How You Can Buy Cosmos in the UK
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Why should you buy Cosmos? Investments in cryptocurrencies can develop enormous potential and entice with extremely high returns. Despite the much higher risk than in the stock market, for example, a real trend has formed around cryptocurrencies.
Cosmos is in 27th place among the most valuable cryptocurrencies, currently with a current price of €5.30. Since 2016, the cross-chain project has been developed by the Tendermint team.
An internet based on a blockchain and which has transfers of the project's own ATOM token as its basis is the main goal of the project.
Whether an ATOM investment is worthwhile, how to invest in the Cosmos cryptocurrency and useful tips are described below.
Buying Cosmos: What to look for
Where can you buy Cosmos? Let's start directly with the most important point and clarify where the investment in Cosmos can be made. There are not yet many easily accessible ways to get ATOM. Our recommendation to buy Cosmos is the multi-award winning provider Libertex.
Is Cosmos a safe investment? For many, the Cosmos token ATOM is extremely attractive. The reason for this is the enormous profit margins that cryptocurrencies promise. But beware: an investment in this sector is also associated with an extremely high risk. A complete loss cannot be ruled out. In order to secure the market, the EU Commission is planning to present a proposal for the regulation of cryptocurrencies.
What do I need to know before trading Cosmos? Certainly, especially in the crypto sector, it is important to deal intensively with the respective coin. Another prerequisite is to develop an awareness of your personal investment strategy. Decide whether and how Cosmos can be combined with your own investment ideas.
How much money should I invest in ATOM? Investors should generally only invest a small part of their portfolio in cryptocurrencies. The exact amount of capital invested depends on personal funds and investment strategies.
Cosmos brokers and exchanges in comparison
| Large selection of coins |
| Broker fully regulated |
| Many cryptos to choose from |
 | Huge selection of coins |
 | High liquidity Very fast support |
Buy Cosmos for beginners in 3 steps
First step: Registering with a broker or crypto exchange
If you now also want to trade, you need a live account. Personal data will be requested for this purpose. Afterwards you have to verify your account. The provider will also ask a few questions about previous trading experiences, which should be answered carefully and honestly.
At this point, a small note for sceptics. If investing in cryptocurrencies is still too risky for you, Libertex offers you the opportunity to open a demo account. Here you can get to know investing without putting your savings at risk.
Of course, no real profits can be made here either. But the tool is very useful, especially to check investment strategies.
Second step: Buy Cosmos with credit card, instant bank transfer and more
First log in. Open the deposit menu by clicking on your name in the top right corner. Next, click on "Make a deposit". The deposit options are versatile.
Well-known providers such as Giropay or SEPA, electronic payment service providers such as Skrill or Neteller, but also more old-fashioned variants such as bank transfer and credit card transfer are offered. Currently, the minimum deposit amount is €100.
Of course, mobile transfers can also be made. To do this, use the Libertex Trading App, log in and then click on "Wallet Registration Card" Now the button "Deposit" appears.
Payment option | possible? |
|---|---|
Buy Cosmos with credit card | ok |
Buy Cosmos with PayPal | ok |
Buy Cosmos with SOFORT Bank Transfer | ok |
Buy Cosmos with Skrill | ok |
Buy Cosmos with Bank Transfer | ok |
Buy Cosmos with Neteller | ok |
Buy Cosmos with UnionPay | ok |
Third step: Buy Cosmos
Buying Cosmos is quick and easy at Libertex. The search box is the first place to start. Here we enter "Cosmos". The Cosmos coins are called ATOM. First, we get an overview of the price trend and value development.
There will also be a short info about the cryptocurrency. If you are absolutely sure about the investments, click on the "buy" button. Here you will be asked for the amount of the investment, which still has to be confirmed.
At this point, we would like to point out the particular risk of investing in cryptocurrencies. Under no circumstances should you invest too much of your total assets. However, with the right strategy and a broker like Libertex, you can buy Cosmos with confidence.
Cosmos Atom - what's behind it?
Cosmos (ATOM) is a cryptocurrency on which a scalable blockchain ecosystem is built, where individual blockchains interact with each other. The goal of the team behind Cosmos is to create an "internet of blockchains, a network of blockchains that can communicate with each other in a decentralised manner".
Broker or exchange: Where is the best place to buy Cosmos?
The cryptocurrency sector is a rapidly growing area. More and more financial service providers want to profit from the hype surrounding the mysterious tokens.
For your investment, you have the choice between a broker and an exchange. If you actually want to become the owner of ATOM Coins, you will have to go to a crypto exchange. For this, however, you need a so-called wallet.
Some of these have extremely high security standards, which can also be somewhat complicated for those entering this sector. Especially beginners in crypto trading might find it a little more difficult.
If you want to profit from cryptocurrencies without a complicated wallet system, you will feel at home with our recommendation Libertex.
Pros and cons for Cosmos Investments
Cosmos has two major advantages. The developers' focus is on linking blockchains into a multichain, and doing so as simply as possible. Interoperability and scalability are very important and wisely chosen factors for this project.
Pros
Cons
The idea behind these two terms is to simplify the entire cryptocurrency sector. Many cryptocurrencies share the problem of scalability. Cosmos offers solutions and simplifies by optimising the blockchain.
In addition, the high level of investor trust and the communication between different blockchains speak in favour of a Cosmos purchase.
We see the cryptocurrency sector itself as the main disadvantage. It is impossible to predict how this market will develop. The planned regulations from the EU Commission could also have a strong impact on the market.
It is impossible to predict how a specific token will develop in such an indeterminate period of time. Our advice is to let modesty prevail over exuberance when investing in Cosmos.
What are the fees for buying Cosmos?
Depending on the provider, the fees for buying cosmos differ. Our recommendation is Libertex, which offers free account opening and commission-free account management. The transaction fee of 0.001% of the transaction value is the only cost to be expected.
We find that the cost structure at Libertex is extremely fair and positive. This can also be seen in the following example.
Let's take the following example when buying Cosmos:
We buy Cosmos worth 1,000 €.
We hold our Cosmos for 30 days and then sell it again
For simplicity's sake, we assume that the price does not change during the 30 days.
With these assumptions, we now go through the fees of the largest providers.
Provider | Capital.com | Plus500 | Libertex |
|---|---|---|---|
Deposit | free of charge | free of charge | free of charge |
Purchase fees | 0,1% | 3,08% | 2,20 € |
Holding fees | free of charge | 0,05% | variable |
Selling fees | 0,1% | 3,08% | 0.1,% |
Payment | free of charge | 0,05% | free of charge |
Total fees | 10 € | 92,32€ | 10 € |
Cosmos Course Important
Buy Cosmos with or without a wallet?
If you invest in Cosmos at Libertex, you do not have to rely on a so-called wallet. Libertex invests in cryptocurrencies as a CFD broker. In this area, the broker fees were recently reduced by 50% due to the enormous popularity.
One should be aware that when investing through a broker, the actual coins do not become personal property. Here, one buys an option and not the actual value.
If you don't think much of CFDs and actually want to buy the tokens, you need a wallet. There are many different variants and options here. However, you should be attentive and choose the wallet that fits your personal investment strategy.
Once you have the perfect wallet, you can buy cosmos on various crypto exchanges, such as the largest and most popular provider Binance.
Buying ATOM - the conclusion
Admittedly, Cosmos' goal of raising blockchain to a new level and thus networking the internet even better via multichain is quite ambitious. However, it seems that the project is turning the right screws with its focus on interoperability and scalability.
If the multichain network can actually be implemented, this very ambitious idea should quickly gain acceptance and establish a new standard. This should then also be reflected in the value of ATOM.
Anyone who now wants to buy Cosmos should bear in mind that the crypto provider is not alone with its idea. A few other projects have similar goals, such as Polkadot. Which multichain network will ultimately come out on top is still up in the air.
FAQ
To make an investment, there are currently two variants. Either you opt for an actual purchase via an exchange. Or you use a broker, such as our recommendation Libertex, to profit from Cosmos.
The main difference between a broker and an exchange is the investment itself. With exchanges, it is possible to actually bring the coins into your own possession, provided you have a wallet. Those who find this too complicated will stick to a so-called CFD broker. The investment is made possible via options and investors are therefore not dependent on the actual possession of tokens.
The performance of cryptocurrencies in general is extremely difficult to assess. Currently, there is a real hype around this financial sector. Cosmos is supported by many important investors and seems to be delivering promising work. Profits seem quite possible.
Not all wallets support multiple currencies. So it depends individually on your digital wallet whether both Bitcoin and Cosmos are supported.
As a rule, you should find the project via the search field. In most cases, you can enter either Cosmos or directly the name of the token ATOM.
Cosmos is a promising project that could take the internet to a new level. If the purchase of CFDs fits your personal investment strategy, an investment in Cosmos via Libertex is definitely recommended.
