How to Buy Kusama (KSM)

A Step-by-Step-Guide on how to buy Kusama (KSM)

Step 1 – Join Coinbase – Get Free $10

In the beginning you'll need to buy one of the top-tier currencies. Exchanges normally accept either Ethereum or Bitcoin in exchange for Altcoins. Click below to register and receive your welcome 10 Dollar.

Binance Signup
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Exchange

Your Bitcoin (BTC) or Ethereum (ETH) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is alike. Kusama (KSM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this how-to)

Make sure you've selected the precise coin you would like to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an Ethereum deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our guide).

Step 3 – Find (KSM) Kusama

Once your deposit has been approved, you'll directly have access to your assets and you can begin invest and trading. To buy (KSM) Kusama on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to locate (KSM) Kusama, you will need to insert the short name of the asset (KSM) into the search box, which is highlighted in the image. Be certain of having choosen the proper pairing, we have marked this also. Click on “KSM/BTC” to go ahead.

How to buy Coin on Binance 1 Kusama (KSM)
Step 4 – Purchasing Kusama (KSM)

As soon as you have found Kusama (KSM), you'll be given a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we are making our Limit Order.

The field with the “Price” tag will be filled automatically with the most latest price Kusama (KSM) was sold for. You can change this to your favoured rate. The “Amount” field is the quantity of KSM you wish to purchase. The “Total” field is the whole price in Bitcoin that you will settle for the whole volumen of KSM.

When you are satisfied, make a mouse click on “Buy KSM”. Your plan will be filled when a Seller trades their KSM for the price you introduced.

Step 5 – Withdraw (KSM) Kusama

Unless you're frequently trading, best advise is not to keep your crypto on an Cryptocurrency Exchange for an longer time frame. In order to take off your Kusama (KSM), go to the tab called “Funds” and click on “Withdraw”. Kusama (KSM) can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Kusama (KSM) by using the provided drop-down box. Drop in the amount of (KSM) Kusama you'd wish to take off. Take into account the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you're satisfied, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Kudos! You have successfully bought and stored Kusama (KSM).

That's it!

Take offs from Cryptocurrency Exchange can durate between 1 – 30 minutes (depending on network usage). As soon as you have confirmed your take off with Etherscan.io or Ethplorer.io and the Kusama (KSM) is stored inside your wallet, you're done.