Buy Cosmos (ATOM)

Cosmos is a cryptocurrency and blockchain platform that aims to create an interconnected network of independent blockchains called a "Blockchain of Blockchains." Developed by the Interchain Foundation, Cosmos seeks to address the scalability, interoperability, and governance issues faced by existing blockchain networks. At its core, Cosmos utilizes a unique consensus mechanism called Tendermint, which allows for fast and secure transaction processing across its interconnected blockchains.

Cosmos functions by establishing a hub-and-spoke model, where the central hub is called the Cosmos Hub, and the interconnected blockchains are referred to as "zones." The Cosmos Hub acts as a central hub that connects different zones, enabling them to communicate and transfer assets with each other. Each zone within the Cosmos network can have its own set of rules, governance, and consensus mechanisms while still being able to interact with other zones through the Cosmos Hub. The Tendermint consensus algorithm used by Cosmos ensures fast and secure transaction processing. It employs a Byzantine Fault Tolerant (BFT) consensus mechanism, where a predefined set of validators are responsible for confirming transactions and maintaining the network's security. This consensus algorithm eliminates the need for resource-intensive proof-of-work mining, resulting in faster transaction confirmation times and improved scalability. One of the key features of Cosmos is its ability to enable interoperability between different blockchains. The Inter-Blockchain Communication (IBC) protocol allows zones within the Cosmos network to exchange data and assets securely and efficiently. This interoperability opens up possibilities for various use cases, such as cross-chain asset transfers, decentralized applications (dApps) that span multiple blockchains, and collaborations between different blockchain projects. Moreover, Cosmos employs a governance mechanism that allows token holders to participate in the decision-making process. Holders of the native cryptocurrency, ATOM, can stake their tokens and participate in the consensus process as validators or delegate their tokens to validators. This governance model ensures that the Cosmos network remains decentralized and allows token holders to have a say in the platform's future development and upgrades.

Follow the steps below to easily and securely buy Cosmos.

1. Sign up

   Create an account with a reputable crypto platform like Finst.

2. Deposit EUR

   Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.

3. Start investing

   Buy Cosmos and securely store it on our platform.

You can securely store your Cosmos in your Finst wallet. Some cryptocurrencies also support external wallets, allowing you to send your crypto to your own wallet if desired. We use state-of-the-art security measures to keep you and your crypto safe.

We work with Fireblocks, one of the most trusted crypto security infrastructure providers, to safely store your Cosmos. They make use of Multi-Party Computation (MPC) technology which is an advanced cryptographic technology used to protect your digital assets.

Additionally, Finst is the first and only Dutch crypto platform that has successfully conducted an extensive Proof of Reserves (PoR) audit. With Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, at Finst, you can easily buy Cosmos with iDEAL. We also support popular payment methods like SEPA and Bancontact.

At Finst, you can start investing in Cosmos with as little as €1. For many coins, it is not necessary to buy a whole coin.

Yes, it is safe to buy Cosmos through Finst. We are registered as a Crypto Service Provider (no. R189158) with the Dutch Central Bank (DNB), and we are the first and only Dutch crypto platform that successfully obtained a Proof of Reserves (PoR) from an independent and reputable audit firm (Audit Now). At Finst, your assets are segregated and held on a 1:1 basis, plus reserves.

Yes, buying Cosmos is legal in Europe. However, we advise you to do your own research before making a purchase.

Investing in cryptocurrencies like Cosmos involves risks of losses. You can lose (part of) your deposit. Before you decide to buy Cosmos, it is important to understand the risks.

Volatility: The price of Cosmos can fluctuate significantly. This means that its value can rise and fall quickly.

No guaranteed profit: Previous price increases do not guarantee future returns. Therefore, only invest money that you can afford to lose.

External factors: The price of Cosmos is influenced by external factors, such as economic conditions and the actions of influential individuals, governments, and institutions. These factors can have a positive or negative impact on the price.

When you buy Cosmos through Finst, you benefit from the most competitive trading fees of 0,15% per transaction.

Any fees you may encounter when trading crypto are clearly shown for every transaction on our platform.

It's important to note that network fees are outside of our control, as they are determined by the blockchain networks themselves.

This means that while network fees may vary depending on the blockchain and current demand, our trading fee remains consistent, helping you better manage your transaction costs.

No, due to laws and regulations, it is not possible to buy Cosmos or other cryptocurrencies anonymously on a regulated crypto platform in Europe.