How to Buy Compound (COMP) in Australia

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

Step 1 – Signup to Coinmama

In the beginning you'll need to purchase units of the top-tier currencies. Exchanges normally accept either BTC (Bitcoin) or ETH (Ethereum) in exchange for alternative Coins. Click below for registration and getting your BTC (Bitcoin) or ETH (Ethereum).

Binance Signup
Step 2 – Transmit Your Bitcoin or Ethereum to an Crypto 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 illustration. Unsure on how to send Coinbase funds to an Crypto Exchange? (Just follow this how-to)

Make sure you've chosen the right coin you want to deposit.

Bitcoin must be sent to a Bitcoin deposit address, ETH to an ETH deposit address, and so forth. In the case you're working with a decentralized exchange, like Airswap or DDEX could be unlike (Just follow our guide).

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

As soon as your deposit has been affirmed, you will now have access to your funds and you can initiate purchasing and trading. To purchase {Compound (COMP)|(COMP) Compound} on Binance, you will want to go to the tab which is called “Exchange” and then mouse click on “Basic”.

To discover {Compound (COMP)|(COMP) Compound}, you will need to put the shortname of the coin (COMP) into the search-box, which is marked in the graphic. Make sure you have selected the proper grouping, we've marked this too. Click on “COMP/BTC” to go ahead.

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

After you have discovered {Compound (COMP)|(COMP) Compound}, you'll be given a Price Chart (in the Center of the image) and a few Order Books (Leftside of the image). And now we're going to make our Limit Order.

The ”Price” field will be filled automatically with the recent tariff {Compound (COMP)|(COMP) Compound} was traded for. You can change this to your desired price. The field with the “Amount” tag is the volumen of COMP you like to buy. The ”Total” field is the total price in BTC that you will settle for the complete volumen of COMP.

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

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

Unless you are regularly trading, never keep your crypto on an Cryptocurrency Exchange for an extensive period of time. To withdraw your {Compound (COMP)|(COMP) Compound}, go to 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 given drop-down box. Drop in the volumen of {Compound (COMP)|(COMP) Compound} you would wish to withdraw. Take into account the shown minimus/fees. Also make sure you have filled your right withdraw address.

When you are satisfied, click “Submit”. You could be requested for verfication via phone/email ahead of a take off.

Congratulations! You have successfully bought and stored Compound (COMP) in Australia.

That's it!

Take offs from Crypto Trader can take between 1 – 30 minutes (rely on usage of the network). Once you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Compound (COMP)|(COMP) Compound} is safe inside your wallet, you're finished.

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