Buy Kusama
in Canada

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

KSM
Canada

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Kusama in Canada
with Blocktrade without
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We offer a wide range
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How to buy Kusama in Canada

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Payment methods to buy Kusama in Canada

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FAQ

Frequently asked questions

Does Kusama have a future?

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.

Should I pay tax if I buy crypto in Canada?

According to the CRA tax guide, you're not taxed when you buy crypto with fiat, like Canadian Dollars. This said, even though you don't pay tax, it's still really important you keep good records of your crypto transactions so you can keep a detailed account of your cost basis. This lets you calculate accurate crypto gains and losses when you later dispose of your crypto assets. But note that according to the above-mentioned tax guide, buying crypto with another crypto is subject to Capital Gains Tax. The CRA views this as a disposition, meaning you're getting rid of one asset. It doesn't matter that you're using it to buy another.

Should I pay tax if I sell crypto in Canada?

According to the CRA tax guideline, since cryptocurrency is viewed as a capital asset, when you dispose of it by selling it, swapping it, spending it or gifting it, you'll owe Capital Gains Tax on any profit you make. Crypto transactions which are considered a disposition in Canada according to the CRA include: Selling crypto for CAD, swapping crypto for another crypto, spending crypto on goods or services, gifting crypto. According to the mentioned guideline, you won't pay Capital Gains Tax on the entire proceeds when you sell, swap, spend or gift your cryptocurrency, but only the profits from it. Also note that you'll only pay Capital Gains Tax on half your net capital gain each financial year in Canada.

How old is the Kusama coin?

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

What should I declare in my tax report in Canada?

According to the CRA tax guide, you should maintain the following records on your cryptocurrency transactions: the date of the transactions, the receipts of purchase or transfer of cryptocurrency, the value of the cryptocurrency in Canadian dollars at the time of the transaction, the digital wallet records and cryptocurrency addresses, a description of the transaction and the other party (even if it is just their cryptocurrency address), the exchange records, accounting and legal costs, the software costs related to managing your tax affairs.

Who is the founder of Kusama?

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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