Buy Compound
in Slovenia

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.

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.

Yes. According to the virtual currency press release by the Bank of Slovenia, cryptocurrencies
are digital representations of value or token that are neither issued nor backed by a central bank
or a public authority. That being said, it is not illegal to accept crypto assets as a means of
payment in Slovenia. According to the mentioned statement, Transfer, purchase, storage and
trading of cryptocurrency, though warned to be risky, yet arises no legal problems in Slovenia.

According to the Financial Administration of the Republic of Slovenia (FURS), a natural person
resident in Slovenia is not taxed on the capital gains from the sale or use of virtual currencies,
unless the activity is considered to be a professional business. This is because, according to the
Slovenia’s Personal Income Tax Act, capital gains are generally not taxable if they result from
movable property or the disposal of derivative financial assets. Since cryptocurrencies are not
fixed financial assets or shares, they are not included in the individual’s taxable capital gain. But
according to the statement by the Financial Administration, individuals who engage in trading
and extracting virtual currencies as business activity are subject to income tax. More information
on the taxation of activities is published in the brochure on income from activities (in Slovenian).

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.

Anyone. Many crypto-trading platforms have launched following the cryptocurrency boom of the
last decade. This availability of numerous options can make it confusing for new investors to
select the places to buy cryptocurrency in Slovenia. With the help of crypto exchanges, you can
easily start your crypto transactions by creating an account. What distinguishes an exchange
from others, is the transaction services it offers, exchange fee and the payment methods it
provides for an easy and convenient crypto purchase. In Slovenia, payment methods such as
Apple pay, Google pay, Credit Card, Debit Card, Bank Transfer and PayPal are accessible. Our
exchange supports all of these payment services and offers you fast, safe and free of charge
cryptocurrency transactions in Slovenia.