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 ETH (Ethereum) or BTC (Bitcoin) to an Cryptocurrency Exchange

Your Ethereum (ETH) or Bitcoin (BTC) will need to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is alike. Compound (COMP) is available on Binance, so we're going to use that as an illustration. Unsure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Just follow this guide)

Make sure you have chosen the exact coin you wish to deposit.

Bitcoin must be sent to a Bitcoin deposit address, Ethereum to an Ethereum deposit address, etcetera. In the case you're working with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our manual).

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

As soon as your deposit has been verified, you'll directly have access to your finances and you can commence invest and trading. To purchase {Compound (COMP)|(COMP) Compound} on Binance, you'll want to go to the tab which is called “Exchange” and click on “Basic”.

In order to locate {Compound (COMP)|(COMP) Compound}, you'll need to put the short name of the asset (COMP) into the search-box, which is marked in the image. Make sure you have choosen the right pairing, we have marked this also. Click on “COMP/BTC” to go ahead.

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

After you've spotted {Compound (COMP)|(COMP) Compound}, you'll be presented with a Price Chart (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we are going to create our own Limit Order.

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

If you are happy, click on “Buy COMP”. Your order will be filled as soon as a Vendor sells their COMP for the price you gave.

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

Unless you're regularly trading, best advise is not to keep crypto on an Exchange for an extended time period. To withdraw your {Compound (COMP)|(COMP) Compound}, hover over the ”Funds” tab and click on “Withdraw”. {Compound (COMP)|(COMP) Compound} can be securely stored using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide)

Find {Compound (COMP)|(COMP) Compound} by using the provided drop-down box. Put into the quantity of {Compound (COMP)|(COMP) Compound} you'd wish to withdraw. Don't forget the presented minimus/fees. Also make sure you have filled your correct withdraw address.

If you're satisfied, click “Submit”. You could be asked for verfication via email/phone before a withdrawal.

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

That's it!

Take offs from Crypto Exchange can take anywhere from 1 – 30 minutes (rely on usage of the network). As soon as you have confirmed your withdrawal using Etherscan.io or Ethplorer.io and the {Compound (COMP)|(COMP) Compound} is safe inside your wallet, you are finished.

And some more interesting Altcoins: