Earn as much as
12% APY on your investments.
A comprehensive guide on how to earn Compound (COMP) in Nigeria.
We have extensive data on earning Compound (COMP), and we're excited to share some of this valuable information with you.
We present you with various earning opportunities using other cryptocurrencies that may catch your interest.
Compound (COMP) is currently priced at US$1.5 with a 24-hour trading volume of US$41.77M. The market cap of Compound stands at US$639.52M, with 8.87M COMP in circulation. For those looking to buy or trade Compound, YouHodler offers avenues to do so securely and efficiently
Lending Compound can be an excellent choice for those looking to hold COMP while earning yield. The process may seem a bit overwhelming, particularly for first-timers. That's why we've created this guide to help you navigate through it smoothly.
To lend Compound, you must first acquire it. To obtain Compound, you'll need to purchase it. You can select from these popular exchanges available in Nigeria.
| Platform | Coin | Price |
|---|---|---|
| Nexo | Compound (COMP) | 26.34 |
| PrimeXBT | Compound (COMP) | 26.19 |
| YouHodler | Compound (COMP) | 26.25 |
| Binance | Compound (COMP) | 26.25 |
| BTSE | Compound (COMP) | 26.19 |
| Coinbase | Compound (COMP) | 26.2 |
Once you have COMP, you'll need to select a Compound lending platform to lend your tokens. You can explore some options here.
| Platform | Coin | Interest rate |
|---|---|---|
| YouHodler | Compound (COMP) | Up to 12% APY |
| Blockchain.com | Compound (COMP) | Up to 1% APY |
| CEX.io | Compound (COMP) | Up to 1.5% APY |
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 earn APY. Some platforms pay interest daily, while others do so weekly or monthly.
Now all you need to do is relax while your cryptocurrency earns interest. The more you deposit, the higher your potential earnings. Ensure that your earning platform offers compounding APY to maximize your returns.
Lending your cryptocurrency can be risky. Ensure you conduct thorough research before depositing your crypto. Only lend what you can afford to lose. Review their lending practices, customer feedback, and the measures they have in place to secure your cryptocurrency.
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