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How to Buy and Sell Cosmos (ATOM) Coin
To buy Cosmos (ATOM) on a crypto exchange like Binance or Crypto.com, you'll need to create an account, verify your identity, fund it, and place a buy order for the desired ATOM trading pair (e.g., ATOM/USDT).
Dec 14, 2024 at 12:15 am
How to Buy and Sell Cosmos (ATOM) Coin
Step 1: Choosing a Crypto Exchange
- Binance: The world's largest crypto exchange with a vast array of trading pairs including ATOM/USDT, ATOM/BTC, and ATOM/BUSD. Known for its high liquidity and trading volume.
- Crypto.com: A reputable exchange with a user-friendly platform and competitive fees. Supports ATOM trading against USDT, BTC, and ETH.
- KuCoin: Another popular exchange offering ATOM trading pairs like ATOM/USDT, ATOM/BTC, and ATOM/ETH. Known for its low trading fees and diverse altcoin selection.
Step 2: Creating an Account and Verifying Identity
- Register on the chosen exchange's website or mobile app.
- Provide personal information and undergo KYC (Know Your Customer) verification, which typically involves submitting identity documents and a selfie for verification.
- Enable two-factor authentication (2FA) for enhanced security.
Step 3: Funding Your Account
- Transfer fiat currencies (USD, EUR, etc.) from your bank account or debit card through the exchange's deposit channels.
- Alternatively, transfer crypto assets from another wallet or exchange that supports ATOM.
Step 4: Buying Cosmos (ATOM)
- Navigate to the 'Buy/Sell' or 'Trade' section of the exchange.
- Select the desired ATOM trading pair (e.g., ATOM/USDT).
- Specify the amount of ATOM you want to buy and the type of order (market or limit).
- Place the order and wait for it to get filled.
Step 5: Storing ATOM Safely
- Keep your ATOM coins on the exchange if you plan to trade actively.
- Withdraw ATOM to a hardware wallet (e.g., Ledger, Trezor) for secure long-term storage and protection against hacks.
Step 6: Selling Cosmos (ATOM)
- Similar to buying, navigate to the 'Buy/Sell' or 'Trade' section of the exchange.
- Select the desired ATOM trading pair (e.g., ATOM/USDT).
- Specify the amount of ATOM you want to sell and the type of order (market or limit).
- Place the order and wait for it to get filled.
Step 7: Withdrawing Fiat Funds
- Once you've sold ATOM, you can withdraw the proceeds in fiat currency.
- Select the 'Withdraw' option and choose your preferred withdrawal method (bank transfer, SEPA, etc.).
- Specify the withdrawal amount and provide the necessary account details.
- Complete the withdrawal request and wait for the funds to be processed.
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The information provided is not trading advice. kdj.com does not assume any responsibility for any investments made based on the information provided in this article. Cryptocurrencies are highly volatile and it is highly recommended that you invest with caution after thorough research！
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