A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Join CEX.io You'll first need to buy one of the bigger currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for Altcoins. Click below for registration and receive Funds.
Step 2 – Send Your BTC (Bitcoin) or ETH (Ethereum) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. Every exchange has a deposit form that is identical. Kusama (KSM) is obtainable on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Exchange? (Just follow this how-to) Make sure you have chosen the right coin you want to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Just follow our guide).
Step 3 – Find (KSM) Kusama Once your deposit has been approved, you'll instantly have access to your funds and you can commence invest and trading. To buy (KSM) Kusama on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find (KSM) Kusama, you'll need to insert the short name of the asset (KSM) into the search-box, which is highlighted in the image. Be certain of having selected the correct pairing, we've highlighted this too. Click on “KSM/BTC” to advance.
Step 4 – Acquisition of Kusama (KSM) Once you have spotted Kusama (KSM), you'll be given a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be filled with the latest tariff Kusama (KSM) was sold for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of KSM you want to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the whole volumen of KSM. When you're happy, make a mouse click on “Buy KSM”. Your order will be filled when a Seller sells their KSM for the price you submitted.
Step 5 – Withdraw (KSM) Kusama Unless you are trading, best advise is not to keep crypto coins on an Exchange for an longer time frame. To take off your (KSM) Kusama, go to the ”Funds” tab and mouse click on “Withdraw”. (KSM) Kusama can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Locate (KSM) Kusama by using the given drop-down box. Enter the volumen of (KSM) Kusama you'd like to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your correct withdraw address. When you are satisfied, click “Submit”. You may be requested for phone/email verification before a withdrawal.