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 – Transmit Your Bitcoin (BTC) or Ethereum (ETH) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Kusama (KSM) is accessible on Binance, so we will use that as an example. Unsure on how to send funds from Coinbase to an Crypto Trader? (Follow this guide)

Make sure you have chosen the right coin you would like to deposit.

Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you are working with a decentralized exchange, like Airswap or DDEX could be different (Follow our how-to).

Step 3 – Locate Kusama (KSM)

Once your deposit has been verified, you'll now have access to your assets and you can launch buying and trading. To purchase Kusama (KSM) on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

In order to locate Kusama (KSM), you'll need to put the shortname of the coin (KSM) into the search-box, which is marked in the picture. Make sure you have choosen the right pairing, we've highlighted this too. Click on “KSM/BTC” to go on.

Step 4 – Buying Kusama (KSM)

As soon as you have spotted 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 image). And now we're going to make our own Limit Order.

The field with the “Price” tag will be filled with the most recent price Kusama (KSM) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of KSM you want to purchase. The ”Total” field is the total price in BTC that you'll settle for the whole quantity of KSM.

If you are happy, make a mouse click on “Buy KSM”. Your order will be filled as soon as a Seller sells their KSM for the price you offered.

Step 5 – Withdraw Kusama (KSM)

Unless you are regularly trading, best advise is not to keep coins on an Crypto Trader for an extended time period. In order to take off your Kusama (KSM), go to the tab called “Funds” and mouse click on “Withdraw”. Kusama (KSM) can be securely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Kusama (KSM) by using the provided drop-down box. Enter the volumen of Kusama (KSM) you'd wish to withdraw. Don't forget the shown fees/minimums. Also make sure you have filled your right withdraw address.

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