A Step-by-Step-Guide on how to buy Cosmos (ATOM)
Step 1 – Signup to Coinbase and recieve 10$ for free You will first need to buy one of the top-tier coins. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for Altcoins. Follow the Link below to register and receive your first 10$.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is identical. Cosmos (ATOM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Exchange? (Just follow these easy steps) Make sure you've chosen the correct coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an ETH deposit address, and so on. In the case you are dealing with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow our guide).
Step 3 – Locate Cosmos (ATOM) Once your deposit has been verified, you'll now have access to your assets and you can initiate purchasing and trading. To invest in Cosmos (ATOM) on Binance, you'll want to go to the tab which is called “Exchange” and mouse click on “Basic”. To discover Cosmos (ATOM), you'll need to put the short name of the asset (ATOM) into the search-box, which is highlighted in the image. Make sure you have selected the right pairing, we've marked this too. Click on “ATOM/BTC” to continue.
Step 4 – Purchasing (ATOM) Cosmos After you have discovered Cosmos (ATOM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the image). Next we are making our Limit Order. The field with the “Price” tag will be automatically filled with the most latest price (ATOM) Cosmos was sold for. You can change this to your preferred price. The “Amount” field is the amount of ATOM you want to buy. The field with the “Total” tag is the total price in Bitcoin that you'll settle for the complete quantity of ATOM. If you are glad, click on “Buy ATOM”. Your plan will be filled when a Vendor trades their ATOM for the price you offered.
Step 5 – Withdraw Cosmos (ATOM) Unless you're frequently trading, best advise is not to keep crypto coins on an Exchange for an extended time period. In order to withdraw your Cosmos (ATOM), hover over the “Funds” tab and mouse click on “Withdraw”. Cosmos (ATOM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ATOM) Cosmos by using the given drop-down box. Enter the amount of Cosmos (ATOM) you would wish to take off. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you're satisfied, make a mouse click on “Submit”. You may be requested for verfication via email/phone before a withdrawal.