A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Signup to Coinbase and get 10$ for free You'll first need to purchase one of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below for registration and getting your welcome $10.
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Bitcoin (BTC) or Ethereum (ETH) will need to be sent over to an Exchange now. All exchanges have a deposit form that is alike. Kusama (KSM) is obtainable on Binance, so we will use that as an illustration. Unsure on how to send funds from Coinbase to an Exchange? (Follow this how-to) Make sure you have selected the exact coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, etc. If you're working with a decentralized exchange, like Airswap or DDEX could be divergent (Follow our manual).
Step 3 – Find (KSM) Kusama As soon as your deposit has been approved, you will instantly have access to your assets and you can start purchasing and trading. To buy (KSM) Kusama on Binance, you will want to go to the ”Exchange” tab and then click on “Basic”. In order to locate (KSM) Kusama, you will need to insert the cointype (KSM) into the search box, which is marked in the picture. Make sure you have selected the correct pairing, we have marked this also. Click on “KSM/BTC” to advance.
Step 4 – Purchasing Kusama (KSM) After you have spotted Kusama (KSM), you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (Leftside of the picture). And now we're going to make our Limit Order. The ”Price” field will be automatically filled with the most recent tariff Kusama (KSM) was sold for. This can be changed to your desired price. The field with the “Amount” tag is the amount of KSM you like to purchase. The field with the “Total” tag is the aggregated price in BTC that you'll pay for the whole amount of KSM. When you are happy, make a mouse click on “Buy KSM”. Your order will be filled as soon as a Seller trades their KSM for the price you offered.
Step 5 – Withdraw Kusama (KSM) Unless you are trading, never keep your coins on an Crypto Trader for an extended time period. To take off your Kusama (KSM), go to the ”Funds” tab 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. Put into the amount of Kusama (KSM) you would wish to take off. Don't forget the displayed minimus/fees. Also make sure you have entered your precise withdraw address. When you are glad, make a mouse click on “Submit”. You could be asked for verfication via phone/email before a withdrawal.