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Table Of Contents
Compound (COMP) is the governance token for the Compound Decentralized Finance (DeFi) protocol. DeFi networks seek to convert traditional financial systems over to decentralized versions. In this way, regular users gain a share in the profits that were once only available to large financial institutions.
Compound is an algorithmic money market protocol that lives on the Ethereum blockchain. Notably, this network is credited with starting the current DeFi craze. Compound was the first platform to introduce yield farming to the market in mid-summer 2020. Yield farming is similar to staking crypto in many ways. To learn more visit our Investing in Compound guide.
We list the top 3 exchanges that offer the ability to buy Compound (COMP) with a credit card or debit card.
Binance is one of the largest and most well-known cryptocurrency exchanges in the world. The benefits of purchasing Compound (COMP) here is that you benefit from the lower exchange fees than competing exchanges, and the increased liquidity enables you to buy and sell quickly to take advantage of market moving news.
This exchange is best for Australia, Canada, Singapore, UK & international users. They do not accept USA residents.
Use Discount Code: EE59L0QP for 10% cashback off all trading fees.
Kraken is one of the longstanding names when it comes to cryptocurrency exchanges operating in the industry.
From humble beginnings, they have now gone on to become one of the most recognizable names in the space offering an extensive selection of assets to trade including Compound (COMP).
The trading costs are competitive with other exchanges and they have continued to evolve now offering both futures and margin trading.
This is our most recommended exchange for USA residents.
Huobi Global was established in 2013, they’ve since become one of the world’s largest digital asset exchanges with an accumulated trading volume of US $1 trillion. Having once accounted for half of the world’s digital asset transactions, Huobi now serves more than 5 million users in over 130 countries around the world. It should be noted that they do not accept USA investors.
They are one of the top exchanges that currently offers Compound (COMP) trading opportunities.