A Step-by-Step-Guide on how to buy Compound (COMP)
Step 1 – Join Coinbase and recieve 10$ for free You will first need to buy units of the top-tier currencies. Exchanges normally accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below for registration and to get your welcome 10 Dollar.
Step 2 – Transfer Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Trader Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Crypto Trader now. All exchanges have a deposit form that is identical. Compound (COMP) is available on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Trader? (Just follow this how-to) Make sure you have selected the precise coin you would like to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, etc. In the case you're using a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our manual).
Step 3 – Locate Compound (COMP) Once your deposit has been approved, you'll now have access to your finances and you can begin purchasing and trading. To invest in Compound (COMP) on Binance, you'll want to go to the ”Exchange” tab and after that mouse click on “Basic”. In order to spot Compound (COMP), you'll need to put the short name of the asset (COMP) into the search-box, which is marked in the image. Make sure you have selected the correct pairing, we have marked this too. Click on “COMP/BTC” to go on.
Step 4 – Purchasing (COMP) Compound After you've discovered (COMP) Compound, you will be presented with a Chart with Prices (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to create our Limit Order. The field with the “Price” tag will be filled automatically with the most latest price (COMP) Compound was sold for. You can change this to your desired price. The field with the “Amount” tag is the quantity of COMP you want to purchase. The ”Total” field is the total price in Bitcoin that you will pay for the complete quantity of COMP. If you are satisfied, make a mouse click on “Buy COMP”. Your order will be filled when a Vendor trades their COMP for the price you gave.
Step 5 – Withdraw (COMP) Compound Unless you're trading, never keep your crypto coins on an Crypto Trader for an longer time frame. In order to take off your (COMP) Compound, hover over the ”Funds” tab and mouse click on “Withdraw”. (COMP) Compound can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide) Find (COMP) Compound by using the given drop-down box. Drop in the quantity of (COMP) Compound you would like to take off. Don't forget the shown minimus/fees. Also make sure you have filled your right withdraw address. When you're satisfied, make a mouse click on “Submit”. You could be requested for verfication via phone/email before a withdrawal.