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How & Where to Buy Kusama A Step-by-Step Guide to Buying KSM

  1. Sign up at Kraken, the #1 rated KSM exchange.
  2. Fund your account with cash or crypto.
  3. Buy KusamaKSM
  1. STEP 1Find the Best KSM Exchange
    • kraken exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $189,010,906
      Coins
      92

      A decade of security, honesty, and transparency has given San Francisco’s Kraken an impressive reputation and helped it become the fourth-largest cryptocurrency exchange in the business. The brokerage service offered by Kraken has more coins to buy and sell directly with cash than most of their competitors. In addition, debit and credit card purchases are permitted with comparably low fees. Well-suited for beginners and those who want to buy and hold coins long-term.

    • CEX.io Crypto Exchange
      Ease of use
      Very Easy
      Time to 1st Buy
      24h Volume
      $11,759,697
      Coins
      90

      British cryptocurrency exchange CEX.IO proves that good things come in small packages, with the lowest credit and debit card fees, and one of the best off-ramp processes in the industry. Deposit fees in GBP are given a 50% discount, making them ultra-appealing to UK traders. Founded in 2013, with over 4m registered accounts. Recently branched out to the US.

    • 102
      Ease of use
      Average
      Time to 1st Buy
      2 hrs
      24h Volume
      $1,042,022,137
      Coins
      313

      China’s biggest cryptocurrency exchange and the second-biggest exchange in the world. Huobi is highly respected and well designed, with a stunning trading platform, more than 50 fiat currencies accepted, and fair trading fees. Now based in Seychelles and listed in Hong Kong, it serves a primarily Asian customer base.

    Go to Kraken and create an account. In some cases, the exchange will need some personal information like email address, phone number, name, address, and a copy of your government ID or passport.

    This is completely normal and all exchanges we list on this page have security in place to protect your personal info.

  2. STEP 2Fund Your Account

    It is now time to add funds to your newly created exchange account. This will allow you to purchase Kusama KusamaKSM quickly.

    Upon signing up at the exchange, you should be shown easy to follow instructions to buy KSM with cash from your bank account or credit or debit card. Some exchanges also accept alternative funding methods such as Paypal, Apple Pay, Skrill, or Sofort by Klarna. You can also deposit any supported cryptocurrencies directly into your exchange account and trade them for KSM.

Frequently Asked Questions About Buying & Selling Kusama (KSM)

How do I Buy KSM with Crypto?

If you want to buy KSM with a cryptocurrency like Bitcoin, Ethereum, Litecoin, XRP, or BNB, then you can simply sign up for Kraken and send your crypto to your account.

You can view the supported cryptocurrencies for the exchange you selected by going to the assets or wallet screen. Once you see a list of coins, you should be able to select one and click "deposit" which will show you the address to send your crypto to Kraken.

You will then copy that address and paste it into the wallet holding your cryptocurrency and send.

Depending on the blockchain used and how quickly the exchange processes deposits, your funds should show up in your exchange balance within minutes.

How do I sell Kusama (KSM)?

To sell KSM, simply reverse the buying process described above. You will likely need to trade your KusamaKSM into a USD coin like usdtUSDT. Look for a "Sell" button in your account wallet and sell for Dollars, then initiate a transfer to your bank account. To withdraw cash to your bank, you will likely need to complete a full KYC (Know Your Customer) process if you haven't already.

Kusama Research Center

Kusama Technical Details & Statistics

Tokenomics
  • Market Rank75
  • Market Cap591,330,354
  • Circulating Supply8,470,098
  • Total Supply9,651,217 KSM
Yesterday's Trading
  • 24 HR Volume99,754,409 USD
  • Yesterday's High / Low---
  • Yesterday's Open / Close---
  • Yesterday's Change---
All Time Performance
  • All Time High---
  • All Time Low---

How and Where to Buy Kusama (KSM)

Gavin Wood, a computer scientist and programmer, founded Kusama in 2019 under the company Parity technologies. Gavin is the founder of Polkadot and former CTO, and co-founder of Ethereum. The extensive Parity Technologies team that built Kusama also created Polkadot and includes some of the world’s leading blockchain engineers.

Kusama is a network built as a risk-taking, fast-moving ‘canary in the coal mine’ for its cousin Polkadot. It’s a living platform built for change agents to take back control, spark innovation and disrupt the status quo.” Kusama website

The Web3 Foundation, an organization that funds teams building foundations for the decentralized web, has funded grants to Kusama to assist growth.

What Is Kusama (KSM)?

Kusama is a blockchain platform providing a highly scalable framework of specialized blockchains for developers. It has a similar codebase to Polkadot and was built using Substrate, a building kit for blockchain developed by Parity Technologies. Polkadot is known for its success as an interoperable blockchain. Kusama is self-described as a “Polkadot’s canary network” as it gives access to an interoperable sharded network and has features beyond Polkadot’s capabilities, and is highly scalable.

Developers can deploy a blockchain on Kusama in preparation for launching on Polkadot, though many developers choose to finalize their products on the Kusama network. Because of the low barrier to deploying parachains, Kusama is popular with early-stage start-ups.

  •       Fast Iteration – Fast progress for developers to move “through the governance and upgrade process”
  •   Low Economic Barriers – Easy to launch a custom blockchain
  •       Advanced Technology – Unique features on the sharded, multichain network before deploying on Polkadot
  •       Open Governance – The Kusama network community owns and governs the development of the Kusama network
  •       Engaged Community – Leverage the Polkadot brand and community of develops for your project
  •       Valuable Experience – teams not ready for Polkadot can fine-tune their project on the Kusama network, building a brand and creating a community before deploying

$KSM is Kusama’s native token that helps maintain and operate the network. If you own and stake your $KSM tokens, you can vote on Kusama network upgrades proportional to how much $KSM you have staked.

What Makes Kusama (KSM) Unique?

Kusama is built for developers who want to develop their projects quickly and with ambitious plans. Kusama uses a nominated proof of stake (NPoS) consensus mechanism. It is built on a multichain and has a vastly different sharded design that doesn’t require a fork for fast on-chain upgrades. It supports XCMP (cross-chain message passing) communication with multiple parachains on the Kusama network.

The on-chain governance is permissionless and decentralized, so you can vote on governance proposals if you hold $KSM tokens. The Kusama governance process is around four times faster than Polkadot, with a conclusion in 15 days. The rapid speed means that projects can develop quickly on the Kusama network. Hence the popularity for start-ups that want to hit the ground running and don’t want the inconvenience of implementing a fork for upgrades and improvements.

How and Where to Buy Kusama (KSM)?

You’re interested in investing in Kusama (KSM) but might be feeling baffled about which cryptocurrency exchange is the best for you. Binance is a leading crypto platform with a wide range of markets and tokens and excellent trading volume: –

  1. Visit Binance’s official website and create an account
  2. Upload the requested documents for ID verification
  3. Use your Visa or Mastercard to deposit funds, or, if you prefer, you can deposit with a wire transfer or cryptocurrency
  4. Once you have funded your account, click on “exchange” and select a $KSM currency pair: KSM/USDT, KSM/BTC, KSM/BUSD, KSM/ETH & KSM/BNB
  5. Send your $KSM tokens to your crypto wallet. You can download Trust Wallet from Binance or use any wallet supporting Kusama (KSM) tokens

How do I Sell Kusama (KSM)?

  1. Login to your crypto wallet and locate the “trade” button
  2. Sell you $KSM tokens for a popular stablecoin like $USDT
  3. Create an account with an off-ramp platform like Coinbase or Gemini and transfer the $USDT to one of these exchanges
  4. Look for the “trade” tab and sell the “USDT for a fiat currency, which you can then withdraw to your bank account.

Should I Buy Kusama (KSM)?

It’s essential to base your decision on your knowledge and experience investing in cryptocurrencies because we cannot offer financial advice. Research the Kusama project and perhaps become a member of its social media community. Once you feel confident and are ready to buy $KSM tokens, we recommend purchasing from an established, reliable cryptocurrency exchange like Binance, Gate.io, or Kraken.

How do I invest in Kusama (KSM)? Safely?

Financial experts suggest investing only as much as you are comfortable losing, and for the cryptocurrency market, that’s good advice. It’s a highly volatile market, sometimes with significant price swings, often daunting for crypto newbies. If you’re happy to accept these risks and are ready to purchase Kusama (KSM) tokens, open an account with a trusted exchange like Binance, Gate.io, or Kraken.

Gate.io has an exchange and cold storage wallet, but Kraken does not provide a wallet service, so you need to set up an external wallet to connect to the exchange.

$KSM token pairs listed on Gate.io and Kraken exchanges

  • Gate.io – KSM/USDT
  • Kraken – KSM/USD, KSM/EUR, KSM/XBT, KSM/DOT & KSM/ETH, KSM/GBP, KSM/AUD