A Step-by-Step-Guide on how to buy Kusama (KSM)
Step 1 – Join CEX.io You will first need to buy units of the bigger coins. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Click below to register and receive your ETH (Ethereum) or BTC (Bitcoin).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange Your ETH (Ethereum) or BTC (Bitcoin) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is similar. Kusama (KSM) is available on Binance, so we're going to use that as an illustration. Unsure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this manual) Make sure you have chosen the correct coin you would like to deposit. Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etc. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be different (Follow these easy steps).
Step 3 – Find Kusama (KSM) Once your deposit has been confirmed, you'll instantly have access to your assets and you can initiate buying and trading. To invest in Kusama (KSM) on Binance, you'll want to hover over the tab which is called “Exchange” and click on “Basic”. In order to discover Kusama (KSM), you'll need to insert the short name of the asset (KSM) into the search box, which is highlighted in the image. Be certain of having selected the proper grouping, we have highlighted this also. Click on “KSM/BTC” to progress.
Step 4 – Buying Kusama (KSM) Once you've located Kusama (KSM), you will be presented with a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to create our own Limit Order. The ”Price” field will be automatically filled with the recent rate Kusama (KSM) was traded for. This can be changed to your preferred rate. The field with the “Amount” tag is the volumen of KSM you want to purchase. The ”Total” field is the total price in BTC that you will pay for the complete volumen of KSM. If you are glad, click on “Buy KSM”. Your plan will be filled as soon as a Vendor sells their KSM for the price you submitted.
Step 5 – Withdraw (KSM) Kusama Unless you're regularly trading, never keep your coins on an Cryptocurrency Exchange for an longer time period. In order to withdraw your (KSM) Kusama, go to the tab called “Funds” and click on “Withdraw”. (KSM) Kusama can be securely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (KSM) Kusama by using the provided drop-down box. Drop in the amount of (KSM) Kusama you would wish to withdraw. Take into account the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address. If you're glad, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.