How to Earn Compound (COMP) in Indonesia: A Step-by-Step Guide

Introduction

Lending Compound can be an excellent choice for those in Indonesia looking to hold COMP while earning a yield. The process might seem a bit overwhelming, particularly for first-timers. That's why we've created this guide specifically for you.

Step-by-Step Guide

1. Acquire Compound (COMP) Tokens in Indonesia

To lend Compound in Indonesia, you first need to acquire it. To obtain Compound, you will need to purchase it from one of the popular exchanges available in the region.

Platform in Indonesia	Koin	Price in Indonesia can vary significantly based on market demand and local economic conditions
Nexo	Compound (COMP)	25,12
PrimeXBT	Compound (COMP)	25
YouHodler	Compound (COMP)	25,04
Binance	Compound (COMP)	25,04
BTSE	Compound (COMP)	25,04
Coinbase	Compound (COMP)	24,93

Check out all 76 prices available

2. Select a Compound Lending Partner in Indonesia

Once you have COMP, you'll need to select a Compound lending platform to lend your tokens. In Indonesia, there are several options available that cater to local users. You can explore some of these platforms here.

Platform in Indonesia	Koin	APY (Annual Percentage Yield)
YouHodler	Compound (COMP)	Up to 12% APY in Indonesia
Blockchain.com	Compound (COMP)	Up to 1% APY in Indonesia
CEX.io	Compound (COMP)	Up to 1,5% APY in Indonesia

Explore all 10 lending rates available in Indonesia

3. Earn Compound in Indonesia
Once you've selected a platform to earn your Compound, transfer your Compound into your wallet on the chosen earning platform. After the deposit is made, it will begin to accrue interest. Some platforms in Indonesia offer daily interest payouts, while others may provide interest on a weekly or monthly basis.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more APY you can accumulate. Ensure that your earning platform offers compounding interest to maximize your returns in the Indonesian market.