How to Buy Compound Coin (COMP) in Azerbaijan

A Step-by-Step-Guide on how to buy Compound Coin (COMP) in Azerbaijan

Step 1 – Join Coinbase and recieve 10$ for free

You'll first need to purchase units of the top-tier currencies. Exchanges commonly accept either Bitcoin or Ethereum in exchange for any other Cryptocurrency. Click the button below to register and getting your welcome 10$.

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Cryptocurrency Exchange

Your Bitcoin or Ethereum has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Compound Coin (COMP) is accessible on Binance, so we will use that as an illustration. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you've chosen the precise coin you wish to deposit.

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so forth. In the case you're using a decentralized exchange, like Airswap or DDEX could be different (Just follow our manual).

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

As soon as your deposit has been confirmed, you will instantly have access to your assets and you can initiate purchasing and trading. To purchase {Compound Coin (COMP)|(COMP) Compound Coin} on Binance, you will want to hover over the ”Exchange” tab and click on “Basic”.

To discover {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 correct pairing, we've 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 – Buying {Compound Coin (COMP)|(COMP) Compound Coin}

After you have spotted {Compound Coin (COMP)|(COMP) Compound Coin}, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (Leftside of the picture). Next we're creating our own Limit Order.

The field with the “Price” tag will be filled with the most recent tariff {Compound Coin (COMP)|(COMP) Compound Coin} was traded for. You can change this to your preferred rate. The field with the “Amount” tag is the quantity of COMP you wish to buy. The ”Total” field is the aggregated price in BTC that you'll pay for the complete quantity of COMP.

When you are satisfied, click on “Buy COMP”. Your plan will be filled when a Seller sells their COMP for the price you gave.

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

Unless you're trading, you should never keepyour crypto coins on an Exchange for an extensive time period. In order to take off your {Compound Coin (COMP)|(COMP) Compound Coin}, go to the ”Funds” tab and mouse click on “Withdraw”. {Compound Coin (COMP)|(COMP) Compound Coin} can be stored securely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Compound Coin (COMP)|(COMP) Compound Coin} by using the given drop-down box. Enter the quantity of {Compound Coin (COMP)|(COMP) Compound Coin} you'd wish to take off. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address.

When you're happy, make a mouse click on “Submit”. You could be asked for phone/email verification before a withdrawal.

Congrats! You have successfully bought and safed Compound Coin (COMP) in Azerbaijan.

That's it!

Take offs from Crypto Trader can durate between 1 – 30 minutes (rely on network usage). As soon as you've proved your withdrawal using Etherscan.io or Ethplorer.io and the {Compound Coin (COMP)|(COMP) Compound Coin} is safe in your wallet, you're done.

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