You’ve decided to buy Cosmos, but you don’t know how. If you ask yourself this question, this tutorial will help you. Find out now how to buy Cosmos (ATOM) crypto with eToro in just a few clicks.
You can typically buy Cosmos on a cryptocurrency exchange, but you must first decide which one you are going to use.
To do this, you can base yourself on several important criteria for you such as the reputation of the platform, the costs of buying and withdrawing the ATOM crypto or even ergonomics.
A platform suitable for neophytesand therefore ergonomic is a particularly wise choice if you are new to this universe.
Thereby, we suggest choosing eToro crypto broker to buy Cosmos crypto if you are in this case. Indeed, eToro is recognized in the industry for being easy to access, and therefore suitable for beginners. With eToro, you can therefore buy ATOM in a few clicks very easily.
To help you in your choice, here is a summary table of the major exchange platforms available for buy ATOM according to several interesting criteria.
Step-by-step guide to buying Cosmos with eToro
Follow this complete guide to make the acquisition of ATOM tokens on the crypto broker eToro in just a few minutes. The purchase process is very simple, and eToro having the status of PSAN issued by the French regulator, you can use it with confidence.
Start by creating your account on the eToro platform by clicking on the following button (affiliate link) then click on ” start investing » :
After creating your account, answer a few questions about investing and cryptocurrencies. Once this is done, you must verify your account by providing you with an identity document and your telephone number. Verification is mandatory in accordance with French regulations.
Your eToro account is now verified. You can now fund your eToro wallet with euros. Click on ” Make a deposit » in the middle of the dashboard:
By credit card or bank transfer, the choice of deposit method is yours. Be aware that on eToro, the deposit fees are the same for both methods, namely 1%.
All you have to do is fill in the amount of euros you want to deposit to buy Cosmos crypto, then fill in the rest of the necessary fields. Click on ” Deposit » :
Your euros will be visible on your eToro wallet after a few moments. Now you can search for ” Cosmos ” Where ” ATOM at the top of the page, and click on ” Invest » :
Enter here the amount in dollars you wish to invest in the ATOM token, in our example 100 dollars, then click on the ” Invest “.
Congratulation ! You now hold ATOM tokens. You are free to do with them as you see fit, you can transfer them to an external wallet for example.
👉 Need more detailed explanations? Here is our opinion and complete tutorial on eToro
Selection of other platforms to buy Cosmos
Cosmos crypto is very popular, so you can get it from other platforms. Among them, Binance, Kucoin, FTX, Bitpanda and SwissBorg are also very good choices.
These exchanges each have their own strengths and offer different services such as stakingwhich represents an opportunity for earn interest with your ATOM tokens.
Note that you can transfer your ATOMs to these platforms that offer staking if you wish.
Cosmos and ATOM, quick presentation of this project
Cosmos is the name of the project and the ecosystem, but the ATOM is the token of the Cosmos Hub blockchain, which is part of this ecosystem. We must make the distinction.
The Cosmos project aims to propose a foundation for the Internet of Blockchains. Concretely, this is a solution that aims to solve the problem of the lack of native interoperability of independent blockchains.
The team behind the project, Ignite, has therefore developed some very interesting technologies. The development kit Cosmos SDK for example allows developers to create innovative blockchain applications. Other high-performance technical tools are also available to support the growth of the Cosmos network.
In addition, many types of blockchains already exist on the Cosmos network, such as decentralized finance (DeFi) platforms. This network is structured in blockchains categorized into zones and hubsand thanks to Inter Blockchain Communication protocol (IBC), they can all communicate with each other.
Zones are independent blockchains that connect to hubs, which are themselves the core blockchains of the Cosmos network. Cosmos Hub is one of them, and it is the major blockchain of the project with its native token, the ATOM.
Cosmos Hub plays a central role in securing the ecosystem since zones can borrow its validators to secure their own networks. To do this, these zones must stake ATOM tokens, which makes it the major reserve asset of the Cosmos network.
Finally, these zones are also connected to the Cosmos Hub and can therefore, through this blockchain, communicate with all the other zones connected to it.
In 2022, should you buy Cosmos?
L’ATOM is among the most popular cryptocurrencies in the industry, ranking 21st in the ranking of the most valuable cryptos in the world at the time of writing these lines.
Cosmos’ crypto price peaked in late 2021, but has since down about 70%which represents a very severe drop.
We can mainly attribute this fall to the bear market, which has spared no cryptocurrency in the industry, and the lack of use of the Cosmos Hub blockchain and its ATOM token so far.
Nevertheless, version 2 of Cosmos who completely reshuffles the cards was unveiled at the end of September 2022. This seems to take the Cosmos project to the next level both technically and economically.
Indeed, the Cosmos Hub blockchain is at the center of this new version of Cosmos, since a very important new role is assigned to it: that of secure the entire ecosystem.
In parallel, the ATOM token is given a new lease of life with new tokenomics. While liquid staking now allows investors to continue using their tokens even after staking them, complex mechanisms now make ATOM the reserve token of the Cosmos ecosystem.
This version 2 of Cosmos tackles the major problems faced by the project, which is relatively promising for the future.
Note, however, that Cosmos is not the only project with such ambition since Polkadot and Avalanche are very serious competitors which also have strong technical arguments and investor confidence.
In any case, we can only recommend that you do your own research on the ATOM token and the Cosmos network to determine whether buying ATOM is a good plan or not.
FAQ: frequently asked questions about Cosmos
When was the Cosmos project created?
Ignite began work on the Cosmos project in 2014. The Cosmos mainnet was deployed in March 2019 after 5 years of development.
How to differentiate Cosmos, Cosmos Hub and the ATOM token?
Cosmos is the name of the project undertaken by Ignite and the Interchain Foundation. It’s about the whole ecosystem, including Cosmos Hub and the many independent blockchains that take part in it.
Cosmos Hub is the central blockchain of the Cosmos network and its native token is ATOM.
The ATOM token, what are its use cases?
The ATOM token has many use cases, especially since the deployment of Cosmos V2.
Its main use is stakingwhich makes it possible to participate in the functioning of the ecosystem and therefore to generate passive returns.
Through this intermediary, many possibilities are available to stakers. In fact, they can influence the governance of the Cosmos project by voting for the proposals submitted to the community.
Investors can also take advantage of other opportunities since the staking of the ATOM token is liquid. Additionally, not only is network security a function of the number of staked ATOM tokens, but since zones can borrow security from the Cosmos Hub blockchain by staking ATOM tokens, the latter are also a reserve asset central to the Cosmos ecosystem.
Finally, the ATOM token makes it possible to pay fees related to Cosmos Hub blockchain activity.
How to track the Cosmos course and price?
If you want to follow the course of the ATOM in dollars or euros, our Cosmos crypto price monitoring page will meet your expectations. We have compiled all the important data related to this token in real time, such as the price chart or the valuation of the ATOM token.
How to secure your ATOM tokens?
After buying ATOM tokens, you might need to protect them. For this, you need to use a wallet that supports the Cosmos network. There are several, but Cosmostation and Keplr are the most popular of them.
You can also use a Ledger, a physical wallet intended to more effectively protect your cryptocurrencies such as your ATOM tokens.
What you need to know about affiliate links. This page presents assets, products or services relating to investments. Some links in this article are affiliated. This means that if you buy a product or register on a site from this article, our partner pays us a commission. This allows us to continue to offer you original and useful content. There is no impact on you and you can even get a bonus by using our links.
Investments in cryptocurrencies are risky. Cryptoast is not responsible for the quality of the products or services presented on this page and could not be held responsible, directly or indirectly, for any damage or loss caused following the use of a good or service highlighted in this article. Investments related to crypto-assets are risky by nature, readers should do their own research before taking any action and only invest within the limits of their financial capabilities. This article does not constitute investment advice.
