How to Buy Kusama (KSM) in Australia

A Step-by-Step-Guide on how to buy Kusama (KSM) in Australia

Step 1 – Signup to Coinmama

In the beginning you'll need to buy one of the top-tier coins. Exchanges commonly accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your Bitcoin (BTC) or Ethereum (ETH).

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Bitcoin or Ethereum will need 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 example. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Follow our guide).

Step 3 – Locate {Kusama (KSM)|(KSM) Kusama}

Once your deposit has been affirmed, you will immediately have access to your funds and you can begin buying and trading. To buy {Kusama (KSM)|(KSM) Kusama} on Binance, you will want to go to the ”Exchange” tab and then mouse click on “Basic”.

To locate {Kusama (KSM)|(KSM) Kusama}, you will need to put the shortname of the coin (KSM) into the search-box, which is marked in the image. Be certain of having choosen the correct pairing, we have marked this too. Click on “KSM/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Kusama (KSM)
Step 4 – Buying {Kusama (KSM)|(KSM) Kusama}

Once you have discovered {Kusama (KSM)|(KSM) Kusama}, you'll be given a Chart with Prices (in the Center of the image) and some Order Books (Leftside of the image). Next we are going to make our Limit Order.

The ”Price” field will be filled automatically with the most recent rate {Kusama (KSM)|(KSM) Kusama} was traded for. You can change this to your preferred rate. The ”Amount” field is the amount of KSM you like to purchase. The ”Total” field is the aggregated price in Bitcoin that you will settle for the whole amount of KSM.

If you are happy, make a mouse click on “Buy KSM”. Your plan will be filled as soon as a Vender trades their KSM for the price you introduced.

Step 5 – Withdraw {Kusama (KSM)|(KSM) Kusama}

Unless you are frequently trading, never keep your crypto on an Crypto Trader for an longer time frame. To withdraw your {Kusama (KSM)|(KSM) Kusama}, go to the ”Funds” tab and mouse click on “Withdraw”. {Kusama (KSM)|(KSM) Kusama} can be safely stored using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Kusama (KSM)|(KSM) Kusama} by using the given drop-down box. Put into the quantity of {Kusama (KSM)|(KSM) Kusama} you'd wish to withdraw. Don't forget the displayed fees/minimums. Also make sure you have filled your precise withdraw address.

When you are glad, click “Submit”. You could be requested for verfication via email/phone ahead of a withdrawal.

Kudos! You've successfully purchased and safed Kusama (KSM) in Australia.

That's it!

Withdrawals from Crypto Trader can durate between 1 – 30 minutes (depending on network usage). Once you've confirmed your take off with Etherscan.io or Ethplorer.io and the {Kusama (KSM)|(KSM) Kusama} is stored in your wallet, you are all done.

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