How to Buy Kusama (KSM) in 4 Easy Steps

Price updated 3 mins ago

Quick Answer:

You can buy Kusama and have it in your wallet in less than one hour in 4 simple steps:

  1. Find the best exchange that sells Kusama.
  2. Register a new account.
  3. Fund your account.
  4. Buy Kusama.
KSM
$30.413258020538

These steps are simple if you know where to buy Kusama cryptocurrency -- but knowing where to buy is the hard part.

Many cryptocurrencies are only offered on less well-known exchanges, and finding the best place to buy Kusama (KSM) and then figuring out if that exchange is trustworthy is more than most people - even experienced crypto traders - can handle!

We've done all the hard research for you. Let's get started.

Step 1Find the Best Kusama Exchange

Ultimately, doing your own research in crypto is the best way to learn the processes of moving your money, finding promising investment opportunities, and buying and selling cryptocurrencies.

We have done years of work to make this as simple as possible for you.

Why You Should Trust Our Recommendations

346

We started with 346 crypto exchanges.

We start by evaluating our comprehensive list of 346 exchanges that we have spent 7+ years and 600+ hours gathering data on.

49

Only

49

of these exchanges sell Kusama.

We then filter down the entire set of possible marketplaces to only the ones that have active KSM markets.

27

Only

27

of these exchanges have $100m in daily trade volume.

We then remove any exchanges that don't have adequate trading volume to make buys and sales of all sizes.

8

Only

8

remaining exchanges received a 7/10 Trust Score.

We give each exchange a trust review rating using history, longevity, proof of reserves, and reputation.

1

Apply our editorial review process to rank the remaining exchanges.

We manually review the remaining candidates to declare a winner.

The Winner is Coinbase

VISIT Coinbase Read Review
Reasons we ♥ Coinbase
Low fees
Educational incentives
Quick withdrawals
CRYPTOCURRENCIES: 238
FUNDING:
Bank Transfer (ACH)
,
Debit Card
,
Wire Transfer
,
Paypal
,
Apple Pay
,
Google Pay
,
SEPA
,
EFTCAD
,
Interac
,
SGD Transfers
,
3D Secure Card UK
,
Easy Bank Transfer UK
,
Faster Payments UK
,
Instant Card Cashouts UK
,
PayPal UK
,

Step 2Register Your New Account

  1. Prepare Personal Information: Collect your personal details, including your name, address, and documents for identity and address verification.
  2. Create an Account: Visit the Coinbase Pro website, click "Sign Up," and provide your name, email address, and country of residence. Then, create a secure password and, if desired, set up two-factor authentication with your phone number.
  3. Agree to Terms: Read and agree to the user agreement and privacy statement.
  4. Verify Identity: Complete a two-step identity verification process by uploading a government-issued ID (passport, driver's license, or national ID card) and taking a selfie to confirm the validity of the photo ID.
  5. Wait for Approval: Wait for Coinbase Pro to review and validate the documents, which can take up to 48 hours, followed by immediate account verification upon approval​​.

Step 3Fund Your Account

Once you have registered or logged in to your account at , there are several funding methods you can use to buy Kusama cryptocurrency.

You can buy Kusama on using:

Please select listing to show.

  • Bank Transfer (ACH) 3-5 business days processing time
  • Debit Card Instant processing time
  • Wire Transfer 1-3 business days processing time
  • Paypal Instant processing time
  • Apple Pay Instant processing time
  • Google Pay Instant processing time
  • SEPA 1-3 business days processing time
  • EFTCAD 3-4 business days processing time
  • Interac Instant processing time
  • SGD Transfers 2-3 business days, Same day for a fee processing time
  • 3D Secure Card UK Instant processing time
  • Easy Bank Transfer UK Less than 2 hours processing time
  • Faster Payments UK 1-3 business days processing time
  • Instant Card Cashouts UK Instant processing time
  • PayPal UK Instant processing time

Step 4Buy Kusama (KSM)

After registering and funding your account at , you should be able to buy Kusama after your deposit finishes processing. After you receive your KSM, make sure to secure it and follow best security practices to avoid losing it scams or hacks.

Best Kusama Exchanges

Kusama is also available on these exchanges:


Frequently Asked Questions

Yes, Kusama is safe to buy. It is listed for trade on some of our top-rated exchanges including Zengo, Binance, Coinbase, Kraken, KuCoin, Bybit, OKX, Gate.io, BingX.

You can buy Kusama instantly at Zengo, Binance, Coinbase using their instant buy feature or a credit card.

Yes you can buy less than one (1) KSM. Cryptocurrencies in general are divisible to 16 decimal places.

To buy Kusama, you will need to deposit funds into your exchange account - which usually has no fees - and then buy KSM, which will incur a trading or purchase fee; usually 0.1-3% depending on the exchange.

You can buy $1 of Kusama at Zengo, Binance, Coinbase.

Kusama Investment & Buying Guide

Diving into the dynamic realm of digital assets, you’ve likely encountered the usual suspects. But there’s a unique player that’s piqued the curiosity of savvy investors: Kusama. It’s a network that’s turning heads with its bold approach to blockchain innovation and governance.

Kusama stands out with its ‘canary network’ concept, where developers test the waters before launching on its cousin, Polkadot. It’s not just a testing ground though; Kusama is a fully-fledged, interoperable blockchain with its native cryptocurrency, KSM, fueling the ecosystem.

If you’re looking to stay ahead in the crypto game, understanding Kusama’s intricacies is key. It’s a platform that embodies risk-taking and rapid evolution, traits that could redefine your crypto portfolio’s potential.

What is Kusama Cryptocurrency?

Kusama is a public pre-production environment for Polkadot; think of it as a sandbox where developers play and innovate with blockchain protocols. KSM, Kusama’s native token, fuels this playground, rewarding validators and stakeholders for their participation in the ecosystem.

How Does Kusama Compare to Other Cryptocurrencies?

Kusama stands out with its cutting-edge experimental culture, which gives it a unique edge over more conservative cryptocurrencies. Most other digital assets favor stability, which can slow down their evolution and implementation of new features.

With its fast-paced governance model, Kusama implements changes that might take longer on older blockchains like Bitcoin or Ethereum. Rapid iteration means Kusama can adapt quickly to the market’s needs and integrate innovative tech sooner than its peers.

Whereas Polkadot focuses on reliability, Kusama embraces high-risk protocols and projects potentially leading to high reward scenarios for its users. This appeals to a specific investor segment that’s attracted to the potential of early-stage innovation in the crypto space.

Kusama offers lower barriers to entry for blockchain developers compared to its contemporaries. This means that newer, perhaps smaller, teams with limited resources can deploy their ideas without the need for substantial backing or influence.

Unlike many established cryptocurrencies, Kusama provides a real-world testbed that allows for continuous deployment and testing. This bridges the gap between the traditional testnet and mainnet environments seen in other cryptocurrency ecosystems.

In terms of consensus mechanisms, Kusama employs nominated proof-of-stake (NPoS), which is more energy-efficient than Bitcoin’s proof-of-work (PoW). This advanced protocol not only conserves resources but also scales effectively as the network grows.

Kusama’s lower transaction fees and higher transaction speeds set it apart from networks troubled by congestion and high costs. It offers users a smoother and more economical experience — a vital factor for adoption and utility.

The network maintains a significant community engagement and governance process where KSM holders have a say in decision-making. Most cryptocurrencies are not as democratic, often placing power in the hands of a few large stakeholders or development teams.

Kusama History & Growth

Kusama was unveiled by Dr. Gavin Wood, co-founder of Ethereum, in 2019. It emerged as a canary network to its cousin Polkadot, focusing on fast-paced innovation.

KSM tokens, the platform’s currency, were initially distributed to holders of Polkadot’s DOT tokens. This initial push helped to quickly establish a widespread and active community.

The growth of Kusama has been nothing short of impressive. By embracing early-stage projects and offering a low-cost, real-world proving ground, it attracted a flurry of developer activity.

Innovative features like on-chain governance, upgradeability, and multichain architecture have drawn in a diverse array of projects. These range from DeFi to smart contracts and even NFT platforms.

Market adoption mirrored Kusama’s functionality expansion. The network has processed millions of transactions, showcasing its resilience and performance.

As Kusama continues to evolve, its role in the blockchain ecosystem remains vital. It serves as a testament to the power of a community-driven development approach in the crypto space.

Buying Kusama with Different Payment Methods

Buying Kusama with a Credit Card

You can purchase Kusama (KSM) with a credit card on most cryptocurrency exchanges. This method is widely favored for its immediate transaction process.

Buying Kusama with a Debit Card

Debit card purchases are similarly straightforward and are supported by numerous platforms. You’ll typically have lower transaction limits compared to credit cards.

Buying Kusama with Apple Pay

Select crypto trading platforms offer Apple Pay integration for KSM purchases. This provides a quick and secure method to buy Kusama using your Apple devices.

Buying Kusama with Paypal

PayPal users have the advantage of buying Kusama through services that support PayPal payments. The ease of PayPal’s one-click buying process simplifies crypto transactions.

Buying Kusama with a Bank Transfer

A bank transfer is a cost-effective way to acquire Kusama. It’s ideal for large-volume purchases due to lower fees, though the transaction speed varies depending on your bank.

Keeping Your Kusama Safe

After securing your Kusama tokens, it’s crucial to store them safely to prevent unauthorized access and potential losses. Here’s how you can keep your investment secure with different types of wallets.

Software Wallets

Software Wallets are applications that store your Kusama tokens on your mobile device or computer. They’re convenient but remember, your tokens’ security is as strong as your device’s security. Regularly update your software wallet to safeguard against vulnerabilities.

Beware of phishing attacks by always verifying wallet addresses and using official wallet apps. Multi-factor authentication adds an additional layer of security, greatly reducing the risk of unauthorized access. Choose software wallets with built-in encryption and backup options to prevent loss of funds due to device failure.

Hardware Wallets

With Hardware Wallets, your Kusama tokens are stored offline, which makes them less susceptible to online hacking attempts. They resemble USB drives but are built specifically to handle cryptocurrencies securely. Always purchase hardware wallets from official sources to avoid tampering risks.

Consider using a hardware wallet for larger holdings as your “savings account” of sorts, withdrawing only what you need into a software wallet. Regularly back up your hardware wallet to multiple secure locations like encrypted drives or safety deposit boxes. Keep your recovery phrase in a secure location—it’s the only way to access your funds if your wallet is lost or damaged.

Selling & Withdrawing Kusama

When you’re ready to sell your Kusama (KSM), the process is straightforward. Choose a reputable exchange, create an order, and sell KSM for your preferred currency.

To withdraw fiat money after selling KSM, verify that the exchange supports your desired withdrawal method. Options typically include bank transfers, PayPal, and credit cards.

Bear in mind withdrawal limits and processing times when cashing out. These are set by exchanges and can vary considerably.

Keep an eye on transaction fees. They can eat into your profits, especially if you’re making multiple small transactions.

Remember that market liquidity impacts how quickly you can sell your KSM tokens. High liquidity means faster sales at your expected price point.

Always secure your transaction records. They are crucial for tax reporting and tracking your investment performance over time.

Before initiating a withdrawal, ensure your bank account details are up to date. Incorrect information can result in delayed or returned funds.

Is Kusama a Good Investment?

When deliberating over Kusama as a potential investment, market performance and technology adoption are key factors to consider. Kusama’s price volatility can be an advantage for short-term traders but may pose a risk for those seeking long-term stability. Innovative features such as its “canary network” nature for Polkadot have drawn significant attention, suggesting a growing ecosystem that could bode well for its future value.

With any cryptocurrency, it’s important to assess the team behind it and their roadmap for future development. Kusama’s strong association with Polkadot highlights a skilled team that works on cutting-edge blockchain technology. Continuous updates and community governance further indicate that Kusama is a project with a vision rather than a fleeting trend.

Remember that investing in cryptocurrencies like Kusama carries inherent risks and should align with your risk tolerance and investment goals. Consider diversification to mitigate potential losses; don’t put all your eggs in one basket.

Closely monitor crypto market trends and regulatory news as they can significantly impact Kusama’s price. Your investment strategy should remain flexible to adapt to the dynamic nature of the cryptocurrency markets.

Kusama Price Predictions

Kusama’s market behavior is volatile, which often makes accurate price predictions challenging. Historical data plays a significant role in forecasting, considering Kusama’s past trends and market movements.

Experts analyze several factors such as developer activities, community engagements, and technological advancements on the network. Technical analysis and algorithm-based forecasting tools also inform these predictions, although they’re not foolproof.

Cryptocurrency markets are influenced by wider industry events, possibly affecting Kusama prices. Regulatory changes or a shift in investor sentiment can rapidly alter the crypto landscape.

Recent sentiment analysis shows a mixed outlook, where excitement about technology might push prices up. Yet, market corrections following quick gains could potentially lead to short-term price drops.

To make informed decisions, it’s crucial to stay updated with crypto news platforms and analysts’ insights. Remember to assess how global economic conditions could impact the crypto markets, including Kusama.

Additional Info

Venturing into the world of Kusama means embracing a dynamic investment landscape. You’ve got the tools to navigate the buying, selling, and trading of KSM tokens effectively. Remember to safeguard your financial information and transaction records as you explore this space. Your awareness of Kusama’s market volatility and its potential for both short-term gains and long-term uncertainties will serve you well. Stay informed and vigilant, always considering how global economic shifts could sway the crypto markets. As you chart your course in this evolving ecosystem, keep your investment strategy adaptable, your risk tolerance in check, and your eyes on the horizon for the next wave of crypto developments.

Kusama (KSM)
Price
$30.413258020538
24h Change
0.6
7d Change
-25.9