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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 – {Send} Your {BTC (Bitcoin) or ETH (Ethereum)} to an {Crypto Exchange}

Your {BTC (Bitcoin) or ETH (Ethereum)} {has} to be sent over to an {Crypto Exchange} now. {Every exchange has} a deposit form that is {similar}. Compound (COMP) is {obtainable} on Binance, so {we will} use that as an {illustration}. {Not sure} on how to send {funds from Coinbase} to an {Crypto Trader}? ({Follow} {these easy steps})

Make sure {you have} {selected} the {precise} coin you {wish} to deposit.

{BTC} must be sent to a {Bitcoin} deposit address, {Ethereum} to an {ETH} deposit address, {et cetera}. {In the case} {you are} {dealing with} a decentralized exchange, {such as} Airswap or DDEX could be {different} ({Follow} {our how-to}).

Step 3 – {Find} Compound (COMP)

{Once} your deposit has been {affirmed}, {you'll} {instantly} have access to your {funds} and you can {begin} {purchasing} and trading. To {invest in} Compound (COMP) on Binance, {you'll} want to {go to} the {tab which is called “Exchange”} and{} {click} on “Basic”.

{To} {find} Compound (COMP), {you'll} need to {put} the {short name of the asset} (COMP) into the {search box}, which is {highlighted} in the {graphic}. {Make sure you have} {selected} the {proper} {grouping}, {we have} {highlighted} this {too}. Click on “COMP/BTC” to {advance}.

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

{As soon as} {you've} {found} Compound (COMP), {you will} be {presented with} a {Price Chart} (in the Center of the {picture}) and {a few} Order Books ({on the Left} of the {picture}). {Next} {we're} {going to create} our{ own} Limit Order.

The {field with the “Price” tag} will be {filled automatically} with the{ most} {up-to-date} {price} Compound (COMP) was {sold} for. {You can change this} to your {desired} {price}. The {field with the “Amount” tag} is the {volumen} of COMP you {want} to {buy}. The {field with the “Total” tag} is the {aggregated} price in {BTC} that {you'll} {pay} for the {whole} {quantity} of COMP.

{When} {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}{} trading, {you should never keepyour} {crypto coins} on an {Cryptocurrency Exchange} for an {extended} {period of time}. {In order to} {withdraw} your Compound (COMP), {hover over} the {”Funds” tab} and {click} on “Withdraw”. Compound (COMP) can be {securely stored} using a Wallet, {for example} MyEtherWallet. (MyEtherWallet Setup Guide)

{Locate} Compound (COMP) by using the {given} drop-down box. {Put into} the {volumen} of Compound (COMP) {you'd} {wish} to {take off}. {Take into account} the {presented} {fees/minimums}. Also make sure you have {entered} your {correct} withdraw address.

{If} {you're} {satisfied}, {click on} “Submit”. You {may} be {requested} for {verfication via email/phone} {before} a {take off}.

{Congrats}! {You have} successfully {purchased} and {stored} Compound (COMP).

That's it!

{Take offs} from {Crypto Trader} can {durate} {anywhere from} 1 – 30 minutes ({rely} on {usage of the network}). {As soon as} {you've} {confirmed} your {take off} {using} {Ethplorer.io or Etherscan.io} and the Compound (COMP) is {safe} {within} your wallet, {you are} {done}.

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