A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Signup to CEX.io In the beginning you'll need to purchase units of the major coins. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for any other Cryptocurrency. Click below for registration and receive your Bitcoin (BTC) or Ethereum (ETH).
Step 2 – Send Your Bitcoin or Ethereum to an Crypto Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. Every exchange has a deposit form that is similar. Kusama (KSM) is obtainable on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow these easy steps) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. If you're working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow these easy steps).
Step 3 – Find Kusama (KSM) Once your deposit has been confirmed, you'll directly have access to your assets and you can start purchasing and trading. To buy Kusama (KSM) on Binance, you will want to go to the ”Exchange” tab and after that click on “Basic”. In order to find Kusama (KSM), you'll need to put the cointype (KSM) into the search-box, which is highlighted in the picture. Be certain of having choosen the right grouping, we have highlighted this too. Click on “KSM/BTC” to progress.
Step 4 – Purchase Kusama (KSM) Once you've discovered Kusama (KSM), you will be given a Chart with Prices (in the Center of the picture) and some Order Books (Leftside of the image). Next we're going to create our own Limit Order. The ”Price” field will be filled automatically with the most up-to-date rate Kusama (KSM) was sold for. You can change this to your desired rate. The ”Amount” field is the amount of KSM you like to purchase. The field with the “Total” tag is the total price in Bitcoin that you'll pay for the whole amount of KSM. If you are happy, click on “Buy KSM”. Your plan will be filled when a Seller trades their KSM for the price you gave.
Step 5 – Withdraw Kusama (KSM) Unless you're frequently trading, best advise is not to keep your crypto coins on an Crypto Exchange for an extended period of time. In order to withdraw your Kusama (KSM), go to the ”Funds” tab and click on “Withdraw”. Kusama (KSM) can be stored securely 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'd wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're satisfied, click on “Submit”. You may be requested for email/phone verification before a withdrawal.