Introduction
When purchasing Compound, there are several factors to consider, including choosing an exchange to purchase it from and transaction method. Fortunately, we’ve compiled a bunch of reputable exchanges to help you with the process.
Step-by-step
- 1
Choose an exchange
Research and select a cryptocurrency exchange that operates in the in your country and supports Compound trading. Consider factors such as fees, security, and user reviews.
- 2
Create an account
Register on the exchange's website or mobile app, providing personal information and identity verification documents.
- 3
Fund your account
Transfer funds to your exchange account using supported payment methods like bank transfer, credit card, or debit card.
- 4
Navigate to the Compound market
Once your account is funded, search for "Compound" (COMP) in the exchange’s marketplace.
- 5
Choose a transaction amount
Enter the desired amount of Compound you wish to purchase.
- 6
Confirm purchase
Preview the transaction details and confirm your purchase by clicking the "Buy COMP" or equivalent button.
- 7
Complete transaction
Your Compound purchase will be processed and deposited into your exchange wallet within minutes.
- 8
Transfer to a hardware wallet
It’s always best to keep your crypto in a hardware wallet for security reasons. We always recommend Ledger or Trezor.
What to be aware of
When purchasing Compound, it’s important to choose a reputable exchange that is easy to use, and has reasonable fees. Once you’ve done this, always transfer your crypto a hardware wallet. That way, no matter what happens to that exchange, your crypto is safe.
Latest movements
Compound (COMP) is currently priced at $57.07, with a 24-hour trading volume of $28.46M. In the last 24 hours, Compound has seen an increase to 2.17. The market cap of Compound stands at $456.17M, with 8.11M in circulation. For those looking to buy or trade Compound, reputable platforms like Binance, Coinbase, BTSE, YouHodler and Nexo offer avenues to do so securely and efficiently.
- Market cap
- $456.17M
- Volume
- $28.46M
- Circulating supply
- $8.11M
