How to Buy Kusama (KSM)

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.

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

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Kusama (KSM) is accessible on Binance, so we will use that as an sample. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this manual)

Make sure you have selected the correct coin you would like to deposit.

BTC must be sent to a BTC deposit address, Ethereum to an ETH deposit address, etc. In the case you are using a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).

Step 3 – Find Kusama (KSM)

As soon as your deposit has been approved, you will instantly have access to your funds and you can initiate purchasing and trading. To purchase Kusama (KSM) on Binance, you will want to hover over the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to discover Kusama (KSM), you'll need to put the cointype (KSM) into the search box, which is marked in the image. Be certain of having choosen the proper pairing, we've highlighted this too. Click on “KSM/BTC” to continue.

Binance Hot To Buy Kusama (KSM)
Binance How to Buy (KSM) Kusama
Step 4 – Buying Kusama (KSM)

Once you have located Kusama (KSM), you will be given a Chart with Prices (in the Center of the image) and some Order Books (on the Left of the picture). For now we're making our own Limit Order.

The ”Price” field will be filled with the most latest valuation Kusama (KSM) was sold for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of KSM you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete amount of KSM.

If you are satisfied, click on “Buy KSM”. Your plan will be filled as soon as a Seller sells their KSM for the price you introduced.

Step 5 – Withdraw Kusama (KSM)

Unless you're frequently trading, you should never keepyour crypto coins on an Cryptocurrency Exchange for an extended time frame. In order to withdraw your Kusama (KSM), go to the ”Funds” tab and click on “Withdraw”. Kusama (KSM) can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Kusama (KSM) by using the provided drop-down box. Enter the quantity of Kusama (KSM) you would wish to take off. Take into account the demonstrated fees/minimums. Also make sure you have entered your right withdraw address.

When you are happy, click on “Submit”. You may be requested for verfication via phone/email before a withdrawal.

Binance Withdraw

Congrats! You have successfully purchased and safed Kusama (KSM).

That's it!

Take offs from Crypto Exchange can take between 1 – 30 minutes (depending on network usage). As soon as you've proved your withdrawal with Etherscan.io or Ethplorer.io and the (KSM) Kusama is safe inside your wallet, you're finished.

Some other Guides on How to buy Coins

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