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 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have 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 funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual) Make sure you've chosen the right coin you want to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. If you are working with a decentralized exchange, such as Airswap or DDEX could be unlike (Follow these easy steps).
Step 3 – Locate Cosmos (ATOM) As soon as your deposit has been confirmed, you'll immediately have access to your finances and you can initiate buying and trading. To invest in Cosmos (ATOM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To discover Cosmos (ATOM), you'll need to insert the shortname of the coin (ATOM) into the search-box, which is highlighted in the graphic. Make sure you have selected the right pairing, we have marked this also. Click on “ATOM/BTC” to go on.
Step 4 – Purchasing Cosmos (ATOM) After you have spotted Cosmos (ATOM), you'll be given a Price Chart (in the Center of the image) and some Order Books (Leftside of the picture). For now we're making our own Limit Order. The ”Price” field will be automatically filled with the most latest valuation Cosmos (ATOM) was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of ATOM you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the complete quantity of ATOM. If you are satisfied, click on “Buy ATOM”. Your order will be filled as soon as a Vendor trades their ATOM for the price you offered.
Step 5 – Withdraw Cosmos (ATOM) Unless you're regularly trading, never keep your crypto on an Crypto Exchange for an extensive time frame. To take off your Cosmos (ATOM), hover over the ”Funds” tab and mouse click on “Withdraw”. Cosmos (ATOM) can be stored securely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cosmos (ATOM) by using the given drop-down box. Put into the quantity of Cosmos (ATOM) you would like to withdraw. Don't forget the shown fees/minimums. Also make sure you have entered your right withdraw address. If you are satisfied, click “Submit”. You may be requested for verfication via email/phone before a withdrawal.