How to buy Compound in 4 easy steps
The whole process can take ampere little as 15 minutes and all you ‘ll need is a smartphone or computer, an internet connection, photo identification and a means of payment .
- Compare crypto exchanges The easiest way to buy Compound is from a cryptocurrency exchange. Comparing in the table below lets you find one with the features you want such as low fees, still of consumption or 24-hour customer hold .
- Create an account To create an account on an exchange, you will need to verify your e-mail address and identity. Have some photograph ID and your telephone quick.
- Make a deposit once verified, you can deposit $ using the payment method acting that best suits you – wire transfer, on-line bank, tartan and trust transplant payments are wide accepted .
- Buy Compound You can nowadays exchange your funds for Compound. On easier-to-use exchanges, this is a simple as entering the amount you want to purchase and clicking buy. If you like, you can now withdraw your Compound to your personal wallet .
Disclaimer : This is not an endorsement of cryptocurrency or any specific provider, service or offer. It is not a recommendation to trade .
Where to buy Compound
Find an central to buy, sell and trade COMP by comparing deposit methods, supported decree currencies and fees. Select Go to site to sign up directly with the provider .
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How do I find the best places to buy Compound?
Cryptocurrency exchanges offer exchangeable services, but differ in a few key ways – chiefly fees, the range of cryptos available and requital methods. You can use our postpone to compare the features of popular cryptocurrency exchanges available in the US to help you choose the one that ‘s proper for you .
Some other factors you may want to consider are customer digest, user reviews, relief of use and whether or not the switch over is registered with a local regulator. This information can be found by clicking on the exchange name in the table which will take you to its review foliate .
What will I need to buy Compound?
To create an report on any cryptocurrency exchange you will need an e-mail address. Some exchanges may besides ask for a earphone numeral and photograph ID, so it ‘s a good idea to have those fix .
An increasing count of cryptocurrency exchanges will ask to verify your identity before you can deposit funds and start trade Compound .
- This process is known as Know Your Customer (KYC) and usually requires photo ID and a webcam or smartphone. You may also need to prove your address by uploading a copy of a recent bank statement or utility bill.
- Some exchanges allow you to deposit and trade cryptocurrencies without passing KYC, but they will not allow you to transfer local currency from your bank account. So if you are planning on purchasing COMP with your local currency then you will need to pass KYC.
- Once you have verified your identity, it is a good idea to enable 2-factor authentication (2FA) before depositing any funds. This will increase the security of your account and help keep your funds safe.
Where can I buy Compound with a credit or debit card?
once you ‘ve created an account, you will need to deposit funds to buy COMP with. You can either deposit local anesthetic currentness from a bank account or credit wag, or transfer cryptocurrency from another exchange or wallet. here are popular depository methods to buy COMP on the follow exchanges :
|Platform||Bank deposit||Card deposit||Crypto deposit||Buy COMP|
|Go to eToro USA LLC Cryptocurrency Trading|
|Go to Domain Money Cryptocurrency Exchange|
|Go to Uphold Digital Money Platform|
- Bank account: Transfers from local bank accounts are usually free, but you will need to double-check this with the exchange you choose – this information can be found in our table by clicking on ‘view details’.
- Credit or debit card: Linking a card to your account is another convenient way to top up your account, but be aware that it usually attracts an additional fee. An advantage, though, is that you can use a card to make instant purchases or set up a recurring purchase.
- Cryptocurrency: You can usually purchase COMP by trading it for another cryptocurrency like Bitcoin or a stablecoin. This varies between exchanges though, so you will need to search for COMP on the spot market to see what cryptocurrencies it can be traded for.
What is the easiest way to buy Compound?
The easiest manner to buy COMP is by placing an ‘instant buy ‘ order to purchase it for a cook price but not all crypto exchanges offer this feature of speech.
alternatively, you can open a barter on the spot market which allows you to set your own price – this is the most common way to purchase cryptocurrency. Using the clamant buy feature is aboveboard but typically more expensive than using the touch grocery store .
Before buying COMP, you may want to check the marketplace conditions. To help you decide if now is the right time to buy, you can take a front at our analysis tools to get an idea of how the price of Compound has been performing recently .
Best Compound wallets to store your COMP
You can keep your COMP on the substitution you purchased it on, or move it to a personal wallet :
- Some people like to use their own wallets to guarantee total ownership over their assets, or to use them with other applications like DeFi services.
- Hardware wallets are typically considered to be the safest type of cryptocurrency wallet, as they use a physical device to enhance security in a number of ways. You can learn more about wallets and compare them with our comprehensive guide.
Disclaimer : This is not an second of cryptocurrency or any specific provider, service or offer. It is not a recommendation to trade .
Is Compound a good investment?
As with any investment, it is vital you understand the risks and potential top of the asset before making any fiscal decisiveness. With regards to COMP, here are a few things you should consider :
- Token acquisition. COMP tokens are directly tied to the Compound ecosystem and their utility is relatively limited due to this. For the most part, these tokens are used to reward participants and lenders on the Compound platform. Therefore, you may want to consider accruing COMP tokens as interest on top of your current portfolio, instead of buying them outright.
- Team. Compound was founded in 2017 by ex-Postmates employees Geoffrey Hayes and Robert Leshner.
- Governance. COMP token holders are able to actively participate in the development of the Compound platform. They can vote on governance issues and put forward community-led proposals. These topics range from the upgrade of outdated features to the addition of coins to the lending platform.
- Competition. The DeFi ecosystem is constantly evolving, and Compound is far from the only lending protocol available. Platforms like Pancakeswap and yearn.finance offer crypto-savvy consumers ways to earn interest through liquidity pools, yield farming and staking. Then there’s BlockFi, Celsius, Nexo, Voyager and Aave that all offer very similar features to Compound finance.
extra information about Compound can be found using our COMP analysis tools .
Today’s Compound price versus ATH
Compare today ‘s price of Compound ( $ 53.74 USD ) against its all-time-high price of $ 910.54 USD on 12 May 2021. The closer the bar is to 100 %, the close COMP is to reaching its ATH again .
Compound’s price: $ 53.74
ATH date: May 12, 2021
Read more: How to Make a Coin Bezel Necklace – Easy!
Compound ATH: $910.54
How to trade, convert or sell Compound
You can convert or sell your COMP with the same exchange you bought it through:
- Sign in to the exchange you have COMP on.
- If you store your Compound in a digital wallet, compare crypto exchanges to convert or sell it on.
- Choose Sell or Convert and place a sell order.
- Choose the amount of COMP you’d like to convert or sell.
- Confirm the sell price and fees and close your sale of Compound.
- Complete your transaction and move your COMP to a wallet for storage.
Disclaimer : Cryptocurrencies, including Compound, are bad, complex and involve significant risks – they are highly explosive and sensible to secondary coil activity. operation is unpredictable and by performance of COMP is no guarantee of future performance. Consider your own circumstances, and obtain your own advice, before relying on this data. You should besides verify the nature of any product or serve ( including its legal status and relevant regulative requirements ) and consult the relevant Regulators ‘ websites before making any decisiveness. Finder, or the writer, may have holdings in the Compound or any early cryptocurrency discussed .
You can convert or sell your COMP with the same exchange you bought it through :