A Step-by-Step-Guide on how to buy Cosmos (ATOM) in Benin
Step 1 – Signup to Coinbase and get 10$ for free In the beginning you'll need to buy units of the bigger coins. Exchanges usually accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Follow the Link below to register and getting your welcome $10.
Step 2 – Transfer Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your ETH (Ethereum) or BTC (Bitcoin) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Cosmos (ATOM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send Coinbase funds to an Exchange? (Follow these easy steps) Make sure you've chosen the right coin you would like to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be different (Follow our guide).
Step 3 – Find (ATOM) Cosmos As soon as your deposit has been approved, you'll immediately have access to your finances and you can start purchasing and trading. To invest in Cosmos (ATOM) on Binance, you will want to go to the “Exchange” tab and after that mouse click on “Basic”. In order to spot (ATOM) Cosmos, you'll need to insert the shortname of the coin (ATOM) into the search box, which is highlighted in the graphic. Be certain of having choosen the right grouping, we've marked this too. Click on “ATOM/BTC” to advance.
Step 4 – Acquisition of (ATOM) Cosmos After you have discovered (ATOM) Cosmos, you will be given a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). And now we're making our own Limit Order. The “Price” field will be filled with the up-to-date price (ATOM) Cosmos was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of ATOM you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you will pay for the whole amount of ATOM. If you are glad, click on “Buy ATOM”. Your order will be filled when a Vendor sells their ATOM for the price you introduced.
Step 5 – Withdraw Cosmos (ATOM) Unless you are trading, best advise is not to keep crypto on an Crypto Exchange for an extensive time frame. In order to withdraw your (ATOM) Cosmos, hover over the tab called “Funds” and mouse click on “Withdraw”. Cosmos (ATOM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ATOM) Cosmos by using the provided drop-down box. Drop in the quantity of (ATOM) Cosmos you would wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your right withdraw address. When you're happy, click “Submit”. You could be requested for email/phone verification ahead of a withdrawal.