How to Buy
Cosmos

Find out how to buy Cosmos and other cryptocurrencies on Crypto.com.

Introduction

Cosmos (ATOM) is the native token of the Cosmos Network, a blockchain ecosystem designed to enable interoperability between multiple blockchains. The Cosmos Hub, the central blockchain in the network, uses a Tendermint-based proof-of-stake (PoS) consensus mechanism to ensure fast and secure transactions. ATOM is used for transaction fees, staking to secure the network, and participating in governance by allowing holders to vote on protocol changes and upgrades. Cosmos aims to create an “internet of blockchains,” facilitating seamless communication and data sharing across independent networks. Its focus on scalability and interoperability has positioned it as a foundational infrastructure for the decentralized economy.

Step-by-step

Create an account

Download the App and start the sign-up process. Users need a valid ID and may be asked for proof of address in order to transact, so be sure to have those ready. Verifying the ID may take longer than a few minutes, depending on where you live.

Add a payment method

Tap on the payment method box and connect a payment method. Users can use a bank account, debit card, or initiate a wire.

Start a trade

On Crypto.com, select Buy & Sell. In the Crypto.com App, tap the ( + ) Buy on the Home tab.

Select Cosmos from list of assets

On Crypto.com, click the Buy panel to search and select Cosmos. In the Crypto.com mobile App, search for Cosmos by typing ‘Cosmos’ into the search bar. When Cosmos appears in the results, tap it to open up the purchase screen.

Enter the amount you want to buy

Use the number pad to input the amount in local currency to spend. The App will automatically convert that into a Cosmos amount. Users can tap the arrow buttons to the right of the dollar amount to switch the number to the equivalent amount of Cosmos.

How to Store Crypto

Another decision to make when buying Cosmos is how it will be stored. Cold wallets (also known as hardware wallets) are physical, offline devices that hold the private keys used to access the cryptocurrency. They are not vulnerable to software attacks but may not be suitable for beginners. Learn more about the pros and cons of hardware wallets and how to choose the right one here.Hot wallets are connected to the internet, making the user’s cryptocurrency more accessible on a daily basis, whether for spending or trading. Security, regulatory compliance, and privacy should be top of mind when deciding on a hot wallet, like the Crypto.com App, the industry leader in security.Crypto.com is the first cryptocurrency company in the world to obtain several independently assessed certifications. The company has also released its Proof of Reserves (PoR), which is a way to ensure that a platform holds enough assets to cover all of its client balances. The PoR was conducted and certified by an independent auditor to ensure the integrity and anonymity of the entire process. Crypto.com’s users can view the PoR report and verify their funds.

How to Sell Cosmos

After buying Cosmos, Crypto.com App users always have the option to sell it for other cryptocurrencies or fiat currencies. Here’s how to sell Cosmos:1. Tap ‘Sell‘ on the Crypto.com App home screen.2. Under Crypto, select Cosmos to buy and tap ‘Sell’ again.3. Review the transaction details and tap ‘Continue’.4. Confirm the transaction with a passcode or biometric verification.

Due Diligence and Do Your Own Research

All examples listed in this article are for informational purposes only. You should not construe any such information or other material as legal, tax, investment, financial, cybersecurity, or other advice. Nothing contained herein shall constitute a solicitation, recommendation, endorsement, or offer by Crypto.com to invest, buy, or sell any coins, tokens, or other crypto assets. Returns on the buying and selling of crypto assets may be subject to tax, including capital gains tax, in your jurisdiction. Any descriptions of Crypto.com products or features are merely for illustrative purposes and do not constitute an endorsement, invitation, or solicitation.Past performance is not a guarantee or predictor of future performance. The value of crypto assets can increase or decrease, and you could lose all or a substantial amount of your purchase price. When assessing a crypto asset, it’s essential for you to do your research and due diligence to make the best possible judgement, as any purchases shall be your sole responsibility.

How to BuyCosmos