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 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Kusama (KSM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow these easy steps) Make sure you have chosen the right coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, Ethereum to an ETH deposit address, and so on. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).
Step 3 – Locate Kusama (KSM) As soon as your deposit has been approved, you'll instantly have access to your finances and you can launch purchasing and trading. To purchase Kusama (KSM) on Binance, you will want to go to the tab which is called “Exchange” and then click on “Basic”. In order to locate Kusama (KSM), you will need to put the shortname of the coin (KSM) into the search-box, which is marked in the picture. Be certain of having selected the right pairing, we've highlighted this also. Click on “KSM/BTC” to proceed.
Step 4 – Buying Kusama (KSM) After you have 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 make our own Limit Order. The ”Price” field will be filled with the most latest tariff Kusama (KSM) was traded for. You can change this to your favoured rate. The ”Amount” field is the amount of KSM you want to purchase. The field with the “Total” tag is the whole price in BTC that you will settle for the complete amount of KSM. If you're glad, click on “Buy KSM”. Your plan will be filled when a Vendor trades their KSM for the price you gave.
Step 5 – Withdraw Kusama (KSM) Unless you're frequently trading, best advise is not to keep crypto coins on an Crypto Trader for an extensive time frame. 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, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find Kusama (KSM) by using the provided drop-down box. Enter the quantity of Kusama (KSM) you'd wish to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your correct withdraw address. When you're satisfied, click on “Submit”. You could be asked for phone/email verification ahead of a withdrawal.