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How to buy the Cosmos blockchain (ATOM) cryptocurrency

See which exchanges to visit, and what Cosmos is all about.

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Cosmos 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.

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 Australia

    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 ATOM. Compare some other options in the table below.

In this guide:


Where to buy ATOM

Exchanges that offer Cosmos (ATOM) include the following:

Name Product Deposit methods Fiat Currencies Supported Cryptocurrencies
BPAY
Cash
Cryptocurrency
POLi
AUD
BTC, BCH, ETH, XRP, ADA, XEM, LTC, XLM, TRX, DASH & over 120+ more
CoinSpot is an Australian-based marketplace that allows you to easily buy, sell or trade more than 100 cryptocurrencies.
Bank transfer
BPAY
POLi
Osko
PayID
AUD
BTC, ETC, XRP, BCH, EOS, XVG, LTC, ETH, USDT, XLM & 60+ more
Buy, sell, trade over 70 cryptocurrencies in AU.
Cryptocurrency
-
BTC, XRP, BCH, ETH, NEB, XVG, TRX, NEBL, ETH, NEO & 140+ more
Trade an extensive range of reputable coins on this world-renowned exchange, popular for its high liquidity and multi-language support.

US residents: US-based users have been restricted from Binance since June 2019.
UK residents: In addition to normal crypto trading services, 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.
Cryptocurrency
Bank Wire
USD, EUR, GBP, JPY
BTC, BCH, BTG, IQ, TRX, GNT, AVT, DASH, DATA, EDO & 140+ more
Cryptocurrencies are a highly volatile investment product. Your capital is at risk.
Spot trade all of the major cryptos on this full-featured exchange and margin trading platform.
Credit card
Cryptocurrency
USD
BTC, BCH, MIOTA, XVG, NEO, ADA, XRP, TRX, ONT, ZIL & 580+ more
CoinSwitch allows you to compare and convert over 250 cryptocurrencies across all exchanges.
Poloniex Digital Asset Exchange
Credit card
Cryptocurrency
Bank Wire
-
BTC, ETH, XRP, DOGE, XLM, ETC, STRAT, LTC, SC, DGB & 40+ more
Trade various coins through a global crypto to crypto exchange based in the US.
Bittrex Digital Currency Exchange
Cryptocurrency
Wire transfer
USD
BTC, ETH, XVG, SC, XRP, DOGE, STRAT, XMR, ADA, OMG & 220+ more
Buy from one of the largest cryptocurrency exchanges with a selection of over 190+ cryptocurrencies and 3 USD pairings.

Compare up to 4 providers

A step-by-step guide to buying ATOM

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

Buying ATOM with fiat currency

Buying ATOM directly with fiat

There are a limited number of places to purchase ATOM, but you can purchase 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 AUD to get ATOM

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

Buying through fiat currency like AUD 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 an AUD deposit with POLi (instant).
  4. Buy Bitcoin or Ether with AUD.
  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

Buying ATOM with cryptocurrency

To buy 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 ATOM

The process for selling 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 (ATOM) in a wallet

Cosmos 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 (ATOM) work?

Cosmos 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 (ATOM)

    Cosmos is 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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