Kraken
With a market cap of $1,056,744,976.00 USD, Cosmos Hub ranks as the 95th largest cryptocurrency by market capitalization in the world. It operates on the Tendermint blockchain network. It is currently trading at a price of $2.19 USD per coin, and trades using the cryptocurrency code ATOM.
Cosmos Hub is a highly volatile asset capable of major price swings in a single day. So before you buy Cosmos Hub, make sure you understand these unique risks as well as its legal and tax status in Canada.
If you want to buy Cosmos Hub in Canada or track its performance, keep reading to see the latest ATOM price, market cap, and trading volume, along with a step-by-step guide for how to invest in ATOM crypto in Canada.
| Current price | $2.19 |
|---|---|
| All-time high | $44.45 |
| All-time low | $1.16 |
| 1-year price change | ▼ -76.02% |
| Market cap | $1.06B |
| Market cap rank | #95 |
| Total volume (24h) | $24.34M |
| Circulating supply | 482,821,317 |
| Network | Tendermint |
| Where to buy ATOM | Buy on Kraken |
This is not an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade or use any services.
The whole process of buying ATOM can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment. Follow these 5 steps to learn how to buy Cosmos Hub in Canada:
The easiest way to buy Cosmos Hub is from a cryptocurrency exchange. Choose an exchange that offers low fees, ease of use or 24-hour customer support. You can easily see top picks in our guide to the best crypto exchanges in Canada or compare options below.
To create an account on an exchange, you will need to provide an email address, come up with a strong password and verify your identity through a process called KYC, which requires government-issued photo ID.
Once verified, you can deposit CAD using the payment method that best suits you. Common methods like Interac e-Transfer, bank wire and debit card payments are widely accepted on Canadian-friendly exchanges.
You can now exchange your funds for Cosmos Hub. On beginner-friendly exchanges, this is as simple as searching for the coin name (Cosmos Hub) or for its crypto code (ATOM), entering the CAD or ATOM amount you want to purchase and clicking "Buy".
Consider transferring your ATOM to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.
We've curated a list of legitimate crypto exchanges below where you can buy Cosmos Hub in Canada to help you compare deposit methods, supported fiat currencies and fees.
To make comparing even easier we came up with the Finder Score. Supported coins, account fees and features across 28 cryptocurrency trading platforms are all weighted and scaled to produce a score out of 10. The higher the score, the better the exchange—simple.
The Cosmos Hub (ATOM) coin price is $2.19 USD, which is +1.40% higher than the previous day's trading price of $2.16 USD. Over the past 30 days, ATOM's price has changed by -23.80%, from $2.87 USD to the current price of $2.19 USD. Compared to this time last year, Cosmos Hub's coin price has seen a decrease of -76.02%.
Cosmos Hub reached its all-time high price of $44.45 USD on January 17, 2022, which was a +3,731.90% increase from its previous all-time low price of $1.16 USD, which it reached on March 13, 2020. It has since landed at its current price of $2.19 USD.
Yes, you can buy Cosmos Hub in Canada. Simply open an account with a crypto exchange that operates in Canada and supports Cosmos Hub—like the ones in our curated list above—and place a buy order. For example, Kraken supports Cosmos Hub and is a registered crypto exchange in Canada.
Because Cosmos Hub is decentralized, it isn't tied to any single country. That means you can buy and sell it from anywhere in the world, including Canada, as long as you have internet access.
Cosmos's network is one of many cryptocurrency projects focused on the decentralized finance space. This blockchain intends to be the solution to sluggish, difficult-to-use and poor scaling protocols that clog up the crypto space.
A key goal of Cosmos is to provide interoperability between networks. Hundreds of different blockchains are currently live, however many have no way of integrating with one another. By improving the interaction between these networks, blockchain projects are able to expand exponentially as well as become simpler to use.
Developers are able to build applications on the protocol using pre-existing code.
ATOM is the native utility token of the Cosmos network. It is responsible for the execution of smart contracts. It is also used for economic security by serving as a reward for validators approving transactions. ATOM can be staked (lock up) on the network in exchange for additional tokens.
To create an account with your chosen crypto platform, you only need an email address or mobile number. This will usually allow you to deposit cryptocurrency, but not CAD.
If you want to buy Cosmos Hub with Canadian dollars, you'll need to pass a Know Your Customer (KYC) check.
This is a standard security procedure for most exchanges in Canada and requires you to upload some government-issued photo ID, and in some cases a selfie with today's date.
KYC is usually approved instantly, but in rare cases, you may have to wait a few hours or days.
Several crypto exchanges in Canada accept credit cards as an instant purchase method. However, before buying Cosmos Hub with a credit card, you should be aware of the additional cost and risks.
For instance, credit card fees are usually higher than bank transfers or e‑transfers. Some card issuers may even block cryptocurrency transactions or treat them as (more expensive) cash advances. Plus, if you don't pay off your credit card within your statement period, you may end up paying interest on your card balance and losing money if the price moves quickly.
For example, if you were to use a credit card to buy Cosmos Hub, you could end up paying this:
And if it took you three months to pay off your Cosmos Hub purchase at the typical credit card interest rate of 19.99% APR, you would pay an additional $0.56 USD in interest on top of what you originally paid to buy Cosmos Hub.
This example can help you compare the relative cost of buying Cosmos Hub with a credit card versus other lower‑fee methods such as Interac e-Transfers.
You can check the table of Canadian crypto exchanges above to see which ones accept credit cards for buying Cosmos Hub, or visit our guide on buying crypto with a credit card for more details.
Yes, it is possible to buy Cosmos Hub with a debit card, as most Canadian crypto exchanges accept debit cards as an instant payment method.
To buy Cosmos Hub with a debit card, you'll typically need to go through the standard steps to purchase crypto on your preferred platform, and then select debit from the list of payment options (e.g. Interac e-Transfer, debit card, credit card) before completing your purchase.
Just note that there are often higher fees for crypto purchases with cards (both debit and credit) compared to paying with Interac e-Transfer or with another cryptocurrency.
Buying cryptocurrency can be a risky endeavor, but there are precautions you can take to help mitigate risk:
Competition. COSMOS is just one of many networks striving to improve scalability and accessibility for decentralized application developers.
The protocol has to share the market with other, more popular protocols like Ethereum, Cardano and Solana
Interoperability. In February 2021, COSMOS underwent the Stargate update that allowed the integration of different blockchains on the Cosmos Mainnet.
Compatible networks included Kava, Secret, Binance Chain, and Terra. This launch is one of the key features of the COSMOS network, and its successful growth over the next 12 months may play a major role in the cryptocurrency's eventual price
Development team. The original founders of Cosmos were well-known figures within the FinTech industry with easy to research project backgrounds.
They were responsible for the building of Tendermint, software infrastructure that can be used as the foundation for building decentralized applications. In 2020, the team, along with the board, underwent a significant refresh and a number of new developers became involved.
It might be worth researching the new team in charge of COSMOS before deciding to invest
There are two main options for storing Cosmos Hub once you've bought it—keeping it on an exchange, or storing it in your own personal wallet. Take a look at our full guide to the best crypto wallets in Canada to see our top picks.
While it can be more convenient to leave your Cosmos Hub on an exchange, that opens you up to risk in the event the exchange is hacked or compromised in another way.
It's generally much safer to store your any crypto you own on a software or hardware wallet, which gives you full control and custody of your coins.
Like all crypto, Cosmos Hub is considered a commodity for tax purposes by the Canada Revenue Agency (CRA). That means it will be taxed similarly to how other investments, like stocks and ETFs, are.
Money you get from selling Cosmos Hub can be treated as income or as a capital gain. That said, the CRA will tax crypto profits differently if you're a casual Cosmos Hub buyer as opposed to whether your crypto profits are classified as business income.
You can learn more about how crypto taxes work in our full guide to crypto tax in Canada.
Keep in mind that buying Cosmos Hub can be risky. But if you decide to invest in Cosmos Hub, look for a regulated crypto exchange in Canada that supports ATOM and make sure to store your crypto securely.
Once you've bought Cosmos Hub, think about your short and long-term goals. Crypto markets can be very volatile, so keep an eye on Cosmos Hub's price over time to help decide whether to keep it on an exchange, sell it or move it to your wallet.
Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.
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