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How to buy Kusama with Google Pay
Why investors buy Kusama with Google Pay
Google Pay was developed by Google as an online payment platform in order to make it simple for users to pay for goods and services. It was initially introduced in 2015 under the name Android Pay, but in 2018 it changed its name to Google Pay. Using your phone, tablet, or watch to make payments is possible with Google Pay. You can send money to friends and family members using Google Pay. A convenient method of payment, Google Pay is accepted by millions of physical and online retailers. Since Google protects your information with multiple security measures, Google Pay is also considered to be extremely secure. Also, users’ financial details are kept private when they use Google Pay to make a purchase. As of this day, more than 50 countries offer Google Pay service as a payment method. Some of Google Pay's features are:
- If you select debit or pay with an existing balance, Google Pay won't charge you any extra fees.
- The minimum transaction amount on Google Pay is $1, the weekly maximum is $20,000 and the overall maximum balance limit is $25,000.
- Up to $20,000 can be deposited each week using Google Pay into a bank account or debit card.
- It is fast, secure, and accessible worldwide
Is KSM a good investment?
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.
Who can buy Kusama with Google Pay
Whether a novice or an expert, anyone who uses our exchange can profit from the Google Pay payment method. The useability of our exchange is further improved, and our exchange users have access to a wider range of payment options thanks to the incorporation of Google Pay.
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.
What is KSM
Kusama has a native token that is shown with KSM. The coin was released along with the network in October 2019. The main utilization of this coin was to validate the network by voting on the changes. Yet, the price history of KSM shows it was a good investment too. Kusama is not a minable token like Bitcoin; there is an exact max supply of this token, which is 10 million tokens. Almost 8 million KSM coins are in circulation, and Kusama has dedicated nearly 0.14% of the market to itself. Kusama's market cap is 43 billion USD, which puts this token in 47th place among digital currencies based on its market cap.
How to buy KSM with Google Pay instantly?
Using Google Pay, users can instantly buy any cryptocurrency they want through our exchange, and the money is then sent to their wallet. Furthermore, our exchange's wallet and mobile app are Google Pay compatible. This provides our users with full access to all the fast and secure tools they need to trade digital currencies on our exchange instantly.
Where can I buy KSM online with a Google Pay?
In order to help users trade Bitcoin and other forms of cryptocurrencies in a more convenient and secure way, our exchange offers Google Pay as a form of digital payment. To use this payment method, you must first log in to your account on the Blocktrade.com website. Then, choose the digital coin you want to purchase from the list of available currencies, type the amount of cryptocurrency you need to purchase in the field, and then increase your account balance with a fiat currency. At last, choose Google Pay as your payment method and add to your balance before finalizing the purchase.
Is KSM Reliable?
Kusama is a scalable and multi-layer network that works with the NPoS algorithm to validate, secure, and speed up its transactions. Therefore, it is considered a safe crypto network. The native coin of this network is as secure as any other coins on decentralized networks. However, to keep it protected, you should always choose a safe and secure wallet. You can find several KSM wallets out there that may have different characteristics and levels of protection. Check their details before selecting the one. It is also recommended to choose a hardware wallet if you want to keep your Kusama tokens as a long-term investment.
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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.
One of the ideal ways to easily invest in cryptocurrencies is through Google Pay. Users can quickly deposit funds from their Google Pay accounts into our licensed exchange using its safe and practical platform, which enables them to buy and sell various cryptocurrencies.
Almost 10 million tokens are supplied and 8,470,098 KSM tokens are in circulation.
There are no additional charges imposed by Google Pay over and above those assessed by your credit card company. Be aware that there are no trading fees on our exchange as well.
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.
No. There are no products available through Google Pay that let you buy cryptocurrencies directly through Google Pay services. As a result, you must make a deposit into our legally authorized exchange, which accepts Google Pay, in order to invest in Bitcoin, Ethereum, and other crypto tokens of your choice.
