How to Buy Cosmos (ATOM) in Australia

Where to buy ATOM in Australia?

As ATOM is in the top 20 largest cryptocurrencies globally, it is supported on most global and Australian cryptocurrency exchanges. You can currently invest in ATOM through CoinSpot, eToro, SwyftX, Digital Surge, Bybit, Binance, Kraken and more. We recommend using a secure Aussie exchange that is properly licensed to operate in Australia by AUSTRAC.

The most secure and reliable cryptocurrency exchange in Australia is CoinSpot. CoinSpot is the only platform to be awarded the ISO270001 Standard Security Certificate for impeccable security standards and measures. It has never once been hacked or subject to any form of cyber attack since its inception in 2013. To learn more about the exchange, visit our CoinSpot Review.

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How to buy Cosmos (ATOM)

The best and easiest way to invest in the cryptocurrency ATOM is by using Australia's most secure crypto exchange, CoinSpot. Aussies can deposit AUD to the platform via PayID, POLi, BPAY, Osko, Bank Transfer, Credit/Debit Card or Cash to buy Cosmos (ATOM). Follow the below steps to get started.

Open Free Account: Sign up to CoinSpot with your email address and verify your identity.
Deposit AUD: Click 'Deposit Funds', select a method and send money to your CoinSpot account.
Find Cosmos: Go to the 'Buy/Sell' tab, search for 'Cosmos' and click the 'Buy ATOM' button.
Buy ATOM: Input the amount of AUD you want to invest in ATOM and tap the 'Buy' button.

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Should I purchase the ATOM token?

Pros of investing in Cosmos ATOM include its strong development team, promising technology, and growing user base. The platform uses Tendermint consensus algorithms to achieve high transaction speeds, ensuring that users can easily send and receive digital assets on the network.

However, there are also some potential drawbacks to investing in ATOM. For one, the cryptocurrency market is notoriously volatile, and the value of ATOM could change significantly over time. Additionally, security on the network may be a concern for some investors, as there is always the potential for hacks or other types of attacks.

Ultimately, whether or not to invest in ATOM depends on your personal preferences and risk tolerance. However, it is important to carefully research all aspects of any cryptocurrency before making an investment decision. With careful consideration and due diligence, you can make an informed choice about whether Cosmos is right for you.

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Is it expensive to invest in cryptocurrencies?

It can both be extremely expensive or incredibly affordable to invest in cryptocurrencies, depending on what platform you use to purchase them. One of the many reasons over 2.5 million Australian investors use CoinSpot as their preferred exchange, is because of the platforms competitively low fees. Refer to the below photo for a detailed overview of CoinSpots Fees.

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About ATOM

Cosmos, also known as ATOM, is a cryptocurrency that was created by the team behind Tendermint, an open-source project for building blockchain applications. Designed to be a global network of interconnected blockchains, Cosmos uses its token, ATOM, to facilitate communication between different blockchains and enable cross-chain transactions.

Launched in March 2017, Cosmos has experienced steady growth since its inception. Its market capitalisation currently stands at over $2.8 billion USD, making it one of the most popular and highly regarded cryptocurrencies in the market today. It is currently ranked the #22 most popular cryptocurrency on CoinMarketCap.

While there are many different use cases for ATOM tokens, one of the primary functions is enabling transactions across different blockchains. By establishing trust zones between various blockchains with different consensus rules, Cosmos makes it easier for developers to build and deploy dApps (decentralised applications) without having to worry about the technical details of cross-chain communication.