How to buy
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Compound is one of the largest and oldest DeFi (decentralized finance) platforms in the industry. The Ethereum-based protocol provides a fully decentralized money market, allowing users to lend or borrow crypto assets using the protocol’s built-in smart contracts.
All transactions are executed using blockchain technology, with interest rates automatically adjusted based on the liquidity of the asset in real-time. Compound also utilizes cTokens, which are distributed to lenders based on the crypto assets deposited.
Compound’s native token is the ERC-20-based COMP token, which provides governance rights to holders.
How to buy
Trade Bitcoin, Ethereum and a wide range of cryptocurrencies with confidence knowing that your coins are safe in an exchange where they've been backed by top-notch security features like 2FA authentication and bank-level encryption.
Deposit funds safely and for free directly to your unique Tap account by bank transfer. You can then use these funds to buy Compound or any other coin or token with a click on the Tap mobile app.
You can buy Compound directly with your debit card on the Tap mobile app in one smooth process. Deposit funds absolutely free of charge, then purchase your COMP for the best price currently available on the market.
Tap offers the ability to deposit multiple cryptocurrencies which you can then trade for Compound at some of the market's greatest rates, making it ideal for traders who want to be on the same page.
Be at ease when you purchase cryptocurrency knowing you’re using a fully regulated provider. Tap offers cutting-edge technology, token features and top security processes enabling biometric login and backend encryption and excellent customer support. You can rest assured that your funds, private data, crypto wallets and account are secure at all times.
Tap mobile app is the solution to all your cryptocurrency problems, from where can you buy Compound tokens to how to store the COMP tokens among other assets. Become a savvy investor with Tap today.
Get the best price for your crypto
Trading with Tap automatically gives you access to the platform’s smart engine which finds you the best available price on the market in real-time. By scanning top exchanges and order books, the technology is able to sift through tons of data in order to pair you with the best market price whether you're looking to buy or sell Compound.
Start investing in Compound today and get started with as little as $10/€10. Purchasing Compound tokens has never been this easy making it an ideal tool for everyone from beginner to seasoned crypto investor. Trade on the go, invest and earn, build your wealth and join our 60K+ users in building a better financial future with Tap. Start buying COMP today and tap into this celebrated protocol.
Want to Learn more about crypto ?
Whether you're a crypto novice or an everyday trader, Tap has what it takes to keep your knowledge growing. Would you like to learn more about digital currency, decentralized finance, lending platform vs lending pools, traditional currency, technology, markets or any other crypto jargon?
Tap's crypto learning corner is filled with many an article and has everything you need and more when it comes to learning about cryptocurrency. We'll have you understanding the world of finance and cryptocurrency in no time.
What to do after buying
Frequently Asked Questions
The Compound (COMP) token is a community governance token powering the Compound platform.
By holding more than 1% of its total supply, COMP token holders are able to participate in the governance system. How much COMP one holds determines their voting rights, with each token representing one vote.
The Compound Protocol uses Ethereum smart contracts to facilitate the lending and borrowing of crypto assets. The native token COMP provides users with governance rights regarding important decisions within the protocol.
In order to earn with the Compound protocol you will need to deposit cryptocurrency onto the platform. To do this, you will need to link your wallet holding at least 0.5 ETH. On the Compound platform select Supply Markets on the left and the cryptocurrency you would like to deposit. A pop-up will then indicate the Supply APY (amount of token/year) and the Distribution APY (amount of COMP/year) you can earn for that particular asset. Then select Enable, this allows the Compound protocol to interact with your wallet, and enter the amount of the asset you wish to deposit. Click Supply when you are ready to execute the transaction. As you earn interest this will be displayed in the Supply balance on the platform, which can be withdrawn to your wallet when you're ready to do so.
Get access to the COMP price directly through your Tap mobile app. Simply open the app, select the Crypto wallet, and find Compound from the list of supported cryptocurrencies. Alongside the current price will be an overview of the recent price movements, and access to buy, sell or trade the asset. Whether you choose to purchase COMP directly through the app or import the tokens from another wallet, the Tap app provides each user with a unique and secure wallet in which the tokens can be stored.
As COMP is an ERC-20 token it is compatible with any Ethereum wallet that supports that token standard, whether a software or hardware wallet. Before sending coins to a wallet always ensure that the wallet supports the tokens you are trying to send. If not this could result in the loss of your coins. For a safer option, Tap provides users with a unique COMP wallet in which anyone can store their COMP tokens for any period of time. All you need to do is open an account.
Buying Compound needn't be a hassle. Users looking to sell or buy COMP need to look no further than the Tap app. With smart technology that scans multiple top exchanges and order books to find the best price to the fully regulated status it holds from the Gibraltar Financial Services Commission, buying and selling digital assets has never been easier or more secure. Simply create an account and complete the identity verification process to start buying COMP, trading or selling the asset.
Tap makes trading and managing cryptocurrency secure, accessible and exciting. The fully regulated platform provides users with access to buy and sell cryptocurrencies in just a few clicks for the best available price on the market. To tap into this effortless crypto experience with the utmost security, simply download the Tap mobile app and create an account and start engaging in the Compound market today.