How to Buy Cosmos (ATOM) in Faroe Islands

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

Step 1 – Join Coinbase – Get Free $10

You'll first need to purchase one of the bigger coins. Exchanges commonly accept either Bitcoin or Ethereum in exchange for alternative Coins. Click below for registration and getting your welcome 10 Dollar.

Coinbase Promo Signup
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Cosmos (ATOM) is accessible on Binance, so we will use that as an sample. Not sure on how to send funds from Coinbase to an Exchange? (Follow this how-to)

Make sure you've chosen the precise coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so on. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Just follow these easy steps).

Binance Signup

Step 3 – Locate (ATOM) Cosmos

As soon as your deposit has been approved, you'll directly have access to your finances and you can start invest and trading. To purchase (ATOM) Cosmos on Binance, you will want to go to the “Exchange” tab and then mouse click on “Basic”.

In order to find (ATOM) Cosmos, you'll need to insert the cointype (ATOM) into the search-box, which is marked in the graphic. Make sure you have choosen the right grouping, we have marked this too. Click on “ATOM/BTC” to advance.

Step 4 – Purchase Cosmos (ATOM)

After you've found Cosmos (ATOM), you will be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the picture). Next we're making our Limit Order.

The field with the “Price” tag will be filled with the most recent tariff Cosmos (ATOM) was traded for. You can change this to your desired price. The “Amount” field is the quantity of ATOM you want to purchase. The “Total” field is the aggregated price in BTC that you will pay for the complete volumen of ATOM.

When you are satisfied, click on “Buy ATOM”. Your plan will be filled as soon as a Vender sells their ATOM for the price you submitted.

Step 5 – Withdraw (ATOM) Cosmos

Unless you are frequently trading, never keep your crypto on an Crypto Trader for an extensive period of time. To withdraw your (ATOM) Cosmos, hover over the “Funds” tab and mouse click on “Withdraw”. Cosmos (ATOM) can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate (ATOM) Cosmos by using the provided drop-down box. Enter the volumen of Cosmos (ATOM) you would like to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your precise withdraw address.

When you're satisfied, click on “Submit”. You may be asked for verfication via email/phone before a withdrawal.

Congratulations! You have successfully bought and stored (ATOM) Cosmos in Faroe Islands.

That's it!

Withdrawals from Crypto Exchange can durate anywhere from 1 – 30 minutes (depending on network usage). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the (ATOM) Cosmos is stored inside your wallet, you're all done.