How to buy Cosmos(ATOM) coins on mobile phone

To acquire Cosmos (ATOM) coins on mobile, choose a reputable exchange like Coinbase or Binance, fund your account, locate the ATOM trading pair, place a buy order, and store your purchased ATOM coins securely in a hardware or non-custodial software wallet.

Dec 07, 2024 at 05:38 am

How to Buy Cosmos (ATOM) Coins on Mobile Phone

Introduction

Cosmos is a decentralized blockchain network that enables the creation of custom blockchains, known as zones. ATOM is the native token of the Cosmos ecosystem, and it is used to pay transaction fees, stake validators, and govern the network. This guide will provide step-by-step instructions on how to buy Cosmos (ATOM) coins on a mobile phone using a popular cryptocurrency exchange app.

Step 1: Choose a Cryptocurrency Exchange App

Select a reputable cryptocurrency exchange app that supports ATOM trading, such as Coinbase, Binance, or Kraken.
Download the app from the official app store and create an account.
Verify your identity by providing personal information and completing KYC (Know Your Customer) procedures.

Step 2: Fund Your Account

Link a bank account or payment method to your exchange account.
Transfer funds into your exchange account using a debit card, credit card, or bank transfer.
Wait for the funds to be processed, which typically takes a few minutes to hours.

Step 3: Find the ATOM Trading Pair

Open the exchange app and navigate to the trading section.
Search for the ATOM trading pair, which is usually against a stablecoin (e.g., ATOM/USDT).

Step 4: Place a Buy Order

Select the "Buy" option and enter the amount of ATOM you want to purchase.
Choose a market order to buy ATOM at the current market price or a limit order to specify a specific price.
Review the order details and confirm the transaction.

Step 5: Store Your ATOM Coins

Once your order is executed, the ATOM coins will be credited to your exchange account.
Consider transferring your ATOM coins to a hardware wallet or a non-custodial software wallet for increased security.

Additional Considerations

Transaction Fees: Cryptocurrency exchanges charge transaction fees for buying and selling cryptocurrencies. Check the exchange's fee schedule before placing an order.
Market Volatility: Cryptocurrency prices are volatile, so it's important to understand the risks involved before buying ATOM.

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