A Step-by-Step-Guide on how to buy Cosmos (ATOM) in Australia
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the bigger currencies. Exchanges normally accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click below for registration and getting your welcome 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is identical. Cosmos (ATOM) is accessible on Binance, so we're going to use that as an sample. Unsure on how to send funds from Coinbase to an Exchange? (Follow this guide) Make sure you have chosen the exact coin you want to deposit. BTC must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Find Cosmos (ATOM) Once your deposit has been approved, you'll immediately have access to your finances and you can commence purchasing and trading. To purchase Cosmos (ATOM) on Binance, you will want to hover over the tab which is called “Exchange” and mouse click on “Basic”. In order to locate (ATOM) Cosmos, you'll need to put the short name of the asset (ATOM) into the search-box, which is highlighted in the graphic. Make sure you have selected the proper pairing, we've marked this also. Click on “ATOM/BTC” to progress.
Step 4 – Purchase Cosmos (ATOM) Once you have discovered Cosmos (ATOM), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the picture). Next we are going to make our Limit Order. The “Price” field will be filled with the latest rate Cosmos (ATOM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of ATOM you want to buy. The field with the “Total” tag is the whole price in Bitcoin that you'll settle for the whole quantity of ATOM. If you're glad, make a mouse click on “Buy ATOM”. Your order will be filled as soon as a Vendor trades their ATOM for the price you submitted.
Step 5 – Withdraw (ATOM) Cosmos Unless you are frequently trading, best advise is not to keep crypto on an Crypto Trader for an longer time frame. In order to take off your (ATOM) Cosmos, hover over the tab called “Funds” and click on “Withdraw”. Cosmos (ATOM) can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (ATOM) Cosmos by using the provided drop-down box. Put into the quantity of (ATOM) Cosmos you'd wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have entered your correct withdraw address. If you are satisfied, make a mouse click on “Submit”. You could be asked for email/phone verification before a withdrawal.