A Step-by-Step-Guide on how to buy Cosmos (ATOM)
Step 1 – Signup to Kraken You'll first need to buy units of the top-tier currencies. Exchanges usually accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below to register and getting ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Cosmos (ATOM) is accessible on Binance, so we will use that as an example. Not sure on how to send Coinbase funds to an Exchange? (Just follow this guide) Make sure you have selected the correct coin you would like to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Cosmos (ATOM) As soon as your deposit has been affirmed, you will directly have access to your finances and you can begin purchasing and trading. To invest in Cosmos (ATOM) on Binance, you will want to hover over the ”Exchange” tab and then click on “Basic”. In order to discover Cosmos (ATOM), you will need to put the cointype (ATOM) into the search-box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this also. Click on “ATOM/BTC” to go ahead.
Step 4 – Purchase Cosmos (ATOM) After you have found Cosmos (ATOM), you will be presented with a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're going to create our Limit Order. The field with the “Price” tag will be automatically filled with the most up-to-date tariff Cosmos (ATOM) was traded for. You can change this to your preferred price. The field with the “Amount” tag is the amount of ATOM you wish to buy. The ”Total” field is the whole price in Bitcoin that you'll settle for the whole amount of ATOM. If you are happy, make a mouse click on “Buy ATOM”. Your order will be filled when a Seller trades their ATOM for the price you offered.
Step 5 – Withdraw Cosmos (ATOM) Unless you're frequently trading, never keep your coins on an Exchange for an extensive period of time. To withdraw your Cosmos (ATOM), hover over the ”Funds” tab and mouse click on “Withdraw”. Cosmos (ATOM) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cosmos (ATOM) by using the provided drop-down box. Put into the amount of Cosmos (ATOM) you'd like to withdraw. Take into account the presented fees/minimums. Also make sure you have entered your precise withdraw address. If you're satisfied, click on “Submit”. You could be asked for email/phone verification ahead of a withdrawal.