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 – Transmit Your BTC (Bitcoin) or ETH (Ethereum) to an 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 alike. 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? (Follow this how-to) Make sure you have selected the precise coin you wish to deposit. Bitcoin must be sent to a BTC deposit address, ETH to an ETH deposit address, etcetera. In the case you're dealing with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our how-to).
Step 3 – Find Kusama (KSM) Once your deposit has been verified, you'll now have access to your funds and you can initiate purchasing and trading. To buy Kusama (KSM) on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”. In order to find Kusama (KSM), you'll need to put the short name of the asset (KSM) into the search-box, which is marked in the graphic. Make sure you have choosen the proper grouping, we've highlighted this too. Click on “KSM/BTC” to go on.
Step 4 – Buying Kusama (KSM) As soon as you've located Kusama (KSM), you will be given a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). And now we are going to make our own Limit Order. The field with the “Price” tag will be automatically filled with the most latest rate Kusama (KSM) was traded for. This can be changed to your desired price. The ”Amount” field is the quantity of KSM you wish to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the complete quantity of KSM. When you're satisfied, click on “Buy KSM”. Your order will be filled when a Seller trades their KSM for the price you gave.
Step 5 – Withdraw Kusama (KSM) Unless you are regularly trading, you should never keepyour coins on an Crypto Trader for an extended period of time. In order to withdraw 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) Find Kusama (KSM) by using the given drop-down box. Put into the quantity of Kusama (KSM) you'd like to take off. Don't forget the demonstrated fees/minimums. Also make sure you have entered your precise withdraw address. If you are satisfied, click on “Submit”. You could be requested for email/phone verification before a withdrawal.