How to buy Compound (COMP) coin
The Comp tokens is widely disseminated among the exchanges. The sixty-six trading platforms offer 14 pairs: COMP/INR, COMP/EUR, COMP/USDC and other. Detailed information, including market cap, last project news and instructions read above.
Where to buy Compound
Step 1You need an account with a cryptocurrency exchange that supports Compound token. All of them listed on our site. Create it, if you don't already have it or login with your credentials.
Exchanges
| Name | Fee | Trust | DeFi | Volume | |
|---|---|---|---|---|---|
|
WhiteBIT | 0.1 / 0.1 | HIGH | Yes | $42302 |
|
LBank | 0.1 / 0.1 | MEDIUM | Yes | $59333 |
|
Bit.com | ?? / ?? | MEDIUM | Yes | $2607 |
|
Hotbit | -0.05 / 0.2 | HIGH | Yes | $12188 |
|
Coinbase Exchange | 0.5 / 0.5 | HIGH | Yes | $34667 |
|
BitBNS | ?? / ?? | MEDIUM | Yes | $846 |
|
LATOKEN | ?? / ?? | MEDIUM | Yes | $7186 |
|
Bibox | 0.075 / 0.15 | MEDIUM | Yes | $7441 |
|
BtcTurk PRO | ?? / ?? | MEDIUM | Yes | $3539 |
|
Bitstamp | 0.5 / 0.5 | HIGH | Yes | $2447 |
|
Huobi Global | 0.2 / 0.2 | HIGH | Yes | $33660 |
Transfer or buy with peer-to-peer trading one of this coins: USDC, 0XC02A..., SGD, THB, USD or other.
Step 3Switch to spot on trading platform and type the token name in search box. Select from available trading pairs, then set order and push Buy COMP button.
Congratulations!
Once you hit "buy" button, the Comp will be transferred to your account on the trading platform. Remember that only transferring your coins from trading platform into offline hardware wallet, you can improve protection of your investments. This would not only lower your risk if your crypto exchange gets hacked, but if you transfer a “cold,” or offline, wallet, your Compound cryptocurrency turn into almost unhackable. Only disadvantage is, generally have to pay a small withdrawal fee to transfer your coins off of the cryptocurrency exchange.
What is Compound
The Compound Governance Token is a governance token on the Compound Finance lending protocol, COMP allows the owner to delegate voting rights to the address of their choice; the owner’s wallet, another user, an application, or a DeFi expert. Anybody can participate in Compound governance by receiving delegation, without needing to own COMP. Anybody with 1% of COMP delegated to their address can propose a governance action; these are simple or complex sets of actions, such as adding support for a new asset, changing an asset’s collateral factor, changing a market’s interest rate model, or changing any other parameter or variable of the protocol that the current administrator can modify.
Video Review
What is Compound? - COMP Beginners Guide
Statistics and Externals
Term of hash algorithm not applicable to Comp cryptocurrency.
Price and supply
The current total supply is 10 millions, with a circulating supply of 8786778 COMP as of Oct 2024. The max amount of coins that will ever exist in the lifetime of the Compound is 10000000.
The Comp price is $43.8144 as of 01:20 PM. The price increased on 0.9916% over the past 24 hours. The recent price action left the token's market capitalization at 224.3 millions USD. Over recent 30 days, the Comp crypto went up on 0.92%.
FAQ
What exchange can I buy Compound?
Comp coin can be purchased from 66 exchanges. And these are some of them: LocalTrade, ace, Bitget, WOO Network and Crypto.com Exchange.
Is Comp coin a good investment?
The Compound coin has a common risks of value fall. Because of high volatility of all Blockchain based assets you bear in mind: learn the risks before you start trading, unexpected changes in market can lead to sharp and sudden moves in price and you can lose all of your invested funds. But on the other hand of that it's opportunity to get rich by investing in crypto.
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About the author
Qayyum Rajan, CFA is a fintech entrepreneur with multiple exits. He started his startup and blockchain career in 2017 building software to automate securities issuance on Ethereum, and never stopped building.
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