Cosmos is a decentralized network of parallel blockchains with the vision of building a decentralized internet of blockchains, where any blockchain can transact with other blockchains without needing a trusted, centralized third party. Cosmos was founded by Jae Kwon and Ethan Buchman in 2016, and its native cryptocurrency is ATOM. The Cosmos ecosystem runs on a proof of stake consensus protocol, which uses ATOM to reward users for participating in the staking process.
1. Create an Account
Visit the Netcoins website and click on the sign-up button. Or download the Netcoins app from the app store for mobile. Enter your email address, create a strong password, and agree to the terms and conditions. You will receive a confirmation email, click on the link to verify your email address.
2. Fund It
Choose your preferred funding method: bank wire transfer, interac e transfer, crypto deposit, or cash deposit. Follow the prompts to transfer funds into your Netcoins account. The process is quick and incurs no fees.
3. Start Trading
Why Buy ATOM?
ATOM’s appeal to investors comes from its role as the native currency of the Cosmos ecosystem. ATOM appeals to investors because of its exciting pipeline, solid track record and strong community support with goals of connecting blockchains into a unified network. In addition to that, here are four more reasons why Canadians could be interested in buying ATOM. There is a need for blockchain interoperability. The cryptocurrency market faces a large test over the coming decade regarding adoption. Each blockchain carries strengths and weaknesses, which have potential on their own. The real opportunity comes with working together, which Cosmos and ATOM want to accomplish.
What Can You Do With ATOM?
The token has many use cases beyond holding it as a long-term investment in hopes of price appreciation. ATOM can be used as means of payment within the Cosmos networks and can be staked to further participate in the operations of the network.
If you want to learn more about Blockchains, Bitcoin or Crypto Staking, follow our educational blog!
How Much ATOM Can I Buy?
You don’t need to buy a lot of ATOM to get started! Our minimum purchase amount is 0.2 ATOM. Enabling anyone to gain exposure no matter how many dollars they have to invest.
FAQs
Why is KYC (Verification) required?
Netcoins Inc. is a licensed money service business under FINTRAC, and a registrant under the Provincial Securities Commissions, and adheres to the strict guidelines set by them for Money Transmitter Businesses and Securities Registrants. We are required to have a Know-Your-Client (KYC) process and compliance program in place. KYC is a process that allows us to verify the identity of our customers.
What do I need to provide for your verification process?
You will have to provide your email address, phone number and personal information including your first name, last name, address, date of birth and a piece of identification (like a driver’s license). Most users are verified at this point through our automated process. If you don’t pass the automated KYC process, you will have to go through an additional document verification stage. This is important and required as we are a regulated money service business.
How can I fund my account?
Your Netcoins account can be funded with a crypto deposit, Interac e-Transfer, or a bank wire transfer. Once you have funds in your Netcoins account, you’ll find that it’s super easy to buy ATOM in Canada.