A Step-by-Step-Guide on how to buy Cosmos (ATOM)
Step 1 – Join CEX.io You will first need to buy units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click the button below for registration and to get your BTC (Bitcoin) or ETH (Ethereum).
Step 2 – Transmit Your Ethereum or Bitcoin to an Cryptocurrency Exchange Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Cosmos (ATOM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have chosen the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find Cosmos (ATOM) Once your deposit has been verified, you'll instantly have access to your assets and you can initiate invest and trading. To purchase Cosmos (ATOM) on Binance, you will want to hover over the tab which is called “Exchange” and then mouse click on “Basic”. To spot Cosmos (ATOM), you'll need to insert the cointype (ATOM) into the search-box, which is highlighted in the picture. Make sure you have selected the proper grouping, we've marked this too. Click on “ATOM/BTC” to proceed.
Step 4 – Buy Cosmos (ATOM) After you have located Cosmos (ATOM), you will be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we are creating our own Limit Order. The ”Price” field will be filled with the most recent valuation Cosmos (ATOM) was sold for. This can be changed to your desired price. The ”Amount” field is the quantity of ATOM you want to buy. The ”Total” field is the whole price in BTC that you will settle for the whole volumen of ATOM. If you are satisfied, click on “Buy ATOM”. Your plan will be filled as soon as a Vendor trades their ATOM for the price you submitted.
Step 5 – Withdraw Cosmos (ATOM) Unless you're frequently trading, best advise is not to keep coins on an Exchange for an extensive time frame. To take off your Cosmos (ATOM), go to the tab called “Funds” and mouse click on “Withdraw”. Cosmos (ATOM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate Cosmos (ATOM) by using the given drop-down box. Put into the amount of Cosmos (ATOM) you'd wish to take off. Take into account the displayed fees/minimums. Also make sure you have entered your correct withdraw address. When you're happy, make a mouse click on “Submit”. You may be asked for phone/email verification before a withdrawal.