How to Purchase Compound (COMP) using NEAR Protocol (NEAR)

To buy Compound using NEAR Protocol, first, find a cryptocurrency exchange that supports the COMP/NEAR trading pair, such as YouHodler or Wirex. Create an account, verify your identity, and deposit your NEAR into your exchange wallet. Locate the COMP/NEAR pair on the trading platform and place an order to exchange your NEAR Protocol for Compound. If the COMP/NEAR pair is unavailable, you can first exchange NEAR Protocol 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.