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How to buy Cosmos With PayPal

Cosmos is not a cryptocurrency, but we should learn about it if we want to enjoy the world of cryptocurrency and blockchain technology. Understanding how the Cosmos works could help us to understand the whole crypto market and include ourselves in this amazing adventure.

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What is Cosmos?

Cosmos is a blockchain project that aims to enable various blockchains to share and communicate data through an inter-blockchain communication protocol. As the last step, it could create “the internet of blockchains” meaning to create the space where users can seamlessly switch between blockchains and crypto networks from the strengths of each and avoid weaknesses. 

We used classic (like Bitcoin) blockchain technology where users (“miners”) compete to process transactions that will bring them earnings and rewards in a system called proof-of-work. Cosmos, on the other hand, is a proof-of-stake blockchain where people mine according to how many tokens they hold. 

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The history of Cosmos

The Cosmos was founded in 2014 by Jae Kwon and Ethan Buchman, which aimed to make an interoperable blockchain. They have made different projects and applications, with their blockchains that customize with other blockchains but also have benefited from it. When a new blockchain started it is called Zone, which connects with others creating Cosmos Hub, while the proof-of-stake blockchain that Cosmos is, allows transferring data between different blockchains. 

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How does Cosmos work?

Cosmos’s native token is ATOM, which is a utility token with three use cases. Users pay their transactions using ATOM, with fees that are proportional to the computational power required. The currency ATOM is also used to be a part of Cosmos Hub and staked behind validators for rewards. The token is inflationary, and new coins are minted on the amount of ATOM staked at any given time. 

Cosmos is focusing on two key aspects – interoperability and customization, that allow developers to add chains to the hub with added functionalities. In that way, they create a massive network of chains, communicating at the same time with each other and exchanging data in real-time. It is the reason why the model is called the “internet of blockchains”, which aims to solve some of the issues which should limit the widespread institution of cryptocurrencies. 

The mentioned issues are scalability (transactions added to the blockchain take more time to complete each transaction), usability (complexity of the blockchain projects that are too difficult for even experienced software developers), and compatibility (cryptocurrencies built on different blockchains usually cannot communicate and transfer funds among each other). 

The Cosmos network consists of three layers – application as processes of transactions and updates the state of the network, networking which allows communication between transactions and blockchains, and consensus which helps nodes agree on the current state of the system. 

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Cosmos price prediction

Cosmos had a starting price of $7.38 in 2017. when it was launched. The price dropped to $3.30, raised, and dropped again in September at $1.94. It was the beginning of the losing the value of this currency, where it reached the bottom of $1.65 in March 2020. The price has long been around $4, to the end of 2020. At that moment it started to grow, to the amazing price of $9.49. Finally, the best price it got was in January and February 2021 when it was $25.19, dropped again, and jumped again to $29.44. Falls of the currency continued between May and June, when it bottomed at $8.97, but jumped again in September to $44.7. 

Cosmos itself is not a cryptocurrency, but it has its native currency called ATOM. The currency rise 3% in one day in March, while there were weeks when it raised 55%. However, it was tested three times in January, when the price dropped from $44.7 to currently $32. 

Aside from those fluctuations, the currency has been predicted to be a stable and safe currency to invest in. According to Wallet Investor, the price by March 2027. could be $128.8. Another source, Digital Coin’s predicts $126 in 2030, and the Price Prediction gives an even more optimistic number of $752 in 2030. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

How to buy Cosmos with PayPal

PayPal is a very favorable platform for many users, no matter if they are beginners or not. The place has great features, including safety, stability, use on mobile and through the application, a user-friendly model, and multiple currencies that you can trade with. The platform is easy to connect with any credit card or bank account, as you can connect the PayPal profile with any cryptocurrency marketplace. Buying with Paypal is very simple and you can finish it through a few easy steps.

The first step – create a profile

PayPal presumes using a simple method to create a profile and start with trading. You should connect it with the Gmail account and add information about yourself.

The second step – choose the payment method

You can easily connect the credit card, or bank account to your PayPal account, by using information from the bank. You can use any type of debit or credit card to transfer money from it.

The third step – connect a PayPal account with a cryptocurrency marketplace

Now is the time to choose the right marketplace where you can trade with Cosmos (ATOM). Each platform has simple guidelines that beginners can learn. After that, you are ready to start using Cosmos. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Where to buy Cosmos with Paypal

Choosing the safest and most favorable way to buy Cosmos with PayPal is the first step in purchasing this currency. The second step is to choose the right platform that provides the easiest way to buy Cosmos and the safest model for traders and investors. Some of those platforms are safe, secured, and user-friendly, which you can use for every type of trading with cryptocurrency.

  1. eToro – simple and safe place for beginners
  2. Binance – the world’s most popular place for trading with cryptocurrency
  3. Webull – allows you using on different devices

eToro – simple and heavily controlled 

As surely one of the best models for trading with Cosmos, eToro offers much more than a simplified platform. The platform is controlled by several important governments agencies, including FCA, ASIC, CySEC, FINRA, and FinCEN. The platform is very easy-to-use, allowed even for beginners and you can expect very low fees. They will charge only spreads on both sides, which could be from 20% to 75%. You can place a deposit completely free, while it could be only $50.

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Binance – enjoy trading and exploring

As one of the best and most secure places for buying Cosmos with PayPal, Binance has great features and advantages. It is one of the largest cryptocurrency exchanges and offers more than 500 crypto assets available. The transaction fee when a purchase or selling cryptocurrency is only 0.1 percent and it could be even lower at 25% if you buy and hold BNB Binance’s native coin. Along with that, the platform provides a great trading environment to users, and thanks to the user-friendly model even beginners can trade on them. With Trust Walled you can be completely safe from frauds and scams. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Webull  – the place that people like the most 

For those who have planned to use Paypal to purchase Cosmos, Webull is one of the greatest places for it. The platform has a great reputation in the US, thanks to the SEC and FINRA regulations. The platform will not charge a commission fee, and buyers should pay only $1 for every trade. Beginners will love this platform also because of the simple way of creating a portfolio and non-trading fees to invest. The platform is offered for usage on desktop, mobile and online. Thanks to the two-step identification the platform is safe and heavily controlled. 

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Lucky Block – the lottery that everyone wins

Every buyer that looking for the most promising crypto to buy, along with Cosmos, should consider Lucky Block too. Do not be fooled by the fact that the token has been made as a type of online lottery on the gaming platform. The platform reshapes the industry with blockchain technology and surely changes the way that we consider cryptocurrencies as a serious investment. Lucky Block decentralizes the lottery industry, moving it to a safe platform, ensuring that everyone can be a winner. Blockchain on the platform should ensure transparency and fairness. 

It is a cheap but growing currency, launched on Pancakeswap in January and $0.000888 jumped up to $0.0030 – an amazing 127%. Aside from this information, the chain is highly attractive at the moment, mostly because of the accessibility of the lottery game to more people and constant investment in the assets upgrading. As we expect, the currency will be available on Binance and FTX, which are two of the biggest platforms, so the value will increase soon.

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Cryptoassets are a highly volatile unregulated investment product. No UK or EU investor protection.

 

Conclusion

Although Cosmos is not a cryptocurrency, you should learn about it and how the model functions in the world of cryptocurrency. Since the developers have created a place that simplifies trading with cryptocurrency and allows beginners to invest in it, this blockchain is the name that you will remember. The blockchain and native cryptocurrency that comes with it (ATOM) have great features, favorable prices, and a lot of reasons for investing.

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