A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Join Kraken You'll first need to buy units of the top-tier currencies. Exchanges commonly accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Follow the Link below for registration and receive Bitcoin or Ethereum.
Step 2 – Transfer Your Bitcoin or Ethereum to an Cryptocurrency Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need 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 illustration. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide) Make sure you have chosen the correct coin you wish to deposit. BTC must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Just follow these easy steps).
Step 3 – Locate Kusama (KSM) As soon as your deposit has been confirmed, you will immediately have access to your finances and you can launch invest and trading. To purchase Kusama (KSM) on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”. In order to find Kusama (KSM), you'll need to insert the cointype (KSM) into the search-box, which is marked in the image. Be certain of having choosen the correct grouping, we have highlighted this also. Click on “KSM/BTC” to continue.
Step 4 – Buy Kusama (KSM) Once you've spotted Kusama (KSM), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). And now we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most recent tariff Kusama (KSM) was sold for. You can change this to your desired rate. The ”Amount” field is the volumen of KSM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will pay for the whole quantity of KSM. If you are satisfied, click on “Buy KSM”. Your plan will be filled as soon as a Vender trades their KSM for the price you introduced.
Step 5 – Withdraw Kusama (KSM) Unless you're frequently trading, never keep your crypto on an Crypto Trader for an extensive time period. To take off your Kusama (KSM), go to the tab called “Funds” and mouse click on “Withdraw”. Kusama (KSM) can be safely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Kusama (KSM) by using the given drop-down box. Drop in the quantity of Kusama (KSM) you would like to withdraw. Take into account the displayed minimus/fees. Also make sure you have entered your correct withdraw address. When you are glad, click “Submit”. You may be requested for phone/email verification before a withdrawal.