Cosmos is an ecosystem of independent interconnected blockchains built using application components and connected with Cosmos's IBC (Inter-Blockchain Communication) protocol. With Cosmos, developers can choose to build autonomous application-specific blockchains that can easily interconnect, meaning that applications are no longer forced to exist as smart contracts on a third-party chain. Cosmos aims to enable developers to create millions of interconnected blockchains, as opposed to other projects who seek to become the dominant base layer blockchain.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Cosmos. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Cosmos and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Cosmos without any technical knowledge. Here is a brief overview of the existing wallet options to store your Cosmos:
Hosted wallets are wallets where the private keys to your Cosmos are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Cosmos online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Cosmos. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Cosmos, and if malicious parties have access to your device, your private keys (and therefore your Cosmos) can be stolen.
A hardware wallet is a physical device on which you can store your Cosmos offline. It is one of the safest ways to store your Cosmos, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Cosmos is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Cosmos. Once you have purchased Cosmos on Bitvavo, you can choose to send your Cosmos from your Bitvavo wallet to your own software or hardware wallet.