Cosmos, known for its interoperability and scalability, is a rapidly growing ecosystem in the blockchain space. This guide will help you add Cosmos (ATOM) to your Coinbase Wallet, enabling you to participate in its expansive network.
Before we begin, let's delve into what Cosmos is. Launched in 2019, Cosmos aims to solve some of the hardest problems facing the blockchain industry today, including scalability, usability, and interoperability. With its unique consensus model and the Inter-Blockchain Communication (IBC) protocol, Cosmos enables different blockchains to communicate and transact with each other seamlessly. ATOM is the native cryptocurrency of the Cosmos Hub, the flagship blockchain of the Cosmos network.
Download and Set Up Coinbase Wallet: If you haven't already, download the Coinbase Wallet app on your mobile device or install the browser extension. Follow the on-screen instructions to create a new wallet or import an existing one.
Navigate to the 'Receive' Section: Open your Coinbase Wallet and locate the 'Receive' section. This area allows you to select which cryptocurrency you wish to receive into your wallet.
Select Cosmos (ATOM): In the 'Receive' section, search for Cosmos or ATOM. If ATOM does not appear in the list of available cryptocurrencies, ensure that your app is up to date or check if ATOM support has been added to Coinbase Wallet since this guide was written.
Share Your ATOM Address: To receive ATOM in your Coinbase Wallet, share your wallet address or QR code with the sender. If you're transferring ATOM from another wallet you own, use this address to initiate the transfer.
Confirm the Transaction: Wait for the transaction to be confirmed on the Cosmos network. The time needed can vary based on network congestion and transaction fees.
Manage Your Cosmos (ATOM): Once the transaction is confirmed, the ATOM will appear in your Coinbase Wallet. You can now manage your ATOM by sending it to others, using it for transactions, or holding it as an investment.
Adding Cosmos (ATOM) to your Coinbase Wallet is a straightforward process that enhances your cryptocurrency portfolio and enables greater flexibility in managing your digital assets. By following the steps outlined above, you can easily integrate ATOM into your digital wallet, allowing for efficient transactions within the Cosmos ecosystem and beyond. Remember to always follow best practices for security and asset management to protect your investments.
Navigate to the 'Receive' Section: Open your Coinbase Wallet and locate the 'Receive' section. This area allows you to select which cryptocurrency you wish to receive into your wallet. Select Cosmos (ATOM): In the 'Receive' section, search for Cosmos or ATOM.
Cosmos is currently available to stake on Coinbase's centralized exchange, subject to locations where staking is allowed. Check out our help center page to learn more about eligibility.
On the Assets tab inside Coinbase Wallet, tap the Buy button. Tap the token you'd like to purchase, then enter the amount you'd like to buy. If needed, change the Source of funds to your desired payment or transfer method.
A user registers a native Cosmos Coin. Once the proposal passes (i.e is approved by governance), the ERC20 module uses a factory pattern to deploy an ERC20 token contract representation of the Cosmos Coin.
Coinbase Wallet can only store supported cryptocurrencies and access dapps on supported networks. Verify that Coinbase Wallet supports the network you are receiving assets from, otherwise you won't be able to access the assets. Sending or receiving unsupported assets through Coinbase Wallet will cause you to lose them.
Make sure you have selected the chain where the tokens are at. For example, if your NFT is based on a Base Chain, make sure that you have selected 'Base Chain' as the Chain Network at the top of Coinbase Wallet. If there isn't the chain you wish to select, you will need to add a chain.
Keplr Wallet is one of the most popular multi-chain crypto wallets in the Cosmos ecosystem. Designed with IBCs like Cosmos in mind, Keplr allows ATOM holders to store their assets securely.
Navigate to the Keplr wallet dashboard. Find the Cosmos Hub chain and click Stake to open the Keplr staking page. Find the Coinbase validator (not Coinbase Custody) and click Manage.
Fortunately in United States, you can buy Cosmos on Coinbase's centralized exchange. Coinbase is the most trusted place for people and businesses to buy, sell, and manage Cosmos.
When you delegate your Cosmos (ATOM) tokens, you don't have to wait long to start seeing rewards; they begin accruing approximately every 7 seconds. This real-time reward distribution is one of the unique features of Cosmos that sets it apart from many other networks.
You can use Coinbase Wallet to send and receive supported cryptocurrencies and digital assets such as ERC-20 tokens. Coinbase Wallet supports the following networks: Ethereum, Polygon, Bitcoin, Dogecoin, Litecoin, Stellar Lumens, XRP, and Solana.
Share Your ATOM Address: To receive ATOM in your Coinbase Wallet, share your wallet address or QR code with the sender. If you're transferring ATOM from another wallet you own, use this address to initiate the transfer. Confirm the Transaction: Wait for the transaction to be confirmed on the Cosmos network.
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