Cosmos is a decentralized, open-source blockchain network that aims to become an alternative internet. It was created by IOHK in 2015 and launched on mainnet in 2018. The project has been developed with security as its core value since day one. This means that all transactions are secured using cryptography, and there will be no third parties involved.
In addition, the team behind this platform also believes that decentralization should apply to technology and governance. Therefore, they have decided to create their native COSM token instead of relying on any other existing coin or token for funding purposes. They believe that having your currency gives them more control over how things work within the ecosystem.
How can I buy Cosmos
You can purchase Cosmos through Binance or KuCoin. you ought to sign up first before you can start trading. Once signed up, go to the “Exchanges” tab from the menu bar at the top right corner of the screen. Then click on the “Add Exchange” button under the “Available Exchanges” section. Enter your email address where you want to receive notifications about new exchange listings. Click on submit when done.
Now search for Cosmos in the list of cryptocurrencies available on the exchange. If it shows zero results, try searching again after adding the USDT pair. When found, select Cosmos/USDT pairing and proceed further. Choose whether you would like to deposit fiat money into your account or make withdrawals. The deposit option allows you to add funds directly, while the withdrawal option lets you withdraw crypto coins stored in your wallet back to your bank accounts. After selecting either method, follow the instructions given by the system.
You can purchase Cosmos using PayPal Signup if you don’t already have an account. Select “Send Money” next to “PayPal Account.” Create a new payment profile and enter the amount of Cosmos you wish to send. Follow the prompts provided by Paypal to complete the transaction. This is an effective way to get started with the cosmos without exposing yourself to risks associated with exchanges.PayPal is currently offering 0% fees on purchases made via credit card.
Buy with credit card Cosmos
Cosmos accepts payments through major credit cards such as Visa, Mastercard, American Express, etc. To use these services, users must register for an account with Coinbase and then link their wallets to the Coinbase app. Users can then fund their Cosmos Wallet with US dollars or Euros.
Once funded, users may transfer Cosmos tokens between each other or sell them on secondary markets. This is a very convenient way to acquire Cosmos because most people do not know much about investing in cryptocurrency. However, keep in mind that some countries might prohibit certain financial activities, so check out local laws before proceeding.
Cosmos supports bank transfer which makes it easy to convert fiat currencies to cosmos. A pop-up window will appear, Displaying the total cost, including shipping charges. Make sure to pay attention to the conversion rate used by the site. Once completed, copy down the information displayed on the page and paste it into the appropriate. Now, wait until the process completes.
Buy Cosmos Where?
There are various places where you can actually buy Cosmos. These include :
- Localbitcoins: This website connects buyers and sellers all over the world. It offers fast transactions and low commissions. The downside, however, is that there is no escrow service provided. So buyer beware!
- Coinmama: Another popular platform among traders who prefer to trade privately. They give both peer-to-peer trades and centralized marketplaces. Their commission rates vary depending on how many orders they place per day.
- Binance Exchange: One of the most prominent digital asset trading platforms today. You can easily find Cosmos here. There are also several ways to buy Cosmos from this platform. For example, you can go to coinmarketcap.com and click on the ‘buy button under the Cosmos section. Alternatively, you can visit binance.us and choose Cosmos/BTC pairing. Then fill-up the form and submit it.
- Kucoin Exchange: Like Binance, kucoin has its marketplace where you can buy Cosmos at competitive prices. Select your desired pair, fill up the form, and proceed. this is the best platform
Buying the Cosmos is relatively simple but requires patience and diligence. If you go through this guide carefully, I am confident that you’ll be able to navigate the crypto space successfully. Good luck!