Cosmos a project often described as the Internet of blockchains) is a new kind of blockchain protocol intended to seamlessly connect all blockchains. This allows for fast, affordable, and reliable transactions anywhere in the world.
Cosmos fixes the steep learning curve for the creation of blockchain applications for developers through their Cosmos SDK, a modular framework design for building interoperable blockchains.
As most experts claim, various blockchains integration will solve a lot of market problems now, as well as will make it truly global.
Cosmos price chart (ATOM / NZD)
Step 1: Register with a cryptocurrency exchange
To participate in the world of crypto-trading, you first need to sign up with a cryptocurrency exchange. These platforms are where you can buy, sell, and hold cryptocurrency.
There are plenty of cryptocurrency scams out there, so be sure to buy and sell on a reputable exchange.
Binance is one of the best places to buy Cosmos, especially if you live in the New Zealand. Registration is quick and simple, and the ATOM is very easy to buy with NZD.
Why is Binance the best?
Low transactions fees of 0.1% and below
25% on trading fees paid with the BNB token
Binance is available all over the world
Supports a wide selection of over 500+ crypto assets
Over 50+ fiat currencies supported
Binance staking allows users to earn rewards on their crypto holdings
More trading options, including spot trading, margin trading, P2P, and futures trading
NFT marketplace to buy and sell NFTs
Different trading interfaces to accommodate every users’ trading experience
The Binance mobile app enables users to access their accounts and trade on the go
Binance Visa Card to spend your crypto hassle-free
The Binance Trust Wallet supports 53 blockchains and 1M+ assets.
Unfortunately, Binance is not available in the United States, and Americans can only trade on Binance.US, a Binance version that’s compatible with U.S. regulation.
How to Register on Binance
Firstly, click on the button below to register with Binance, it’s free and easy
Important: Use our unique link and get 15% off commissions on Binance.
To get started, just enter your email address, create a password for your account and click [Create Account].
Your password should be a combination of numbers and letters. It should contain at least 8 characters, 1 upper case letter and 1 number for security.
For security verification, drag the puzzle piece to the right until it fits into its slot.
A 6-digit code will be sent to you via email. Enter it in the next screen.
Finally, you will reach the Welcome to Binance screen. This screen will outline some of the core features.
Step 2: Verify Your Account
Verification is a process used by exchanges to establish the identity of customers. It is necessary for any kind of financial transaction, especially those with higher levels of security or legitimacy. Any user who wants to trade crypto on exchanges must go through verification.
For new users, you may click [Get verified] on the homepage directly.
Click [Start Now] to verify your account.
Select your country (In your case New Zealand) of residence. You will then see the list of verification requirements for your country. Click [Continue].
Enter your personal information and click [Continue].
Next, you will need to upload pictures of your ID documents. Most users can choose to verify with a passport, ID card, or driver’s license.
After uploading the document photos, the system will ask for a selfie. Click [Upload File] to upload an existing photo from your computer.
After that, the system will ask you to complete face verification. Click [Continue] to finish face verification on your computer.
After you complete the process, please wait for Binance to review your data promptly. Once your application has been verified, Binance will send you an email notification.
Cryptocurrencies and blockchain continue to be favored targets for criminal activity. The ability to make anonymous transactions can allow criminals to engage in financial transactions with more impunity. KYC protocols and identity verification is an essential element for policing the market and protecting crypto investors from theft.
Step 3: Fund Your Account and buy Cosmos
To invest in Cosmos, you’ll need to deposit some money into your account.
Log in to your account, head over to the “Buy Crypto” section on the Binance toolbar, and choose the “Credit/Debit Card” option.
Select Cosmos and enter your order amount. The total price with fees will be calculated in the second bar.
After that, you will be prompted to enter your card details and after confirmation, you will finally buy your first Cosmos. Usually, it will take between 10 and 30 minutes for the crypto to appear in your Binance account.
How to Save 40% on Fees When Buying Cosmos
One way you can lower your trading fee is by keeping some Binance Coin in your account at all times so your fees can be taken from that. Doing this gets you 25% off all trading fees.
In total, you get a 40% discount on all transaction fees!
Alternative ways to buy Cosmos
If you were unable to buy Cosmos on the exchange using NZD, you can buy it using another cryptocurrency, such as Bitcoin. You can always buy BTC for the first time using platforms such as LocalBitcoins, then transfer your BTC to a Binance to buy Cosmos. In this case, you can further reduce costs.
Below are a few of the sellers in the New Zealand who sell bitcoins with NZD.
ONLY OWNERS / SOLO TITULARES
Wise to Wise
Fast and safe trade, if you are not a holder, refrain from trading.
No Third party accepted.
Your Local Bitcoins username must be the same as wise.
I will release your the bitcoin after i have received your payment.
Comercio rápido y seguro, si no es titular absténgase de comerciar.
No se aceptan terceros.
Su usuario de Local Bitcoins debe ser el mismo de wise.
Liberare los bitcoins después de confirmar que el pago ha sido recibido.