A Step-by-Step-Guide on how to buy Cosmos (ATOM) in Nigeria
Step 1 – Join Coinbase and get 10$ for free You'll first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below for registration and receive your first $10.
Step 2 – Send Your Funds to an Crypto Exchange Your Bitcoin or Ethereum has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is identical. Cosmos (ATOM) is accessible on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this guide) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. In the case you are working with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Locate (ATOM) Cosmos As soon as your deposit has been verified, you'll immediately have access to your funds and you can initiate invest and trading. To buy (ATOM) Cosmos on Binance, you'll want to go to the tab which is called “Exchange” and then mouse click on “Basic”. In order to discover Cosmos (ATOM), you'll need to insert the short name of the asset (ATOM) into the search box, which is marked in the image. Be certain of having selected the correct pairing, we've highlighted this also. Click on “ATOM/BTC” to go on.
Step 4 – Buy Cosmos (ATOM) After you have spotted (ATOM) Cosmos, you will be presented with a Price Chart (in the Center of the picture) and some Order Books (on the Left of the image). Next we're creating our own Limit Order. The “Price” field will be automatically filled with the up-to-date rate (ATOM) Cosmos was traded for. This can be changed 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 whole price in BTC that you will settle for the complete quantity of ATOM. If you are happy, click on “Buy ATOM”. Your order will be filled when a Seller sells their ATOM for the price you gave.
Step 5 – Withdraw Cosmos (ATOM) Unless you're trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extensive time period. In order to take off your (ATOM) Cosmos, go to the tab called “Funds” and click on “Withdraw”. (ATOM) Cosmos can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Find Cosmos (ATOM) by using the provided drop-down box. Enter the quantity of (ATOM) Cosmos you'd like to withdraw. Take into account the shown fees/minimums. Also make sure you have filled your right withdraw address. When you're glad, click “Submit”. You may be requested for email/phone verification ahead of a take off.