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).
Step 2 – Transfer Your Bitcoin (BTC) or Ethereum (ETH) to an Exchange Your Ethereum or Bitcoin has to be sent over to an Crypto Exchange now. Every exchange has a deposit form that is identical. Compound (COMP) is obtainable on Binance, so we will use that as an example. Not sure on how to send funds from Coinbase to an Crypto Exchange? (Just follow this manual) Make sure you have chosen the right coin you wish to deposit. BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, and so on. In the case you're dealing with a decentralized exchange, like Airswap or DDEX could be opposed (Just follow our how-to).
Step 3 – Locate Compound (COMP) Once your deposit has been confirmed, you will now have access to your finances and you can begin purchasing and trading. To invest in Compound (COMP) on Binance, you'll want to hover over the tab which is called “Exchange” and after that click on “Basic”. In order to spot Compound (COMP), you'll need to put the short name of the asset (COMP) into the search-box, which is marked in the picture. Make sure you have choosen the correct grouping, we've marked this too. Click on “COMP/BTC” to go on.
Step 4 – Acquisition of Compound (COMP) After you've discovered Compound (COMP), you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). Next we are creating our own Limit Order. The ”Price” field will be filled automatically with the most latest price Compound (COMP) was sold for. This can be changed to your favoured rate. The field with the “Amount” tag is the volumen of COMP you want to buy. The ”Total” field is the aggregated price in Bitcoin that you'll pay for the complete quantity of COMP. When you are glad, make a mouse click on “Buy COMP”. Your order will be filled as soon as a Vender sells their COMP for the price you offered.
Step 5 – Withdraw Compound (COMP) Unless you are frequently trading, you should never keepyour crypto coins on an Crypto Exchange for an extended time frame. In order to take off your Compound (COMP), go to the tab called “Funds” and mouse click on “Withdraw”. Compound (COMP) can be stored safely using a Wallet, for example MyEtherWallet. (MyEtherWallet Setup Guide) Locate Compound (COMP) by using the given drop-down box. Put into the quantity of Compound (COMP) you would like to withdraw. Don't forget the shown minimus/fees. Also make sure you have entered your right withdraw address. If you are happy, click “Submit”. You may be asked for verfication via email/phone before a withdrawal.
Kudos! You've successfully bought and safed Compound (COMP) in Anguilla.That's it! Withdrawals from Cryptocurrency Exchange can take anywhere from 1 – 30 minutes (rely on network usage). As soon as you've proved your take off using Etherscan.io or Ethplorer.io and the Compound (COMP) is safe in your wallet, you are finished.
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