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Compound
with Bank Transfer
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- Works with Bank Transfer and other payment methods
- Trusted in 40+ countries
- No fees on buying COMP and 30+ cryptocurrecies
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FAQ
Frequently asked questions
Compound (COMP) is a token that has gained significant popularity and usefulness in recent years. It aims to address problems in the cryptocurrency industry, such as high transaction costs and lack of transparency or limited liquidity. Compound is also one of the best-known projects in the DeFi market. With DeFi lending growing in popularity due to their efficiency and profitability, the future of COMP might also be heading toward a huge increase in demand. Please note that this is by no means a buying signal or a financial advice.
Some of the greatest advantages of this payment method include: Simplified payments handling, Reduced processing costs, Reduced bank charges, Quick payments, and Easier cross-border transfers.
The attraction of the compound is that it was founded by a group of entrepreneurs. The founders of this network are people like Geoffrey Hayes and Robert Lashner, whose names are very famous in the digital currency market. In 2018, with its initial public offering, the company managed to raise $8.2 million in capital through large companies such as Andreessen Horowitz and Bain Capital. A year later, it raised $25 million with the support of many influential institutions such as Paradigm Capital.
There are no fees associated with this method initially. But note that SEPA trades crypto by Euro fiat currency, so if you insist on trading with other currencies using this method might require extra fees. Also, there are zero exchange fees for your crypto-trading through our exchange.
One of the most important goals of Compound is to provide a platform for interaction between lenders and borrowers. Users can enjoy the privilege of receiving a loan without any intermediaries for pledging their cryptocurrencies, or even lend their property to others and receive interest. This process is similar to the performance of financial institutions; with the difference that it is done in a decentralized manner and on the platform of blockchain. Even by depositing it, you can benefit from the profit of the network.
SEPA compatible areas consist of EEA (European Economic Area) countries, the United Kingdom, Switzerland, Andorra, Gibraltar, San Marino, and Vatican City.
