Cosmos (ATOM) has made waves in the crypto space since 2019. Its solid technology and interchain security make it stand out, and it has the opportunity to grow. Binance is a trusted and popular exchange to buy and sell ATOM. In this article, we'll take you through a step-by-step process on how to buy Cosmos on Binance, arming you with the knowledge and resources you need before making investment decisions.
Where To Buy Cosmos?
Are you wondering where to buy Cosmos crypto?
Some of the most popular exchanges to buy ATOM include Binance, Coinbase, KuCoin, and Kraken. When choosing an exchange to purchase ATOM, it's essential to consider factors such as fees, security, user interface, and supported payment methods. It's also important to note that some exchanges may not be available in certain countries or regions.
Step-By-Step Guide On How To Buy Cosmos:
Follow the below steps to buy Cosmos using the Binance exchange. If you want to stake your Cosmos to get yield, check out our guide on the best staking platforms for Cosmos in 2023.
Step 1: Register for a Binance account
Register using our Affiliate link to get a $600 worth of welcome bonus.
The first step is to register for a Binance account; if you already have a Binance account, you can skip this step.
To register, visit the Binance website and click on the "Register" button at the top right-hand corner of the page. You will then be prompted to enter your email address and create a password. You can also use the main sign-up with an email or phone option.
After completing this step, you will receive an email confirmation from Binance.
Create an account using your personal phone number or email address on Binance. Registering as an entity if you want to buy Cosmos as a Limited company business on the Binance exchange is also an option.
Step 2: Verify your identity on Binance
Before you can buy ATOM on Binance, you will need to verify your identity. To do this, click the "Profile" button on the top right-hand corner of the page and select "Identity Verification."
Follow the instructions provided by Binance to complete the verification process.
To complete your Binance registration process and start buying crypto on the Binance platform, you must submit a valid government-issued passport or Driving license based on your country of residence.
Step 3: Buy ATOM
There are numerous ways to buy Cosmos on the Binance exchange, and it all comes down to your preference. We will explore some popular methods to buy Cosmos on Binance.
Option 1: Fund your Binance account with crypto
This method is helpful for anyone who owns crypto on other platforms or wallets. Once you have transferred your Bitcoin to a Binance account, you can buy Cosmos with Bitcoin as Binance supports trading BTC/ATOM pair.
After verifying your identity, you can fund your Binance account with crypto. To do this, click the "Deposit" button on the top right-hand corner of the page. You will then be prompted to select the cryptocurrency you want to deposit. Select the cryptocurrency you wish to deposit and follow the instructions provided by Binance. Once your cryptocurrency has been deposited, you can proceed to buy ATOM.
On the deposit Crypto page, choose the crypto (in this case, we have selected bitcoin) and its network. Binance will generate a bitcoin address to deposit your BTC. Copy the deposit address and initiate a withdrawal on the withdrawal platform. Once the transaction is confirmed in the network, Binance will credit the crypto for you.
Convert Bitcoin Crypto to Cosmos (ATOM)
After transferring your crypto Binance account, hover over the Trade menu at the top menubar and click on Binance Convert, where you can convert your crypto to ATOM.
There are two ways to convert your crypto to ATOM: Market order or Limit order.
Buying ATOM with market order: Market order allows you to convert your assets at the current market price based on the quoted price in the conversion.
Buying ATOM with limit order: A limit order allows you to place an order to convert your assets at a specified limit price. However, limit orders are executed subject to market conditions and may not be completed even if the market price reaches or crosses your limit price momentarily.
The above screenshot shows an example of placing a limit order to buy Cosmos using BNB. You can click on the bars icon next to the limit button to display the price chart of your selected crypto convert pair. Click on Confirm order to get 900 ATOM tokens into your account.
Congrats! You have now bought Cosmos by funding your Binance account with crypto and using Binance Convert.
Option 2: Fund your Binance account with Fiat
This option will benefit you if you prefer to fund your account with your preferred fiat currency beforehand. Customers can fund their Binance account with fiat currency via direct bank transfer or credit/debit card.
When using the Bank transfer method to fund your account, make sure to follow the below tips:
Your bank account name must match the name registered to your Binance account.
Please include your full name in your bank transfer's Reference/Remark section.
If the deposited amount exceeds your daily limit, Binance will divide the total payment based on your maximum daily limit.
After funding the account with fiat currency, it will be stored as your cash balance on the Binance account. Using the deposited fiat currency, you can now buy crypto using the buy crypto with Cash Balance tool.
As shown above, buy Cosmos immediately with your preferred fiat currency! You will get an estimated price of ATOM based on the currency of choice, and you enter the desired amount of ATOM to buy and confirm the order.
Congrats! You have now bought ATOM by funding your Binance account with fiat currency and using a Binance Cash balance.
Option 3: Buy Cosmos with a Credit/Debit Card (Popular method to buy Cosmos)
To buy ATOM on Binance using a Credit or Debit card, navigate to the Buy crypto via card page using the top navigation menu.
On the buy crypto with card page, you will see various options to choose the fiat currency to buy Cosmos. Enter the desired amount of ATOM tokens to purchase and click Continue.
In the payment method section, if you just created your Binance account, add the card details you will use to purchase ATOM.
Once you have entered the card details, you must review the order details to ensure they are correct. If everything looks good, click the "Buy ATOM" button to complete the purchase.
Congrats! You have now bought ATOM by funding with your Credit/Debit card!
Unlike other tokens, such as Polygon (MATIC) or Cardano (ADA), the recurring plan is currently unavailable to Cosmos (ATOM). The recurring model typically allows you to regularly invest in cryptocurrency with a pre-determined amount and accumulate your crypto holdings over time. If you are committed to the long-term growth of a coin/token and bullish on its future price movements, it is an excellent way to DCA into the project.
Step 4: Buy Cosmos - Payment Methods
Buy Cosmos with Paypal: Binance does not currently support purchasing Cosmos (ATOM) directly with PayPal. However, you can still use PayPal to buy cryptocurrencies on other platforms and then transfer those funds to your Binance account to purchase Cosmos. Other exchanges, such as Coinbase support Paypal payment methods to buy crypto. If you have an existing PayPal account, you can start transactions on Coinbase immediately.
Buy Cosmos with a credit card on Binance exchange: To Add a credit card, Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your credit card details.
Buy Cosmos with Debit Card: To Add a debit card: Go to the "Buy Crypto" page on Binance and select "Credit/Debit Card." Follow the prompts to add your debit card details.
How to Buy Cosmos with Apple Pay and Google Pay on Binance
The following steps will guide you through how to buy Cosmos using Apple Pay & Google Pay.
- Log in to your Binance account and click Buy Crypto with Credit/Debit Card.
2. Select the fiat currency according to your country and then select Cosmos crypto to buy from the list. Enter the amount and click Continue.
3. Select Apple Pay or Google Pay as the payment method after choosing ATOM to Buy.
4. Once you have successfully added/chosen your credit/debit card, click Confirm to proceed. Check the payment details carefully and confirm your order within 1 minute, or else after the 1-minute mark, the price and the amount of crypto will be recalculated. You can click Refresh to see the latest market price.
Congrats! You have now bought Cosmos on Binance using your preferred Google or Apple pay.
Step 5: Withdraw ATOM from Binance
After buying ATOM on Binance, you may want to withdraw it to a hard or soft wallet you control. To do this, click the "Withdraw" button on the top right-hand corner of the page. You will then be prompted to enter the wallet address to which you want to withdraw your ATOM. Ensure you enter the correct address, as transactions on the blockchain are irreversible.
You must also enter the amount of ATOM you want to withdraw. Once you have entered the correct wallet address and the amount of ATOM you wish to withdraw, click on the "Submit" button. Binance will then process your withdrawal request, and your ATOM will be sent to the wallet address you provided.
Tips for buying ATOM on Binance
- Always double-check your order details before placing a trade to ensure everything is correct.
- Consider using the "Limit" order type instead of the "Market" one when buying ATOM. With a limit order, you can set the price you are willing to pay for ATOM, whereas, with a market order, you will pay the current market price for ATOM, which may not be the best price.
- Consider using two-factor authentication (2FA) to enhance security after registration.
10 Reasons To Buy Cosmos Right Now
Should I buy Cosmos? If you are considering whether you should buy Cosmos or not, then the below points may provide some clarity about the project.
- Interoperability: Cosmos is designed to be interoperable with other blockchains, enabling seamless network communication.
- High Scalability: Cosmos is highly scalable. Transactions are faster and cheaper even during peak network usage.
- Governance: Cosmos has a robust governance model. ATOM holders can vote on proposals and contribute to the decision-making process for the network.
- Staking: ATOM can be staked to secure the network and earn rewards. In other words, it allows holders to generate extra incentives.
- Cosmos Hub: The Cosmos Hub is the central hub of the Cosmos ecosystem, facilitating instant and seamless interaction across various blockchains and networks.
- Active Development: The Cosmos development team continually works on improving the platform and launching new features.
- Decentralized Finance (DeFi): Cosmos' robust DeFi ecosystem is one of its key highlights. Multiple projects and protocols built on Cosmos offer a variety of financial services.
- Internet of Blockchains: The Cosmos' vision is to create an Internet of Blockchains, where different networks can communicate with each other seamlessly and securely.
- Partnerships: Cosmos has partnered with several notable blockchain projects and companies, including Binance and Polkadot.
- Strong Community: The Cosmos platform is backed by an ever-expanding group of developers, investors, and enthusiasts who are bullish on its future and work to ensure it reaches its full potential.
How to buy Cosmos in the Philippines?
Choose a cryptocurrency exchange that supports Polygon trading. Binance is one of the best places to buy Polygon in the Philippines. Binance is also one of the cheapest ways to buy Polygon in the Philippines.
How to buy Cosmos in India?
Binance is one of the best places to buy Cosmos in India. Binance is also one of the cheapest ways to buy Cosmos.
Where to buy Cosmos in the UK?
Choose a cryptocurrency exchange that supports Cosmos trading. Binance is one of the best places to buy Cosmos in the UK.
How to buy Cosmos in Australia?
Binance is one of the best places to buy Cosmos in Australia. Binance is also one of the cheapest ways to buy Cosmos.
How to buy Cosmos in Brazil?
Choose a cryptocurrency exchange that supports Cosmos trading. Binance is one of the best places to buy Cosmos in Brazil.
Where to buy Cosmos in the US?
Choose a cryptocurrency exchange that supports Cosmos trading. Coinbase is one of the best places to buy Cosmos in the US.
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