a range of methods. This should give you the option of e-wallets, bank transfers, and debit or credit cards.
    • Step 4: Buy Cosmos – As you have made a deposit, you can now locate ATOM tokens by searching the available markets. This should be a simple case of clicking the asset once it loads. You will then complete the contents of a trading order. Fill in the amount box with how much you want to allocate to buy Cosmos, before confirming everything.

    Finding an honorable cryptocurrency broker to buy Cosmos is no easy feat. It’s worth mentioning that conducting your own investigation before signing up with a platform is essential. With that said, we’ve saved you some time by reviewing the best, in detail, next.

    78.77% of retail investor accounts lose money when trading CFDs at this provider

    Best Broker to Buy Cosmos

    As we spoke about, when you’re fully clued up about how to buy Cosmos, you should make your purchase in safety. By this, we mean in a regulated environment. We searched the internet high and low for reputable brokers offering access to Cosmos. The result? We found the best to be Capital.com. This broker offers commission-free CFDs.

    Here’s the minimum of what we expect from the best broker to buy Cosmos:

    • Approval from a regulatory body
    • Safe Platform
    • Low trading fees
    • Crypto market diversity
    • A pick of accepted deposit methods
    • A highly usable website, for people of all skillsets
    • Great customer service, with the capacity to support multiple languages

    See below for a complete review of why we think that Capital.com is the best broker to access Cosmos.

    1. Capital.com – Overall Best Cosmos Trading Platform

    The overall best Cosmos trading platform goes to Capital.com - regulated by the FCA, CySEC, ASIC, and NBRB. This online brokerage offers commission-free access to cryptocurrencies, which means the only fee you need to pay to enter and exit the market is the spread. We found this to be super competitive, site-wide. You also should know that this is a CFD broker. As such, you will buy Cosmos via Contracts for Differences.

    For anyone unacquainted with this investment vehicle, it is a contract between the brokerage and you. You will create buy or sell orders, depending on your prediction of ATOM tokens' rise or fall in value, which the CFD tracks. You won't take ownership of the actual asset. This also saves the need for downloading software and keeping your assets in digital wallets.

    This platform lists crypto pair Cosmos against US dollars amongst its popular markets. Instead of placing a buy order, you can try to make a profit by going short with a sell order - only if you think the price will fall. We also found CFDs on a wide range of alternative digital assets, such as Shiba Inu, Bitcoin, Ripple, Tron, OMG, Ontology, Litecoin, Dogecoin, Polkadot, and hundreds of others.

    Capital.com is easy to maneuver, and only requires a minimum deposit of $20 ($250 for bank wires) to fund your account to trade Cosmos. The broker's supported payment methods include bank wire transfers and e-wallets, including Skrill, iDeal, and more recently PayPal. Note that the first option takes the longest to land in your account. You can also pay with credit and debit cards at no extra charge. To buy Cosmos via CFDs on the go, download the free app on Android or iPhone.

    Our Rating

    • 0% commission to buy Cosmos via CFDs
    • Beginner-friendly website and minimum deposit from only $20
    • Approved and regulated by the FCA, CySEC, ASIC, and NBRB.
    • The platform could be too elementary for experienced traders
    78.77% of retail investors lose money when trading CFDs with this provider

    How to Buy Cosmos – Step-by-Step Walkthrough

    Never signed up with a crypto broker before? No problem. See below a step-by-step walkthrough of joining a platform, and how to buy Cosmos in 10 minutes or less.

    We are using Capital.com. The broker is safe, regulated, and commission-free. Furthermore, you can buy Cosmos via CFDs on a 0% commission basis. This is thanks to the aforementioned investment vehicle. Additionally, there are over 200 other markets to choose from!

    Step 1: Open a Crypto Broker Account

    Sign up by telling Capital.com who you are. This will include the usual information needed, like a chosen password and username. Your first and last name, full address, date of birth, and tax information will also be necessary.

    Capital.com will need to confirm your mobile number and email address to allow you to buy Cosmos via CFDs, as well as your ID. We move on to the KYC process next.

    78.77% of retail investor accounts lose money when trading CFDs at this provider

    Step 2: Complete KYC

    Brokers like Capital.com take rules and laws seriously, and as such, you will need to complete the KYC process to trade Cosmos.

    Not to worry, this takes minutes. You will need to upload the following documents:

    • Colored photo ID: You can copy this with a scanner or take a clear photo. This can be a driving license, passport, or national ID provided by the government.
    • Document showing address: Usually, this can be anything official (on a headed letter). It must show a date within 3 months and also display the full name and address you gave when creating a broker account. For instance, you might use a recent electricity bill, a statement from your bank, or a tax bill.

    You should have your account verified by the broker quickly. This allows you to move onto the next stage of buying Cosmos via CFDs, within minutes.

    Step 3: Deposit Funds

    To put the information in this how to buy Cosmos guide to practice, you should add some funds to your account. This will allow you to fulfill an order.

    • The best places to buy Cosmos will support a variety of payment cards.
    • For instance, Capital.com accepts wire transfers. Additionally, you can use e-wallets like Skrill, PayPal, and iDeal, and debit and credit cards.
    • There is no deposit fee at this particular brokerage, but do check the fees if you go somewhere else to buy Cosmos.

    Enter your card details and the amount you wish to deposit.

    Step 4: Search for Cosmos (ATOM)

    Beginner-friendly brokers like Capital.com make locating an asset easy, thanks to its built-in function for searching. As you can see, we typed in ‘ATOM’ and the platform automatically listed anything similar.

    Press the correct asset – ATOM/USD, and the platform will redirect you to a different page to place an order.

    Step 5: Place Buy Order

    As we mentioned earlier, if you buy Cosmos via CFDs at Capital.com, you have extra flexibility in the ways you can make gains.

    • Click ‘Buy’ on Cosmos.
    • Add an amount to the relevant box.
    • This will indicate how much of the funds you deposited you wish to risk.
    • Confirm everything.
    • You will see Cosmos CFDs listed in your portfolio.

    Not all brokers offer CFDs, so if this is something you are keen to try, always check out what instruments are available.

    If you buy Cosmos on a direct basis, you will probably need to contemplate the safe storage of your ATOM tokens as well. We talk about wallets shortly. However, buying cryptocurrencies via CFDs cuts out that concern entirely, as there is zero ownership involved.

    Step 6: How to Sell Cosmos

    When grasping the specifics of how to buy Cosmos, you will realize that selling your ATOM tokens is just as convenient.

    Let’s say that you create an account at an online brokerage and buy Cosmos:

    • You placed a buy order on ATOM/USD at Capital.com.
    • A few days later, ATOM tokens increase by 22%.
    • You decide to cash out for a profit.
    • In this instance, you need to sign in to your Capital.com account.
    • Next, create a sell order on the Cosmos you previously bought.
    • The funds from this will be added to your available balance, straight away, and at the current market value.

    Capital.com makes this achievable in a few clicks.

    Best Cosmos Wallets

    As we mentioned, CFDs offer a great alternative for people who want to trade in the short term and buy Cosmos without having to own and store anything.

    With that said, when you understand the complexities of how to buy Cosmos, you may decide to purchase digital assets and store them yourself.

    As such, you will find the best wallets to secure ATOM tokens below.

    Trust Wallet – Overall Best Cosmos Wallet

    Trust Wallet is one of the top storage options for people looking to buy Cosmos and store it themselves. This one comes in the shape of a mobile application and can be downloaded on the App Store for iPhone, or the Play Store for Android. It also doubles up as an exchange.

    Trust Wallet supports ATOM tokens and a long list of other cryptocurrencies. You can choose to use transaction features that include staking and delegating via the DApps section. You will also be able to buy Cosmos from the palm of your hand.

    Ledger Nano  – Best Cosmos Wallet for Security

    To buy Cosmos and use a physical crypto wallet to keep your private keys safe – the Ledger Nano is likely your best option. This way, your unique key is on a tangible device. The private key in question allows you and only you to access your ATOM tokens.

    This how to buy Cosmos guide found that the cost of a Ledger Nano depends on the model, features, and its year of release. The price of buying this type of hardware wallet new can be as much as $199 online.

    What is Cosmos?

    The Cosmos project is based on an Internet of Blockchains concept. This means blockchains can communicate with each other via the Cosmos ecosystem. The Cosmos framework believes the future of finance should be decentralized.

    This proof-of-stake cryptocurrency offers open-source tools to a whole network of blockchains with varying functionalities. When it comes to crypto projects offering blockchain interconnectivity, Cosmos holds a strong position.

    Cosmos – Reasons to Buy

    There are plenty of reasons to learn how to buy Cosmos. Notably, in years gone by, many networks were unable to share data or interact with one another. This meant that developers were somewhat limited in creating efficient and more interactive blockchains – that spanned different services and apps at least.

    We explain more about this and other key advantages to buy Cosmos in the section below.

    Cosmos: Profitable Potential

    When you are exploring how to buy Cosmos, it’s important to check out the price history of ATOM tokens. This will give you a clearer indication of whether it might present profitable opportunities later down the line.

    As with any digital asset, you should expect plenty of sudden price movements. If you catch the market at the right time, you could stand to make a profit. How? By selling your ATOM tokens for a higher value than you originally paid.

    You will find a few examples below, illustrating how volatile prices might be when you buy Cosmos:

    • On March 13th, 2020 – ATOM tokens hit an all-time low value of $1.16.
    • By August 24th, around 5 months later, Cosmos had risen by 630%, to $8.47.
    • Fast forward to February 17th, 2021, the tokens had increased even further to $25.13.
    • By March 13th, 2021, a year after ATOM saw an all-time low, you could buy Cosmos for $18.41.
    • Between March 13th and June 26th – ATOM tokens crashed to a price of just $9.35.
    • By September 19th, 2021, Cosmos tokens hit an all-time high $44.54!

    The last example shows an increase of 376% in just 85 days. The price fluctuation of ATOM tokens might seem intimidating. However, if you learn every aspect of how to buy Cosmos before you dive right in, there’s every chance you could make gains from this volatility.

    A common way to profit from a rising or falling market is to buy Cosmos via CFD instruments. Top-broker Capital.com will allow you to deposit as little as $20 (bank wire) to get started, and won’t charge commission fees on crypto CFDs.

    Cosmos: On-Chain Governance

    Cosmos uses on-chain governance. For anyone in the dark, this means you can be a stakeholder and take part in voting to improve the blockchain. This is just not as smooth on networks like Ethereum, where proposals can take years for inclusion.

    See below to shed light on some of the things you may be asked to vote on when you buy Cosmos :

    • Software upgrades or parameter changes
    • Length of unbonding periods
    • Network inflation rate
    • Distribution of rewards
    • Quorum requirements

    In other words, you are able to take part in polls and debates. This will be in relation to technical alterations to how the Cosmos network runs – as well as plenty of other discussions.

    As we said, participatory engagement via on-chain governance is not on offer with many blockchain projects. This exciting potential could be another reason to buy Cosmos.

    Cosmos: Bridging the gap Between Blockchains 

    There are many pump and dump schemes in this sector, and also many more functional cryptocurrencies with heaps of use cases. As we said, in the past, blockchains weren’t able to join forces. In contrast, Cosmos offers a scalable blockchain using a protocol called Inter-Blockchain Communication, also simply known as IBC.

    See some terms listed below, so that when you buy Cosmos, you will be clued up some of the jargon surrounding this digital currency:

    • Inter-Blockchain Communication: This protocol enables multiple different areas from within the ecosystem to liaise with the Cosmos Hub. This allows data to move securely and freely between interconnected areas.
    • Blockchain Interoperability: Also referred to as ‘cross-chain interoperability’. This refers to the ability for blockchains to communicate with each other and share information across multiple networks.
    • The Cosmos Hub: This acts as the intermediary for the aforementioned blockchains. Each individual zone will connect automatically to the Cosmos Hub. At this point, it is interoperable with all other network zones.
    • ATOM: As you probably know, ATOM tokens are native to the Cosmos network. The main functions are completing transactions and actioning smart contracts. Cosmos creates new ATOM tokens each time a block of transactions gets the go-ahead. Some of these are given to network validators as rewards.

    One of the standout goals of the Cosmos project is to achieve unification across the cryptocurrency sector. This is the idea that developers and users alike can and should benefit from this interconnectivity.

    Investment Risk

    Where there are cryptocurrencies, there is risk. Of course, high risk can invite the kind of rewards cryptocurrency traders are looking for.

    You will find below a list of risks to consider before you invest in Cosmos.

    • Overexposure to a single crypto market: You might lower your vulnerability to risk by opting to learn how to buy Cosmos – as well as more liquid tokens such as Bitcoin. You could also consider diversifying with a more recent public blockchain project like Ontology.
    • Losing your ATOM tokens to online crypto thieves: If you don’t yet feel comfortable enough to buy Cosmos and store it in a crypto wallet, you could consider buying ATOM via CFDs. This way, you won’t need to think about storage. Because you are merely making trading decisions to buy or sell based on the future price of the underlying crypto asset.
    • Allocating a disproportionate amount of money and losing it: This is a very real risk and can be avoided by only risking bite-sized amounts each time you place an order. Think about how much money you could realistically manage to lose. Next, create a strategy to buy Cosmos in a slow, steady, and pragmatic way.

    Many modern online brokers support fractional investments. Let’s say, for diversification purposes, you wanted to access Cosmo, and also buy Litecoin via CFDs. You wouldn’t need to have hundreds of dollars in your trading account. For instance, at Capital.com you can start from just $20 when making a deposit using a credit/debit card or e-wallet. Take note, there is a $250 minimum on bank wire deposits.

    How to Buy Cosmos – Conclusion

    At various times in this how to buy Cosmos guide, we talked about the significance of doing so with an authentic brokerage. We reviewed a catalog of platforms and found Capital.com to be the overall best on the scene. Moreover, you can buy Cosmos with a wide selection of payment methods.

    Popular e-wallets consist of Skrill, PayPal, and others. You can also opt for a debit/credit card or the slow-moving alternative of wire transfer, via your bank. You can trade Cosmos at 0% commission. The broker has licenses from regulatory authorities comprising ASIC, FCA, CySEC, and NBRB – so safety is assured.

     

    Eightcap - Regulated Platform With Tight Spreads

    Our Rating

    • Minimum deposit of just $250
    • 100% commission-free platform with tight spreads
    • Fee-free payments via debit/credit cards and e-wallets
    • Thousands of CFD markets including Forex, Shares, Commodities, and Cryptocurrencies
    Start your journey towards reaching all your financial goals right here.

     

    FAQs

    How do you buy Cosmos with Paypal?

    Not many platforms support PayPal to buy Cosmos. However, this guide found that Capital.com recently added PayPal to its long list of accepted deposit methods. Other e-wallets include ApplePay, iDeal, Giropay, and Skrill, to name a few. Simply sign up, finish the KYC process and make a deposit using your PayPal account to buy Cosmos via CFDs. You will also need to enter the amount you want to buy and confirm your order.

    How do you buy Cosmos with a credit card?

    You can buy Cosmos with a credit card at many trading platforms. Always check the charges involved, as this can sometimes come with a cash advance fee. Capital.com will allow you to trade Cosmos with a credit card on a fee-free basis.

    Can you buy Cosmos on Coinbase?

    Yes you can both stake and buy Cosmos on Coinbase. The thing to be mindful of is the crypto exchange's hefty fees. We found a debit and credit card transaction to come with a fee totaling 3.99%. It has to be said, this isn't very competitive. Capital.com charges 0% for the same payment type when accessing cryptocurrencies via CFDs.

    How do you buy Cosmos with a bank transfer?

    You can buy Cosmos with a bank transfer at the vast majority of online brokers. You should, however, be aware that if you want to buy Cosmos straight away, this is the slowest way to do it. Some platforms state that the money can take between 3 and 7 business days to appear in your trading account.

    How do you sell Cosmos?

    The most beginner-friendly way to sell Cosmos is via a regulated brokerage - namely Capital.com. This is a CFD broker. If you buy ATOM tokens and wish to cash out, you will simply need to head to your portfolio of assets and place a sell order. The funds from this sale are added to your broker account right away. As such, if you enter the Cosmos market via CFDs with a sell order, you can select 'buy' to cash out.