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How to Buy Compound (COMP)

A Step-by-Step-Guide on how to buy Compound (COMP)

Step 1 – Signup to CEX.io

You will first need to buy one of the bigger currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Follow the Link below to register and to get your Ethereum (ETH) or Bitcoin (BTC).

Binance Signup
Step 2 – {Transfer} Your {Ethereum (ETH) or Bitcoin (BTC)} to an {Exchange}

Your {Bitcoin or Ethereum} {has} to be sent over to an {Exchange} now. {Every exchange has} a deposit form that is {alike}. Compound (COMP) is {available} on Binance, so {we will} use that as an {example}. {Not sure} on how to send {Coinbase funds} to an {Crypto Trader}? ({Just follow} {these easy steps})

Make sure {you have} {chosen} the {precise} coin you {would like} to deposit.

{Bitcoin} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {ETH} deposit address, {and so forth}. {If} {you're} {working with} a decentralized exchange, {such as} Airswap or DDEX could be {opposed} ({Follow} {our manual}).

Step 3 – {Find} Compound (COMP)

{As soon as} your deposit has been {affirmed}, {you will} {directly} have access to your {assets} and you can {begin} {purchasing} and trading. To {purchase} Compound (COMP) on Binance, {you will} want to {go to} the {”Exchange” tab} and{ after that} {click} on “Basic”.

{To} {discover} Compound (COMP), {you'll} need to {insert} the {cointype} (COMP) into the {search-box}, which is {marked} in the {graphic}. {Make sure you have} {choosen} the {correct} {pairing}, {we have} {highlighted} this {also}. Click on “COMP/BTC” to {go ahead}.

{How to buy Coin on Binance 1|Binance How To Buy 1} Compound (COMP)
Step 4 – {Buying} Compound (COMP)

{As soon as} {you have} {spotted} Compound (COMP), {you'll} be {presented with} a {Price Chart} (in the Center of the {image}) and {some} Order Books ({on the Left} of the {picture}). {Next} {we are} {going to create} our{} Limit Order.

The {”Price” field} will be {automatically filled} with the{ most} {latest} {rate} Compound (COMP) was {sold} for. {This can be changed} to your {favoured} {rate}. The {field with the “Amount” tag} is the {amount} of COMP you {like} to {purchase}. The {”Total” field} is the {whole} price in {Bitcoin} that {you will} {pay} for the {whole} {volumen} of COMP.

{If} {you are} {happy}, {make a mouse click} on “Buy COMP”. Your {order} will be filled {when} a {Vender} {trades} their COMP for the price you {submitted}.

Step 5 – Withdraw Compound (COMP)

Unless {you're}{ regularly} trading, {best advise is not to keep your} {crypto coins} on an {Crypto Exchange} for an {extended} {time period}. {To} {take off} your Compound (COMP), {go to} the {”Funds” tab} and {mouse click} on “Withdraw”. Compound (COMP) can be {stored securely} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Find} Compound (COMP) by using the {provided} drop-down box. {Put into} the {quantity} of Compound (COMP) {you'd} {wish} to {withdraw}. {Take into account} the {presented} {fees/minimums}. Also make sure you have {entered} your {precise} withdraw address.

{If} {you are} {happy}, {click} “Submit”. You {may} be {requested} for {verfication via phone/email} {ahead of} a {withdrawal}.

{Congratulations}! {You have} successfully {purchased} and {safed} Compound (COMP).

That's it!

{Withdrawals} from {Crypto Trader} can {durate} {anywhere from} 1 – 30 minutes ({depending} on {network usage}). {As soon as} {you've} {confirmed} your {take off} {with} {Etherscan.io or Ethplorer.io} and the Compound (COMP) is {safe} {in} your wallet, {you are} {finished}.

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