How to Buy Compound (COMP) in Armenia

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

Step 1 – Join Coinmama

You'll first need to purchase units of the major currencies. Exchanges usually accept either Ethereum (ETH) or Bitcoin (BTC) in exchange for alternative Coins. Click below for registration and receive your Ethereum (ETH) or Bitcoin (BTC).

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

Your Ethereum or Bitcoin has to be sent over to an Exchange now. Every exchange has a deposit form that is alike. Compound (COMP) is obtainable on Binance, so we're going to use that as an example. Not sure on how to send funds from Coinbase to an Exchange? (Just follow this how-to)

Make sure you've selected the correct coin you wish to deposit.

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

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

As soon as your deposit has been approved, you'll now have access to your finances and you can begin buying and trading. To buy {Compound (COMP)|(COMP) Compound} on Binance, you'll want to go to the tab which is called “Exchange” and then click on “Basic”.

To spot {Compound (COMP)|(COMP) Compound}, you'll need to put the shortname of the coin (COMP) into the search box, which is highlighted in the image. Be certain of having selected the proper pairing, we've highlighted this also. Click on “COMP/BTC” to go on.

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

Once you have found {Compound (COMP)|(COMP) Compound}, you'll be given a Chart with Prices (in the Center of the picture) and a few Order Books (on the Left of the picture). For now we're creating our own Limit Order.

The ”Price” field will be filled with the up-to-date valuation {Compound (COMP)|(COMP) Compound} was traded for. This can be changed to your desired rate. The ”Amount” field is the volumen of COMP you like to purchase. The ”Total” field is the whole price in Bitcoin that you'll pay for the complete volumen of COMP.

If you're happy, click on “Buy COMP”. Your plan will be filled as soon as a Vendor trades their COMP for the price you introduced.

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

Unless you're regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extended time frame. To take off your {Compound (COMP)|(COMP) Compound}, hover over the tab called “Funds” and click on “Withdraw”. {Compound (COMP)|(COMP) Compound} can be stored securely using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Compound (COMP)|(COMP) Compound} by using the given drop-down box. Put into the amount of {Compound (COMP)|(COMP) Compound} you would wish to take off. Don't forget the demonstrated minimus/fees. Also make sure you have filled your precise withdraw address.

If you're happy, click “Submit”. You may be asked for email/phone verification ahead of a take off.

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

That's it!

Withdrawals from Cryptocurrency Exchange can take between 1 – 30 minutes (rely on usage of the network). As soon as you've confirmed your withdrawal with or and the {Compound (COMP)|(COMP) Compound} is stored inside your wallet, you're all done.

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