How to Buy Compound (COMP) in Anguilla

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

Step 1 – Signup to Coinmama

You will first need to buy units of the major currencies. Exchanges normally accept either ETH (Ethereum) or BTC (Bitcoin) in exchange for alternative Coins. Follow the Link below for registration and to get your ETH (Ethereum) or BTC (Bitcoin).

Binance Signup
Step 2 – Send Your Funds to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) has to be sent over to an Cryptocurrency Exchange now. All exchanges have a deposit form that is identical. Compound (COMP) is obtainable on Binance, so we're going to use that as an sample. Not sure on how to send Coinbase funds to an Crypto Trader? (Just follow this how-to)

Make sure you have chosen the correct coin you want to deposit.

Bitcoin must be sent to a BTC deposit address, Ethereum to an Ethereum deposit address, et cetera. In the case you're working with a decentralized exchange, such as Airswap or DDEX could be unlike (Just follow our guide).

Step 3 – Find Compound (COMP)

Once your deposit has been approved, you'll now have access to your finances and you can commence purchasing and trading. To purchase Compound (COMP) on Binance, you will want to go to the tab which is called “Exchange” and after that mouse click on “Basic”.

In order to find Compound (COMP), you'll need to insert the short name of the asset (COMP) into the search-box, which is marked in the picture. Make sure you have selected the proper grouping, we have marked this also. Click on “COMP/BTC” to proceed.

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

After you've discovered Compound (COMP), you'll be presented with a Chart with Prices (in the Center of the picture) and some Order Books (on the Left of the picture). And now we're going to make our own Limit Order.

The ”Price” field will be filled with the most latest valuation Compound (COMP) was traded for. You can change this to your desired rate. The ”Amount” field is the quantity of COMP you want to purchase. The field with the “Total” tag is the total price in Bitcoin that you will pay for the whole amount of COMP.

If you are satisfied, make a mouse click on “Buy COMP”. Your order will be filled as soon as a Vender sells their COMP for the price you submitted.

Step 5 – Withdraw Compound (COMP)

Unless you are regularly trading, you should never keepyour crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your Compound (COMP), hover over the tab called “Funds” and mouse click on “Withdraw”. Compound (COMP) can be stored safely using a Wallet, for instance MyEtherWallet. (MyEtherWallet Setup Guide)

Locate Compound (COMP) by using the given drop-down box. Enter the volumen of Compound (COMP) you would like to withdraw. Don't forget the demonstrated minimus/fees. Also make sure you have entered your right withdraw address.

When you are glad, click “Submit”. You could be asked for phone/email verification ahead of a take off.

Kudos! You've successfully purchased and safed Compound (COMP) in Anguilla.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (depending on usage of the network). Once you've proved your withdrawal using Etherscan.io or Ethplorer.io and the Compound (COMP) is stored in your wallet, you are all done.

And some more interesting Altcoins:

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