How to Buy Compound (COMP) in Azerbaijan

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

Step 1 – Signup to Coinbase and get 10$ for free

In the beginning you'll need to purchase units of the major coins. Exchanges usually accept either Bitcoin (BTC) or Ethereum (ETH) in exchange for Altcoins. Click the button below to register and receive your first 10$.

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

Your Ethereum or Bitcoin has to be sent over to an Cryptocurrency Exchange now. Every exchange has a deposit form that is similar. Compound (COMP) is available on Binance, so we're going to use that as an sample. Not sure on how to send funds from Coinbase to an Cryptocurrency Exchange? (Follow this manual)

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

BTC must be sent to a BTC deposit address, ETH to an ETH deposit address, et cetera. If you're using a decentralized exchange, like Airswap or DDEX could be unlike (Follow our manual).

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

Once your deposit has been confirmed, you'll immediately have access to your finances and you can launch invest and trading. To invest in {Compound (COMP)|(COMP) Compound} on Binance, you'll want to hover over the ”Exchange” tab and then mouse click on “Basic”.

To discover {Compound (COMP)|(COMP) Compound}, you'll need to put the short name of the asset (COMP) into the search-box, which is highlighted in the image. Make sure you have choosen the right grouping, we have highlighted 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've located {Compound (COMP)|(COMP) Compound}, you will be presented with a Price Chart (in the Center of the image) and some Order Books (Leftside of the image). Next we're going to make our Limit Order.

The ”Price” field will be filled automatically with the most up-to-date valuation {Compound (COMP)|(COMP) Compound} was traded for. You can change this to your desired rate. The field with the “Amount” tag is the amount of COMP you like to buy. The ”Total” field is the total price in Bitcoin that you'll pay for the whole amount of COMP.

When you're satisfied, click on “Buy COMP”. Your plan will be filled when a Vendor trades their COMP for the price you gave.

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

Unless you are regularly trading, best advise is not to keep crypto on an Cryptocurrency Exchange for an extensive time frame. To withdraw your {Compound (COMP)|(COMP) Compound}, hover over the ”Funds” tab and click on “Withdraw”. {Compound (COMP)|(COMP) Compound} can be safely stored using a Wallet, e.g. MyEtherWallet. (MyEtherWallet Setup Guide)

Locate {Compound (COMP)|(COMP) Compound} by using the provided drop-down box. Enter the quantity of {Compound (COMP)|(COMP) Compound} you would wish to withdraw. Take into account the demonstrated fees/minimums. Also make sure you have filled your correct withdraw address.

If you are glad, click on “Submit”. You may be requested for email/phone verification ahead of a withdrawal.

Congrats! You've successfully bought and stored Compound (COMP) in Azerbaijan.

That's it!

Take offs from Crypto Trader can take anywhere from 1 – 30 minutes (depending on usage of the network). As soon as you've confirmed your withdrawal with Etherscan.io or Ethplorer.io and the {Compound (COMP)|(COMP) Compound} is stored inside your wallet, you are finished.

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