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How to buy the Cosmos blockchain (ATOM) cryptocurrency

Cosmos (ATOM) is focused on blockchain interoperability. It’s intended to be like a blockchain of blockchains, laying down standardised protocols for different blockchains to talk to each other. The Cosmos system is powered by the Tendermint proof-of-stake protocol, which uses the Cosmos ATOM token. Here’s our guide on how to buy Cosmos.

Disclaimer: This information should not be interpreted as an endorsement of cryptocurrency or any specific provider, service or offering. It is not a recommendation to trade.

Quick guide: How to buy Cosmos (ATOM) in the UK

    1. Register for an account with Binance.
    2. Enable two-factor authentication.
    3. Click on “Funds” and select “Deposits.”
    4. Select “BTC” and copy the wallet address or scan the QR code.
    5. Transfer BTC into your account.
    6. Click “Exchange” and select “Basic.”
    7. Search for “ATOM/BTC.”
    8. Select a limit, market or stop-limit Order.
    9. Enter the amount of ATOM you want to buy.
    10. Review transaction details.
    11. Click “Buy ATOM.”
Go to Binance's website

This is our quick guide to just one way to buy Cosmos (ATOM). Compare some other options in the table below.


Where to buy Cosmos

Exchanges that offer Cosmos (ATOM) include the following:

Name Product Deposit methods Fiat Currencies Cryptocurrencies
AdvCash,Bank transfer,Cryptocurrency,Debit card,Payeer
USD, EUR, GBP, RUB, PLN, TRY, UAH, KZT

53
cryptocurrencies

A UK-based cryptocurrency platform that provides buyers with a wide variety of payment options.
Bank transfer (ACH),Bank transfer (SEPA),SWIFT,Xfers,Credit or Debit Card
USD, AUD, CAD, CHF, EUR, GBP, NZD, SGD, JPY, ZAR & 9+ more

66
cryptocurrencies

Buy 55+ cryptocurrencies at true cost, earn up to 8% p.a. on holdings, pay with your crypto for cashback at stores, get loans and more with this complete crypto-finance platform.
Bank transfer (ACH),Credit card,Debit card,Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

24
cryptocurrencies

Buy and sell major cryptocurrencies on one of the world's most renowned cryptocurrency exchanges.
Bank transfer,Credit card,Debit card,Bank transfer (SEPA),Wire transfer
GBP, EUR

122
cryptocurrencies

BC Bitcoin is a UK-based cryptocurrency brokerage that buys and sells more than 100 different cryptocurrencies.
Credit card,Cryptocurrency,Debit card,Osko,PayID
USD, AUD, GBP, CAD, EUR, CNY, RUB, TRY, NGN, UAH & 40+ more

262
cryptocurrencies

Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

UK residents: In addition to normal crypto trading, Binance offers margin lending. As this is a regulated activity which they are not authorised to offer in the UK, we advise you not to use this service. If you're interested in margin trading, see authorised providers.
Credit card,Cryptocurrency
USD, EUR, AUD, CAD, CHF, CZK, DKK, GBP, HUF, ILS & 20+ more

115
cryptocurrencies

Trade various coins through a global crypto to crypto exchange based in the US.
Cash,Credit card,Cryptocurrency,Neteller,Bank transfer (SEPA),SOFORT
EUR, GBP, CHF, USD

36
cryptocurrencies

A European exchange which enables users to pay in EUR, GBP, CHF and USD through a variety of payment platforms.
Credit card,Cryptocurrency
USD, JPY, RUB, EUR

387
cryptocurrencies

CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Credit card,Debit card
USD, EUR, GBP, AUD, CAD, CHF, HKD, JPY, PHP, ZAR & 30+ more

146
cryptocurrencies

Access competitive crypto-to-crypto exchange rates for 150+ cryptocurrencies on this global exchange.
Coinbase Pro
Bank transfer (ACH),Bank transfer (SEPA),Wire transfer
USD, EUR, GBP

27
cryptocurrencies

Formerly known as GDAX, Coinbase Pro is a US-based exchange which offers fiat currency payment options, including wire transfer, ACH bank transfer and SEPA.
Bittrex Digital Currency Exchange
Cryptocurrency,Wire transfer
USD

278
cryptocurrencies

Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.
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Compare up to 4 providers

How to buy Cosmos: a step-by-step guide

You can buy ATOM with fiat currency, cryptocurrency or a combination of both. Take your pick:

I want to buy ATOM with fiat I want to buy ATOM with crypto

How to buy Cosmos with fiat currency

​How to buy Cosmos​ with fiat

There are a limited number of places to buy Cosmos (ATOM), but you can buy it directly for USD, CAD or EUR on Kraken. To buy ATOM on Kraken with fiat currency, you will need to do the following:

  1. Create an account.
  2. Get verified up to tier 2.
  3. Make a wire transfer to deposit your funds on Kraken.
  4. Navigate to the relevant USD/ATOM, CAD/ATOM or EUR/ATOM pair and place an order.

Note that Kraken requires a higher level of account verification for fiat deposits, currency exchange fees may apply and your deposit may take up to a week.

Using GBP to buy Cosmos

It may be preferable to buy Cosmos (ATOM) with cryptocurrency, even if you have to buy Bitcoin or Ether to use as an intermediary cryptocurrency first.

Buying through fiat currency like GBP via an intermediary cryptocurrency could be faster. For a same-day purchase, you might want to do the following:

  1. Create an account at Coinspot.
  2. Get verified – this will often be complete within a couple of hours.
  3. Make a GBP deposit with POLi (instant).
  4. Buy Bitcoin or Ether with GBP.
  5. Create an account at your choice of exchange listing ATOM such as Binance.
  6. Transfer your BTC or ETH to the exchange.
  7. Buy ATOM with cryptocurrency.
Go to CoinSpot's website

How to buy Cosmos with cryptocurrency

To buy Cosmos (ATOM) with cryptocurrency, you could do the following:
  1. Create an account at Binance.
  2. Deposit your cryptocurrency.
  3. Convert your cryptocurrency into BTC, BNB or USDT if needed.
  4. Trade BTC, BNB or USDT for ATOM.

How to sell Cosmos

The process for selling Cosmos (ATOM) is like buying it in reverse.

  1. If you haven’t already, register for an exchange which supports ATOM.
  2. Deposit your ATOM on this exchange.
  3. Exchange your ATOM for another cryptocurrency or fiat currency if applicable.

Storing your Cosmos in a wallet

Cosmos (ATOM) has its own native wallet, called Lunie. You can find it at the Lunie website. To get started, sign in at the Lunie website.

Find out more about storing cryptocurrency in our ultimate wallets guide.

How does Cosmos work?

Cosmos (ATOM) allows blockchains to seamlessly communicate with each other within a scalable proof-of-stake-based protocol.

It’s built on Tendermint proof of stake, and Tendermint’s developers are the main driving force behind the creation of Cosmos.

Cosmos aims to do the following:

    • Allow anyone to easily create their own custom blockchain with Cosmos SDK.
    • Cement a new set of blockchain standards through the Inter-Blockchain Communication (IBC) protocol.
    • Create seamless interoperability between Tendermint-based chains such as those created through Cosmos SDK as well as non-Tendermint blockchains such as Bitcoin.

Cosmos has a well-known team behind it and has achieved a lot of recognition from many other large projects in the space.

  • Things to consider before buying Cosmos

Cosmos (ATOM) is quite a new project, and it’s just one of several blockchain interoperability projects.

And although it’s been heavily tested prior to launch, its underlying proof-of-stake protocol is still largely experimental. Similarly, the IBC protocol has yet to be launched.

Once you learn about Cosmos and the team behind it, and weigh up the risks and downsides associated with the project, you can make an informed decision about whether to buy Cosmos’ ATOM cryptocurrency.

Buy/sell ATOM

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.

Disclaimer: The author holds BTC at the time of writing.

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