What is Cosmos (ATOM)?
Originally launched in 2016, Cosmos is one of the first proof-of-stake blockchains. It focuses on improving ease-of-use and compatibility between different blockchains. The ATOM native token is staked by validators in order to process transactions. You can buy and sell ATOM for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade ATOM for BTC the same way you trade CAD for USD. You can also trade ATOM to CAD based on the ATOM price. To learn how to buy Cosmos / ATOM, scroll down to see how to buy Cosmos.
How to buy Cosmos (ATOM)?
Here's how to buy Cosmos on Coinsquare
To buy Cosmos, simply follow these steps:
1. Sign up for a Coinsquare account and verify your identity
This is the first step to buying ATOM. Verifying your identity helps us to properly connect your funds to your account.
2. Fund your account with Canadian Dollars
Funding is like putting gas into a car – it helps you get where you want to go.
3. After funding, select ATOM from the list on the trade section
Coinsquare lets you trade ATOM without leaving the app. You can also check the Cosmos price and convert ATOM to CAD or USD on the platform.
4. Select a currency you’ve funded and use it to check the ATOM price
In the Coinsquare app, all currencies available to trade can be found in the drop down list.
5. Buy Cosmos (ATOM)
Congratulations! You’re now the proud owner of ATOM. You can either HODL or use it to exchange ATOM to CAD.
Where do I keep my Cosmos (ATOM)?
At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.
Ready to add Cosmos (ATOM) to your portfolio?
Create your account, fund it with spare change and get a little bit of ATOM.
