How to Earn Compound (COMP): A Step-by-Step Guide for Italians

Introduction

Lending Compound can be an excellent choice for those looking to hold COMP while generating a return. The process may seem a bit intimidating, particularly for first-timers. That’s why we’ve created this guide to help you navigate through it.

Step-by-Step Guide for Italian Investors

1. Acquire Compound (COMP) Tokens

To lend Compound, you must first possess it. To acquire Compound, you'll need to buy it. You can select from these well-known exchanges available in Italy.

Piattaforma	Criptovaluta	Value
Nexo	Compound (COMP)	25,15 APY
PrimeXBT	Compound (COMP)	25,02 APY
YouHodler	Compound (COMP)	25,05 APY
Binance	Compound (COMP)	25,05 APY
BTSE	Compound (COMP)	25,09 APY
Coinbase	Compound (COMP)	25,04 APY

Check out all 76 prices

2. Select a Compound Lender in Italy
Once you have COMP, you'll need to select a Compound lending platform to lend your tokens. You can explore some options here.
Piattaforma Criptovaluta APY
YouHodler Compound (COMP) Up to 12% APY
Blockchain.com Compound (COMP) Up to 1% APY
CEX.io Compound (COMP) Up to 1,5% APY
Discover all 10 lending APY rates
3. Earn Compound in Italy and take advantage of competitive APY rates offered by various providers
Once you've selected a platform to earn your Compound, transfer your Compound into your wallet on the earning platform. Once it's deposited, it will begin to accrue APY. Some platforms offer interest payments daily, while others do so weekly or monthly.
4. Earn Interest
Now all you need to do is relax while your cryptocurrency earns APY. The more you deposit, the more interest you can accumulate. Be sure to choose a platform that offers compounding interest to maximize your returns.