How to Buy Cosmos Safely – 5 Top Sites Revealed

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by Analytics Insight

February 24, 2022

Cosmos

Utilize the top five sites for purchasing Cosmos crypto safely with reliability 

The rise in popularity of blockchain-based networks has provided considerable benefits to developers worldwide, yet the issue of interoperability between networks still looms large. Cosmos looks to solve this issue in a decentralised manner – meaning the decision to buy Cosmos could prove fruitful as we head into 2022.

This article will discuss how to buy Cosmos safely, reviewing the best places to make your investment and showing you where you can purchase ATOM today – with tight spreads and low fees.

Cosmos

 

Where to Buy Cosmos (ATOM)

Before we dive in and explore each of our top brokers one by one, here is a brief overview of our recommendations for where to buy Cosmos crypto in 2022:

  • eToro Overall Best Crypto Broker to Buy Cosmos for Beginners
  • Webull Reputable Platform to Buy ATOM with Low Fees
  • Coinbase Heavily Regulated Crypto Exchange to Buy Cosmos
  • Binance Great Crypto Exchange with Huge Asset Selection
  • Kraken – Best Platform to Buy Cosmos Coin for Staking

 

Where to Buy Cosmos Coin – Top Exchanges Reviewed

If you’re wondering where to buy Cosmos crypto (ATOM), then look no further! Through extensive research, we’ve narrowed down the broker options to our top five – all of which are reviewed in detail below.

 

1. eToro – Overall Best Broker to Buy Cosmos with Tight Spreads

Our recommended broker if you’re looking to buy Cosmos is eToro. eToro has a stellar reputation for cryptocurrency trading and now boasts over 23 million users worldwide. The important thing is that eToro offers extensive investor protection to its users, thanks to strict regulation from the FCA, ASIC, SEC, FINRA, and CySEC – and also offers coverage through the FSCS. 

Cosmos

When it comes to cryptocurrency trading, eToro charges no transaction fees when you place a trade, which is in stark contrast to many other platforms. Instead, the only cost that applies is the spread, which is the difference between the buy and sell prices on a crypto asset. Aside from this spread, eToro charges no monthly account fees or deposit fees, making the entire experience very cost-effective.

Users can fund their accounts from as little as $50 (£37) via credit/debit card, bank transfer, or numerous e-wallets – including PayPal, Skrill, and Neteller. Furthermore, users can buy Cosmos through eToro’s web-trading platform or the mobile app, both of which offer an extremely user-friendly experience. Finally, if you are a beginner, you can even use eToro’s free demo account to practice before trading for real.

Buy Cosmos on eToro Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

2. Webull – Reputable Platform to Buy ATOM with Low Fees

A great alternative to eToro is Webull. Webull was launched in 2017 and has grown exponentially, now boasting over seven million registered users. In terms of regulation, Webull is policed by the SEC, FINRA, and the SFC – and even offers investor protection through the SIPC scheme. Notably, the account opening process with Webull is straightforward to accomplish and requires no minimum deposit whatsoever.

Cosmos

Crypto trading with Webull is commission-free, with users only having to pay a 100-basis point (1%) spread on either side of the trade. Thanks to Webull’s fractional investing approach, users can trade over 20 cryptocurrencies (including Cosmos) from as little as $1 per trade. The web platform and mobile app have been designed with beginners in mind, with the latter featuring two-step authentication and great charting features.

Buy Cosmos crypto on Webull

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

3. Coinbase – Heavily Regulated Crypto Exchange to Buy Cosmos

Coinbase is one of the only crypto exchanges that boasts regulation from a top regulator, currently authorised by the FCA in the UK and FinCEN in the US. As the second-largest crypto exchange globally, Coinbase makes it easy to invest in cryptocurrencies in just a few clicks and currently offers around 100 coins to purchase. You can even set up recurring buy orders with Coinbase if you’re looking to buy Cosmos regularly via a DCA strategy. 

Cosmos

Fees at Coinbase can be a little steep, as users must pay the spread and a transaction fee. However, Coinbase makes up for this with various useful features, including a handy crypto debit card that allows you to spend your crypto trading balance anywhere. Finally, during our Coinbase review we found that it even offers a free crypto wallet for all users, supporting over 4000 crypto assets – including NFTs!

Buy Cosmos on Coinbase

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

4. Binance – Great Crypto Exchange with Huge Asset Selection

According to CoinMarketCap, Binance is the world’s largest cryptocurrency exchange, regularly handling over $15bn in daily trading volume. Binance is available in more than 180 countries worldwide and offers over 500 cryptocurrencies to trade, including altcoins and ERC-20 tokens. The great thing is that Binance only charges a 0.1% fee when you buy and sell using their platform.

Cosmos

Users can reduce this fee even more by buying and holding BNB, which is Binance’s native token. In terms of the trading experience, Binance’s platforms will appeal to all types of traders, as they feature extensive charting options and numerous technical indicators. Binance even allows users to instantly purchase crypto using a debit/credit card, although this will come with a 4.5% fee per trade.

Buy Cosmos Coin on Binance

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

5. Kraken – Best Platform to Buy Cosmos Coin for Staking

The final broker we’d recommend when choosing where to buy Cosmos (ATOM) is Kraken. Kraken is regulated by numerous top entities, including FinCEN and FinTRAC, ensuring high security for traders. With over 90 coins to trade, Kraken provides a large asset selection for users whilst offering instant trading options and spot exchange options through Kraken Pro.

Cosmos

Fees will vary depending on your payment method, although using the exchange through Kraken Pro will only require a maker-taker fee of 0.16% to 0.26% for anything less than $50,000. Kraken excels when it comes to staking, as users can stake up to 15 different assets – including FIAT currencies such as EUR and USD! Finally, Kraken has an extensive library of educational materials, including guides, videos, and podcasts that can streamline the learning process for beginners.

 

What is Cosmos Crypto?

Cosmos is a fascinating cryptocurrency that looks to solve the issue of interoperability between blockchains. By becoming the ‘Internet of Blockchains’, Cosmos can connect independent networks and allow them to share data seamlessly – all whilst maintaining their autonomy. Cosmos uses a unique Proof-of-Stake (PoS) protocol called ‘Tendermint’, enabling developers to create their own blockchains.

Separate blockchains connect to one another through Cosmos’ ‘Inter-Blockchain Communication Protocol’, which essentially creates an ecosystem of blockchains all connected to the central hub. Cosmos’ native token, ATOM, is used for validation, governance, and to pay for transaction fees within the network. ATOM is what you’ll be investing in if you buy Cosmos and is now offered by many major brokers and exchanges.

 

Why Buy Cosmos Crypto?

If you’ve decided where to buy Cosmos (ATOM), now it’s time to discuss its merits. Found below are three of the main reasons to consider investing in Cosmos right now.

Buy Cosmos Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Upside Potential

According to CoinGecko, Cosmos currently has a market cap of $11.74bn. This makes it the 19th largest crypto globally, meaning it has a long way to go if it wants to be the size of Ethereum or Bitcoin. Due to this, investing in Cosmos now would mean you’d be in relatively early – providing scope for larger gains as the platform grows.

 

Innovative Service

By allowing blockchains to be interoperable, Cosmos helps reduce any ‘rivalries’ between platforms and enables decentralised apps (dApps) to work on various networks. At present, popular apps such as Ankr and Akash Network are already deployed on Cosmos, with many more set to follow suit in the future.

Cosmos

 

Growth of the Crypto Ecosystem

Finally, as the crypto market grows, the need for networks to connect and share data will become larger. As such, Cosmos provides a much-needed service to these blockchains, which means that ATOM will naturally become more valuable as the platform experiences greater demand.

Buy Cosmos on eToro Now

Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Cosmos Coin Price

Cosmos exploded onto the scene in early 2021, with the coin’s price increasing a remarkable 612% between January and May. Although there was a steep pullback after this, Cosmos then rallied by 394% between July and September, reaching an all-time high of $44.70 on September 20th, 2021. Cosmos is currently trading just below this level, ranging around $40.25 – and looks likely to push higher as we move further into 2022.

 

Cosmos Coin Price Prediction

Cosmos is now clearly trading above the 50-day and 200-day EMA, an extremely bullish signal. At the time of writing, ATOM’s price is testing the resistance level around $43.30, which was rejected the last time it was met back in October 2021. Given the strength of the bullish run that Cosmos is in,…



Read More: How to Buy Cosmos Safely – 5 Top Sites Revealed

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