How to Buy Compound (COMP)

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How to buy COMP

Just 3 easy steps to start investing in Compound

Create your account
on Blocktrade

Sign up on the website, and verify your account with complete information.

Select a payment

Select whether you want to purchase COMP with PayPal, Google Pay, etc.

Start buying

Choose COMP, select how much you want to buy, and make your first investment.

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Learn more about Compound

What is Compound ?

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.

Learn more on the Compound official website.

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What is COMP ?

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.

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Is Compound reliable

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.

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After you've bought COMP

The audience of this platform can receive interest by depositing their digital assets and earn money through lending. Borrowers can also enjoy the privilege of receiving a loan by pledging cryptocurrency. Therefore, holding COMP tokens grants the holder the ability to vote on proposed changes to the Compound protocol. This means COMP tokens are valuable as a governance token on the Compound network. Additionally, COMP is highly traded on various exchanges and is a valuable trading and investment asset in the crypto world.

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Other Methods of buying Compound

Where can I buy Compound

If there is any crypto ATM near you, it is possible to buy some coins with these machines and you should check to see whether it sells Compound or not. However, the process is not as simple as it seems. Furthermore, the ATM rates are somehow more than other methods.

Direct Purchase
You can buy Compound directly from another person over the web.

Crypto Exchanges are the safest places for buying Compound. You can use Blocktrade as a cheap, secure, and global exchange to buy COMP. You don’t need to pay any trading fee while using Blocktrade exchange. Sign up for free, create an account, and purchase COMP with a few clicks.

How to sell Compound

Sell on Blocktrade

Sign up and verify your Blocktrade account

You’ll need a username, email address and a strong password to sign up on Blocktrade. Then, you'll be guided to verify your account.

Deposit COMP to your Blocktrade account

To sell Compound on Blocktrade, generate a deposit address and transfer the desired amount - just as simple as sending it to any Compound address.

Start selling Compound!

Once you deposited your Compound in your Blocktrade deposit address, you’ll be able to sell your COMP.


Frequently asked questions

Yes, it is possible to buy less than 1 COMP. For example, you can buy a fraction of a COMP, such as 0.1 COMP or 0.01 COMP. Since this coin is Ethereum compatible, it is said to be divisible down to 18 units.

On our platform, the minimum amount required to buy COMP cryptocurrency is as low as $10. You are provided with different payment options to make the purchase. Once the transaction is successful, the acquired COMP units will be reflected in your cryptocurrency account. Also, our exchange charges no transaction fees for your COMP purchase.

The cost of buying Compound can vary depending on where, how, and when you purchase it. Typically, the price is determined by supply and demand in the cryptocurrency market. The price can also be influenced by market sentiment and news about the cryptocurrency. To find the current price of COMP, you can either log in to our website and see the real-time price or check our Compound Calculator to see the price of Compound in your desired currency.

Most cryptocurrency holders are always concerned about how to keep their digital assets safe and secure. Therefore, one of the first necessary measures to enter the field of digital currencies and invest in cryptocurrencies is choosing the method of keeping digital currencies. Hardware wallets are one of the best and safest ways to store digital currencies. This method is especially recommended for people who have a lot of digital assets and want to invest and deposit them for a long time. But this method is costly; Because hardware wallets have a high cost and some users do not want to pay this much for a wallet. Another option is to use a software wallet, which is a digital wallet that you can have on your PC or cellphone. Also, in order to make trading for COMP cryptocurrency more convenient and simpler, our platform offers a secure digital wallet with additional functionality and easy access to various trading options.

There are several options to buy COMP such as cryptocurrency exchanges, Peer-to-peer marketplaces, Compound brokers, etc. However, cryptocurrency exchanges are among the most popular ways to buy Compound for beginners. You can easily buy Compound without any buying fees from 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.

There is no right time to buy Compound, as the price is highly volatile and can fluctuate rapidly. Some experts believe that the best time to buy is when the price is low and predicted to rise, while others believe in buying and holding for the long term.
It is always recommended to do your own research, understand the risks, and have a clear investment strategy before buying Compound or any other cryptocurrency.

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