Cosmos, a leading blockchain network, has experienced significant growth since its inception. Its innovative technology and scalability make it an appealing choice for investors. We’ll guide you through easy, fast, and secure methods to buy and store Cosmos (ATOM). To keep it simple, we believe that Coinbase is the best platform to purchase Cosmos. Why choose Coinbase?

    1. Coinbase is trusted by BlackRock and has a Deposit protection.
    2. Coinbase has super low fees and is almost an industry leader in this category.
    3. Coinbase has the best customer support in the industry according to our tests.

    The following table explains why Coinbase is the best choice for buying Cosmos.

    Exchange
    Rating
    Fees
    0,15%
    0,10%
    0,99%
    1,5%
    1%
    1%
    Cost per $1,000
    $1,50
    $1
    $9,90
    $14,90
    $10,00
    $10,00
    Cost per $100,000
    $150
    $100
    $990
    $1,500
    $1,000
    $1,000
    Transfer to external wallet
    Security
    Details
    Trusted by BlackRock
    Super low fees
    Big portfolio
    Secure but expansive
    Fast verification
    Variety of Memecoins
    Link

    Buy Cosmos on Coinbase

    Cosmos, a leading blockchain network, is gaining tremendous popularity for its innovative design and scalability. As with any cryptocurrency, you’ll need a secure platform to buy and store Cosmos (ATOM). Below, we walk you through simple, fast, and secure ways to buy and store Cosmos. To keep it straightforward, we recommend Coinbase as the best platform to buy Cosmos (ATOM). Why Coinbase?

    Coinbase is a regulated crypto custodian with licenses worldwide. This ensures that Coinbase adheres to strict security protocols and is overseen by financial authorities. Even BlackRock, the world’s largest asset manager, trusts Coinbase to handle the custody of Bitcoin for its Bitcoin ETFs. This demonstrates Coinbase’s highly secure infrastructure.

    While you have the option to use external wallets, Coinbase offers a secure environment to store your Cosmos. Unlike other platforms that may delay withdrawals, Coinbase processes them instantly, providing you quick access to your funds.

    Cost-effectiveness is another key advantage. Coinbase’s fees are competitive at just 0.15%, far lower than the industry standard. For comparison, Bison, a provider linked to the German stock exchange, charges 1.5% for Cosmos transactions.

    Coinbase prioritizes security with features like two-factor authentication, adding an additional layer of protection to your account. They also provide customer support, typically responding within 24 hours. (We can personally vouch for their support team’s efficiency and helpfulness.)

    The platform is designed for ease of use. Its user-friendly interface caters to both beginners and experienced traders. Additionally, with dedicated apps for Android and iOS, managing your Cosmos portfolio and executing trades is simple from anywhere.

    Coinbase is one of the most popular and user-friendly platforms for buying Cosmos (ATOM). Here’s how you can easily, securely, and quickly purchase Cosmos on Coinbase.

    Step 1: Sign Up for Coinbase

    To begin buying Cosmos, you need to create an account on Coinbase. Go to Coinbase.com and click “Get Started.” Enter your name, email, and a password. After completing the form, click “Create Account.”

    Step 2: Verify Your Identity

    Coinbase requires identity verification to comply with regulations. Upload a government-issued ID and provide personal details such as your address and date of birth. The process should take only a few minutes.

    Step 3: Add a Payment Method

    To purchase Cosmos, you need to link a payment method. Coinbase offers several options, including:

    • Bank Account: Link your bank account for lower fees and higher transaction limits.
    • Credit or Debit Card: Ideal for quicker purchases, though fees are usually higher compared to bank transfers.
    • PayPal: Coinbase also supports PayPal for deposits and withdrawals in certain regions.

    Step 4: Buy Cosmos

    Once your account is ready and your payment method is set up, you’re ready to purchase Cosmos (ATOM).

    1. On the Coinbase dashboard, navigate to the “Buy/Sell” section.
    2. Choose Cosmos (ATOM) from the list of available cryptocurrencies.
    3. Enter the amount of Cosmos you want to buy, either in your local currency (e.g., USD, EUR) or ATOM.
    4. Select your payment method (e.g., bank account, credit card).
    5. Review the transaction details, including fees, and click “Buy Now” to complete your purchase.

    Step 5: Store Your Cosmos Securely

    After purchasing Cosmos, it will be stored in your Coinbase wallet. For added security, we recommend transferring your Cosmos to a personal wallet (like a hardware wallet from Ledger or Trezor) rather than keeping it on Coinbase, which is an online exchange.

    Benefits of Buying Cosmos on Coinbase:

    • User-Friendly Interface: Coinbase’s intuitive design makes it easy for beginners to navigate.
    • High Security: Coinbase implements robust security measures like two-factor authentication (2FA) and insurance for funds held in the Coinbase Vault.
    • Multiple Payment Options: Coinbase supports various payment methods, such as bank transfers, credit cards, and PayPal.

    Buy Cosmos on Binance

    Binance, one of the largest and most popular cryptocurrency exchanges in the world, is renowned for its high security and easy-to-use platform. Until recently (May 2019), purchasing Cosmos (ATOM) with Euro (EUR) or US Dollars (USD) directly on Binance was not possible. Now, however, you can effortlessly buy Cosmos with a credit card or trade other cryptocurrencies for it. In this guide, we’ll walk you through both methods!

    Step 1: Register on Binance

    Binance offers the option to verify your identity, which isn’t mandatory, but doing so will allow you to increase your daily withdrawal limit to 100 BTC. Without verification, the daily limit is 2 BTC, but you can still access all other platform features.

    Step 2: Buy Cosmos with a Credit Card

    To buy Cosmos (ATOM) with a credit card on Binance, follow these steps:

    1. Navigate to the Credit Card Section: In the top menu, click on “Buy Crypto” and then select “Buy with Credit Card.”
    2. Select Your Payment Currency: Choose Cosmos (ATOM) as your cryptocurrency and select your payment currency (Euro or USD).
    3. Enter Your Personal Information: Complete the required fields with your details.
    4. Verify Email and Phone Number: Verify your email and phone number using the codes sent to you.
    5. Proceed to Payment: After verification, click “Next” to input your credit card details.
    6. Upload ID for Verification: To finalize the process, upload the front and back of your passport to verify your identity.

    Important Notes Before and After Your Purchase

    • Cosmos Price Fluctuation: The Cosmos amount displayed is based on the current rate, which may change. If the rate fluctuates by more than ±2.5%, you will be asked to reconfirm the transaction via email from Simplex, Binance’s third-party provider.
    • Transaction Fees: Simplex charges a fee of 3.5% per transaction or USD 10, whichever is higher.
    • Transaction Limits: The daily limit for purchases is USD 20,000 per user, and the monthly limit is USD 50,000. The minimum transaction amount is USD 50.
    • Track Payment Status: After completing your purchase, you can track your payment status and deposit history through Simplex.

    Step 3: How to Trade Cosmos on Binance

    If you already have other cryptocurrencies like Ethereum (ETH), Binance Coin (BNB), or Tether (USDT), you can deposit them into your Binance account and trade them for Cosmos (ATOM). Here’s how to exchange Ethereum (ETH) for Cosmos (ATOM):

    1. Deposit Ethereum (ETH): If you already have Ethereum on another exchange or wallet, you can send it directly to your Binance Ethereum wallet address. If not, you can purchase it on a platform like Litebit and provide your Binance Ethereum wallet address for the transfer.
    2. Access the Deposit Section: After logging in, click on “Funds” in the navigation bar and then select “Deposit.”
    3. Find Your Ethereum Wallet Address: Type “ETH” in the search box and select “Ethereum.” You will see your unique Ethereum wallet address to transfer ETH from another wallet.
    4. Exchange Ethereum for Cosmos: Once your Ethereum arrives in your Binance account, go to the “Markets” tab, select “ETH/ATOM,” and place an order to trade for Cosmos.

    Additional Trading Tips

    • Leverage Trading: Binance also offers margin trading with leverage, which can help you amplify your trades and maximize potential profits (though with higher risk). Be sure to understand leverage fully before using it.
    • Security: Activate two-factor authentication (2FA) to protect your account. Binance uses cold storage for funds and offers insurance in case of major losses.

    Buy Cosmos on Kraken

    Kraken is a regulated crypto custodian with licenses across multiple jurisdictions, Kraken adheres to stringent security standards and is overseen by financial authorities, ensuring that your Cosmos (ATOM) is safe. Cosmos is a highly scalable and innovative blockchain network, gaining popularity among crypto enthusiasts and institutional investors alike. Kraken’s reputation is bolstered by its trusted relationship with institutional investors, making it a secure platform for the custody of Cosmos and other cryptocurrencies.

    Kraken gives you the flexibility to use external wallets for added control, but it also offers a secure environment for storing your Cosmos (ATOM). Kraken ensures quick withdrawals, giving you immediate access to your assets, unlike some platforms that impose delays.

    When it comes to cost, Kraken’s fees are competitive and tiered for various types of transactions. Kraken offers a highly competitive trading fee structure, with fees as low as 0.16% for makers and 0.26% for takers, well below the average rates found on other platforms.

    Security is a priority at Kraken, which offers two-factor authentication (2FA) and advanced encryption to protect your account. In addition, Kraken provides responsive customer support, making it easy to get assistance when you need it.

    Kraken is designed to be intuitive, catering to both beginners and seasoned traders. The platform’s user-friendly interface is complemented by mobile apps for Android and iOS devices, allowing you to manage and trade your Cosmos (ATOM) portfolio wherever you are.

    Kraken is one of the most trusted and secure platforms to buy Cosmos (ATOM). Here’s how you can buy Cosmos (ATOM) safely and efficiently on Kraken.

    Step 1: Sign Up for Kraken

    To begin purchasing Cosmos (ATOM), create an account on Kraken. Visit Kraken.com and click “Create Account.” Enter your name, email, and create a secure password. Once you’ve filled out the required fields, click “Create Account.”

    Step 2: Verify Your Identity

    Kraken requires identity verification in order to comply with financial regulations. Upload a government-issued ID and provide personal details like your address and date of birth. This verification process is crucial for security and usually takes just a few minutes to complete.

    Step 3: Add a Payment Method

    To purchase Cosmos (ATOM), you need to link a payment method. Kraken offers several options, including:

    • Bank Account: Link your bank account for lower fees and higher transaction limits.
    • Credit or Debit Card: Perfect for faster purchases, although fees are typically higher than bank transfers.
    • Wire Transfers: Kraken supports wire transfers for larger transactions in certain countries.

    Step 4: Buy Cosmos (ATOM)

    Once your account is set up and your payment method is linked, you’re ready to purchase Cosmos (ATOM).

    • On the Kraken dashboard, go to the “Buy Crypto” section.
    • Select Cosmos (ATOM) from the list of available cryptocurrencies.
    • Enter the amount of Cosmos you want to buy, either in your local currency (USD, EUR) or in ATOM.
    • Choose your payment method (bank account, credit card, etc.).
    • Review the transaction details, including any applicable fees, and click “Buy Now” to complete your purchase.

    Step 5: Store Your Cosmos Securely

    After purchasing Cosmos, it will be stored in your Kraken wallet. For additional security, it’s recommended that you transfer your Cosmos (ATOM) to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), rather than keeping it on Kraken, an online exchange.

    Benefits of Buying Cosmos (ATOM) on Kraken:

    • User-Friendly Interface: Kraken is known for its clear and intuitive design, making it easy for beginners to navigate.
    • High Security: Kraken employs robust security features, such as two-factor authentication (2FA) and insurance for funds held in its vault.
    • Competitive Fees: Kraken offers highly competitive fees, making it an attractive option for both small and large transactions.
    • Multiple Payment Options: Kraken supports a variety of payment methods, including bank transfers, credit cards, and wire transfers, to meet different user needs.

    Buy Cosmos on Kriptomat

    About Kriptomat

    In contrast to established brokers like eToro, Kriptomat is a relatively new crypto exchange but is equally trustworthy. On Kriptomat, you can buy over 30 cryptocurrencies directly with Euro (EUR), USD, and more, and easily send them to an external wallet. However, note that trading is currently restricted to Europe, so users from regions like the USA are unable to access the platform.

    Kriptomat focuses on providing an easy-to-use and modern interface, making it simple for anyone to buy and trade cryptocurrencies. For beginners, Kriptomat is an excellent choice. Additionally, Kriptomat holds two licenses from the Estonian government, demonstrating its commitment to regulatory compliance.

    An unbeatable advantage of Kriptomat is its fees. Unlike other exchanges and brokers, Kriptomat does not charge a price premium. Your purchase price reflects the spot price of Cosmos (ATOM). Kriptomat only applies a small nominal fee for each transaction, and all fees are clearly displayed during the purchase process. The deposit fees are structured as follows:

    Set up a Cosmos Account on Kriptomat

    Kriptomat adheres strictly to the legal requirements of the European Union, which means you must fully verify your identity. To buy Cosmos (ATOM) on Kriptomat, you first need to create an account. Go to the official website kriptomat.io and click on the orange “Register” button. This will open a pop-up window where you’ll need to enter your first and last name, an email address, and a password for your account.
    Kriptomat will then send you an email with a confirmation link. By clicking this link, you verify your account. After that, you can log in to your Kriptomat account using the credentials you just created. However, you are not quite done with the registration yet.

    Before buying Cosmos (ATOM) and using additional features of the platform, you must enter and verify your phone number. Kriptomat will send an SMS with a verification code that you’ll need to enter on the website. However, the registration is still incomplete. Due to strict EU regulations, you will need to complete an identity verification step. To start, simply click the prompt as shown in the screenshot below.

    Kriptomat verification
    A new pop-up window will appear where you need to enter your address (street, house number, city, country). You’ll also need to upload a photo or scan of your passport or ID card. Kriptomat offers a fast and convenient process for this. You can easily complete the registration on your smartphone. Simply click on the link, and Kriptomat will send you an SMS with a link to continue the process.

    You can then take a photo of your ID (both front and back) using your smartphone and upload it directly. The same process applies to the final step. Kriptomat will also ask for a selfie for verification. You can allow Kriptomat to access your camera, take a selfie, and upload it instantly.

    If you wish to buy Cosmos (ATOM) via SEPA bank transfer, you must also add a bank account to your Kriptomat account during the last step. You can then deposit money via SEPA and use your “credit” to buy Cosmos and other cryptocurrencies. If you prefer using Neteller, Skrill, or your credit card, you don’t need to add a bank account. Once you’ve completed the registration process, the following purchase limits will apply to your account. Unlike other exchanges, Kriptomat does not differentiate between verification levels, as you’ve already completed full verification.

    Buy Cosmos (ATOM) on Kriptomat

    Buying Cosmos (ATOM) on Kriptomat is simple and intuitive. Start by navigating to the “Buy/Sell” tab (step 1), then click on the “Buy” tab (step 2). The area below will display options to buy Cosmos. Kriptomat buy crypto
    Next, you can choose from four payment methods (step 3). While you need to add a bank account to your Kriptomat account for SEPA bank transfers, the other three options (credit card, Neteller, Skrill) allow immediate purchases without additional data entry.

    In step 4 (see screenshot), you just need to enter the amount of Cosmos (ATOM) you want to purchase. Once you click “Buy Cosmos,” the transaction fees will be displayed. To complete your purchase, simply click “Confirm transaction.”

    Kriptomat will confirm your purchase and redirect you to your “My Wallet” section. Within seconds, your purchased Cosmos (ATOM) will be displayed there. You can also refer to the following video tutorial for a clear overview of the purchase process:

    Buy Cosmos at Anycoin

    Anycoin is a popular cryptocurrency exchange platform that offers a simple and secure way to buy and sell Cosmos (ATOM) along with other cryptocurrencies. It caters to both beginners and more experienced traders, providing an intuitive interface and a variety of features designed to make crypto trading easier and more secure.

    Key Features of Anycoin:

    1. User-Friendly Interface: Anycoin provides a clean and easy-to-navigate platform, making it simple for newcomers to start trading and allowing experienced traders to access advanced tools.
    2. Wide Selection of Cryptocurrencies: Anycoin supports a range of cryptocurrencies, including Cosmos (ATOM), Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), and more, enabling you to diversify your crypto portfolio.
    3. High Security Standards: Security is a top priority at Anycoin, with features like two-factor authentication (2FA) and SSL encryption to protect user accounts and transactions. These measures ensure your Cosmos (ATOM) holdings are secure from external threats.
    4. Low Fees: Anycoin offers competitive fees for both trading and transactions, making it an appealing choice for users who want to minimize costs while buying and selling cryptocurrencies.
    5. Multiple Payment Methods: Users can purchase Cosmos (ATOM) and other cryptocurrencies using various payment methods, such as bank transfers, credit cards, and sometimes PayPal, depending on your location.
    6. Fast Transactions: Anycoin processes transactions quickly, ensuring that you can purchase Cosmos (ATOM) without delays. This makes the platform a great option for users who need fast access to their funds.
    7. Support for Wallets: Anycoin provides its own wallet for storing your crypto assets, but it’s highly recommended to use a personal wallet, such as a hardware wallet, for enhanced security.
    8. Dedicated Customer Support: Anycoin offers responsive customer support to assist with any issues or questions that arise during your experience on the platform.
    9. Mobile Apps: Anycoin has apps available for both Android and iOS devices, making it easy to manage your portfolio and execute trades on the go.

    How to Buy Cosmos (ATOM) on Anycoin:

    1. Create an Account: Start by visiting the Anycoin website and clicking on “Sign Up.” Enter your name, email address, and create a password. Afterward, you’ll receive a verification email to confirm your account.
    2. Verify Your Identity: Anycoin requires you to complete a verification process to comply with regulatory requirements. This might involve submitting a government-issued ID and other personal information.
    3. Link a Payment Method: To buy Cosmos (ATOM), link a payment method to your account. Anycoin supports various payment options like bank transfers, credit cards, and PayPal.
    4. Make Your Purchase: Once your account is verified and your payment method is linked, go to the “Buy” section, select Cosmos (ATOM), and enter the amount you wish to purchase. Review the transaction details and fees, then complete your purchase.
    5. Store Your Cosmos (ATOM) Securely: After purchasing Cosmos (ATOM), it will be stored in your Anycoin wallet. However, for added security, it’s highly recommended that you transfer your Cosmos (ATOM) to a personal wallet, such as a hardware wallet, for safe storage.

    Benefits of Using Anycoin:

    • Simple and Easy to Use: Anycoin’s user-friendly interface makes cryptocurrency trading accessible to everyone, including those who are new to the world of digital assets.
    • Secure Platform: Advanced security features like 2FA and SSL encryption ensure that your funds, including Cosmos (ATOM), are protected.
    • Variety of Cryptocurrencies: Anycoin allows you to easily buy Cosmos (ATOM) and a wide range of other major cryptocurrencies.
    • Competitive Fees: Anycoin offers low transaction fees, making it a cost-effective platform for buying and trading digital currencies.
    • Quick Transactions: The platform processes transactions swiftly, giving you fast access to your purchased Cosmos (ATOM) and other cryptocurrencies.

    Buy Cosmos at ByBit

    Bybit is a popular cryptocurrency exchange platform that specializes in trading digital assets such as Cosmos (ATOM), Bitcoin (BTC), Ethereum (ETH), and other cryptocurrencies. Known for its advanced features and high liquidity, Bybit is primarily used by more experienced traders, especially those interested in leveraged trading and derivatives.

    Key Features of Bybit:

    1. Advanced Trading Tools: Bybit offers a wide range of professional trading tools, including spot trading, margin trading, and derivatives trading (futures contracts). The platform also provides advanced charting features and technical analysis tools to help users make informed decisions when trading Cosmos (ATOM) and other cryptocurrencies.
    2. High Liquidity: Bybit is known for its high liquidity, which is beneficial for traders who need to execute large trades without significant slippage. This makes it a reliable platform for both day traders and those seeking long-term positions in Cosmos (ATOM).
    3. Leverage Trading: One of Bybit’s standout features is its leverage trading options. Users can trade with leverage, amplifying their positions and increasing potential profits when trading Cosmos (ATOM). However, it’s important to note that leverage comes with higher risks, so it should be used cautiously.
    4. User-Friendly Interface: Despite offering advanced trading options, Bybit maintains an intuitive and user-friendly interface, making it accessible for both beginner and experienced traders. The platform’s clean design ensures users can easily navigate through various trading tools.
    5. Security Features: Bybit places a strong emphasis on security, with features like two-factor authentication (2FA), cold storage for crypto assets, and an insurance fund to cover potential losses during extreme market conditions. These measures ensure the safety of your Cosmos (ATOM) and other digital assets.
    6. Mobile App: Bybit offers mobile apps for both Android and iOS, enabling users to trade and manage their crypto assets on the go. The mobile apps provide many of the same features as the desktop platform, making it easy for traders to stay connected to the markets at all times.
    7. Fast Transactions: Bybit offers fast and seamless transactions, with order execution speeds often cited as some of the quickest in the industry. This ensures that trades involving Cosmos (ATOM) are executed without delay, which is crucial in volatile markets.
    8. Referral Program: Bybit has a referral program that allows users to earn rewards by inviting others to join the platform. This is a great way to earn additional income while growing the community of Cosmos (ATOM) traders.
    9. Customer Support: Bybit provides 24/7 customer support to assist users with any issues or questions. The platform offers support through live chat, email, and other communication channels, ensuring that help is always readily available.

    How to Buy Cosmos (ATOM) on Bybit:

      1. Create an Account: Start by visiting the Bybit website and clicking “Sign Up.” You’ll need to provide your email address and create a secure password. After registering, you’ll receive a verification email to activate your account.
      2. Verify Your Identity: To comply with regulatory standards, Bybit may ask you to complete a KYC (Know Your Customer) verification process. This will likely involve uploading a government-issued ID and personal information to verify your identity.
      3. Deposit Funds: Once your account is set up, fund your account. Bybit supports deposits in several cryptocurrencies, including Cosmos (ATOM), Bitcoin, Ethereum, and USDT (Tether). You can deposit these digital assets directly into your Bybit wallet. 4. Buy Cosmos (ATOM): To buy Cosmos (ATOM) on Bybit:
          • Navigate to the “Spot” trading section on the platform.
          • Select Cosmos (ATOM) as the cryptocurrency you wish to purchase.
          • Choose your trading pair (e.g., ATOM/USDT).
          • Enter the amount you want to buy and review the transaction details.
          • Confirm the purchase to complete the transaction.

        5. Store Your Cosmos (ATOM): After purchasing Cosmos (ATOM), you can store it in your Bybit wallet. However, for added security, it’s highly recommended to transfer your Cosmos (ATOM) to a personal wallet, such as a hardware wallet (e.g., Ledger or Trezor), for secure long-term storage.

    Benefits of Using Bybit:

    • Advanced Trading Options: Bybit is perfect for traders looking for advanced features like margin trading and leverage, along with access to a wide range of crypto assets, including Cosmos (ATOM).
    • Fast Execution and High Liquidity: Bybit offers fast order execution and deep liquidity, which is crucial for active traders in fast-moving markets like Cosmos (ATOM).
    • Security: Bybit prioritizes user security with features such as two-factor authentication (2FA), cold storage, and an insurance fund to ensure the safety of your Cosmos (ATOM) holdings.
    • Mobile Trading: With Bybit’s mobile apps, users can trade and monitor their portfolios from anywhere, ensuring they never miss a market move.
    • Competitive Fees: Bybit offers competitive trading fees, making it a cost-effective option for traders looking to minimize transaction costs.
    • 24/7 Support: Bybit provides 24/7 customer support to resolve any issues or concerns quickly, helping traders stay focused on their investments.

    Best Cosmos wallet: Electrum

    When using a desktop wallet, we’ve had great experiences with the Cosmos Electrum Wallet. Here, we will show you how to download and set it up. First, go to the official site and download the wallet (click!). Clicking this link will take you to the website where you can download the wallet. Scroll down a bit and click the “Download Electrum” button.

    cosmos electrum wallet tutorial
    You will then land on a page where you need to choose the correct wallet for your operating system. If you’re using Windows, download the wallet version for Windows. For Windows users, click on “Windows Installer” (as shown with the red arrow). If you’re looking for an app for Android, choose the corresponding installer:

    cosmos electrum wallet
    Once the file is downloaded, click on the setup file. Choose a directory where you want the wallet to be installed, and click “Install”. The installation should only take a couple of minutes. Once installed, click “Close”.

    Congratulations! The wallet is installed. Now start the Cosmos Electrum Wallet by double-clicking the Electrum icon on your desktop. First, the software will ask you how you’d like to connect to a server. As a beginner, we recommend choosing the “Auto connect” option here.

    Install Cosmos Wallet Electrum
    Electrum will detect that you have not yet created a wallet. Click “Continue” and name your wallet if needed. You can then set up different wallet types. If this setup process feels complex, we recommend selecting the “Standard wallet” for simplicity. This standard wallet version is free and works very well.

    electrum wallet for cosmos guide
    Alternatively, for enhanced security, you can choose to create a “Wallet with two-factor authentication“. This requires a smartphone and the Google Authenticator app, available on both the App Store and Google Play Store. Setting up a wallet with 2FA has a cost, but it greatly enhances the security of your wallet. We highly recommend it.

    Once you click “Next”, a new seed will need to be generated. The seed will vary based on your address format. We recommend selecting “Segwit“, as this is the most common address format compared to older versions. You’ll now see your seed—a string of 12 words, which acts as your key to the wallet if you lose your password or your device breaks down. It’s crucial that you write down this seed and store it somewhere safe, preferably on paper.

    The next step will prompt you to re-enter the seed to verify it. Once successfully done, Electrum will ask you to create a password. The longer and more complex, the better—consider using a combination of numbers and special characters. You’ll need this password every time you open the wallet, so make sure you keep it secure.

    Now, you’re ready to use the Cosmos Electrum Wallet. The “Receiving Address” for Cosmos (ATOM) can be found in the upper right corner under the column “Receive“. Copy this address and enter it into the relevant field at Litebit, or another exchange, as the “Receiving Address”. After entering the receiving address of the Cosmos Electrum Wallet, choose your payment method for Litebit, then click “Buy”. Typically, the transaction should be credited to your wallet within 24 hours.

    If you have any questions, feel free to leave us a comment—we’ll be happy to assist you!

    This article is provided for informational purposes only and is not intended as investment advice. The content does not constitute a recommendation to buy, sell, or hold any securities or financial instruments. Readers should conduct their own research and consult with financial advisors before making investment decisions. The information presented may not be current and could become outdated.

    Jake Simmons was the former founder and managing partner at CNF. He has been a crypto enthusiast since 2016, and since hearing about Bitcoin and blockchain technology, he has been involved with the subject every day. Prior to Crypto News Flash, Jake studied computer science and worked for 2 years for a startup in the blockchain sector. Business Email: info@crypto-news-flash.com Phone: +49 160 92211628