How to Purchase Compound (COMP) using Illuvium (ILV)

To buy Compound using Illuvium, first, find a cryptocurrency exchange that supports the COMP/ILV trading pair, such as YouHodler. Create an account, verify your identity, and deposit your ILV into your exchange wallet. Locate the COMP/ILV pair on the trading platform and place an order to exchange your Illuvium for Compound. If the COMP/ILV pair is unavailable, you can first exchange Illuvium for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Compound. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction. In Germany, it’s also important to consider the tax implications of your trades, as capital gains tax may apply to your profits from cryptocurrency transactions.