How to Convert ATOM to BNB
When converting ATOM (Cosmos) to BNB (Binance), you need access to a trading platform with profitable conversion rates. The crypto exchange process should be straightforward and transparent. Rubix is one such exchange.
To convert ATOM to BNB, all you need to do is head to the Rubix homepage and scroll down to the exchange widget. Afterward, follow these steps:
– Choose the crypto coin to buy. Rubix will provide you with the most up-to-date- exchange rates.
– Choose ATOM to BNB trading pair.
– Enter the amount of coins you want to exchange.
– Complete the conversion and the new balance will be reflected on your account.
About ATOM & BNB
What is Cosmos?
Cosmos is a blockchain network that leverages a Byzantine Fault-Tolerant (BFT) consensus method to facilitate scalability, independence, and interoperability between independent blockchains. The Cosmos network is designed to interconnect blockchains within the cryptocurrency ecosystem while keeping them secure.
When blockchains work independently but in a parallel manner, it will be easy to exchange tokens conveniently without friction. Besides the BFT consensus method, Cosmos uses the Tendermint Core consensus protocol, which makes it easier to convert black box testing systems into replicated blockchains.
Atom requires a definite number of validators to work efficiently. Each validator has a public key for identification purposes, and security is derived from super-majority voting and a locking consensus. The Cosmos Hub features a decentralized set of validators who govern the network. The validators coordinate and vote for proposals in the protocol.
What is Binance Coin?
BNB is the native crypto coin of the Binance exchange. It was initially an Ethereum token before shifting to its network in 2019. However, many major cryptocurrency exchanges do not offer BNB trading.
During the initial years, the Bitcoin approach was used to release a limited number of BNB coins. Currently, BNB cannot be mined. The available supply of 200 million coins was issued by Binance. This supply often gets destroyed by a process known as “burning.”
Trustwallet is the native wallet for the BNB blockchain. This is an unhosted and non-custodial wallet. Typically, users hold this cryptocurrency on their wallets directly rather than in accounts on the exchange. Similarly, users are required to maintain the keys and passwords. If these are misplaced, the coins are lost and cannot be recovered.
Convert ATOM to BNB using Rubix
When using Rubix to convert ATOM to BNB, it will offer the best exchange rates in the market. The platform has a real-time price chart, which helps you track cryptocurrency price changes. It is advisable to check the coins’ current price and the graph showing their price fluctuations within a particular period. The chart also provides you with vital information, such as the current exchange rate, ATH and ATL prices etc.