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Learn More about buying ATOM in Brazil
How to buy Cosmos in Brazil
Is ATOM a good investment in Brazil?
Cosmos, which is introduced as "Blockchain Internet", tries to bring different blockchains together in one unit and from the very beginning solve several main problems that plague this technology. ATOM is the core cryptocurrency on top of the Cosmos platform, which is designed to facilitate communication, scaling and collaboration between independent blockchains. The projects launched in the Cosmos network allow the exchange of their tokens as well.
In addition, Cosmos presents itself as a set of tools, with its modular and adaptable features, available to developers who are ready to start working on the decentralization of the Internet and related financial infrastructure. In other words, Cosmos, known by its founding team as the Internet of Blockchain, aims to create a cryptographic network united by open-source tools to simplify transactions between them. It is this focus on customization and interoperability that sets Cosmos apart from other projects.
What is Cosmos ?
The native staking token for Cosmos platform is called ATOM. This currency forms the foundation of the token economy of the Cosmos network. The ATOM symbol is widely and commonly used on exchanges in order to address the Cosmos currency. You can easily find information about this cryptocurrency by searching its symbol, ATOM.
Is Cosmos legal to buy in Brazil
Yes, it is legal to buy and own cryptocurrencies in Brazil. According to a publication by the
Central Bank of Brazil on the Distributed Ledger Technologies, the benefits of the application of
blockchains is mentioned and the use of blockchain technology is stated as valuable for the
creation of decentralized payment systems, particularly in the form of cryptocurrencies. It is also
stated in the above-mentioned article that cryptography and consensus systems are applicable
to this digital representation of real world assets, as in payment systems.
Is Cosmos taxed in Brazil
Yes. In Brazil, the taxation of cryptocurrency is governed by the federal tax law contained in the
Brazilian Tax Code (Lei n° 5.172/1966) and by additional regulations issued by the Brazilian
Federal Revenue Service. The specific provisions regarding the taxation of cryptocurrency can
be found in Normative Instruction (IN) 1.888/2019 issued by the Federal Revenue Service. This
instruction sets out the rules and procedures for the taxation of cryptocurrency transactions in
Brazil, including the treatment of capital gains, the reporting of cryptocurrency transactions, and
the determination of tax liability.
According to the above-mentioned taxation laws, cryptocurrency is taxed as a financial asset.
This means that any capital gains made from the sale or exchange of cryptocurrencies are
subject to a 15% taxation rate. If the holding period of the cryptocurrency is less than 365 days,
the gains are considered short term and are taxed as ordinary income. If the holding period is
longer than 365 days, the gains are considered long-term and are taxed at a more favorable
rate. In addition, cryptocurrency transactions that exceed a value of R$35,000 ($6,500) in a
given month are subject to a tax reporting obligation. but please note that the regulations are
always subject to change and it is recommended to consult tax experts in order to receive up to
After you've bought Cosmos in Brazil
ATOM has three main use cases: A spam-prevention system, a voting system for governance, and staking. Users can “stake” their ATOMs (lock them up in a smart contract for a period of time) to earn rewards. “Staking” is similar to investing money earning a return on investment. The process is similar to depositing cash into a bank account to generate interest over time. Stakers earn the rewards for their work securing the network.
Who can buy Cosmos in Brazil
In Brazil, anyone can buy and own cryptocurrencies, including individuals, companies, and legal
entities. There are no restrictions or limitations on who can purchase cryptocurrencies. In Brazil,
there are also Over-the-counter (OTC) providers who sell you crypto currencies but you should
know that the most popular and convenient way to buy cryptocurrency in Brazil is through a
cryptocurrency exchange. On this note, our exchange is one of the most secure service
providers when it comes to buying crypto assets in Brazil. In such a circumstance, our exchange
is a reliable and secure option for purchasing cryptocurrency in Brazil. It operates legally and
provides a variety of well-known and quick payment methods, such as Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal, with no transaction fees for cost-
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Frequently asked questions
The value of Cosmos is impacted by numerous factors. One of which is that it was generated with a fixed supply, similar to many cryptocurrencies. In this regard, it won't experience inflation and its price hikes could result from its scarcity. Also, all payment processes, transaction fees, rewards, etc. are paid through this digital currency. This has caused a great demand for ATOM digital currency. This demand, in turn, has caused its price to experience a good growth. In such a way that this currency has experienced a growth of 528% in the last two years.
In Brazil, cryptocurrency transactions must be reported for tax purposes. You need to keep
detailed records of all your cryptocurrency transactions, including the date, amount, and type of
transaction. Then, determine your capital gains and calculate it by subtracting the cost basis
(the price you paid for the cryptocurrency) from the sale price. Next, file an annual tax return by
reporting your capital gains from cryptocurrency transactions on your annual tax return
(Declaração de Imposto de Renda). After that, you should declare cryptocurrency holdings, if
you hold cryptocurrency with a total value exceeding R$35,000 ($6,500) at the end of a given
month, you are required to declare your holdings to the Federal Revenue Service. If you have a
taxable capital gain from cryptocurrency transactions, you must pay the appropriate taxes to the
Also, it is recommended to consult a tax professional or financial advisor if you have further
questions or concerns about the tax implications of your cryptocurrency transactions in Brazil.
Yes, you can exchange your cryptocurrency into cash in Brazil. The most common and
convenient way to exchange your cryptocurrency into cash in Brazil is through a cryptocurrency
exchange like ours. All you need to do is to transfer your cryptocurrency to our exchange by
sending it from your digital wallet to the exchange's wallet address (you don’t need to do this if
you are already using our exchange’s internal wallet). Then, you can sell your cryptocurrency
assets for Euros. Finally, you can withdraw the cash from our exchange to your bank account.
Also, it is worth mentioning that all your trading transactions are free of transaction fee charge
within our exchange.
You are able to purchase the minimum order size of $10 in order to buy ATOM on our exchange. Additionally, you can choose from a number of payment methods that our exchange offers to finalize your purchase transaction. Then, on your portfolio of cryptocurrency assets, the attained ATOM units will be visible.
The exact number of people in Brazil who own crypto assets is not publicly available. However,
it is estimated that over 10 million people, 4.9% of Brazil's total population, currently own some
kind of cryptocurrency assets. According to some studies and reports, the number of people in
Brazil investing in cryptocurrencies has been growing in recent years, driven by factors such as
increasing awareness and adoption, market performance, and investment opportunities.
After buying ATOM digital currency, you must transfer it to a wallet in order to keep it safe and secure. Cryptocurrency wallets are mainly divided into the two categories of hardware and software wallets. Hardware crypto wallets are the most secure, but software wallets usually have more features and a better user interface. Our exchange offers you a personal online wallet, which, because it can quickly connect to a wide range of trading options, greatly simplifies your trading of ATOM cryptocurrency.