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 ETH (Ethereum) or BTC (Bitcoin) to an Crypto Trader Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Kusama (KSM) is available on Binance, so we will use that as an illustration. Unsure on how to send Coinbase funds to an Crypto Trader? (Just follow this manual) Make sure you've selected the exact coin you wish to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Kusama (KSM) As soon as your deposit has been affirmed, you'll instantly have access to your assets and you can commence purchasing and trading. To buy Kusama (KSM) on Binance, you'll want to go to the tab which is called “Exchange” and after that mouse click on “Basic”. To find Kusama (KSM), you'll need to put the cointype (KSM) into the search box, which is marked in the picture. Make sure you have choosen the right grouping, we have marked this too. Click on “KSM/BTC” to advance.
Step 4 – Buy Kusama (KSM) As soon as you have located Kusama (KSM), you will be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). And now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most up-to-date valuation Kusama (KSM) was traded for. This can be changed to your favoured rate. The ”Amount” field is the amount of KSM you like to purchase. The ”Total” field is the aggregated price in BTC that you'll settle for the whole amount of KSM. When you're happy, 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 regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time frame. In order to take off your Kusama (KSM), go to the ”Funds” tab and mouse click on “Withdraw”. Kusama (KSM) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Kusama (KSM) by using the provided drop-down box. Put into the amount of Kusama (KSM) you would like to take off. Take into account the displayed minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be asked for phone/email verification ahead of a take off.