How to Buy Compound Coin (COMP) in Anguilla

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.

Binance Signup
Step 2 – Send Your Bitcoin (BTC) or Ethereum (ETH) to an Cryptocurrency Exchange

Your Ethereum or Bitcoin will need to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is alike. Compound Coin (COMP) is obtainable on Binance, so we will use that as an sample. Not sure on how to send Coinbase funds to an Cryptocurrency Exchange? (Follow this guide)

Make sure you have selected the exact coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you are working with a decentralized exchange, such as Airswap or DDEX could be divergent (Follow our manual).

Step 3 – Find {Compound Coin (COMP)|(COMP) Compound Coin}

As soon as your deposit has been verified, you will directly have access to your finances and you can begin buying and trading. To buy {Compound Coin (COMP)|(COMP) Compound Coin} on Binance, you will want to hover over the ”Exchange” tab and mouse click on “Basic”.

In order to locate {Compound Coin (COMP)|(COMP) Compound Coin}, you will need to put the shortname of the coin (COMP) into the search-box, which is marked in the image. Be certain of having selected the proper grouping, we have marked this also. Click on “COMP/BTC” to continue.

{How to buy Coin on Binance 1|Binance How To Buy 1} Compound Coin (COMP)
Step 4 – Purchase {Compound Coin (COMP)|(COMP) Compound Coin}

After you have spotted {Compound Coin (COMP)|(COMP) Compound Coin}, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). And now we're creating our Limit Order.

The ”Price” field will be filled automatically with the most recent price {Compound Coin (COMP)|(COMP) Compound Coin} was traded for. This can be changed to your desired rate. The field with the “Amount” tag is the quantity of COMP you want to purchase. The ”Total” field is the whole price in BTC that you'll pay for the complete quantity of COMP.

If you're happy, click on “Buy COMP”. Your plan will be filled when a Seller trades their COMP for the price you submitted.

Step 5 – Withdraw {Compound Coin (COMP)|(COMP) Compound Coin}

Unless you're regularly trading, best advise is not to keep coins on an Exchange for an longer time period. In order to withdraw your {Compound Coin (COMP)|(COMP) Compound Coin}, go to the tab called “Funds” and click on “Withdraw”. {Compound Coin (COMP)|(COMP) Compound Coin} can be stored safely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Compound Coin (COMP)|(COMP) Compound Coin} by using the given drop-down box. Put into the quantity of {Compound Coin (COMP)|(COMP) Compound Coin} you would wish to withdraw. Don't forget the displayed minimus/fees. Also make sure you have entered your correct withdraw address.

If you're satisfied, click on “Submit”. You could be asked for verfication via email/phone ahead of a take off.

Congrats! You've successfully purchased and stored Compound Coin (COMP) in Anguilla.

That's it!

Withdrawals from Crypto Exchange can take between 1 – 30 minutes (rely on usage of the network). Once you've proved your withdrawal with Ethplorer.io or Etherscan.io and the {Compound Coin (COMP)|(COMP) Compound Coin} is stored inside your wallet, you're all done.

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