Buying Cosmos (ATOM) on Binance is a simple process that can be completed in a few easy steps. In this blog post, we will go over the steps you need to take to purchase ATOM on Binance in 3 simple steps.

How To Buy Cosmos (ATOM) On Binance

​

Step 1: Create an account on Binance: Log into your Binance account. Don’t have a Binance account? Click here to open an account.

• How To Open a Binance Account

To buy ATOM on Binance, you first need to create a Binance account. Use the link above to open a Binance account or watch the video above on how to open a Binance account.

Step 2: Deposit Funds into your Binance Account: Now that your account is set up, you need to deposit funds into your account to start trading. Binance offers a variety of deposit options, including bank transfer and credit/debit card depending on your location.

• How To Deposit Money From Bank To Binance

To buy ATOM on Binance, you’ll need to send some USDT or BUSD into your Binance wallet. The simplest way to fund your account with USDT or BUSD is to buy USDT or BUSD from a local exchange and then transfer it into your Binance wallet.

For example, if you are in Canada, you can buy USDT with Canadian dollar from NDAX crypto exchange (a Canadian crypto exchange) then transfer the USDT to Binance.

Once you’ve deposited USDT or BUSD into your Binance wallet, you’re ready to pick up some ATOM coins. Note that you can also buy ATOM with Bitcoin (BTC) or Ethereum (ETH). USDT or BUSD is preferred because these are stable coins and pegged to $1 USD. So little to no volatility is expected with stable coins.

Next, to view the coins and tokens in your Binance wallet. Go:

• Under Wallet:
• Go to Fiat & Spot (Deposit & Withdrawal)

This shows you the coins and tokens you currently have in your wallet.

Step 3: Buy Cosmos (ATOM): Once you’ve deposited funds into your Binance account, you’re ready to buy ATOM. I’m going to assume you already have some USDT or BUSD in your Binance wallet. Next:

• Go to “Markets”
• Select “Spot Markets”
• In the search bar, type “ATOM”
• Several pairs are displayed. e.g.
  • • ATOM/BUSD
    • ATOM/USDT
    • ATOM/BTC
    • ATOM/ETH

All the available trading pairs are displayed. For this tutorial, we’ll go with the ATOM/BUSD pair.

• Click on the ATOM/BUSD trading pair and it takes you to the Binance trading platform.
• Under “Spot” tab
• Select “Market” to buy at the current market rate. Move the toggle bar to select the amount of ATOM you want to buy with BUSD
  • • If you want to buy at a set price instead, select the “Limit” tab and enter the amount of ATOM you want to purchase and the price you’re willing to pay.
• To place your order, click on “Buy ATOM”

• Once your order is filled, the ATOM will be credited to your Binance account balance.

Congratulations! You just bought some ATOM coins.

Next, you need to transfer your ATOM coins to a cold hardware wallet like a Ledger wallet. It’s important to never leave your crypto on any exchnage to prevent the loss of your coins due to hacks, thefts, cyber crimes, bank runs and malicious threats.

Don’t have a Ledger wallet such as Ledger Stax, Ledger Nano X or Ledger S Plus?

• 🔐 SHOP Ledger Wallet, click here.
• ⚙️ How To Set Up Your Ledger Wallet
• 📚 How To Transfer Cosmos (ATOM) from Binance To LEDGER

– – – – – – – – – –

  Did My Tutorial Help You? Drop a Comment Below!

Hey there! I’m Blooming Umoren, your money coach, and I’m thrilled to see you here. If you found my tutorial helpful, don’t forget to drop a comment below. Your feedback means the world to me and I promise to read every single one.

For those who are new to my website, welcome! I’m passionate about coaching and creating educational content on crypto and stock investing. Be sure to check out my YouTube channel and Facebook page for more valuable insights on investing. Let’s stay connected and learn together. Talk to you soon!

– – – – – – – – – –