How to Buy Stride Staked Atom Crypto (STATOM)

What is Stride Staked Atom (STATOM)?

According to Coingecko, Stride Staked Atom is : Stride Staked ATOM, or stATOM, is a representative token for staked ATOM. It is derived through the process of liquid staking ATOM using the Stride protocol. It can be converted back to the original tokens at any point. stATOM permits seamless transactions, transfers, and participation in DeFi activities. In the broader context of the Cosmos ecosystem, where ATOM serves as the central token of the Cosmos Hub, stATOM is a versatile asset, offering the benefits of DeFi engagement alongside a 20.89% staking reward. Stride is a multichain liquid staking zone (appchain) on the Cosmos Blockchain. Stride allows users to stake any IBC-compatible tokens, and receive stTokens in return, which are redeemable for the original token at a 1:1 ratio. By staking their tokens using Stride, users will be able to earn staking rewards, while also retaining liquidity in the form of stTokens, which will allow them to take advantage of Cosmos DeFi and pursue more yields there.

Where can I buy STATOM Crypto?

The best website to buy Stride Staked Atom is Simpleswap.

With Simpleswap you can buy almost every reputable token without needing to register or providing proof of identity. The process is incredibly simple and quick.

How to Buy Stride Staked Atom on Simpleswap

To buy Stride Staked Atom on Simpleswap, first you need to click here to access the Simpleswap App. Now, click the "Buy Crypto" tab, select your fiat currency, and then select STATOM, just like in this example:

Once you selected the currency you want to pay in, and STATOM, you need to paste your respective wallet address where you want to receive your STATOM.

With Simpleswap, you'll receive your Stride Staked Atom directly on your on-chain wallet without need to deposit and withdraw like in every other exchange.

You can now choose between Google Pay or card to complete the payment:

Once you complete the payment, all you gotta do is wait a few minutes for the payment confirmation, and for the on-chain transaction to complete. Once all that is completed you should see your updated balance in your wallet.

Please make sure you read our Disclaimer. We are not financial advisors.