Kusama is known as the original, unaudited, and raw version of Polkadot, introduced as a cryptocurrency. Launched for many teams and developers to test Polkadot’s governance model, Staking module, and network validation functions, the Kusama network and Kusama Coin have certainly achieved great success, and its effects have been quite positive for both KSM and DOT.
The Kusama network hosts Kusama coin, which ranks as the 51st largest cryptocurrency by total market value. Kusama coin made its name very quickly after being listed on Binance, and this was followed by a rapid increase in both KSM Coin reviews and other questions about KSM Coin. So what is KSM Coin?
What is Kusama Coin?
The clearest answer to the question of what KSM Coin is seems to be that it is a preview or the first version of the Polkadot network. Reviews of KSM Coin are largely focused on Polkadot. The fact that KSM is the first version of Polkadot and technically a testbed is the biggest reason for this.
Before a major change is made on the Polkadot network, it is first tested on the Kusama infrastructure, and based on the results, it is decided whether to implement it on the Polkadot network. The Kusama network, as a blockchain network, has a completely decentralized and permissionless structure and shares the same codes and core code structure with Polkadot.
However, the biggest difference between DOT and KSM appears to be their speeds. Although the block time is the same on the Kusama network as on the Polkadot network, decisions on KSM are made much faster. This actually stems from Kusama’s technical position as a test network for Polkadot. If decisions on the Kusama network were made later, this could delay a potential update to Polkadot significantly.
The Kusama network, which has a completely decentralized structure, is already hosting many leading DeFi projects. Chainlink even recently signed a partnership with the Kusama project and the network continues to grow steadily.
Which Exchange Lists Kusama Coin?
Kusama coin can easily be purchased through the Binance cryptocurrency exchange. In fact, it is known that KSM Coin reviews increased after being listed on Binance and everyone’s attention quickly turned to this project. To buy KSM on Binance, just a few steps will suffice.
Where to Buy KSM Coin?
So how exactly is KSM Coin purchased on Binance? The USDT trading pair owned by KSM Coin actually makes this process quite easy. To make a purchase of KSM on Binance, select the KSM/USDT trading pair and follow these steps:
- To buy KSM, you first need to deposit USD balance on the exchange or purchase a cryptocurrency that can be used instead. To do this, first go to the Binance homepage, click on the “Buy Crypto” option in the upper left, and click on the “Credit/Debit Card” tab.
- In the tab that opens, select how much USD you want to transact with, and mark Tether, that is USDT, in the Coin section.
- After purchasing USDT, preview the “Buy & Sell” option in the upper left again and click on the “Classic” tab.
- In the section that opens, select the USDT tab in the upper right, enter KSM in the search button, and select the KSM/USDT pair that opens below.
- Then go to the middle “BUY KSM” tab, enter the amount you want to buy.
- Enter the desired amount and confirm the transaction to complete the KSM purchase.
