Discover how to buy Kusama (KSM) on an exchange you can trust
Getting started with crypto can feel overwhelming, but learning where and how to buy crypto is simpler than you might think.
Kusama (KSM) is currently at
$6.7700
$0.11400 (+1.68%)
Last updated on --.
How can I buy Kusama on OKX?
Whether you're new to crypto or an experienced trader, you can buy Kusama using the OKX Wallet or Exchange.
Step one
Get OKX
Download the app and sign up in a matter of minutes.
Step two
Fund your account
Deposit funds via bank transfer, credit card, or Apple Pay.
Step three
Choose Kusama
Select Kusama and buy using your chosen method.
Step four
Receive your Kusama
Confirm your purchase and store your Kusama in your portfolio.
What's Kusama?
Kusama is like a playground for blockchain developers. Imagine it as a test track where new ideas can be tried out before they go live on a bigger road. It helps solve the problem of testing new blockchain features safely. Kusama lets developers experiment with new technologies in a real-world environment, ensuring everything works smoothly before wider adoption.
How can I buy Kusama?
1) Create an account on OKX by visiting the website and signing up with your email. 2) Fund your account using a bank transfer, credit card, or other local payment methods available in the United States. 3) Once your account is funded, navigate to the trading section, search for Kusama, and place a buy order by entering the amount you wish to purchase.
Why do people buy Kusama?
People buy Kusama because it allows them to participate in a vibrant ecosystem where new blockchain technologies are tested. Kusama is known for its fast-paced environment, which attracts developers and users interested in innovation. It supports projects that may later be adopted on larger networks, offering a unique opportunity to engage with cutting-edge technology.
Things to know before buying Kusama in the United States
In the United States, cryptocurrencies like Kusama are legal but regulated. Users must complete KYC and AML verification when setting up accounts. Tax implications include reporting capital gains and income from activities like staking. It's important to keep records of transactions for tax purposes and consult a tax professional for guidance on specific obligations.
What are other ways to own Kusama?
Besides buying, users can obtain Kusama through airdrops, where tokens are distributed for free, or by participating in Learn-and-Earn programs. Staking Kusama or contributing to network activities can earn rewards. Providing liquidity or completing tasks like referrals may also offer opportunities to earn Kusama, though each method involves varying levels of effort and risk.
How can I store my Kusama?
To store Kusama safely, consider the risks of loss or theft. Custodial wallets are convenient but rely on third parties, while non-custodial wallets give you full control. Hot wallets are easy to access but less secure than cold wallets, which are offline. Always back up your wallet, keep recovery phrases safe, and use proof of reserves to ensure security after purchase.
Why should I buy Kusama on OKX?
Learn more about the security measures keeping your Kusama safe and readily available.
Proof of Reserves
Our 1:1 reserve ensures your funds will always be available to you.
High liquidity
Our high trading volumes mean deeper liquidity and smoother execution for you.
Transparency
We ensure historical market data is available to you at all times.
Security
We adhere to the strictest global security and compliance standards.
Learn more about how to buy Kusama (KSM)
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How to get Kusama for free
Invite friends, earn rewards
See how you can get free Kusama when you invite friends to trade with you.
Earn APY on your crypto
Earn interest down to every dollar and watch your Kusama grow, for free. Put your crypto to work, 24/7.
See what you can do with your crypto
Now that you’ve mastered the art of buying crypto, check out its potential.
Trade Kusama
Take advantage of price fluctuations and trade your Kusama for other cryptocurrencies.
Send Kusama
Send your Kusama anywhere, anytime with fast, low-cost transfers.
Spend Kusama
Use your Kusama to pay for goods, services, and experiences seamlessly.
Hold Kusama
If you think your Kusama will increase in value, you can hold onto it.
Sell Kusama
Convert your Kusama to cash quickly and securely.
How to buy Kusama (KSM) FAQ
Depending on where you’re located, you can use bank transfer, credit/debit card, or Peer-to-Peer. Read our guide on how to use these different payment methods to buy Kusama KSM safely on a trusted exchange like OKX.
Choose the best exchange to buy Kusama (KSM) depending on your individual needs. Factors to consider when picking the best place to buy Kusama (KSM) include: security measures, platform transparency, fees, and efficient transaction processes. First-time beginners can consider trusted exchanges such as OKX.
Countries and regions differ on how digital assets transactions and holdings are taxed and how they view digital assets in general (money, property, commodity). In general, it is expected that you will pay capital gains tax when selling or swapping Kusama. Refer here for a more detailed guide.
There are exchanges that offer users privacy and do not require verification to complete transactions. However, it is important to exercise caution as such exchanges might be more prone to fraud.
Use a trusted, centralized exchange such as OKX, which offers the ability to buy and sell Kusama (KSM), as well as fiat withdrawal options.
This depends on the method you use to convert Kusama (KSM) to cash. Withdrawals to a bank can take one to three working days to process, while withdrawals to a debit card can be almost instantaneous.
Disclaimer
This is provided for informational purposes only. It is not intended to provide (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets, including stablecoins and NFTs, are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances. Not all products are offered in all regions. For more details, please refer to the OKX Terms of Use and Risk Warning. OKX Web3 Wallet and its ancillary services are subject to separate Terms of Service.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.
You are viewing content that has been summarized by AI. Please be aware that the information provided may not be accurate, complete, or up-to-date. This information is not (i) investment advice or an investment recommendation, (ii) an offer, solicitation, or inducement to buy, sell or hold digital assets, or (iii) financial, accounting, legal or tax advice. Digital assets are subject to market volatility, involve a high degree of risk, and can lose value. You should carefully consider whether trading or holding digital assets is suitable for you in light of your financial condition and risk tolerance. Please consult your legal/tax/investment professional for questions about your specific circumstances.