How to Buy Compound Coin (COMP)

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to buy units of the top-tier currencies. Exchanges normally accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for any other Cryptocurrency. Click the button below for registration and getting your first $10.

Coinbase Free Bitcoin

Binance Signup
Step 2 – Send Your Ethereum (ETH) or Bitcoin (BTC) to an Crypto Exchange

Your BTC (Bitcoin) or ETH (Ethereum) will need to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is alike. Compound Coin (COMP) is obtainable on Binance, so we're going to use that as an illustration. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so on. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be opposed (Follow our manual).

Step 3 – Locate (COMP) Compound Coin

Once your deposit has been confirmed, you'll immediately have access to your funds and you can begin buying and trading. To invest in (COMP) Compound Coin on Binance, you'll want to go to the tab which is called “Exchange” and after that click on “Basic”.

To spot (COMP) Compound Coin, you'll need to insert the shortname of the coin (COMP) into the search box, which is marked in the picture. Be certain of having choosen the proper pairing, we've marked this too. Click on “COMP/BTC” to proceed.

Binance Hot To Buy Compound Coin (COMP)
Binance How to Buy (COMP) Compound Coin
Step 4 – Purchase Compound Coin (COMP)

After you have discovered Compound Coin (COMP), you'll be presented with a Price Chart (in the Center of the image) and some Order Books (on the Left of the image). For now we're making our own Limit Order.

The ”Price” field will be filled automatically with the most latest valuation Compound Coin (COMP) was traded for. You can change this to your favoured price. The field with the “Amount” tag is the volumen of COMP you wish to purchase. The ”Total” field is the total price in Bitcoin that you'll pay for the whole volumen of COMP.

When you're happy, click on “Buy COMP”. Your order will be filled when a Vendor sells their COMP for the price you gave.

Step 5 – Withdraw Compound Coin (COMP)

Unless you are trading, you should never keepyour crypto coins on an Crypto Trader for an longer period of time. In order to take off your Compound Coin (COMP), go to the ”Funds” tab and mouse click on “Withdraw”. Compound Coin (COMP) can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find Compound Coin (COMP) by using the given drop-down box. Enter the volumen of Compound Coin (COMP) you'd like to take off. Don't forget the displayed minimus/fees. Also make sure you have filled your correct withdraw address.

If you are glad, make a mouse click on “Submit”. You may be requested for email/phone verification before a withdrawal.

Binance Withdraw

Kudos! You've successfully purchased and stored Compound Coin (COMP).

That's it!

Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). Once you have confirmed your withdrawal with Ethplorer.io or Etherscan.io and the Compound Coin (COMP) is stored inside your wallet, you're all done.