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How to buy Cosmos?
Follow the steps below to easily and securely buy Cosmos.
- Sign up
Create an account with a reputable crypto platform like Finst.
- Deposit EUR
Deposit Euros using payment methods like iDEAL, Bancontact, or SEPA.
- Start investing
Buy Cosmos and securely store it on our platform.
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Can I automatically invest in Cosmos on a recurring basis (DCA)?
Yes, with Auto Invest, you can set up daily, weekly, bi-weekly, or monthly purchases of your favorite crypto using the Dollar Cost Averaging (DCA) strategy. Create your own investment plan and DCA Cosmos without any action required or additional fees.
Do you prefer to store your crypto on your external wallet? At Finst, we have various cryptocurrencies enabled for automatic withdrawals, which are sent straight to your wallet after each recurring purchase.
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What fees do I need to pay when buying Cosmos?
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.
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Which order types can I use to buy Cosmos?
At Finst, we support several order types to buy Cosmos: Market Order, Limit Order, and Auto Invest (DCA).
- With a Market Order, you buy Cosmos instantly at the best available market price.
- Do you want to buy Cosmos at a lower price? With a Limit Order, you set the maximum price you're willing to pay for Cosmos. Your order will be executed once your limit price is reached on the market.
- Do you want to invest in Cosmos without constantly checking the market? With Auto Invest, you can schedule automatic and recurring purchases. Whether you want to buy daily, weekly, bi-weekly, or monthly - you choose the frequency.
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Can I use limit order to buy Cosmos?
Yes, on our platform, you can easily buy Cosmos with a Limit Order. This allows you to set the maximum price you're willing to pay. Your order will be executed once the price of Cosmos reaches your limit price or lower.
A Limit Order is ideal if you want to wait for a better price without constantly monitoring the market.
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Is it safe to buy Cosmos?
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.
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Is it legal to buy Cosmos?
Yes, buying Cosmos is legal in Europe. However, we advise you to do your own research before making a purchase.
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Can I buy Cosmos anonymously?
No, due to laws and regulations, it is not possible to buy Cosmos or other cryptocurrencies anonymously on a regulated crypto platform in Europe.
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Can I buy Cosmos with iDEAL?
Yes, at Finst, you can easily buy Cosmos with iDEAL. We also support popular payment methods like SEPA and Bancontact.
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Do you have to buy one Cosmos?
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.
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What are the risks of investing in Cosmos?
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.
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How to store Cosmos?
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.
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Can I send my Cosmos to an external wallet?
Yes, you can send your Cosmos to an external wallet. With Finst, you can easily send your Cosmos to a hardware or a software wallet.
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Can I stake my Cosmos?
Yes, at Finst, you can stake ATOM and earn passive income on your coins while contributing to the security of the network.
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Can I store Cosmos on a hardware wallet?
Yes, you can store Cosmos (ATOM) on hardware wallets such as Ledger or Trezor.
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How does the staking and consensus mechanism work?
Cosmos uses Delegated Proof of Stake (DPoS). This means that validators are responsible for processing transactions, while ATOM holders can “stake” their tokens to help secure the network. These people receive a reward in the form of extra ATOM coins. Validators are chosen based on reliability and reputation. Large exchanges and companies are often validators because they cannot afford a “slash” (penalty for bad behavior). This means that these companies will do everything they can to be a reliable validator.
