Kusama is a scalable network of specialized blockchains built using Substrate and nearly the same codebase as Polkadot. The network is an experimental development environment for teams who want to move fast and innovate on Kusama, or prepare for deployment on Polkadot. Kusama was founded in 2019 by Gavin Wood, founder of Polkadot and co-founder and former CTO of Ethereum.
Bitvavo makes it as easy as possible to buy digital assets and cryptocurrencies.
1. Sign Up
Create a free account with which you can buy, sell, send, receive and store Kusama. Access your Bitvavo account from every location, on mobile and desktop.
2. Transfer Funds
Verify your account and transfer Euros to your Bitvavo wallet using one of the 8 supported payment methods.
3. Buy and Trade
Buy or sell over 150 digital assets and pay a maximum trading fee of 0.25%. Store your assets in your Bitvavo wallet or send them to your external wallet.
Storing Kusama and other digital assets requires a wallet, but don’t worry: Bitvavo’s hosted wallet allows you to store Kusama without any technical knowledge. Here is a brief overview of the existing wallet options to store your Kusama:
Hosted wallets are wallets where the private keys to your Kusama are managed by a third party such as Bitvavo. Access to your account is protected by a password and other advanced security features. Once you are logged in, you can easily and conveniently manage your Kusama online. Bitvavo offers standard hosted wallets for all digital assets that are offered on the platform.
A software wallet is a program installed on your computer or other device in order to use and manage your Kusama. Using a software wallet gives you full control over your private keys, so you are not dependent on third parties. The risk is that you alone are in charge of the security of your Kusama, and if malicious parties have access to your device, your private keys (and therefore your Kusama) can be stolen.
A hardware wallet is a physical device on which you can store your Kusama offline. It is one of the safest ways to store your Kusama, because the private keys are stored on a separate and offline device. Access to this device is often protected by a password. In many ways, a hardware wallet can be compared to a safe in which your Kusama is stored.
You can use Bitvavo's hosted wallet to easily store, send and receive Kusama. Once you have purchased Kusama on Bitvavo, you can choose to send your Kusama from your Bitvavo wallet to your own software or hardware wallet.