Buy Cosmos (ATOM) in UK

Cosmos (ATOM) price in GBP:

Current Price: £6.64   24hr: -1.31%

Cosmos is a blockchain solution provider, solving various problems in different blockchains. Its most popular solution is a second-layer protocol for scaling proof-of-work blockchains such as Bitcoin to speed up and reduce transaction costs.

Some of its other solutions include blockchain interoperability, and Cosmos makes use of a modular framework to make it easier for developers.

Cosmos calls itself “Blockchain 3.0” by offering various solutions to problems that have plagued the blockchain industry for years. This entire ecosystem is powered by its native token, ATOM.

Buying Cosmos (ATOM) Crypto on Binance

Exchanges like Binance have the ability to directly purchase cryptocurrencies with GBP without having to spend for conversion to other currencies such as EUR or USD.

Recommended: Buy ATOM with GBP (Binance)

If you are new to the crypto space, Binance is undoubtedly one of the well-known cryptocurrency trading platforms. The massive trade volume and the options for other currencies make it the best.

Here’s how you can buy ATOM with Binance: 

  1. Sign up for an account on Binance
  2. Next, proceed with the verification process
  3. Once you are verified, you can buy ATOM on Binance via Credit/Debit card, Bank Deposit, P2P trading and third-party payment
  4. You will receive the ATOM to your account once you have successfully paid

Exchange Bitcoin for ATOM

The second option is for exchanging your Bitcoin for ATOM. If you already have Bitcoin, head on to Step 2.

Step 1: Buy Bitcoin

You may wish to trade Bitcoin for Algorand on another exchange. This is also a great option if you’re looking to buy other cryptocurrencies, as having Bitcoin makes trading on exchanges easy. In this guide, we will use Binance exchange. Note that you can achieve the same result in an easier manner by depositing GBP to Binance, in accordance with Option 2.

This guide assumes you already have Bitcoin. If you don’t, you can buy Bitcoin at any of the following options:

  • Binance(recommended; buy with £GBP or €EUR)
  • (recommended; buy with £GBP)
    • Sign up for an account and buy BTC straight away with your debit or credit card, or bank transfer.
  • Local Bitcoins (buy with £GBP)
    • Buy BTC from other Brits using bank transfer.
  • Coinbase (buy with EUR)

or, click here for a detailed guide on buying BTC in the UK

Waiting for a bank transfer or verification? Get a head-start by signing up for your Binance account while you wait…

Step 2: BTC -> FTT

1.Register for a Binance account here
2. Deposit Bitcoin to your account (your Binance Bitcoin wallet) by heading to Funds -> Deposits in the top menu.
3. Select BTC from the drop-down menu, and copy your BTC Deposit Address
4. Send your Bitcoin to this address.
5. Use the panel to the right side of the screen (which shows many currency pairs alphabetically, starting AMB/BTC, ARK/BTC, etc.)
6. Type ATOM in the search bar
7. Click the ATOM/BTC link to reach the market page

8. Using the Buy ATOM panel, set your Buy parameters, and click the green buy ATOM button
9. This places an order, which can be monitored via the Orders tab in the top navigation bar, or directly below the Buy box in the Open Orders pane
10. When your order is filled, the exchange is complete, and your ATOM will appear in your Algorand wallet under the Funds -> Balances page.