A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Signup to Coinbase and recieve 10$ for free In the beginning you'll need to purchase units of the top-tier currencies. Exchanges commonly accept either Ethereum or Bitcoin in exchange for any other Cryptocurrency. Follow the Link below to register and getting your first 10 Dollar.
Step 2 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your Bitcoin or Ethereum has to be sent over to an Crypto Trader now. Every exchange has a deposit form that is alike. Kusama (KSM) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this how-to) Make sure you've chosen the precise coin you want to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're using a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find (KSM) Kusama As soon as your deposit has been approved, you will directly have access to your finances and you can begin buying and trading. To invest in (KSM) Kusama on Binance, you will want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to find (KSM) Kusama, you will need to insert the shortname of the coin (KSM) into the search box, which is highlighted in the picture. Make sure you have choosen the right pairing, we've highlighted this also. Click on “KSM/BTC” to go ahead.
Step 4 – Buy Kusama (KSM) As soon as you've found Kusama (KSM), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). Next we are going to create our Limit Order. The ”Price” field will be filled with the most up-to-date valuation Kusama (KSM) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the quantity of KSM you want to buy. The field with the “Total” tag is the total price in BTC that you'll settle for the whole quantity of KSM. When you are glad, make a mouse click on “Buy KSM”. Your order will be filled as soon as a Vendor sells their KSM for the price you gave.
Step 5 – Withdraw Kusama (KSM) Unless you are regularly trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time period. In order to withdraw your Kusama (KSM), hover over the ”Funds” tab and mouse click on “Withdraw”. Kusama (KSM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Kusama (KSM) by using the provided drop-down box. Drop in the quantity of Kusama (KSM) you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have entered your correct withdraw address. If you are happy, click “Submit”. You could be requested for phone/email verification before a take off.