Buy, Sell, & Trade ATOM
Exchange ATOM with USD and Cryptocurrency
With our state-of-the-art Rubix Swap, we’re redefining how crypt exchange works. You can easily access your digital wallet from anywhere in the world via your smartphone or web browser. Exchange your crypto into a different digital currency or sell your tokens for traditional fiat currencies. We have a dedicated support team to ensure all transactions are handled quickly and anonymously. At Rubix, we take your privacy seriously and have built an encrypted platform that intentionally doesn’t collect our user’s data.
What is ATOM?
ATOM is the native currency of the Cosmos network, a decentralized blockchain that allows for data exchanges between different blockchains. There are exactly 260,906,513 ATOM coins, which are governed by the proof-of-stake consensus mechanism, first developed in 2011. The goal of Cosmos is to build an “internet of blockchains” that help to solve current issues of scalability. Unlike other cryptocurrencies that are mined, ATOM is earned through its point-of-stake hybrid algorithm.
As of 2020, cryptocurrency has been used as a decentralized alternative to traditional fiat currencies (which are usually backed by some central government) such as the US dollar (USD). Meanwhile, cryptocurrency technology, including smart contracts and blockchain, has been used for a number of other purposes such as apps, cloud computing, and more.
As of September 2017, there were over 1,100 cryptocurrencies and the total market capitalization of all cryptocurrencies reached an all-time high surpassing $60 billion! Then, by December 2017, the total market cap reached $600 billion (a multiple of 10 in only two months).
Although the future is uncertain, cryptocurrency is proving itself to be more than just a fad. Today cryptocurrency is shaping up to be a growing market that (despite the pros and cons) is likely here for the long haul.
Who created ATOM?
The first decentralized digital cryptocurrency can arguably be traced back to “bit gold” (not to be confused with Bitgold), which was worked on by Nick Szabo between 1998 and 2005 but was never implemented.
Although bit gold is widely considered the first precursor to bitcoin, cryptocurrency pioneer David Chaum’s company DigiCash (a company founded in 1989 which attempted to innovate digital currency), Wei Dai’s b-money (a conceptual system published in 1998 which Satoshi cites it in the Bitcoin white paper), and “e-gold” (a centralized digital currency that started in 1996) are all notable early mentions.
How do I exchange and Trade ATOM
Users can convert their crypto token to USD by finding an exchange that deals both currencies and selling your crypto currency. Depending on the current exchange rate, fees and spreads that the exchange charges, users will withdraw a corresponding amount of USD. In fact, it fundamentally works the same way as any other currency conversion option. Rubix employs the latest safety measures and has a proven track record for fair, efficient transactions.
Exchange ATOM using Rubix Swap
Acquiring ATOM is easy using the swap tool built into the Rubix wallet. Instead of going to an ATOM exchange and transferring, you can trade for ATOM directly from your Rubix wallet. The Rubix Swap feature supports not just ATOM trading, but most major cryptocurrencies which you can easily exchange. You can even swap ATOM for fiat currencies, like the dollar and euro. Rubix Swap is a simple way to manage your cryptocurrency assets. Pay for products, send funds, and make bets with friends — all while knowing your funds are safe. Keep your ATOM secure with Rubix.