A Step-by-Step-Guide on how to buy Compound Coin (COMP) in Anguilla
Step 1 – Signup to Coinmama You'll first need to buy units of the top-tier coins. Exchanges usually accept either Ethereum or Bitcoin in exchange for alternative Coins. Follow the Link below to register and getting your Ethereum or Bitcoin.
Step 2 – Send Your ETH (Ethereum) or BTC (Bitcoin) to an Exchange Your BTC (Bitcoin) or ETH (Ethereum) has to be sent over to an Exchange now. All exchanges have a deposit form that is identical. Compound Coin (COMP) is accessible on Binance, so we're going to use that as an example. Unsure on how to send funds from Coinbase to an Crypto Exchange? (Follow this manual) Make sure you have chosen the correct coin you want to deposit. BTC must be sent to a BTC deposit address, ETH to an Ethereum deposit address, etc. If you're dealing with a decentralized exchange, like Airswap or DDEX could be unlike (Follow our guide).
Step 3 – Locate Compound Coin (COMP) Once your deposit has been affirmed, you will now have access to your finances and you can launch invest and trading. To invest in Compound Coin (COMP) on Binance, you will want to hover over the tab which is called “Exchange” and then click on “Basic”. In order to locate Compound Coin (COMP), you'll need to insert the cointype (COMP) into the search-box, which is highlighted in the picture. Make sure you have choosen the right pairing, we have highlighted this also. Click on “COMP/BTC” to go on.
Step 4 – Purchasing Compound Coin (COMP) Once you have located Compound Coin (COMP), you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). For now we're creating our own Limit Order. The ”Price” field will be automatically filled with the most recent price Compound Coin (COMP) was sold for. This can be changed to your preferred rate. The ”Amount” field is the quantity of COMP you wish to purchase. The ”Total” field is the total price in BTC that you will settle for the whole amount of COMP. If you are happy, click on “Buy COMP”. Your plan will be filled as soon as a Vender sells their COMP for the price you offered.
Step 5 – Withdraw Compound Coin (COMP) Unless you are frequently trading, best advise is not to keep your crypto on an Crypto Trader for an extended period of time. To take off your Compound Coin (COMP), hover over the ”Funds” tab and mouse click on “Withdraw”. Compound Coin (COMP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide) Find Compound Coin (COMP) by using the provided drop-down box. Drop in the amount of Compound Coin (COMP) you'd wish to withdraw. Don't forget the demonstrated fees/minimums. Also make sure you have filled your right withdraw address. If you are happy, click on “Submit”. You may be requested for verfication via email/phone ahead of a withdrawal.
Congratulations! You have successfully purchased and safed Compound Coin (COMP) in Anguilla.That's it! Take offs from Exchange can durate between 1 – 30 minutes (depending on usage of the network). Once you have confirmed your withdrawal using Ethplorer.io or Etherscan.io and the Compound Coin (COMP) is stored within your wallet, you're done.
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