Search Inside Bitcoins

Where to Buy Cosmos (ATOM)

Full step-by-step beginner's guide on how to buy Cosmos (ATOM) coin at a regulated cryptocurrency exchange.
Buy Cosmos
Buy Cosmos

Cosmos is a decentralized blockchain interoperability system allowing multiple parallel blockchains to network and share data. Developers Jae Kwon and Ethan Buchman launched Tendermint in 2014, which led to the algorithm behind Cosmos, and its white paper in 2019. Tokens on the Cosmos network are known as ATOM.

Cosmos is backed by the Interchain Foundation (ICF), a Swiss non-profit that finances open-source blockchain projects and raised over $25 million at ICO (its initial coin offering) and in initial funding rounds. Its aim is to solve issues facing cryptocurrencies such as scalability and usability.

On this Page:

Contents [show]

    How to Buy Cosmos at eToro

    1. Choose a Cosmos (ATOM) exchange – we recommend eToro as it’s FCA, ASIC and CySEC regulated
    2. Create an account
    3. Deposit funds into your account
    4. Search ‘Cosmos (ATOM) in the drop-down menu
    5. Click ‘Open Trade’ and select an amount of Cosmos (ATOM) to buy

    Best Places to Buy Cosmos in 2021

    $
    =
    BitcoinBitcoin
    Sort By

    1 Providers that match your filters

    Payment methods

    Features

    Usability

    Support

    Fees

    1 or better

    Safety

    1 or better

    Coin selection

    1 or better

    Rating

    1 or better

    Rating

    for $ 1000 you get
    0.0198BTC
    What we like
    • Easiest to deposit
    • Most regulated
    • Copytrade winning investors
    Fees
    Safety
    Coin selection
    Features
    Instant VerificationFor BeginnersWallet ServiceMobile App
    Payment methods
    Credit CardGiropayNetellerPaypalSepa TransferSkrillSofort
    for $1000 you get
    0.0198 BTC

    68% of retail CFD accounts lose money.

    Compare Cryptocurrency Exchanges

    eToro
    Visit Site

    68% of retail CFD accounts lose money.

    Libertex
    Visit Site

    74% of retail investor accounts lose money when trading CFDs with this provider.

    Capital.com
    Visit Site

    75% of retail CFD accounts lose money. Capital.com does not offer accounts to US residents.

    AvaTrade
    Visit Site

    71% of retail CFD accounts lose money.

    Plus500
    Visit Site

    72% of retail CFD accounts lose money.

    Bybit
    Visit Site

    The price and value of any investment in digital asset products can fluctuate.

    Binance
    Visit Site

    As with any asset, the values of digital currencies may fluctuate significantly.

    KuCoin
    Visit Site

    The traded price of digital tokens can fluctuate greatly within a short period of time.

    Coinbase
    Visit Site

    The value of digital currencies can go up or down frequently.

    Bitfinex
    Visit Site

    Market prices for digital tokens can be volatile and highly unpredictable.

    CryptoRocket
    Visit Site

    Trading leveraged products may not be suitable for all investors.

    Rating
    5.0
    4.9
    4.8
    4.7
    4.6
    4.5
    4.4
    4.3
    4.2
    4.1
    4.0
    Mobile App Rating
    10/10
    9/10
    8/10
    9/10
    8/10
    9/10
    9/10
    8/10
    9/10
    8/10
    9/10
    Mobile App
    Wallet
    Number of Coins
    12859111556223433501040
    Trading Fees
    SpreadsSpreadsSpreadsSpreadsSpreads0.1%0.1%0.1%0.50%0.1%Spreads
    Deposit Fees
    N/AN/AN/AN/AN/AN/AN/AN/AN/AN/AN/A
    Withdrawal Fees
    $5N/AN/AN/AN/A0.0005 BTCN/AN/AN/AN/AN/A
    Regulated
    ASIC, CySEC, FCACySECASIC, CySEC, FCACBI, MiFIDFCAN/AFCAN/AFCAN/AN/A
    Min. Deposit
    $50100 EUR$20$100$100N/A$10N/A$2$10N/A
    Leveraged Trading
    N/AN/A1 - 30x1 - 30x1 - 30x1 - 100x1 - 100x1 - 100xN/A1 - 10x1-100x
    Bitcoin
    $57240.35$57463.57$57291.86$57434.95$60593.91$57277.56$60595.52$60609.62$60582.00$60425.13$58093.15
    Ethereum
    $4763.92$4707.82$4679.77$4691.45$4279.54$4678.60$4286.32$4282.79$4281.94$4268.89$4791.97
    XRP
    $1.03$1.01$1.01$1.02$1.10N/A$1.10$0.23$0.30N/A$1.03
    Tether
    $1.00N/AN/AN/A$1.00$1.00N/A$1.00$1.00N/A$1.01
    Litecoin
    $216.42$213.44N/A$213.65$235.21N/A$235.63$234.94$234.72N/A$217.69
    Bitcoin Cash
    $587.14$583.68N/A$583.39$607.38N/A$606.20$506.41$605.00N/A$584.83
    Chainlink
    $26.22$26.27N/A$26.61$29.87N/A$29.77$29.60$29.76N/AN/A
    Cardano
    $1.64$1.62$1.59N/A$1.89N/A$1.90$1.90$1.90N/A$1.61
    IOTA
    $1.46$1.42N/A$1.43$1.27$1.40$1.91N/A$1.91$1.20$1.45
    Binance Coin
    $655.10$640.07$753.57N/AN/A$639.91$583.50N/AN/AN/A$645.82
    Stellar
    $0.35$0.34$0.34$0.34$0.35N/A$0.35$0.07$0.35$0.08$0.35
    Bitcoin SV
    $151.66$150.76N/AN/A$166.36N/AN/A$182.50N/AN/A$151.66
    USD Coin
    $1.01N/AN/AN/A$1.00N/AN/A$1.00N/AN/AN/A
    EOS
    $4.17$4.09N/A$4.12$4.35$4.06$4.38$4.39$4.38$4.37$4.12
    Monero
    $240.44$241.39N/AN/A$124.02$238.24N/AN/AN/AN/AN/A
    Credit Card
    Giropay
    Neteller
    Paypal
    Sepa Transfer
    Skrill
    Sofort

    How to Sign Up at eToro – Full Step by Step Guide

    Opening an account with a broker company is the first step to learning more about buying Cosmos (ATOM). Finding a broker who has access to the blockchain is critical, as Cosmos (ATOM) is listed on the Blockchain network.

    A few of the most prominent crypto brokers in the United Kingdom have been discussed in this article. We recommend eToro as it’s the simplest and cost-effective broker to buy Cosmos (ATOM).

    Step 1: Open an Account

    To begin, go to the eToro website and click on the “Join Now” button in the middle of the screen to create a trading account. Enter the following information for yourself:

    • Full name
    • Nationality
    • DOB
    • Address
    • Contact Details
    • Username and Password

    How to Buy Cosmos (ATOM) on eToro

    How to create an account on eToro

    Visit eToro

    Your capital is at risk.

    Step 2: Upload ID

    To comply with government rules, eToro will ask for a copy of your driver’s license or passport to verify the stated identity. To double-check the provided address, you’ll need a copy of your most recent utility bill or bank statement. Once the documents are uploaded, the verification will take place of its own accord.

    Step 3: Make a Deposit

    eToro requires a minimum deposit of $50, which can be made in a variety of ways, including:

    • Debit cards
    • Credit cards
    • Bank transfers
    • Skrill
    • PayPal
    • Neteller

    eToro doesn’t charge a deposit fee. This is less expensive than some of its key competitors, such as Coinbase, which charges 3.99 percent to buy Bitcoin with a debit card.

    How to Buy Avalanch (AVAX) on eToro

    How to fund your eToro account via e.g. Paypal

    Furthermore, if you are a US resident and deposit funds using a USD-backed payment method, there is no transaction fee. The minimal deposit is $50 for US residents and $200 for most other nations.

    The excellent news is eToro allows direct Cosmos (ATOM) purchases; thus, you can simply open an account, deposit funds, and buy ATOM. Aside from a bank transfer, all deposit methods credit your funds to your account immediately.

    Step 4: Search for Cosmos

    At this point in our step-by-step guide, you should have a funded eToro account. It is now time to purchase Enjin (ENJ). Entering ‘ENJ’ into the search box at the top of the page is the simplest way to achieve this.

    • The procedure begins with entering the login and password into the account.
    • In the search box, type Cosmos or ATOM.
    • The popped-up search results will display a list, and investors must select the desired cryptocurrency by clicking on it.

    Cosmos (ATOM)

    How to Buy Cosmos (ATOM) on eToro

    Lastly, click on the ‘Open Trade’ button to complete your investment.

    Step 5: Buy Cosmos (ATOM)

    You can now purchase Cosmos (ATOM) by simply entering the amount you want to invest ($25 minimum) in the ‘Amount’ box.Cosmos (ATOM)

    Cosmos price chart on eToro

    Then, click the ‘Trade’ option and input the amount of money you would like to put into the coin. Finally, clicking ‘Open Trade’ will activate the operation, resulting in a successful investment in Cosmos (ATOM) coin.

    Best Broker to Buy Cosmos (ATOM) in the UK

    As of 2021, eToro, founded in 2007 and based in the United Kingdom, had more than 20 million members in around 100 countries. It includes millions of registered users in 43 US states and Washington, DC.

    eToro began as a graphics-intensive forex platform, and it has updated those tools for cryptocurrency trading. Today users can trade further asset classes, for instance, stocks, ETFs and commodities.

    ATOM is listed on eToro and so you can buy Cosmos and trade it directly on eToro’s platform.

    eToro exchangeInitial Deposit

    eToro users can start trading for a minimum deposit of $50, and its trading platform allows investors to copytrade selected traders with a track record of beating the markets.

    There’s also a copy portfolio service where rather than follow a trader you can replicate a certain portfolio allocation, e.g. 30% ATOM, 20% Ethereum, 50% Bitcoin. Both of these features come with no management fees.

    Various Payment Options

    Traders can pay with credit/debit cards, bank transfers, or e-wallets like PayPal, Skrill, VISA, or Neteller. Another fascinating tool provided by eToro is the ability for investors to buy and sell fractions of equities. For all beginners, this means that traders can acquire a fraction of stocks rather than a single share of a company using their eToro share trading account.

    Regulation

    eToro is regulated in the United Kingdom (UK) and around the world, with licenses from ASIC, the Financial Conduct Authority (FCA), and CySEC. Furthermore, eToro is a member of the Financial Services Compensation Scheme (FSCS) , which safeguards the first £85,000 of investors’ cash in the event of bankruptcy of the broker.

    On eToro, buying and selling can be done both online and on mobile devices via their app. The procedure of opening an eToro account is simple and takes only a few minutes. Payment can be made using a variety of methods, including debit/credit cards, e-wallets, bank transfers, and Paypal.

    Pros & Cons of the eToro platform:

    • eToro offers both copy and social trading.
    • ASIC, the FCA, and CySEC are in charge of regulation.
    • eToro accepts Skrill, VISA, Neteller, and PayPal.
    • Offers to buy CFDs in addition to stocks.
    • A well-known trading app for mobile devices.
    • There are no commissions in trading stocks.
    • User-friendly user interface in graphical form (graphical user interface) stockbroker.
    • Performing in-depth technical studies may be challenging for experienced traders.

    Visit eToro

    Your capital is at risk.

    2 – Binance

    Binance is the largest cryptocurrency exchange in the world in terms of daily trading volume. It was established in 2017 and is based in the Cayman Islands. Changpeng Zhao, a developer who previously designed high-frequency trading software, launched Binance. It was founded in China but relocated its headquarters due to the Chinese government threatening to ban Bitcoin.

    The main benefit of Binance is the number of altcoins on offer, and the low trading fee – maker and taker fees are 0.1 percent, or 0.075% when using BNB to pay for fees, which is lower than Coinbase. It gets cheaper to trade if you put in high volume as those fee percentages are reduced further.

    BinanceExpert traders can use Binance’s futures and margin trading features, to trade altcoins with leverage. Binance’s high liquidity is another reason why it is popular – it’s possible to get filled on large orders without slippage and there are less wicks than on smaller exchanges.

    Professional cryptocurrency traders have found a home on Binance, which has one of the fastest order execution speeds and institutional-grade research reports. Over-the-counter (OTC) trading between private parties was launched in 2019 for more than 20 (USD 1 million) BTC trades. Many new coins and trading pairs were created due to an incubator lab for blockchain startup ideas and a launchpad for ICOs.

    Binance has over 313,000 daily active users. The good news is you can buy Cosmos (ATOM) and trade it on Binance. The Cosmos network upgrade & hard fork was listed on 28 Jan 2021.

    Pros & Cons of the Binance platform:

    • Liquidity is excellent.
    • Security characteristics are second to none.
    • Professional traders have access to a wide range of high-quality products.
    • Credit card deposits have high fees.

    Visit Binance

    3 – Coinbase

    Coinbase was founded in San Francisco about a decade ago, one of the world’s foremost cryptocurrency exchanges went public in April and is currently valued at around $50 billion, which is around the same as Hyundai.

    CoinbaseCoinbase hit that market valuation as cryptocurrency demand increased, fueled by thousands of stimulus dollars and long hours at home quarantine. When Covid-19 struck America, Bitcoin, the most popular digital currency, was worth less than $5,000, compared to roughly $50,000 a little more than a year later.

    ATOM began trading on Coinbase Pro on Tuesday, February 14. ATOM is supported in all Coinbase-supported jurisdictions. Previously, transfers were only available during business hours, Pacific Standard Time.

    Once sufficient ATOM supply was produced on the platform, trading on the ATOM/USD and ATOM/BTC order books commenced in stages, starting with post-only mode and progressing to full trading once our parameters for a healthy market were reached. ATOM support will be available immediately in all Coinbase-supported jurisdictions.

    Pros & Cons of the Coinbase platform:

    • It provides you with passage to more than 50 cryptocurrencies.
    • To fund an account, a low minimum is required.
    • Cryptocurrency is safe if a website is hacked.
    • Fees are higher than on other bitcoin exchanges.

    Visit Coinbase

    What is Cosmos (ATOM)?

    Cosmos (ATOM) is a decentralized ecosystem of separate blockchains that All In Bits Inc (dba Tendermint Inc) expects will lay the groundwork for the next generation of internet technologies. Rather than participating in crypto faction wars, Cosmos links them all together, enabling interoperability, currency exchanges, and an Internet of Blockchains (IoB). Atom (ATOM) is the network’s proprietary staking coin that also tokenizes transactions.

    In simple words, Cosmos is a cryptocurrency blockchain project whose goal is to solve some of the issues preventing cryptocurrencies from becoming more widely accepted. These are a few of the issues:

    Scalability: As a blockchain’s transaction volume grows, the traditional proof-of-work algorithm takes longer to process each transaction. The native Tendermint BFT byzantine fault-tolerant consensus engine in Cosmos tries to overcome this problem.

    Usability: Blockchain projects are complex, and even experienced software developers find it challenging to use and deploy them. Developers can use the Cosmos SDK platform to create a more flexible framework for incorporating blockchain technology into their projects.

    Compatibility: Cryptocurrencies based on various blockchains are often unable to “communicate” or exchange data. The IBC Protocol from Cosmos is a messaging-like protocol that allows blockchains to be more compatible.

    The Cosmos token, ATOM, is used to power the network’s functionality and can be purchased and sold on several major exchanges. Cosmos was established in 2014, and because of its unique structure, it quickly soared through the ranks of cryptocurrency initiatives. With a market capitalization of around $1.56 billion, Cosmos is currently the 61st largest cryptocurrency by total market capitalization.

    Is it Worth Buying Cosmos (ATOM) in 2021?

    Cosmos’ value is projected to rise in the future, as scarcity tends to drive up prices. Please keep in mind that any investment has some risk. Invest in what you can achieve before drawing any judgments and undertake as much research as possible. Cosmos has a lot of long-term potentials and appears to be well-positioned to endure. However, it is a volatile and high-risk business, so don’t put money into it that you can’t afford to lose.

    Before you buy, please do your homework on ATOM, its competitors, and the cryptocurrency business. Since the beginning of the year, ATOM has seen tremendous growth. According to CoinMarketCap data, its price has increased by 426 percent from January 1. On September 20, it reached a new all-time high of $44.80.

    Given how dramatically the price of Cosmos has risen in recent months, it may have already reached its peak. This isn’t a significant problem if you’re interested in long-term investing and intend to keep your crypto for several years. Just keep in mind that you may not experience results right away. Consider including Cosmos as a minor part of your portfolio if you enjoy what you’ve read. There’s much danger involved with cryptocurrency investments, so only spend what you can afford to lose.

    Will the Price of Cosmos (ATOM) Go Up in 2021?

    After reaching $44, the price dropped abruptly to around $30, where it has been consolidating around the support level. Ever since, ATOM/USD has formed a wedge, which can be seen on the H4 and D1 time frames. Thus it supports a bullish bias in ATOM and signifies that ATOM’s bull run isn’t quite finished yet. It looks like the ATOM/USD coin’s price is only consolidating for another jump higher. 

    The 55 and 200 EMAs also support this; both EMA bands have broadened significantly since the Golden Cross formed in August. Traders might expect ATOM to move above $60 if the price breaks above the wedge.

    ATOM/USD

    Cosmos (ATOM) Line Chart – CoinMarketCap

    Trading Beasts forecasts a neutral-bullish market for the price of the ATOM token in the future years. According to their predictions, the price of ATOM towards the end of the year will be around $30.74, which is close to the most recent support zone. The price will be $33 by the end of 2022. Only in 2024 could we expect to see a genuine break above the previous all-time high.

    WalletInvestor believes that the price of ATOM will rise, but more substantially. According to their calculations, the price will stabilize over $50 in 2022, representing a more than 55 percent ROI for investors who purchase today. The price will continue to grow in the following years, reaching $120 by the end of 2026.

    Long Forecast continues the forecast pattern, predicting a profitable decade for ATOM investors. Their ATOM coin price prediction implies that the coin will reach a new all-time high before the end of the year. The price estimate for 2022 is likewise bullish, with the price expected to stabilize around $60 after reaching a new all-time high of $71. ATOM’s price is predicted to have increased in the next few years.

    DigitalCoinPrice Another cryptocurrency fortune-teller, DigitalCoinPrice, has predicted some very excellent fortune for ATOM’s future pricing. They believe that ATOM will be worth roughly $60 by 2022. Each year after that, new all-time highs will be set, and by 2027, ATOM’s price will be far above $100. This is perhaps the most optimistic ATOM price projection, but given the nature of the cryptocurrency industry, it is highly plausible.

    How to Choose the Right Crypto Broker

    These are the characteristics to look for while selecting the best bitcoin exchange for you. Are you ready to start investing in and trading cryptocurrencies?

    Hundreds of platforms worldwide are ready to provide you with access to thousands of digital currencies. With so many features, you may be unsure where to go for the finest cryptocurrency exchanges and apps. When looking for cryptocurrency platforms, look for the following features and benefits.

    1. Crypto selection

    The number of currencies with which you can trade varies greatly between exchanges. If you’re a beginner trader, you’re probably only interested in Bitcoin and maybe a couple of other popular currencies.

    Thus a large selection may overcomplicate the platform for you. However, if you’re more experienced and have the time to do your research, you might prefer an exchange with an extensive range of lesser-known coins that you can invest in early.

    2. Safety & Security

    Crypto may appear shady because of a lack of government oversight and its use on the black market. Most big platforms, such as eToro, Coinbase, and Binance, are aware of this and take considerable efforts to secure your personal and financial information along with your holdings against theft. Security measures such as two-factor authentication (2FA), encryption, and cold storage should be considered (offline storage to protect against theft and hacking).

    3. Fees

    As competition grows and risk diminishes, industry fees are anticipated to standardize and fall across the board. For the time being, there is a vast range. On reputable exchanges, there is usually a trading fee and the possibility of additional commission costs. eToro and Binance are well-known for their relatively cheap fees.

    4. Accessibility & Availability

    Can you utilize the exchange while in your country and state, according to regulations? If an exchange is not currently available in your state, keep a watch out because companies are constantly growing. Platforms should keep you informed, but frequent changes and lousy customer service are not unusual.

    So it’s a good idea to keep an eye out for yourself. Stay tuned to websites and social pages of eToro, Binance, Coinbase, and other cryptocurrencies pages for updates.

    5. Buy/trade options

    You may fund your account and buy cryptocurrency by connecting your bank account and transferring funds. You can deposit with a debit or credit card. Some platforms may even let crypto-to-crypto trading, while others may not. Choose an exchange that offers maximum payment options.

    6. Wallet

    Not every trading site includes a wallet for storing your cryptocurrency holdings. It may be easier to manage your funds and trade on the same platform. However, if you have a substantial amount of cryptocurrency, you should consider using an external cold wallet for increased security.

    7. Mobile apps

    Although cryptocurrency may be the future currency, not every site is currently on board with the technology. A robust and user-friendly investment mobile app might allow you to maintain your cryptocurrency account and conduct transactions on the go without having to navigate a cumbersome mobile website.

    8. Customer service

    Customer service on cryptocurrency platforms is not always the best. This is unfortunate since if something goes wrong with your account, you’ll want an exchange that responds quickly to your demands. If you stumble across an exchange that has received excellent rankings for service, this is a great advantage that could significantly improve your experience.

    When you’re considering an investment, follow these things:

    Every cryptocurrency has risks, and this is particularly true for Cosmos (ATOM). So, whenever you invest, make sure you don’t get caught up in FOMO. Ere investing in any digital asset, you should do your own study in addition to following others.

    1 – Research, research, study: Before investing your money, conduct thorough research on the product to avoid hazards related with it.

    Here are the several ways we investigate

    • Make a personal financial plan.
    • Evaluate your risk-taking comfort zone.
    • Consider a proper investment combination.
    • Be cautious if you decide to invest extensively in leveraged products.
    • Make and keep an emergency fund.
    • Take into account dollar-cost averaging.
    • Take advantage of your broker’s leverage “free money.”
    • Consider rebalancing your portfolio on occasions.
    • Avoid situations that could lead to fraud.

    Buying Cosmos (ATOM) as a CFD Product

    CFD trading is described as “the purchasing and selling of CFDs,” with the term “CFD” standing for “contract for difference.” CFDs are a type of derivative product since they allow you to speculate on financial markets such as stocks, currency, indexes, and commodities without owning the underlying assets.

    Instead, when you trade a CFD, you agree to swap the difference in the price of an asset between the time the contract is opened and the time it is closed. One of the key advantages of CFD trading is that you can bet on price changes in either direction, with the amount of profit or loss you make depending on how accurate your forecast is.

    Finally, Contract for Difference trading has made its way into the cryptocurrency industry, and Cosmos (ATOM) is available as a CFD product now. If you’re having trouble understanding bitcoin trading and where to keep your crypto funds, you may use CFDs to profit from Cosmos (ATOM). We recommend trading Cosmos (ATOM) CFDs on the Binance or Coinbase platforms since these are regulated and allow you to choose from various analytical tools.

    Taxation on Cosmos (ATOM) Earnings:

    Did you purchase, sell, use, or trade cryptocurrency? If this is the case, you may owe taxes if you are a US taxpayer. Here’s an explanation of what that can imply, the actions you might need to take, the forms you’ll need, and how profits and losses may influence your taxes.

    Do I have to pay cryptocurrency taxes?

    We see cryptocurrency as the foundation for tomorrow’s open financial system, but it is also a component of today’s traditional one. The Internal Revenue Service (IRS) has produced crypto tax guidance to answer the many queries about crypto and taxes.

    There is much contradictory information, but make no mistake: you must disclose gains and losses on each deal or when you acquire cryptocurrency, even if the gain or loss is insignificant. Whether you take tax form from a crypto exchange or not, you are responsible for reporting any income and transactions to the IRS. For this purpose, brokers and exchanges like eToro, Binance, and Coinbase make transaction history available.

    If you’re a non-US investor, keep in mind that taxes on cryptocurrency vary by nation. This guide only addresses the requirements in the United States. Unless you have specific US tax duties (uncommon), visit your local country tax professional to confirm your tax reporting obligations in your home jurisdiction.

    Buying and selling cryptocurrency is taxable as the IRS deems cryptocurrency to be property instead of cash. As a result, tax regulations that apply to property transactions (but not real estate transactions), such as selling valuable coins or vintage vehicles that can rise in value, also apply to bitcoin, ethereum, and other cryptocurrencies.

    The IRS isn’t playing games. Failure to declare income, including revenue from cryptocurrency sales, may result in IRS fines. Beginning with 2019 tax returns, the IRS will require you to answer “yes” or “no” to a question concerning whether you had any cryptocurrency transactions during the year. Regarding your reporting duties, please speak with a tax-planning professional.

    With that in mind, here’s a list of steps you can take to learn whether you need to pay crypto taxes, how to calculate the amount, and what forms you’ll need. Let’s get started.

    Tax implications of airdrops

    If you obtained free cryptocurrency through an airdrop, their use will affect how it is taxed. Because airdrops are similar to free money received in a giveaway or a lottery prize, they should be taxable as ordinary income at the fair market value on the day of receipt.

    If it’s in your wallet but your exchange hasn’t yet begun supporting the protocol, so you can’t do anything with it, it’s not yet taxable. When you have the power to move, sell, exchange, or otherwise do something with the cryptocurrency you received in a fork, it becomes taxable. For IRS guidance on forks and airdrops, see IRS FAQs (Q21-Q24) and Rev Rul 2019-24.

    So you’ve got some crypto activities to report?

    To begin, you’ll need a unified view of all your cryptocurrency-related transactions, each of which should be recorded on your tax return.

    Tax Implications on charitable contributions and crypto gifts

    Recipient of a gift: If you are fortunate enough to get cryptocurrency as a gift, you are unlikely to have a taxable event unless you sell the cryptocurrency. Your cost basis would be the same as the individual who gave it to you when you do this.

    The person who gives the gift is: You can gift up to $15,000 in cryptocurrency to each recipient per year without paying taxes. If the value of your gift exceeds $15,000 per recipient, you must file a gift tax return.

    Charity donations: If you gift bitcoin directly to a 501 (3) charitable organization, you can claim a charitable deduction equal to the donated cryptocurrency’s fair market value.

    Automated Trading With Robots

    A trading robot is a computer program that, on a computerized basis, executes all of the activities of a professional trader on an exchange. The computer software is a fully automated version of tried-and-true trading techniques. Regardless of the direction in which asset values are moving, robots tend to outperform humans during periods of substantial market volatility. This is because they rely on trading strategies that are meant to generate profits even when the market is down.

    In addition, the most successful bitcoin bots in the world are known for their lightning-fast research and execution. As a result, they can complete a huge number of transactions every day and thereby take advantage of any trading opportunities that arise.

    Trading Enjin (ENJ) can be a difficult profession for anyone, and there is no assurance that your market analysis will result in a profit. There are other sure ways to grow your capital with little to no effort to get around this problem. Ideally, the bots make a profit, and that profit is bigger in risk-adjusted terms than if you had just bought and held the same coins throughout.

    Cosmos (ATOM) Price Predictions:  Where Does Cosmos (ATOM) Go From Here?

    As more organizations incorporate blockchain technology into their processes, the need for a platform that allows blockchains to communicate with one another grows. Cosmos is one of these systems, with its native currency, ATOM, aiming to create an “Internet of Blockchains” in the following years. According to our projections, long-term growth is expected in Cosmos coin.

    Cosmos (ATOM) Daily Price Chart 

    Cosmos (ATOM) Price Prediction for 2021

    The Cosmos network’s scalability will be increased to 1,00,000 transactions per second, removing the blockchain’s energy-intensive technique. The network is quite popular, with various projects built on it, and if developments continue, ATOM might reach $30, an all-time high, as per our prediction.

    Cosmos (ATOM) Price Prediction for 2022

    With many partnerships and collaborations, as well as community investment, the market expects ATOM to perform well and reach a price of $38, which is a difficult but attainable goal in 2022.

    Cosmos (ATOM) Price Prediction for 2023

    ATOM pricing may experience some cloudy days as a result of changes in government policies and laws. Buyers will have plenty of opportunities to sell Cosmos for-profit and stability if the ATOM price holds support at the 100 SMA. ATOM is expected to reach a high of $42 by the end of 2023.

    Cosmos (ATOM) Upward Channel Breakout – Fibonacci Extension  

    Cosmos (ATOM) Price Prediction for 2024

    Additional short-, medium-, and long-term price objectives can be established to purchase or sell ATOM, making the race to climax for Cosmos price less challenging. Starting with a low of $50, it may rise to $55 in the long run.

    Cosmos (ATOM) Price Prediction for 2025

    Despite the fact that ATOM/USD has dropped, one of the most optimistic on-chain measures in favor of ATOM is the huge growth in the number of coins placed into the contract, which is based on projections and resistance levels. By the end of 2025, the price of Cosmos (ATOM) is expected to reach a high of $60.

    Summary

    Cosmos (ATOM) is a coin that supports an ecosystem of blockchains that are meant to scale and communicate with one another. Cosmos is a proof-of-stake chain, and the team’s goal is to “build an Internet of Blockchains, a network of blockchains capable of communicating with each other in a decentralized manner.” ATOM holders can stake their tokens to help keep the network running and gain more ATOM as a reward.

    If you’re ready to take the plunge to get in on the action, you can complete your crypto journey using our recommended broker, eToro. It only takes three minutes to get your account set up and ready to purchase Cosmos (ATOM) using Bitcoin you buy on eToro and then transfer to Binance, which allows you to margin trade Cosmos (ATOM).

    You should also remember the following:

    • Investing in and trading Cosmos (ATOM) necessitates extensive research and effort.
    • Cosmos (ATOM) is a high-risk investment.
    • Invest just what you can afford to lose.
    • Only use registered brokers and exchanges when trading or investing.
    • You should also consult review sites and online specialists for their thoughts on Cosmos (ATOM).

    eToro - Our Recommended Crypto Platform

    Our Rating

    eToro exchange
    • ASIC, CySEC and FCA regulated - 20 Million Users Worldwide
    • Buy with Bank transfer, Credit card, Neteller, Paypal, Skrill, Sofort
    • Free Demo Account, Social Trading Community
    • Free Secure Wallet - Unlosable Private Key
    • Staking Rewards for holding ETH, ADA or TRX
    • Copytrade Winning Crypto Traders - 83.7% Average Yearly Profit
    eToro exchange
    68% of retail investor accounts lose money when trading CFDs with this provider.

    FAQs

    Any risks in buying Cosmos (ATOM) now?

    ATOM has seen significant gains since the start of this year. At the time of writing, its price has increased by 426 percent from January 1. On September 20, it reached a new all-time high of $44.80. The Cosmos network already hosts over 250 apps and services, with over $112 billion in digital assets under administration. Considering this, there's relatively less risk involved in buying ATOM. However, we always recommend doing your own research before making decisions.

    Should I buy Cosmos (ATOM)?

    The development of Cosmos' first decentralised finance (DeFi) interface is one of the factors driving the price surge. Other advantages include its integration with Ethereum (ETH), which currently hosts the majority of DeFi applications, and its compatibility with Bitcoin (BTC). On September 20, it reached a new all-time high of $44.80 and the current forecast is also bullish. So we recommend buying it on eToro. However, make sure to follow proper risk management to avoid losing funds.

    Is it safe to buy Cosmos (ATOM)?

    Cosmos appears to have a lot of long-term potential and taking a buy position can prove to be a good investment. However, it still is a volatile and high-risk business, so don't put money at risk. Before you buy, research ATOM, its rivals, and the cryptocurrency business to ensure you know the risks.

    Will Cosmos (ATOM) ever hit $500?

    Comoas is trading at $46, and it's going to be a bit challenging for ATOM to hit $500 anytime soon. The more realistic target for ATOM will be $100, and the coin can hit this level in a couple of years.

    X

    eToro - Best Cryptocurrency Platform

    eToro - Best Cryptocurrency Platform

    eToro - Best Cryptocurrency Platform

    Buy Crypto

    68% of retail investor CFD accounts lose money.

    eToro - Best Cryptocurrency Platform
    Buy Crypto

    68% of retail investor CFD accounts lose money.

    X

    InsideBitcoins uses cookies to improve and customize your user experience. Learn more

    The cookie settings on this website are set to "allow cookies" to give you the best browsing experience possible. If you continue to use this website without changing your cookie settings or you click "Accept" below then you are consenting to this.

    Close