How to Purchase Bitcoin (BTC) Using Compound (COMP)

To purchase Bitcoin using Compound, start by finding a cryptocurrency exchange that offers the BTC/COMP trading pair. Create an account, verify your identity, and deposit your COMP into your exchange wallet. Then, locate the BTC/COMP pair on the platform and place an order to trade your Compound for Bitcoin. If the pair is unavailable, you can first exchange Compound for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be aware of potential exchange fees, which can vary by platform and impact the total cost of your transaction.