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How to buy Compound

COMP

Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol, which is a series of decentralized interest rate markets that allow investors to supply and borrow Ethereum tokens at variable interest rates. You can buy and sell COMP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade COMP for BTC the same way you trade CAD for USD. You can also trade COMP to CAD based on the COMP price. To learn how to buy Compound / COMP, scroll down to see how to buy Compound.

Compound was founded in 2017 and is headquartered in San Francisco, California. It is an Ethereum project that focuses on allowing borrowers to take out loans and lenders to provide loans by locking their assets into the protocol. COMP is the native token of the Compound protocol. As an organization, Compound aims to incentivize users with interest and rewards for lending their COMP and contributing to a decentralized money market.

You may want to consider buying COMP if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Earn interest by lending your COMP to other borrowers

Explore DeFi and other Ethereum-protocol based projects

Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online

Compound (COMP)

All prices are in USD.

How to buy Compound

COMP

Compound (COMP) is an Ethereum token that enables community governance of the Compound protocol, which is a series of decentralized interest rate markets that allow investors to supply and borrow Ethereum tokens at variable interest rates. You can buy and sell COMP for any major cryptocurrency, like BTC, ETH, and XRP or traditional currency such as Canadian Dollar, US Dollar, and Euro. Trading cryptocurrencies is like foreign exchange of traditional currencies – you trade COMP for BTC the same way you trade CAD for USD. You can also trade COMP to CAD based on the COMP price. To learn how to buy Compound / COMP, scroll down to see how to buy Compound.

Here’s how to buy Compound on Quick Trade

Buying Compound is just like foreign exchange of traditional currencies like the Canadian Dollar, US Dollar, or Euro. You trade coins that you have – either a cryptocurrency or a dollar – for Compound, which trades as COMP. Based on when you think you can get a good COMP price, you should be able to trade COMP to CAD.

To buy Compound, simply follow these steps:

1

Sign up for a Quick Trade account and verify your identity

This is the first step to buying COMP. Verifying your identity helps us to properly connect your funds to your account.

2

Fund your account with Canadian Dollars

Funding is like putting gas into a car – it helps you get where you want to go.

3

After funding, select COMP from the list on the trade section

Quick Trade lets you trade COMP without leaving the app. You can also check the Compound stock price and convert COMP to CAD on the platform.

4

Select a currency you’ve funded and use it to check the COMP price

In the Quick Trade app, all currencies available to trade can be found in the drop down list.

5

Buy COMP

Congratulations! You’re now the proud owner of COMP. You can either HODL or use it to exchange COMP to CAD. To the moon!

Compound was founded in 2017 and is headquartered in San Francisco, California. It is an Ethereum project that focuses on allowing borrowers to take out loans and lenders to provide loans by locking their assets into the protocol. COMP is the native token of the Compound protocol. As an organization, Compound aims to incentivize users with interest and rewards for lending their COMP and contributing to a decentralized money market.

You may want to consider buying COMP if you would like to:

Diversify your portfolio by introducing a variety of cryptocurrency assets

Earn interest by lending your COMP to other borrowers

Explore DeFi and other Ethereum-protocol based projects

Exchange it for cryptocurrencies such as Bitcoin to buy and sell goods online

Where do I keep my COMP?

At Coinsquare, we offer customers the power of easy transactions and cold storage security. We’re constantly organizing funds to ensure our customers trade instantly and securely. There are different storage options available for your cryptocurrency, your choice should ultimately be the one that suits your needs. Mobile and web wallets can make transactions easy as the currencies are accessible directly from your phone or device, whereas hardware wallets are best suited for secure, long-term storage as they eliminate the vulnerability found in online environments.

Ready to add COMP to your portfolio?

Create your account, fund it with spare change and get a little bit of COMP.

Sign Up & Buy COMP

Prices and percentage changes are for information purposes only and in no way reflect Coinsquare Ltd.’s speculation of market direction. Past performance is not an indicator of future performance. Please find our Risk Disclosure statement here.

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