Buy Kusama
in Brazil

Trusted by Kusama buyers, you can buy and trade Kusama in Brazil and 100+ countries on Blocktrade without any fees easily. 

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Learn More about buying KSM in Brazil

How to buy Kusama in Brazil

Is KSM a good investment in Brazil?

Kusama was released in 2019 with an initial price of $1.71. It experienced a price drop very soon after its release, but it never dropped less than $1. Kusama crypto owners might have been disappointed with this price, but 2020 was a surprising year for them because the Kusama price suddenly mounted to $14 in July and ended the year at the price of $60. The Kusama price continued to rise until May 2021, when it reached its highest record of $624.78. That shows how profitable Kusama was in only two years. Kusama had many fluctuations in 2022 and dropped to $28 at the end of the year.

The history of Kusama shows it was a profitable investment. However, it won’t guarantee its profitability in the future. Therefore, you need to check other factors to decide if Kusama is a good investment. One thing that can help you have a broader overview of the future of this coin is checking the price predictions that are made by analysts and crypto experts. Most of them believe Kusama might have good days to come, and its price may go up to $225 by 2025. They also predict that in the long-term it might rise more and mount to $600 again by 2030. However, you should notice that these are just predictions. Your decisions shouldn’t be only on these numbers. Check the news about Kusama the day you decide to purchase it.

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What is Kusama ?

Kusama is a decentralized cryptocurrency network created in 2019. The main purpose of creating such a network was to enable developers to have their dedicated blockchain on this network. It means the Kusama network is a platform for developers to test the projects that are going to run or implement on the Polkadot network. That’s why Kusama is known as the “Canary of Polkadot network.” Although the codes of both look the same, Kusama is much faster than Dot (Polkadot). Kusama and Polkadot are two completely separate networks that work in parallel. One of the benefits of this network is that users can vote for changes on the platform.

Learn more on Kusama official website.

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Is Kusama legal to buy in Brazil?

Yes, it is legal to buy and own cryptocurrencies in Brazil. According to a publication by the
Central Bank of Brazil on the Distributed Ledger Technologies, the benefits of the application of
blockchains is mentioned and the use of blockchain technology is stated as valuable for the
creation of decentralized payment systems, particularly in the form of cryptocurrencies. It is also
stated in the above-mentioned article that cryptography and consensus systems are applicable
to this digital representation of real world assets, as in payment systems.

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Is Kusama taxed in Brazil

Yes. In Brazil, the taxation of cryptocurrency is governed by the federal tax law contained in the
Brazilian Tax Code (Lei n° 5.172/1966) and by additional regulations issued by the Brazilian
Federal Revenue Service. The specific provisions regarding the taxation of cryptocurrency can
be found in Normative Instruction (IN) 1.888/2019 issued by the Federal Revenue Service. This
instruction sets out the rules and procedures for the taxation of cryptocurrency transactions in
Brazil, including the treatment of capital gains, the reporting of cryptocurrency transactions, and
the determination of tax liability.
According to the above-mentioned taxation laws, cryptocurrency is taxed as a financial asset.
This means that any capital gains made from the sale or exchange of cryptocurrencies are
subject to a 15% taxation rate. If the holding period of the cryptocurrency is less than 365 days,
the gains are considered short term and are taxed as ordinary income. If the holding period is
longer than 365 days, the gains are considered long-term and are taxed at a more favorable
rate. In addition, cryptocurrency transactions that exceed a value of R$35,000 ($6,500) in a
given month are subject to a tax reporting obligation. but please note that the regulations are
always subject to change and it is recommended to consult tax experts in order to receive up to
date information.

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After you've bought Kusama in Brazil

Most people buy cryptocurrencies to keep them as an investment. Kusama is not an exception. You can keep them in a secure wallet and sell them whenever their price rises. However, this is not as simple as it is in theory. You need to check its price every day to make sure it is growing or find out when it is the right time to sell. If you are a beginner in this world, we suggest you invest as much as you can afford to lose because the cryptocurrency world is volatile and unpredictable. Furthermore, it is better to consider an exit point for your investment to avoid losing money in case the coin didn’t do as well as you thought.

As mentioned earlier, investment is not the only thing you can do with Kusama coins. KSM is a governance token; KSM owners can use their coins to validate the network, vote on changes on the platform, and nominate validators. In addition, the KSM cryptocurrency can be used for linking to support new parachains.

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Who can buy Kusama in Brazil?

In Brazil, anyone can buy and own cryptocurrencies, including individuals, companies, and legal
entities. There are no restrictions or limitations on who can purchase cryptocurrencies. In Brazil,
there are also Over-the-counter (OTC) providers who sell you crypto currencies but you should
know that the most popular and convenient way to buy cryptocurrency in Brazil is through a
cryptocurrency exchange. On this note, our exchange is one of the most secure service
providers when it comes to buying crypto assets in Brazil. In such a circumstance, our exchange
is a reliable and secure option for purchasing cryptocurrency in Brazil. It operates legally and
provides a variety of well-known and quick payment methods, such as Apple Pay, Google Pay,
credit card, debit card, bank transfer, and PayPal, with no transaction fees for cost-
effectiveness.

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Buy Kusama at your ease

Payment methods to buy Kusama in Brazil

Credit Card

Debit Card

Bank Transfer

Credit Card

Debit Card

Bank Transfer

PayPal

Google Pay

Apple Pay

PayPal

Google Pay

Apple Pay

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Just 3 easy steps to your first investment in Kusama

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FAQ

Frequently asked questions

Many analysts have predicted a bright future for Kusama. They believe its price may rise, and it could be a good investment for people who buy it when the price is dropped. Its history also shows it was a profitable investment before. However, Kusama is a volatile and unpredictable crypto like other cryptocurrencies; anything may affect its future.

In Brazil, cryptocurrency transactions must be reported for tax purposes. You need to keep
detailed records of all your cryptocurrency transactions, including the date, amount, and type of

transaction. Then, determine your capital gains and calculate it by subtracting the cost basis
(the price you paid for the cryptocurrency) from the sale price. Next, file an annual tax return by
reporting your capital gains from cryptocurrency transactions on your annual tax return
(Declaração de Imposto de Renda). After that, you should declare cryptocurrency holdings, if
you hold cryptocurrency with a total value exceeding R$35,000 ($6,500) at the end of a given
month, you are required to declare your holdings to the Federal Revenue Service. If you have a
taxable capital gain from cryptocurrency transactions, you must pay the appropriate taxes to the
Brazilian government.
Also, it is recommended to consult a tax professional or financial advisor if you have further
questions or concerns about the tax implications of your cryptocurrency transactions in Brazil.

Yes, you can exchange your cryptocurrency into cash in Brazil. The most common and
convenient way to exchange your cryptocurrency into cash in Brazil is through a cryptocurrency
exchange like ours. All you need to do is to transfer your cryptocurrency to our exchange by
sending it from your digital wallet to the exchange's wallet address (you don’t need to do this if
you are already using our exchange’s internal wallet). Then, you can sell your cryptocurrency
assets for Euros. Finally, you can withdraw the cash from our exchange to your bank account.
Also, it is worth mentioning that all your trading transactions are free of transaction fee charge
within our exchange.

The Kusama coin was released in October 2019, the same time as its network was created.

The exact number of people in Brazil who own crypto assets is not publicly available. However,
it is estimated that over 10 million people, 4.9% of Brazil's total population, currently own some
kind of cryptocurrency assets. According to some studies and reports, the number of people in
Brazil investing in cryptocurrencies has been growing in recent years, driven by factors such as
increasing awareness and adoption, market performance, and investment opportunities.

Gavin Wood is the founder of Kusama and Polkadot. He was one of the co-founders of Ethereum, who left the company in 2015. Therefore, he was completely familiar with the cryptocurrency world. He created the Kusama network in 2019.

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