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Compound Investors

Buy Compound in Singapore | Buy COMP in 4 Steps (February 2024)

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If you are trying to buy Compound (COMP) in Singapore, there are several questions you may have, and points to consider prior to making your purchase. This starts with the best place to buy Compound (COMP) in Singapore. Alongside this, you will want to get a lowdown on any crypto regulations as well as the tax implications of your investment.

These are all areas we will cover right here together with giving your our top 3 exchanges to buy Compound (COMP) in Singapore. If you want to learn more about Compound (COMP), please visit our Investing in Compound guide.

How to Buy Compound (COMP) in 4 Steps

The whole process can take as little as 10 minutes and all you'll need is a smartphone or computer, photo identification and a means of payment.

  1. Compare Crypto Exchanges – We list the top cryptocurrency exchanges that offer the ability to buy Compound (COMP) cryptocurrency.
  2. Create an account – Verify your email address and identity.
  3. Make a deposit – Debit Card, Credit Card, Wire Transfer, or Bitcoin.
  4. Buy Compound – Use your funds to Buy COMP.

Best Places to Buy Compound in Singapore

1. Binance

Binance is one of the top names in the world when it comes to cryptocurrency exchanges. They are extremely well-trusted and regulated in Malta under the Maltese Virtual Financial Assets Act that provides traders with further protection beyond their excellent reputation.

You can now purchase Compound (COMP) and many of the other cryptocurrencies offered by Binance directly and instantly using your credit or debit card alongside a number of other convenient methods like a direct bank transfer. These fees are a little higher than using the exchange but still very competitive at between 1%-3.5% depending on the method. Trading with the exchange you will experience one of the lowest flat fees in the industry, from 0.1%.

If you do want to start trading here, you will find the verification process is also very fast and convenient. You can be fully verified in just a few minutes with an electronic upload of a couple of basic documents. Binance also features one of the widest ranges of crypto offerings available in the sector. You will find more than 100 of the most popular cryptocurrencies all available here along with many altcoins, and their own native Binance Coin (BNB).

They also provide an easy to use trading platform available with several different trading views you can tailor to your experience level.

At Binance you will also find: Hundreds of other cryptocurrencies to trade include all major coins and a huge range of altcoins.

Take a look at our Binance Review or head to the Binance exchange to sign-up. Use Discount Code: EE59L0QP to claim a 10% cashback on trading fees.

2. Independent Reserve

Independent Reserve is an Australian exchange that offers an easy way to purchase Compound (COMP). It has over 200,000 customers and is trusted by over 8,000 Self-Managed Super Funds.

The team is super transparent, and the CEO Adrian Przelozny is a board member of Blockchain Australia. It offers 24/7 responsive customer support and is located at Level 26, 44 Market Street Sydney, 2000 New South Wales, Australia.

This exchange is extremely easy to use, and it allows you to buy directly with Singapore dollars.

At Independent Reserve you will also find: : Bitcoin (BTC), Ethereum (ETH), Polkadot (DOT), Chainlink (LINK), Ripple (XRP), Stellar Lumens (XLM),  Litecoin (LTC), Maker (MKR), Dai (DAI), Compound (COMP), The Graph (GRT),  Tether (USDT), Binance (BNB), OmiseGo (OMG), and Kyber Network (KNC).

Read our Independent Reserve Review or visit Independent Reserve.

3. KuCoin

KuCoin is a well-known name in the industry, and one of the most competitive when it comes to fees and trading costs. The exchange has grown exponentially from its early days of offering only crypto to crypto trading.  It now offers a varied range of services including a P2P exchange capability, and purchasing with credit or debit cards.

KuCoin currently offers Compound (COMP) cryptocurrency trading as well as over 300 other popular tokens.  It is often the first to offer buying opportunities for new tokens.

This exchange currently accepts USA residents.

Read our KuCoin Review or visit KuCoin.

Daniel is a big proponent of how blockchain will eventually disrupt big finance. He breathes technology and lives to try new gadgets.