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How to buy Cosmos coin online
On this page, find all of the key information you need to know about Cosmos (ATOM). We explain what problem the coin solves, what its future investment prospects are, and what considerations you should make.
Compare where to buy Cosmos coin, and open an account
Below, we have listed three of the best places to buy Cosmos crypto online. Click on one of the links to check out what the specific trading platform has to offer, or read on to learn more about Cosmos.
How to buy Cosmos online – a step-by-step guide
Step 1. Find an exchange
The easiest way to purchase Cosmos is via a reliable cryptocurrency exchange. For each platform, the rates and fees are variable, though, so it’s always worth shopping around and comparing offers. Here are our preferred places for picking up Cosmos ATOM:
- KuCoin: KuCoin offers a good blend of easy-to-use analytical tools and helpful tutorials, making it a popular choice for both beginners and experts. Sign up with KuCoin today >
- Binance: Binance is perhaps the world’s best known crypto exchange, and it supports a wide variety of coins. Will low fees and a clean interface, it makes the process of crypto investing easy. Join Binance now >
Step 2. Sign up and fund your account
Once you have chosen your exchange, you need to sign up and create your account. To do this, fill out the contact details that are requested and provide a copy of your photo ID if it is needed.
Then, it is time to fund your account. Most exchanges accept fiat money via a bank transfer, though if your exchange only accepts cryptocurrency, purchase some Bitcoin from a major exchange like Coinbase and add them to your wallet.
Step 3. Purchase
Now, you are ready to pull the trigger. Search for the relevant pair of ATOM with your chosen funds. So, if your account is filled with USD, look for the ATOM/USD pair, whereas if your account is filled with Bitcoin, keep your eyes out for the ATOM/BTC pair. Finally, enter the number of coins you want, check you are happy with the current market price and the transaction fees, and execute your transaction.
Step 1. Get a suitable wallet
After buying Cosmos coins, you can store them in a wallet for added security. There are plenty of options for storing your Cosmos ATOM, so to narrow your search down and save you some valuable time, we’ve handpicked two of our favourite wallets:
- Ledger Nano S: This hardware wallet looks like a USB stick and stores your crypto funds completely offline, protecting them from any possibilty of online attacks. Get a Ledger Nano S right now >
- CoolWallet: CoolWallet is a physical storage device with a connected app, meaning you can store your funds securely offline and also access them conveniently via your mobile device. Join CoolWallet now >
How to trade Cosmos – step-by-step guide
If the only thing on your mind is trading, you need access to a broker that will allow you to quickly open and close buy and sell positions to take advantage of market volatility.
Step 1. Find a CFD broker
There are lots of reputable brokers on the market these days, but they all have different fees and levels of support. Some are set up to cater for newbies and some are perfect for more experienced traders so who you choose will depend on what you’re looking for. Here are two of the top options right now:
- eToro: You can’t go wrong with one of the world’s top brokers. Trade a wide variety of digital assets through eToro’s user-friendly interface. Sign up to eToro today >
- Capital.com: Combining groundbreaking AI support with strong customer service, Capital.com is a rapidly growing crypto broker. Sign up to Capital.com >
Step 2. Create an account and deposit money
Just as you have to create an account and validate it with an exchange, you have to do the same with brokers, so fill out the contact details that are requested and provide a copy of your photo ID if necessary. Nowadays, most brokers offer a wide range of ways to deposit funds, from a bank transfer to PayPal, providing a flexible approach to trading.
Step 3. Learn how to perform technical analysis
Technical analysis is the foundation of any strong trading strategy. It entails reading charts and monitoring price movements to spot key indicators and trends. Our short-term trading course provides a good introduction to this process.
Step 4. Start trading
Once your deposit has gone through you’re good to go, but we recommend setting up a demo account before you jump in. This will give you a good understanding of how everything works and you’ll also get to see how volatile your chosen currency is without risking anything.
After you’ve played around with your demo account, you’ll see that trading isn’t too complicated. All you need to do is take a position on whether the value of your currency will rise or fall. If you think it will rise, take a long (buy) position, and if you think it will fall, take a short (sell) position.
Depending on the broker, you may also be able to add leveraged betting to your strategy. The way this works is you only put down a fraction of what the trade is worth and your broker covers the rest. This isn’t for beginners, though. It’s a high-risk strategy and it’s easy to win or lose large sums of money fairly quickly. Savvy traders use stops to mitigate risk and limit potential damage.
Should I invest in Cosmos Atom?
Deciding to invest in a cryptocurrency like Cosmos is not a decision that should be taken likely. The key thing to be aware of when determining whether or not now is a good time to invest is the trend of the overall crypto market. In bull markets, altcoins like Cosmos tend to perform very well. However, in bearish times, altcoins can often suffer heavy losses.
Cosmos is a network attracting attention from plenty of decentralised developers, but it is yet to ascend into the crypto mainstream. There are a huge number of crypto projects to back, so you should only choose Cosmos if you have full confidence in the credentials of the project to generate token-holder value.
If you do decide Cosmos is the digital asset for you, the best way to make an entry is by dollar-cost averaging: slowly increasing your position over time with equal sums of money at set intervals to offset the effects of market volatility.
- The Cosmos network is great for developers
- Proof-of-Stake algorithm helps democratise coin acquisition
- Due to its volatile nature, the ATOM is an interesting coin to watch
Finally, here are three more questions to help you decide whether to invest in Cosmos ATOM.
1. Is now a good time to buy Cosmos?
This really comes down to what kind of investor you are. If you are a long-term investor who wants to make an entry now and hold ATOM tokens in a wallet until they gain value in the future, the project’s democratic consensus mechanism and developer-friendly nature could be reasons to feel optimistic.
However, for short-term traders, the fundamentals of the Cosmos project are less important. Instead, you’ll want to focus on technical analysis so you can get an accurate read on market sentiment. Since Cosmos is rather volatile, this makes it a strong prospect for trading opportunities.
Regardless of what you choose to do, here is the latest analysis of the Cosmos project. Use it to inform your opinions and aid your investing decisions:
Cosmos (ATOM) has extended its correction from the record highs. Here are the important support and resistance levels
Cosmos (ATOM) price corrects to enter a ‘Buy’ zone
Cosmos, PotCoin, Theta price analysis roundup
2. What problem does Cosmos solve, and what are its investment prospects?
Since it is an ‘ever-expanding ecosystem of interoperable and sovereign blockchain apps and services,’ it offers a progressive and collaborative way for things that are decentralised to function together as we head toward a more decentralised future.
Investors are starting to pay attention to Cosmos, but remains small fry in a world of big-hitters like Bitcoin and Ethereum. However, this means it has even more room for future growth, meaning that while investing may be risky, it could pay off hugely in the long run.
Check out our selection of the latest news pieces regarding the Cosmos ecosystem below. They contain all the contemporary information you need to make better investment decisions.
Cosmos saw 1 million transfers within a single month on its ecosystem, should you invest?
Cosmos (ATOM) monthly transfer count hits 1 million
Cosmos soars to hit a new ATH as most of the crypto market bleeds
3. Do you want to hold Cosmos for the long term?
You can either hold ATOM coin for the long term or flip it for rapid returns. While each of these methods has its own virtues, there are different considerations that should be made, and we have outlined them below.
Considerations for a long term investment strategy
For long-term holders, your focus needs to be on locating a secure, trustworthy exchange that can deal with your ATOM orders quickly and efficiently. Then, your attention should turn to finding a wallet that can protect your funds effectively.
Considerations for a short term trading strategy
The main thing you need to worry about when trying to short-term trade is finding a low-fee broker. If your broker isn’t low fee, your profits will be eaten into heavily.
Invezz is a place where people can find reliable, unbiased information about finance, trading, and investing – but we do not offer financial advice and users should always carry out their own research. The assets covered on this website, including stocks, cryptocurrencies, and commodities can be highly volatile and new investors often lose money. Success in the financial markets is not guaranteed, and users should never invest more than they can afford to lose. You should consider your own personal circumstances and take the time to explore all your options before making any investment. Read our risk disclaimer >