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

To purchase Bitcoin using Compound, first, find a cryptocurrency exchange that supports the BTC/COMP trading pair, such as Nexo, YouHodler, Binance or BTSE. Create an account, verify your identity, and deposit your COMP into your exchange wallet. Locate the BTC/COMP pair on the trading platform and place an order to exchange your Compound for Bitcoin. If the BTC/COMP pair is unavailable, you can first exchange Compound for a stablecoin like Tether (USDT) or a fiat currency, then trade that for Bitcoin. Be mindful of potential exchange fees, which vary by platform and can affect the total cost of your transaction.