Quick summary: Our recommendation is to use the crypto exchange Swyftx to buy Kusama. They have over 300 cryptocurrencies available, have a fantastic app and great customer support. You also get $20 free BTC once you start trading!

Sign up with Swyftx

Kusama

Australia has a good number of trusted and regulated cryptocurrency trading platforms, so it’s quite easy finding an exchange that has Kusama. While each one comes with its own feature-set and fee structure, most crypto exchanges function very similarly when it comes to buying crypto.

Let’s get into it!

How to Buy Kusama in Australia

There are only 4 main steps involved and it’s pretty straightforward:

  1. Choose a crypto exchange
  2. Sign up with the exchange
  3. Fund your account with AUD
  4. Buy Kusama

1. Choose a crypto exchange

As mentioned above, we have plenty of options when it comes to Australian crypto exchanges. While that’s great, you ideally want to do a bit of research so you can use one that has a decent fee structure and more importantly, has Kusama in its list of cryptocurrencies.

Personally, we really like Swyftx, they have over 300 cryptocurrencies, a very smooth process for buying crypto, and their support team has been fantastic.

And if you sign up through our site, you’ll get 20$ worth of free BTC once you start trading, which is always nice.

So for this guide on buying Kusama, we’ll be using Swyftx as the exchange to go through. Any exchange would work of course, as long as they offer Kusama.

It’s also possible to check out our comparison of the best places to buy crypto if you’re looking to learn more about which exchanges we would recommend.

2. Sign up with the crypto exchange

Once you’ve decided on which exchange to use, it’s time to sign up.

Sign up with Swyftx and grab $20 free BTC.

Swyftx has a very streamlined sign-up process in place. The first step is to fill in the sign-up form.

Next up is to go through their basic verification process, called a KYC, which is required by law here in Australia. This should be very quick and easy.

Once done, it’s time for the next step.

3. Funding your account with AUD

To buy Kusama, you first need to transfer AUD to your Swyftx account using one of the many deposit methods available. From bank transfer to PayID, POLi pay and credit cards, plenty of options to choose from.

Swyftx Deposit Methods

4. Buy Kusama

The final step is to go to their asset list, find Kusama, navigate to the buy section, and then trade your AUD for some KSM. Once you’ve bought Kusama, you can track how much you’ve gained or lost either in the app (they have a great app), or on desktop on the left-hand side under your cryptocurrency list.

Where to Buy Kusama (KSM)

ExchangeRatingCryptocurrenciesSite
Swyftx logo5/5300+ cryptocurrenciesVisit Swyftx
CoinSpot logo4/5200+ cryptocurrenciesVisit Coinspot
binance logo3/5400+ cryptocurrenciesVisit Binance

Disclaimer: Trading, investing, and dealing with digital and cryptocurrencies might involve a lot of risks. Their prices are volatile and performance is unpredictable. Their past performance is no guarantee of future performance.

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How to Sell Kusama

If you’re thinking about selling Kusama, just follow the steps below.

  1. Sign in to the crypto trading platform (like Swyftx).
  2. Click on Kusama in your list of cryptocurrencies, or find your trading account if you’re using an exchange with different accounts.
  3. FInd the sell section and sell Kusama for AUD, or trade it for another cryptocurrency.

Frequently Asked Questions

Is buying Kusama in Australia legal?

Yes, you can legally buy and trade cryptocurrencies in Australia. We do of course recommend only using crypto exchanges regulated by AUSTRAC.

How to buy Kusama with PayPal?

Unfortunately, most crypto exchanges in Australia don’t support PayPal. The only exchange that you could use is eToro, but their cryptocurrency list is quite limited so you might not find Kusama. Have a look on their site first, you might be lucky.

How to buy Kusama with a credit card or debit card?

Most top exchanges support buying crypto with a credit or debit card. We would recommend Swyftx to buy Kusama with your credit/debit card.

About Kusama

Kusama is also known as "PolkadotaEUR (tm)'s wild cousin" and is an experimental blockchain platform. It is designed to be highly interoperable with developers and scalable.

Kusama was created using Substrate (a Parity Technologies-developed blockchain-building tool). Polkadot is one of the most widely used interoperable blockchains. Kusama has the same codebase as Polkadot.

Kusama makes it possible for fast-paced projects with access to a highly scalable, interoperable sharded networking network with features that are not available on Polkadot. Kusama can be used as a "canary network".

Developers who are interested in creating and deploying their own blockchains can use this platform. This platform can be used to launch Polkadot's first product, but many projects prefer Kusama.

Kusama's parachain deployment barrier and bond requirements for validators are low. It is used most frequently by companies in their early stages and for experimentation.

Kusama is an innovative blockchain platform that was created for developers who want bold, ambitious projects to be launched quickly.

It is built on a multichain, heterogeneously-sharded design that uses a nominated proof-of-stake (NPoS) consensus system -- an alternative consensus mechanism to the energy intensive proof-of-work (POW) scheme employed by several other blockchains.

This allows it to upgrade on-chains quickly without using a fork. It supports cross-chain messaging passing (XCMP), which allows communication between parachains on Kusama’s network.

Like Polkadot, Kusama has on-chain governance capabilities. Decentralized and unrestricted, on-chain governance can be done. Anybody can vote on governance proposals using Kusama tokens or parachain tokens. These include protocol modifications, putative upgrades and feature requests. On-chain governance is four times faster that the Polkadot process and takes just 15 days to complete voting and enactment. This allows Kusama projects to develop at a rapid pace.

This project supports projects who are keen to get off to the ground and launches updates and improvements, without needing to implement a fork. It ensures maximum community cohesion.

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