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The rise in popularity of blockchain-based networks has provided considerable benefits to developers worldwide, yet the issue of interoperability between networks still looms large. Cosmos looks to solve this issue in a decentralised manner – meaning the decision to buy Cosmos could prove fruitful as we head into 2022.
This article will discuss how to buy Cosmos safely, reviewing the best places to make your investment and showing you where you can purchase ATOM today – with tight spreads and low fees.
Before we dive in and explore each of our top brokers one by one, here is a brief overview of our recommendations for where to buy Cosmos crypto in 2022:
If you're wondering where to buy Cosmos crypto (ATOM), then look no further! Through extensive research, we've narrowed down the broker options to our top five – all of which are reviewed in detail below.
Our recommended broker if you're looking to buy Cosmos is eToro. eToro has a stellar reputation for cryptocurrency trading and now boasts over 23 million users worldwide. The important thing is that eToro offers extensive investor protection to its users, thanks to strict regulation from the FCA, ASIC, SEC, FINRA, and CySEC – and also offers coverage through the FSCS.
When it comes to cryptocurrency trading, eToro charges no transaction fees when you place a trade, which is in stark contrast to many other platforms. Instead, the only cost that applies is the spread, which is the difference between the buy and sell prices on a crypto asset. Aside from this spread, eToro charges no monthly account fees or deposit fees, making the entire experience very cost-effective.
Users can fund their accounts from as little as $50 (£37) via credit/debit card, bank transfer, or numerous e-wallets – including PayPal, Skrill, and Neteller. Furthermore, users can buy Cosmos through eToro's web-trading platform or the mobile app, both of which offer an extremely user-friendly experience. Finally, if you are a beginner, you can even use eToro's free demo account to practice before trading for real.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
A great alternative to eToro is Webull. Webull was launched in 2017 and has grown exponentially, now boasting over seven million registered users. In terms of regulation, Webull is policed by the SEC, FINRA, and the SFC – and even offers investor protection through the SIPC scheme. Notably, the account opening process with Webull is straightforward to accomplish and requires no minimum deposit whatsoever.
Crypto trading with Webull is commission-free, with users only having to pay a 100-basis point (1%) spread on either side of the trade. Thanks to Webull's fractional investing approach, users can trade over 20 cryptocurrencies (including Cosmos) from as little as $1 per trade. The web platform and mobile app have been designed with beginners in mind, with the latter featuring two-step authentication and great charting features.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Coinbase is one of the only crypto exchanges that boasts regulation from a top regulator, currently authorised by the FCA in the UK and FinCEN in the US. As the second-largest crypto exchange globally, Coinbase makes it easy to invest in cryptocurrencies in just a few clicks and currently offers around 100 coins to purchase. You can even set up recurring buy orders with Coinbase if you're looking to buy Cosmos regularly via a DCA strategy.
Fees at Coinbase can be a little steep, as users must pay the spread and a transaction fee. However, Coinbase makes up for this with various useful features, including a handy crypto debit card that allows you to spend your crypto trading balance anywhere. Finally, during our Coinbase review we found that it even offers a free crypto wallet for all users, supporting over 4000 crypto assets – including NFTs!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
According to CoinMarketCap, Binance is the world's largest cryptocurrency exchange, regularly handling over $15bn in daily trading volume. Binance is available in more than 180 countries worldwide and offers over 500 cryptocurrencies to trade, including altcoins and ERC-20 tokens. The great thing is that Binance only charges a 0.1% fee when you buy and sell using their platform.
Users can reduce this fee even more by buying and holding BNB, which is Binance's native token. In terms of the trading experience, Binance's platforms will appeal to all types of traders, as they feature extensive charting options and numerous technical indicators. Binance even allows users to instantly purchase crypto using a debit/credit card, although this will come with a 4.5% fee per trade.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
The final broker we'd recommend when choosing where to buy Cosmos (ATOM) is Kraken. Kraken is regulated by numerous top entities, including FinCEN and FinTRAC, ensuring high security for traders. With over 90 coins to trade, Kraken provides a large asset selection for users whilst offering instant trading options and spot exchange options through Kraken Pro.
Fees will vary depending on your payment method, although using the exchange through Kraken Pro will only require a maker-taker fee of 0.16% to 0.26% for anything less than $50,000. Kraken excels when it comes to staking, as users can stake up to 15 different assets – including FIAT currencies such as EUR and USD! Finally, Kraken has an extensive library of educational materials, including guides, videos, and podcasts that can streamline the learning process for beginners.
Cosmos is a fascinating cryptocurrency that looks to solve the issue of interoperability between blockchains. By becoming the 'Internet of Blockchains', Cosmos can connect independent networks and allow them to share data seamlessly – all whilst maintaining their autonomy. Cosmos uses a unique Proof-of-Stake (PoS) protocol called 'Tendermint', enabling developers to create their own blockchains.
Separate blockchains connect to one another through Cosmos' 'Inter-Blockchain Communication Protocol', which essentially creates an ecosystem of blockchains all connected to the central hub. Cosmos' native token, ATOM, is used for validation, governance, and to pay for transaction fees within the network. ATOM is what you'll be investing in if you buy Cosmos and is now offered by many major brokers and exchanges.
If you've decided where to buy Cosmos (ATOM), now it's time to discuss its merits. Found below are three of the main reasons to consider investing in Cosmos right now.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
According to CoinGecko, Cosmos currently has a market cap of $11.74bn. This makes it the 19th largest crypto globally, meaning it has a long way to go if it wants to be the size of Ethereum or Bitcoin. Due to this, investing in Cosmos now would mean you'd be in relatively early – providing scope for larger gains as the platform grows.
By allowing blockchains to be interoperable, Cosmos helps reduce any 'rivalries' between platforms and enables decentralised apps (dApps) to work on various networks. At present, popular apps such as Ankr and Akash Network are already deployed on Cosmos, with many more set to follow suit in the future.
Finally, as the crypto market grows, the need for networks to connect and share data will become larger. As such, Cosmos provides a much-needed service to these blockchains, which means that ATOM will naturally become more valuable as the platform experiences greater demand.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Cosmos exploded onto the scene in early 2021, with the coin's price increasing a remarkable 612% between January and May. Although there was a steep pullback after this, Cosmos then rallied by 394% between July and September, reaching an all-time high of $44.70 on September 20th, 2021. Cosmos is currently trading just below this level, ranging around $40.25 – and looks likely to push higher as we move further into 2022.
Cosmos is now clearly trading above the 50-day and 200-day EMA, an extremely bullish signal. At the time of writing, ATOM's price is testing the resistance level around $43.30, which was rejected the last time it was met back in October 2021. Given the strength of the bullish run that Cosmos is in, there's a high likelihood this could break. If this happens, we could then see a break of October's all-time highs – with many analysts estimating that ATOM could reach the $100 mark (or even higher) throughout 2022!
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Where can you buy Cosmos? These days there are numerous ways to buy Cosmos. Found below are three of the most popular methods:
Many people opt to buy Cosmos using PayPal due to the platform's excellent reputation and safety features. Certain brokers (such as eToro) allow you to connect your PayPal account to your trading account and instantly fund your trading balance using it. Once funded, you can proceed to buy Cosmos, with the requisite funds coming out of your balance.
Alternatively, you can even buy Cosmos using a credit or debit card. The most common way of doing this is to fund your trading balance using your card, which most platforms accept. However, certain crypto exchanges (such as Coinbase and Binance) will allow you to instantly buy Cosmos using your credit/debit card – although this tends to come with a high transaction fee per trade.
Finally, e-wallets such as Neteller and Skrill are now accepted by many trading platforms. eToro accepts many digital wallets, including Neteller and Skrill, allowing users to fund their trading balance using these wallets. Once funded, users can then proceed to buy Cosmos as they usually would.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Now that you know where to buy Cosmos (ATOM), let's discuss the investment process. The four steps below detail how to invest in Cosmos using eToro – our recommended broker for beginner crypto traders.
Head to eToro's website and click 'Join Now'. Enter an email address and choose a username and password for your account. You can also create an account by downloading the eToro app via the App Store or Google Play.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
Due to anti-money laundering guidelines, new users must verify themselves before trading. To do so, click 'Complete Profile' and complete the required KYC checks. Following this, upload proof of ID (copy of passport or driver's license) and proof of address (copy of bank statement or utility bill).
Before trading, new users must deposit at least $50 into their account, which is free to do if using USD. eToro accepts deposits from credit/debit cards, bank transfers, and numerous e-wallets – including PayPal, Skrill, and Neteller.
Type 'Cosmos' or 'ATOM' into the search bar and click 'Trade' when the coin appears in the drop-down menu. In the order box that appears, enter the amount you'd like to invest (minimum of $10) and click 'Open Trade'.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.
This article has discussed the process of buying Cosmos safely, covering all of the top trading platforms and highlighting where you can invest today with low fees. Due to Cosmos' unique features and benefits, this crypto looks set to make waves as we progress through 2022.
If you'd like to buy Cosmos right now, we'd recommend using eToro to do so. Thanks to extensive regulation, extremely low trading fees, and copy trading tools, eToro is the ideal place to invest in Cosmos for beginners and advanced traders alike.
Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection. Your capital is at risk. Additionally, 68% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
You can buy Cosmos by partnering with one of the trading platforms mentioned in this guide. All you have to do is sign up, verify your account, make a deposit, and then begin trading!
Yes – Coinbase offers Cosmos as a tradeable asset to all users.
At the time of writing in January 2022, Cosmos is priced at $40.25 – just below September 2021's all-time high of $44.70.
We recommend investing in Cosmos through eToro. This is because eToro allows investments from as little as $10 and even offers a free eToro Money crypto wallet to store your holdings. Moreover, there are no account or deposit fees, and all traders can use the demo account to practice online trading.
Due to Cosmos' ability to allow interoperability between blockchains, the platform will likely become more popular as the crypto space grows. Due to this, Cosmos could be an excellent investment for the longer term.
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Disclaimer: Analytics Insight does not provide financial advice or guidance. Also note that the cryptocurrencies mentioned/listed on the website could potentially be scams, i.e. designed to induce you to invest financial resources that may be lost forever and not be recoverable once investments are made. You are responsible for conducting your own research (DYOR) before making any investments. Read more here.
