How to Buy Cosmos (ATOM) in Tanzania

A Step-by-Step-Guide on how to buy Cosmos (ATOM) in Tanzania

Step 1 – Signup to Coinbase – Get Free $10

You will first need to purchase one of the top-tier currencies. Exchanges usually accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for Altcoins. Follow the Link below for registration and to get your first 10 Dollar.

Step 2 – Send Your Bitcoin or Ethereum to an Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Cosmos (ATOM) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Just follow these easy steps)

Make sure you have selected the right coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you're using a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Locate Cosmos (ATOM)

Once your deposit has been approved, you'll immediately have access to your finances and you can initiate buying and trading. To purchase (ATOM) Cosmos on Binance, you'll want to hover over the “Exchange” tab and after that click on “Basic”.

In order to discover Cosmos (ATOM), you will need to insert the short name of the asset (ATOM) into the search box, which is marked in the picture. Be certain of having choosen the right grouping, we have marked this too. Click on “ATOM/BTC” to continue.

Step 4 – Buying Cosmos (ATOM)

After you've discovered Cosmos (ATOM), you'll be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the picture). Next we are creating our Limit Order.

The “Price” field will be filled with the latest rate Cosmos (ATOM) was sold for. This can be changed to your preferred rate. The “Amount” field is the quantity of ATOM you want to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete volumen of ATOM.

If you are satisfied, click on “Buy ATOM”. Your plan will be filled when a Vendor trades their ATOM for the price you introduced.

Step 5 – Withdraw (ATOM) Cosmos

Unless you're regularly trading, best advise is not to keep your crypto coins on an Exchange for an extended time period. To withdraw your (ATOM) Cosmos, go to the “Funds” tab and mouse click on “Withdraw”. Cosmos (ATOM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ATOM) Cosmos by using the given drop-down box. Enter the volumen of (ATOM) Cosmos you would wish to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

If you're glad, click on “Submit”. You may be asked for verfication via email/phone ahead of a withdrawal.

Congrats! You've successfully bought and stored Cosmos (ATOM) in Tanzania.

That's it!

Withdrawals from Exchange can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you have proved your take off with Ethplorer.io or Etherscan.io and the Cosmos (ATOM) is stored in your wallet, you are finished.