The Cosmos network is a decentralised ecosystem of independent blockchains able to exchange data and assets between one another. Cosmos aims to offer a solution to slow, unscalable and environmentally damaging proof-of-work (PoW) blockchains used by Bitcoin and Litecoin by providing an ecosystem of connected blockchain networks. This interoperability between blockchains is made possible by two major components of the Cosmos network, IBC (inter blockchain communication) protocols, and IoB (internet of blockchains).
The ATOM native token is the currency used for staking on the network, and tokenising the transactions between several blockchains.
Sign up to Swyftx to buy Cosmos in Australia.
A number of cryptocurrency exchanges in Australia in Australia allow you to purchase Cosmos. Swyftx is one of the best cryptocurrency exchanges in Australia with a trading platform that is easy to use and makes buying ATOM simple and quick. Start by creating your free trading account by clicking the signup button at the top of this page. We require a few personal details like your name, email address and phone number.
To activate your account, you’ll need to verify your phone number email address, and identity. You won’t have to scan or send any documents, however. Verification takes most customers under 3 minutes to complete.
Once verified, the next step is to deposit funds via one of the following payment methods: bank transfer, POLi, PayID and credit or debit card. When your deposit has arrived in your account you can use this to Buy Cosmos instantly.
Swyftx is unable to provide investment advice and therefore cannot say whether Cosmos is a good investment or not.
The Cosmos ecosystem is huge, with over 250 decentralized applications running on its network. In addition to this, well-known blockchain-based projects including Terra (LUNA) and Binance Coin (BNB) were built using Cosmos. This indicates that Cosmos is a reliable and efficient blockchain network that is being utilised by huge projects in the crypto space.
Cosmos has a lot of long term potential and is positioned well for future performance. However, the crypto industry is highly volatile and there is no such thing as a guarantee. Just like any of your crypto investments, it’s important to conduct thorough research on Cosmos before investing into it. Thorough research includes looking at things like use cases, competitors, tokenomics and its roadmap.
Swyftx has had zero security breaches since launching in 2018. This is because we treat cyber security very seriously and dedicate a lot of resources to protecting our user’s accounts. in addition to our robust security framework, our trading app also has a number of advanced security features like two-factor authentication (2FA), biometric authentication and breach password protection. These features allow our customers to0 buy and sell Cosmos without having to worry about scammers or bad actors online.
Following your Cosmos purchase, your crypto assets will automatically be stored in your own Swyftx personal wallet. A crypto wallet is a software system design to send, receive and store digital assets. This will automatically be integrated into your account when you sign up. If you would like to store your Cosmos in an external wallet like a hardware wallet or a desktop wallet, you can do so by inputting your public wallet address via the withdraw tab in your app.
Swyftx supports AUD deposits made with credit or debit card. To do this, navigate to the deposit tab for AUD and select the credit card deposit option. You’ll be redirected to our credit card payment provider, BANXA, to complete a quick KYC process. After you’ve been verified, you can select the amount you wish to deposit and then hit ‘Make Payment.’ Once your deposit has arrived in your account you can purchase ATOM instantly.
Swyftx has ~4x lower spreads and ~2x cheaper trading fees than our closest competitors when buying Cosmos in Australia.
Verify your account online instantly without uploading documents and deposit AUD buy ATOM in less than 2 minutes.
Breached password detection, biometric logins and Two Factor Authentication (2FA) help protect your account from scammers.
Learn to trade and gain experience with Swyftx risk free by enabling the demo mode. We even simulate real life liquidity and market depth.Create a free account
Deposit and Withdraw AUD via PayID, OSKO, Bank Transfer & POLi
Automate your crypto investments. Setup recurring deposits to your Swyftx account and have then automatically split across your own range of cryptos.
Never miss a trade or get caught out by the crypto market volatility. Set Buys and Sells to trigger at any price you want.
Easily secure your account with multi-factor authentication and biometric login. Swyftx also monitors other sites for data breaches that might result in compromises on your account.