Buy Cosmos
in Portugal

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.

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.

Yes. According to the Financial Action Task Force (FATF) document provided by Banco de
Portugal (Central Bank of Portugal) which was published to provide a definition for
cryptocurrency, virtual currency or cryptocurrency is a digital representation of value that can be
digitally traded and functions as a medium of exchange; and/or a unit of account; and/or a store
of value. According to the mentioned document, virtual currencies are the wave of the future for
payment systems and users can purchase cryptocurrencies and engage in specific activities
that involve virtual currency payments.

According to the taxation of cryptocurrencies official ruling form by the Portuguese Tax Authority
(Autoridade Tributária e Aduaneira), in line with the personal income tax regulation process No.
5717/2015, the Portuguese Tax Authority examined the possible classification of
cryptocurrencies within certain types of income that are subject to tax, like capital gains, capital
income and income from business activities. According to the above-mentioned document, the
tax authority decided that natural persons should not be taxed on their crypto gains from selling
cryptocurrencies. The Tax Authorities confirmed that the income from this type of assets is
presumably not taxable, unless the income arises from the performance of constant, regular and
professional activity.

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.

Anyone. The safest and simplest way to buy cryptocurrency in Portugal is through crypto
exchanges, specifically if you are a beginner entering the crypto-world. All you need to do is to
make an account, fund your account through a variety of payment methods, search for your
intended cryptocurrency and buy your crypto assets. Portugal authorizes payment services such
as: Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal. Our exchange
provides you with secure and fast cryptocurrency transactions through such payment services
whereas you pay no exchange fees for your transactions in Portugal.