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 – Transmit Your ETH (Ethereum) or BTC (Bitcoin) to an Crypto Exchange Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Crypto Exchange now. All exchanges have a deposit form that is similar. Kusama (KSM) is accessible on Binance, so we will use that as an sample. Unsure on how to send Coinbase funds to an Crypto Exchange? (Follow this manual) Make sure you have chosen the precise coin you want 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 divergent (Follow our manual).
Step 3 – Find Kusama (KSM) As soon as your deposit has been confirmed, you will now have access to your finances and you can begin purchasing and trading. To purchase Kusama (KSM) on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”. To locate Kusama (KSM), you will need to put the cointype (KSM) into the search-box, which is highlighted in the graphic. Be certain of having selected the proper pairing, we have highlighted this too. Click on “KSM/BTC” to progress.
Step 4 – Acquisition of Kusama (KSM) Once you've located Kusama (KSM), you will be presented with a Price Chart (in the Center of the picture) and some Order Books (Leftside of the picture). For now we are going to create our Limit Order. The field with the “Price” tag will be filled with the most latest rate Kusama (KSM) was sold for. This can be changed to your preferred rate. The ”Amount” field is the amount of KSM you wish to purchase. The field with the “Total” tag is the whole price in Bitcoin that you will settle for the complete amount of KSM. When you're happy, click on “Buy KSM”. Your order 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, you should never keepyour crypto on an Crypto Exchange for an extended time frame. In order to withdraw your Kusama (KSM), hover over the tab called “Funds” 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 given drop-down box. Drop in the quantity of Kusama (KSM) you'd wish to withdraw. Take into account the shown fees/minimums. Also make sure you have entered your correct withdraw address. If you're glad, click “Submit”. You could be asked for email/phone verification before a take off.