How to Buy Cosmos (ATOM)

Dubbed the “Internet of blockchains,” Cosmos aims to reduce the time and complexity involved in building custom blockchains. Further, blockchains built using the Cosmos Network are able to transfer data and tokens between each other seamlessly, thanks to its protocol.

ATOM plays an essential role in key parts of this functionality, helping track and record the state of Cosmos blockchains, making the network more resilient and robust. 

Not sure yet why you’d want to buy ATOM? Feel free to read our ‘What is Cosmos?’ guide, which offers a more extensive breakdown of its technology and vision. 

By owning and staking ATOM, users gain the ability to vote on upgrades to the Cosmos network, with each vote being proportional to the amount of ATOM they stake. 

Users can also delegate their tokens to stakers, allocating votes to other users in order to earn a small percentage of the ATOM rewards.

There are a number of ways to buy ATOM. However, many find that it is easiest to purchase it through a trusted global exchange like Kraken. 

Aside from offering the lowest fees in the industry, Kraken is constantly rated one of the most secure and trusted crypto exchanges in the world. This matters because if you lose the private key to your ATOM, it can be challenging if not impossible to recover your funds. 

At Kraken, we take security seriously, with tested technology and rigorous procedures designed to safeguard funds. We don’t cut corners when it comes to security, and neither should you. 

Follow the steps below to start buying ATOM on Kraken: 

1. Sign up for a Kraken account.
   First, enter a valid email address, create a new username and set a strong password to protect your account.

2. Verify your account. 
   After providing your name, date of birth, country of residence and phone number, you can buy ATOM with cryptocurrencies like BTC and ETH. In order to use cash (i.e. USD or EUR), you’ll need to provide our experts with additional supporting documents verifying your identity. Read about our verification processes here.

3. Deposit cash.
   You can fund your account in a number of ways. How you do so will depend upon your location and preferences.

4. Purchase ATOM!
   Once your account is funded with cash, you’re ready to buy ATOM. You’ll also get access to our advanced charting tools, 24-hour global client support and margin* and futures trading**. All of these features are why millions of global traders love Kraken.

*Availability of margin trading services is subject to certain limitations and eligibility criteria.

**Trading futures, derivatives and other instruments using leverage involves an element of risk and may not be suitable for everyone. Read Kraken’s risk disclosure to learn more.

Once you buy ATOM, you’ll need somewhere to safely store your cryptocurrency. 

Kraken is secure, but it’s always safest to store your ATOM in a wallet, a software or hardware device that stores the public and private keys required to make crypto transactions.

There are many types of ATOM wallets. Mobile and web wallets can make transactions easy, while hardware wallets are perhaps best suited for secure, long-term storage. 

Ready to take the next step towards buying ATOM? Click the button below to buy ATOM on Kraken today!