Binance.US lists Kusama.
- Trade Kusama (KSM) on the KSM/USD and KSM/USDT pairs.
- Buy Kusama (KSM) with Bank Transfer (ACH), Debit Card, or Wire Transfer.
- Deposits and withdrawals are now open for KSM.
Note: This article was last updated on July 20, 2022. Deposits for KSM first opened on July 19, 2022 at 5 a.m. PDT / 8 a.m. EDT. Trading opened 24 hours later, along with the "Buy Crypto" functionality.
*Please note that Binance.US supports KSM Native Chain and BNB Smart Chain (BSC) KSM deposits and withdrawals. We will be unable to recover tokens sent to the wrong network address. For more information on the networks that Binance.US supports, consult our full list of supported assets and networks.
What is Kusama (KSM)?
Kusama is a decentralized and scalable blockchain network that serves as the ‘canary network' of Polkadot, allowing developers to test new blockchains or applications before releasing them on the network. Kusama shares virtually the same codebase as Polkadot, but enables quicker upgrades and more flexibility for developers who want to move fast and deploy later on Polkadot.
The Kusama network allows for the development of two types of blockchains: 1. The relay chain, which is the primary Kusama blockchain where transactions are finalized, and 2. Parachains, which are tailored blockchains that use the relay chain’s resources to confirm the validity of transactions.
KSM is Kusuma’s native utility token intended for the use of 1.) Staking for the operation and security of the network, 2.) Bonding to secure a slot as a parachain, and 3.) Governance.
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