A cryptocurrency called Cosmos (ATOM) fuels an ecosystem of interconnected blockchains that is built to grow. The group wants to build a Web of Blockchains, capable of communicating with one another. Holders of ATOM can invest their coins to support system upkeep and get additional ATOM in return. On purchases, sales, and storage of Cosmos currencies, the program levies a modest fee. This article mentions these charges and the exchange that provides reasonable fees.
Price of cosmos
Cosmos’s price has dropped by 6.91% in the last year alone. Recently, the price fell by 0.61% and then increased by 1.16%. Currently, an ATOM costs 9 euros. The number of ATOM in circulation right now is 286,370,297.
Transaction cost
According to the platform or marketplaces, the coin’s transaction costs change. The top platforms for coin trading that offers low and maximum transaction fees are listed below.
WazirX
It is the biggest crypto exchange website in India. WazirX, which has a volume of $5.4 billion per month and is expanding exponentially, is noticing a sharp increase in both new customers and trading activity. With 6 million active members, WazirX is only now beginning to grow. The quantity of WRX you hold on WazirX will affect the actual service charges you pay. Your transaction costs will be cheaper the more WRX you possess. The network levies up to 0.2% of the sale for Cosmos. There are no costs associated with deposits or withdrawals, and the maximum withdrawal is 244ATOMS.
Bitvavo
The automated coin broker Bitvavo focuses on the gap between the cost price of a cryptocurrency and the euro. The fees associated with withdrawing money from Bitvavo vary depending on the network’s current state. The charge amount is estimated using network transaction costs, and therefore is vulnerable to abrupt changes as a result of issues with the network. For COSMOS, Bitvavo doesn’t charge for deposits or withdrawals. For the exchange of the coin, there are transaction costs of up to 0.2-0.5%.
FTX
The Bahamas is where the bitcoin exchange FTX is located. The market was founded in 2019, and by the time it reached its peak in July 2021, it had more than a million users and was the third-busiest site overall. There are no deposit costs. However, the website charges the vendor a 0.02% fee for each sale or exchange. For ATOM, there are no withdrawal or deposit fees.
CoinEx
The CoinEx trading charge rate changes depending on the market activity and VIP categories. While Capital Market Grade is dependent on trading activity, VIP Grade is dependent on CET keeping. For the cosmos, the site charges up to 0.2% of the transaction.
Bilaxy
Bilaxy is a controlled cryptocurrency exchange (CEX) that was established in the Republic of Seychelles and entered the market in April 2018. Even though it is not on the project’s growth plan, Bilaxy’s lightning-quick token listing is its most notable feature. Compared to other platforms, the Bilaxy exchange offers a quick coin listing speed. For novice users, Bilaxy is relatively simple to use because it doesn’t have many intricate features. For deposits or withdrawals, it simply takes a few minutes.
The withdrawal charge on Exchange Bilaxy is the largest. This transaction charge on the chain network is $9.9949153 – 1.122083ATOM. There is no deposit cost.
A final word
Investors who are drawn to virtual currency need to be mindful of the dangers posed by a dynamic market. Being an investor in coins, it is in your best interest to keep your knowledge of fees current because you never know when your next big financial decision may come.
Establish a strategy for buying, selling, and storing bitcoins and regularly examine it because new developments are always occurring.
