Buy Compound
with Bank Transfer

SEPA or Single Euro Payments Area is a bank transfer payment system created by the European Union. It is a system that allows cross-border payments in Euros within the Euro-zone. European Union and neighboring country residents frequently use SEPA to send and receive payments using the funds in their bank accounts. A trustworthy framework for quick and affordable money transfers is provided by this network. A business must adhere to stringent guidelines and meet the highest security standards in order to offer SEPA wire transfers. Using SEPA bank transfers, you can buy cryptocurrency at our exchange and deposit and withdraw EUR easily. Offering payment options via bank transfer or SEPA would have the following main benefits:

• Instant payments are one option provided by the SEPA payment system. Weekends and holidays are not excluded from the SEPA Instant transfer schedule.
• High security because every transfer has to be cleared by several banks on its way to the exchange.
• No deposit fees, high buying limits

The Compound protocol is a decentralized lending and borrowing platform built on the Ethereum blockchain. Compound allows users to lend and borrow a variety of different cryptocurrencies, such as Ethereum and stable coins, using smart contracts. Both sides of the transaction, the lender and the borrower, who operate on this platform, due to its decentralized nature, only deal with the compound platform and there is no middleman involved. The interest rates on loans and transactions are determined by supply and demand, with borrowers earning interest on their deposited assets and lenders earning interest on the assets they lend out. The COMP token is used to govern the protocol and gives token holders the ability to vote on changes to the Compound protocol. Additionally, users who supply assets to the protocol are rewarded with COMP tokens as interest. Due to the activity of this currency on the blockchain, all information related to transactions are recorded and published in a completely transparent manner; Therefore, the possibility of fraud and abuse is reduced. Also, its decentralized nature increases its liquidity.

In a nutshell, Compound simply works like a decentralized bank and allows users to deposit and receive interest. However, unlike traditional banks that sometimes have negative interest or may have control over deposits, the blockchain platform of Compound does not allow any person or organization to manage and access users' assets.

Citizens living in a Eurozone location are able to open a bank account and use SEPA. If you are based in a non-Eurozone country, you can easily check which banks offer SEPA if you want to make this type of transfer. You can purchase any kind of cryptocurrency directly into your personal wallet without making any initial deposits by using our exchange to perform a straightforward SEPA transfer with your bank account.

The COMP symbol is used as a ticker symbol for the Compound token. COMP is used to represent the Compound cryptocurrency on exchanges and other platforms. Similar to stock ticker symbols, cryptocurrency symbols such as COMP can also help traders, investors, and others to quickly identify a particular cryptocurrency and its current market value.

The Compound token was first introduced in June 2020. The COMP token was distributed to users of the Compound protocol as a way to incentivize participation and growth on the platform. The COMP Initial Coin Offering (ICO) took place in June 2020 and it was sold out in 18 minutes. The price of COMP during the ICO was $100 and raised $25 million. After the Initial Coin Offering in June 2020, the price of COMP rose sharply to reach an all-time high of around $430 in mid-June. However, the price then spent the next several months trading in a relatively tight range between $100 and $200.

In early 2021, the price of COMP began to rise again, reaching a new all-time high of around $450 in mid-February. After reaching this high, the price started steadily increasing again later, and reached another all-time high of above $800 in May 2021. Even though COMP cryptocurrency’s price was experiencing a bad year in 2022, falling to an all-time low of $ 26.36, its price by the start of 2023 has been going through a bullish rise of around $58. Many crypto experts have predicted for COMP to trade at an average price of $167 as soon as in 2025, and at an average of $482 by the year 2030. Keep in mind that it’s important that you check reliable sources for the most up-to-date information on the cryptocurrency market before investing your money on the crypto assets. Also, this is not a financial advice, it is recommended to consult a professional before entering the crypto market.

SEPA is a way to make European cross-border payments simpler, cheaper, and faster. It is one of the most cost-effective and convenient ways to transfer money within the EEA. As the ease of use and clear navigation that come with using SEPA/bank transfer as the initial payment method may appeal to users, buying cryptocurrency with SEPA is likely the best option to purchase crypto assets in Europe instantly.

If you prefer simple and secure crypto trading, SEPA/bank transfer would be your ideal method. Our exchange offers SEPA/bank transfer as a payment solution to give its users more options to buy cryptocurrencies easily. You must first log into your account on Blocktrade.com in order to use SEPA/bank transfer payment on our exchange. Then, after entering the number of cryptocurrencies you need to buy and choosing to charge up your account balance using SEPA/bank transfer, finish your cryptocurrency purchase.

The security of the Compound protocol is ensured through a combination of smart contract code audits, network monitoring, and various risk mitigation measures. Smart contract code audits are conducted by third-party auditors to ensure that the code is free of vulnerabilities and functions as intended. Additionally, the Compound team and community closely monitor the network for any suspicious activity or potential attacks. To further protect the network, the protocol utilizes various risk mitigation measures such as collateral requirements, liquidation mechanisms, and emergency shutdowns.