How to buy Kusama (KSM)

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{"id":"kusama","active":null,"symbol":"ksm","name":"Kusama","marketRank":"219","releaseDate":"null","consensusMethod":null,"algorithm":"null","mineable":null,"targetFiat":null,"marketCap":297919451,"price":"19.06","change24h":"-0.6037548551852","percentChange24h":"-3.06993","priceTimestamp":"2024-10-22T04:41:56.518Z","ohlcStart":null,"ohlcEnd":null,"ohlc0":null,"ohlc1":null,"ohlc2":null,"ohlc3":null,"ohlc4":null,"ohlc5":null,"ohlc6":null,"ohlc7":null,"customIntro":"In the words of the development team, \\\"Kusama is an early, unaudited and unrefined release of Polkadot.\\\" It's basically a live version of a test network for Polkadot, where parachains, dapps and staking can be done for a fraction of what it would cost to do on Polkadot. Features intended for Polkadot are first rolled out on Kusama, which has made it appealing to some as an experimental economy that may continue to hold value over time. The KSM token is used for staking on the network, which allows stakers to launch Validator or Nominator nodes \u2013 these are used to secure the parachains and the Kusama relay chain respectively. In return for staking, users are rewarded with additional KSM tokens. Tokens may also be used for governance and voting on upgrades to the protocol.","customVerdict":"Kusama is an experimental test ground for features intended for the Polkadot blockchain network. Make sure you fully understand the risks before using Kusama or buying the token:|Experimental: Kusama the 'Canary' network for Polkadot, meaning it is used to test features and discover vulnerabilities in code changes, dapps and economics before they are migrated to Polkadot. As such, any dapps or DeFi services on Kusama are likely to carry a lot more risk than those on Polkadot or any other base-layer network.|Tokenomics: The token is used for network payments, setting up new parachains and is staked to validate the network. The total supply of tokens is 10 million. New tokens are awarded for validating the network.|Competitors: Kusama is the test network for Polkadot, which makes the two complementary but also competitors. One of the advantages the test network has over Polkadot is that it is cheaper to deploy dapps and set up new parachains. Polkadot on the other hand is a lot more secure and expensive due to its strict requirements for protocol upgrades and staking requirements.","customTeamMembers":"Gavin Wood","customPartnerships":"Polkadot","customTokenUses":"Governance","customIndustry":"Blockchain platform","customNetwork":"Kusama","customSourcebox":"","image":null,"dataType":null,"maxSupply":"null","totalSupply":"15618905.8260843","circulatingSupply":15618733.2393199,"totalVolume24h":"16910769","high24h":"19.85","low24h":"18.83","atl":"0.876572","atlDate":"2020-01-14T19:20:20.768Z","atlPercentChange":"2075.78068","ath":"621.71","athDate":"2021-05-18T05:04:41.858Z","athPercentChange":"-96.93226","percentChange7d":"1.29712","percentChange14d":"3.51561","percentChange30d":"-9.03175","percentChange60d":"-7.62139","percentChange200d":"-54.77355","percentChange1y":"5.9659","marketCapChange24h":"-8177947.911443","marketCapPercentChange24h":"-2.67168","percentChange1h":"-0.0271","developments":"October 2021*Kusama Council passed Motion 377, scheduling the next 48 parachain auctions on the network.* https:\/\/cryptoslate.com\/kusama-ksm-council-announces-early-start-for-parachain-auctions\/|June 2021*The first Kusama parachain slot has been auctioned off, with the first parachains connected to the Kusama relay chain.*https:\/\/polkadot.network\/blog\/the-first-parachains-launch-on-kusama","website":"Finder.com","tableCode":"99bafcdf-b60e-4bad-8e0b-c33d1585a6c5","locale":"en_us","country":"the US","curName":"US dollar","curCode":"USD","curSym":"$","alise":"alize","mise":"mize","isation":"ization","iarise":"iarize","vour":"vor","okenised":"okenized","url":"\/","facebookLikes":null,"redditAccountsActive48h":null,"redditAverageComments48h":null,"redditAveragePosts48h":null,"redditSubscribers":null,"telegramChannelUserCount":null,"twitterFollowers":null,"fcyProducts":["70159169-0a75-48d2-aee4-ac739c63a529","27a1d51c-5114-4e22-bf0c-4cc0ec165377","c9bdb576-482b-4863-98d2-3ede1954dddd","758d1778-c3a4-47f5-8030-103db4e8da64","e8d983e4-41a6-40fc-97f3-fbc09d9429b5","3d3e6b96-15b6-43f1-a463-70fe53a6a1c4","a5c8f640-54d3-409e-a4eb-fc7c00c660bf","16a9263c-4ece-4e62-82a9-ed51113e5308","ea9d5b5c-1b53-48c9-82d4-02a72d33f0d5","a28659d2-adb9-42aa-a632-96d138c28da1","00488f6a-8a30-4a21-b9a0-54a12b399f69","77d72b8a-ee98-48d5-8e81-0e3452964d86"],"tableCheck":"tableTrue","assetPlatform":"null","nontable":"","chartTest":"no","technicalTest":"no","tradingSymbol":"ksmUSD"}

Kusama (KSM) is in the top 1,000 cryptocurrencies by market cap, valued at $297,919,451.

Kusama is a highly volatile asset capable of major price swings in a single day. Today KSM is trading for $19.06, which is slightly down from yesterday's trading price of $19.66. Kusama's seen an increase of 6% over the past year.

So before you buy Kusama, make sure you understand these unique risks as well as its legal, regulatory and tax status here in the US.

If you're ready to get started, read on for step-by-step instructions and a list of platforms you can buy Kusama.

How to buy Kusama in 5 steps

The whole process can take as little as 15 minutes and all you'll need is a smartphone or computer, an internet connection, photo identification and a means of payment.

Compare crypto exchanges
The easiest way to buy Kusama is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, ease of use or 24-hour customer support.
Create an account
To create an account on an exchange, you will need to verify your email address and identity. Have some photo ID and your phone ready.
Make a deposit
Once verified, you can deposit USD using the payment method that best suits you – cryptocurrency, bank and card payments are widely accepted.
Buy Kusama
You can now exchange your funds for Kusama. On beginner-friendly exchanges, this is as simple as entering the USD or KSM amount you want to purchase and clicking "buy".
Secure your Kusama
Consider transferring your KSM to a personal crypto wallet to protect against some of the risks of keeping it on an exchange, such as hacks, scams or platform bankruptcy.

Where to buy Kusama

Find an exchange to buy, sell and trade KSM by comparing deposit methods, supported fiat currencies and fees. Select Go to site to sign up directly with the provider.

1 - 5 of 8

Name	Product GXFCY	Deposit methods	Fiat currencies	Cryptocurrencies	Offer	Disclaimer	Go to site
OFFER Uphold - Digital Asset Platform Uphold - Digital Asset Platform	OFFER	Bank transfer, Credit card, Debit card, Bank transfer (SEPA), Apple Pay, Google Pay	27	252	Refer a friend to earn US$20 — $10 for you and $10 for the person you refer. T&Cs apply.	Terms apply. Cryptoassets are highly volatile. Your capital is at risk.	Go to site Capital at risk View details Compare	loading Fetching your data...
OFFER eToro USA LLC Cryptocurrency Trading eToro USA LLC Cryptocurrency Trading Finder Award	OFFER	Bank transfer, Debit card, PayPal, Wire transfer	6	105	Get $15 when you sign up and deposit $100 in your eToro account. T&Cs apply.	Disclaimer: eToro USA LLC does not offer CFDs and makes no representation and assumes no liability as to the accuracy or completeness of the content of this publication, which has been prepared by our partner utilizing publicly available non-entity specific information about eToro. Your capital is at risk.	Go to site Capital at risk View details Compare	loading Fetching your data...
EXCLUSIVE Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange Finder Award	EXCLUSIVE	Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT, ACH online banking	6	261			Go to site Capital at risk View details Compare	loading Fetching your data...
EXCLUSIVE Paybis Cryptocurrency Exchange Paybis Cryptocurrency Exchange	EXCLUSIVE	Bank transfer, Credit card, Debit card, Neteller	42	357	Finder Exclusive: Get 25% discount on all commission for 1 transaction when using promocode Finder25. There is no time limit on the validity of the promo code.	US residents: Restricted in the following states - NY, CT, NM, WA, HI, AL, VT, FL, AK, NV.	Go to site Capital at risk View details Compare	loading Fetching your data...
Coinbase Digital Currency Exchange Coinbase Digital Currency Exchange Finder Award		Bank transfer (ACH), Debit card, PayPal, Wire transfer, Apple Pay, Google Pay	23	248			Read review Capital at risk View details Compare	loading Fetching your data...

Disclaimer: Star ratings are only displayed for products with 10 or more reviews.

How we keep this Kusama guide up-to-date

KSM price data is regularly updated through data feeds so you always have the latest information.
Kusama performance data is regularly updated using automated comparisons.

How do I find the best places to buy Kusama?

Cryptocurrency exchanges offer similar services, but differ in a few key ways – mainly fees, the range of cryptos available and payment methods. You can use our table to compare the features of popular cryptocurrency exchanges available in to help you choose the one that's right for you.

Some other factors you may want to consider are customer support, user reviews, ease of use and whether or not the exchange is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review page.

What will I need to buy Kusama?

To create an account on any cryptocurrency exchange you will need an email address. Some exchanges may also ask for a phone number and photo ID, so it's a good idea to have those ready.

An increasing number of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trading Kusama.

This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing KSM with your local currency then you will need to pass KYC.
Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.

What are the best ways to buy Kusama?

Once you've created an account, you will need to deposit funds to buy KSM with. You can either deposit local currency from a bank account or credit card, or transfer cryptocurrency from another exchange or wallet. Here are some popular ways to to buy KSM:

Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on 'view details'.
Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
Cryptocurrency: You can usually purchase KSM by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for KSM on the spot market to see what cryptocurrencies it can be traded for.

What is the easiest way to buy Kusama?

The easiest way to buy KSM is by placing an 'instant buy' order to purchase it for a fixed price but not all crypto exchanges offer this feature.

Alternatively, you can open a trade on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the instant buy feature is straightforward but typically more expensive than using the spot market.

Best Kusama wallets to store your KSM

You can keep your KSM on the exchange you purchased it on, or move it to a personal wallet:

Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can take a look at some of our top hardware wallet picks for self-custody of your KSM below.

Trezor Model T Wallet
★★★★★ 4

Price (USD)

$149

Supported assets

1,000+

Go to site

Ledger Nano X Wallet
★★★★★ 4.6

Price (USD)

$149

Supported assets

5,500+

Go to site

SafePal S1 Wallet
★★★★★ 4

Price (USD)

$49.99

Supported assets

30,000+

Go to site

Disclaimer: This page is not financial advice or an endorsement of digital assets, providers or services. Digital assets are volatile and risky, and past performance is no guarantee of future results. Potential regulations or policies can affect their availability and services provided. Talk with a financial professional before making a decision. Finder or the author may own cryptocurrency discussed on this page.

Is Kusama a good investment?

Kusama is an experimental test ground for features intended for the Polkadot blockchain network. Make sure you fully understand the risks before using Kusama or buying the token:

Experimental: Kusama the 'Canary' network for Polkadot, meaning it is used to test features and discover vulnerabilities in code changes, dapps and economics before they are migrated to Polkadot. As such, any dapps or DeFi services on Kusama are likely to carry a lot more risk than those on Polkadot or any other base-layer network.
Tokenomics: The token is used for network payments, setting up new parachains and is staked to validate the network. The total supply of tokens is 10 million. New tokens are awarded for validating the network.
Competitors: Kusama is the test network for Polkadot, which makes the two complementary but also competitors. One of the advantages the test network has over Polkadot is that it is cheaper to deploy dapps and set up new parachains. Polkadot on the other hand is a lot more secure and expensive due to its strict requirements for protocol upgrades and staking requirements.

Today's Kusama price versus ATH

Compare today's price of Kusama ($19.06 USD) against its all-time high (ATH) price of $621.71 on May 18, 2021. The closer the bar is to 100%, the closer KSM is to reaching its ATH again.

Current price: $19.06

All time high: $621.71

96%

How do I trade, convert or sell Kusama?

You can convert or sell your KSM with the same exchange you bought it through:

Sign in to the exchange you have KSM on.
If you store your Kusama in a digital wallet, compare crypto exchanges to convert or sell it on.
Choose Sell or Convert and place a sell order.
Choose the amount of KSM you'd like to convert or sell.
Confirm the sell price and fees and close your sale of Kusama.
Complete your transaction and move your KSM to a wallet for storage.

How to buy other cryptos

Disclaimer: Cryptocurrencies are speculative, complex and involve significant risks – they are highly volatile and sensitive to secondary activity. Performance is unpredictable and past performance is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this information. You should also verify the nature of any product or service (including its legal status and relevant regulatory requirements) and consult the relevant Regulators' websites before making any decision. Finder, or the author, may have holdings in the cryptocurrencies discussed.

Whether products shown are available to you is subject to individual provider sole approval and discretion in accordance with the eligibility criteria and T&Cs on the provider website.

1 - 6 of 11

Name	Deposit methods	Fiat currencies	Cryptocurrencies	Disclaimer	Go to site
Binance Cryptocurrency Exchange Binance Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, P2P	71	370		Go to site Capital at risk View details Compare	loading Fetching your data...
KuCoin Cryptocurrency Exchange KuCoin Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, PayPal, P2P	50	743		Go to site Capital at risk View details Compare	loading Fetching your data...
Bybit Cryptocurrency Exchange Bybit Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, P2P	73	279	Disclaimer: Highly volatile investment product. Your capital is at risk.	Go to site Capital at risk View details Compare	loading Fetching your data...
Gate.io Cryptocurrency Exchange Gate.io Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card	8	1607		Go to site Capital at risk View details Compare	loading Fetching your data...
Kraken Cryptocurrency Exchange Kraken Cryptocurrency Exchange	Bank transfer, Credit card, Cryptocurrency, Debit card, Apple Pay, Google Pay, SWIFT	8	222		Go to site Capital at risk View details Compare	loading Fetching your data...
OKX Cryptocurrency Exchange OKX Cryptocurrency Exchange	Bank transfer, Cryptocurrency, iDEAL, PayPal, POLi, SEPA, Faster Payments (FPS)	35	338		Go to site Capital at risk View details Compare	loading Fetching your data...

Bybit Cryptocurrency Exchange

Offers leverage and derivative trading
Supports EUR, GBP and CHF
Licensed to operate in all European countries

Go to site

Disclaimer: Highly volatile investment product. Your capital is at risk.

Binance Cryptocurrency Exchange (Not available to US users)

Supports over 300 crypto assets
Binance Pay enables users spend their crypto
Binance P2P supports multiple African fiat currencies

Go to site

Binance Cryptocurrency Exchange (Not available to US users)

Supports over 300 crypto assets
Binance Pay works with Credencial Payments to support crypto payments
Binance P2P supports five Latin American fiat currencies

Go to site

Bybit Cryptocurrency Exchange

Supports leverage and derivative trading
Supports 300 spot trading pairs
Low-to-non-existent trading fees

Go to site

Disclaimer: Highly volatile investment product. Your capital is at risk.

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How to buy Kusama (KSM)